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Economic Newsletter : August 2018

Economic

 Focus Issues  High Impact News
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Indian Economy accelerates among global slowdown
India's economy is racing ahead, shrugging off global trade tensions and a fall in its currency. The country's gross domestic product grew 8.2% in the quarter ended June, according to official data 
 
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First estate worker houses built under Indian Housing Project handed over in Nuwara Eliya
The first lot of houses built under the Indian Housing Project in Plantation Areas was handed over for possession to beneficiaries by Prime Minister ...
 
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Innovation beyond cities – Meet 5 startups leading innovation from towns of India
While the list of innovative startups from Indian cities is growing longer by the day, here is a look at five startups from beyond the metros, which are leading the innovation revolution.
 
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10th Annual General Meeting-Indo-Lanka Chamber of Commerce
The 10th Annual General Meeting of the Indo-Sri Lanka Chamber of Commerce and Industry was held on 13 August. High Commissioner of India to Sri Lanka Taranjit Singh Sandhu was the Chief Guest....
 
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The Renewable Energy Revolution is here
For the first time in history, investment in India’s renewable energy sector surpassed that of fossil fuel-based power production. India achieved this groundbreaking feat in 2017,...
 
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1990 Emergency Ambulance service launched in Uva
On August 24, Uva Province received 26 fully furnished ambulances along with foreign-trained staff as a part of the extension of the 1990 Suwaseriya Emergency Ambulance service islandwide.
 
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Flight of the Indian Aviation Sector
India led the Asia Pacific region in posting the highest growth in air passenger traffic in May at 13.3 per cent. The domestic carriers are expected to add about 1,100 aircraft in the Indian skies in the next 10 years. IATA predicts that India's civil aviation market will become the world's third largest aviation market by 2025. 
 
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India helps renovate Saraswathy Central College, Kandy
India will help renovate Saraswathy Central College in Pusselawa, Kandy with a grant of SLR 96 million. This project is in continuation of Government of India’s efforts to partner with Government of Sri Lanka in peoples oriented development projects.
 
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