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Economic Newsletter : October 2018

Economic

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India Moves 23 Positions Higher on World Bank's Ease Of Doing Business Ranking
India recorded a jump of 23 positions in the World Bank's annual ranking of ease of doing business. India now ranks 77th in the annual list, as against 100 last year. Last year, the country had registered a jump of 30 places, "a rare feat for any large and diverse country of the size of India".
 
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Largest auditorium in a Sri Lankan university built with Indian assistance opened
The state of art auditorium with 1500 seating capacity is the largest in any of the Universities in Sri Lanka built with Indian grant assistance of Rs. 300 million at the University of Ruhuna, Matara in the Southern Province, was dedicated to the people of Sri Lanka.It has been designed by the famous Sri Lankan Architect Geoffrey Bawa to conform ...
 
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India becomes second largest solar market
India installed 4.9 GW of solar power, consolidating its position as the second largest solar market in the world, during the first half of calendar year 2018. The country was ranked second, following China during the January-June period, according to a report by Mercom Communications India.
 
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Mahatma Gandhi's 150th birth anniversary celebrated in Sri Lanka 
Series of events were held on 2nd October to begin the 150th birth anniversary celebrations of Mahatma Gandhi. Many more events focusing on life and philosophy of Gandhi ji would be organised during the next two years.
 
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India continues to be world's largest Business Process Management base, generated US$ 32.5 bn revenue
Nasscom said India continues to be the largest BPM (business process management) base in the world, generating close to USD 32.5 billion in revenue with employee strength of 1.2 million. The Indian BPM industry is estimated to now account for over 37 per cent share in global sourcing and is witnessing a 1.7X revenue growth.
 
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Foundation stone laid for a new water supply project in Kalutara under EXIM Bank financing
Foundation Stone laid ensuring clean and safe drinking water to Kalutara by Ion Exchange (India) Ltd. joining hands with Water Board of Sri Lanka for Aluthgama Mathugama Agalawatta Integrated Water Supply Project under 85 percent EXIM Bank of India financing. A total of 32,000 new water connections will be provided under the project. The project will be completed by July 2019.
 
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ISA could replace OPEC as key global energy supplier in future: PM Modi
Pitching for clean sources of energy by reducing dependence on polluting fossil fuel, the Prime Minister Narendra Modi said that ISA could replace OPEC as the key global energy supplier in future.
 
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Suwa Seriya Ambulances released for use in North Western Province
‘Suwa Sariya’ free ambulance service was started in the North-western province as well. Currently Suwa Seriya ambulance service is available in 6 provinces. This ambulance service will be further expanded ...
 
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