Sri Lanka’s tourist arrivals surpass 2 million in 2024

Sri Lanka has welcomed its 2 millionth tourist who arrived from Bangkok this year, at the Bandaranaike International Airport (BIA), after a five-year gap. This marks the fourth time in history that annual tourist arrivals have surpassed 2 million, with previous instances occurring in 2016, 2017 and 2018. Deputy Minister of Tourism Ruwan Ranasinghe and […]

Read More

Withholding tax imposed on depositors below lower-income brackets to be refunded: Sri Lanka Government

The government is formulating a mechanism to provide relief to depositors who had to pay 10 percent withholding tax whereas they earn less than Rs. 150,000 deposit interest a month, Minister of Labour Anil Jayantha said today. He told a news conference that the Inland Revenue Department will release the mechanism soon on how the […]

Read More

Phase II of small hydropower projects to add 195 MW to Bhutan national grid

The second phase of four small hydropower projects, totaling 195 MW in capacity, is set to begin soon following the award of civil works contracts to contractors. The projects included in this phase are the 90 MW Jomori, 54 MW Gamri-I, 26 MW Druk Bindu I & II, and 25 MW Begana. The letters of […]

Read More

Growth forecast for 2024 lowered amid challenges

Bhutan’s economic growth forecast for 2024 has been revised down to five percent, marking a 1.1 percent drop from earlier projections, primarily due to challenges in the domestic economy, including delays in Punatsangchhu-II Hydroelectric Project (PHPA-II) and a slow tourism recovery. According to the Macroeconomic Situation report from the Ministry of Finance,  one of the main […]

Read More

Everything You Need to Know About India-Nepal Bilateral Relationship

Nepal and India share a multifaceted and deeply rooted relationship spanning history, culture, tradition, religion, and economics for centuries. Nepal-India close bonds symbolizes an open border, unhindered movement of people, marriages and familial ties known as ‘Roti-Beti ka Rishta’. Both counties enjoy excellent multidimensional bilateral ties since the two countries established diplomatic relations on 17 […]

Read More

‘Mahatma Gandhi is the father of the nation, not of India, but of Pakistan’

Musician Abhijit Bhattacharya made an explosive comment about ‘Bapu’ Mahatma Gandhi. Where he referred to this Indian freedom fighter as ‘the father of Pakistan’, which has started a huge uproar on social media. Recently, in a podcast, singer Abhijit Bhattacharya said that Mahatma Gandhi is the father of Pakistan, not of India. While talking about […]

Read More

Al-Qadir Trust corruption case verdict against Imran and Bushra postponed

The verdict in the Al-Qadir Trust corruption case against former Pakistani Prime Minister Imran Khan and his wife Bushra Bibi was scheduled to be announced on Monday. However, the Accountability Court in Islamabad has postponed the verdict. On Monday, Justice Nasir Javed Rana said in the court that the verdict will not be announced today […]

Read More

Trump’s AI advisor is Bharatiya Krishnan

Indian-origin entrepreneur Sriram Krishnan has been appointed as an artificial intelligence (AI) advisor by the newly elected US President Donald Trump. Indian media NDTV reported on Monday that Krishnan will work as a senior advisor in the White House’s policy-making on artificial intelligence. In a statement regarding Krishnan’s appointment, Donald Trump said that Krishnan will […]

Read More

Sri Lanka has exited debt default, official says; Fitch upgrades rating to CCC+

In a post on X, Siriwardana emphasized the importance of avoiding past policy errors influenced by rigid ideologies, unfounded beliefs, or misleading narratives, which often lead to unrealistic and unsustainable decisions. Sri Lanka’s Secretary to the Treasury, Mahinda Siriwardana, announced on Saturday that the country has officially emerged from sovereign default. In a post on […]

Read More

Dhaka’s letter to Delhi to return Sheikh Hasina

The Ministry of External Affairs has sent a letter to India to return former Prime Minister Sheikh Hasina, who was ousted in a student uprising. The country’s Foreign Ministry spokesperson Randhir Jaiswal confirmed this information on Monday (December 23). It said that India has received a formal letter from the interim government of Bangladesh led […]

Read More