Economic Newsletter : March 2018 Our Publications

Economic Newsletter : March 2018

Economic

 Focus Issues  High Impact News
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India hosts the second informal WTO Ministerial Meeting
Delegates from as many as 52 countries, participated in the informal meeting of the WTO, held on March 20th in India. Amid increasing protectionism in global trade, this meeting is an initiative by India to facilitate an exchange of views on the issues and challenges facing the multilateral trading system.
 
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President Sirisena attends ISA Founding Conference – India announces LoC of USD 100 million for solar projects in SL
President of Sri Lanka Maithripala Sirisena visited New Delhi from 10-11 March 2018 to attend the Founding Conference of the International Solar Alliance. Two solar power projects worth USD 100 million to be set up in Sri Lanka are among the 27 projects worth $1,392.48 million that will be taken up in 15 countries.
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India Produces 100 Billionth Unit of Renewable Energy in a Year
In the last financial year India achieved the impressive feat of generating over 100,000 GWh of renewable energy units. India’s renewable energy production now stands well ahead of the total electricity generation of relatively populous developing nations like the Philippines, or small but advanced economies like Belgium.
 
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ITEC Day and the International Students' Day celebrated in Sri Lanka
High Commission of India, Colombo organized a joint celebration of Indian Technical & Economic Cooperation Day (ITEC Day) and International Students’ Day on 22 March 2018. Hon. NimalSiripala de Silva, Minister of Transport & Civil Aviation, Government of Sri Lanka, graced the occasion as the Chief Guest.
 
 
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France and India co-host the first International Solar Alliance summit
Heads of 23 nations and 10 ministerial representatives gathered in New Delhi for International Solar Alliance's first summit on 11 March. ISA was first unveiled by PM Modi and then French President Francois Hollande at the U.N. Climate Change Conference in Paris in November 2015.
 
 
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Workshop on GST held in Sri Lanka
An awareness workshop on Goods and Service Tax (GST) was organized by the High Commission of India. Officials from Government of Sri Lanka, trade chambers, industry people, attended the discussions which highlighted the fact that Sri Lankan exporters will now have access to hitherto unexplored markets of various states (provinces) in India, thanks to uniform rates of taxation all over India under the new GST Act.
 
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Balkrishna Vithaldas Doshi wins the Pritzker Architectural Prize for 2018
Celebrated as a pioneer of low-cost housing in India, Balkrishna Vithaldas Doshi said his works are an extension of his "life, philosophy and dreams" after being named for the Pritzker prize, or architecture Nobel, for 2018.
 
 
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RITES to provide advisory service to Government of Sri Lanka
The Sri Lankan Government has decided to enlist services of Indian engineering consultancy company RITES Limited to provide advisory services, to improve the road network connecting with the planned Central Expressway
 
 
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