Sri Lanka’s government is preparing to roll out 95 billion rupees concessional loan package to support micro, small and medium-scale enterprises affected by Cyclone Ditwah, a major storm that disrupted livelihoods and businesses across several regions. Twelve private banks have applied to join the 3 percent interest loan scheme, which is currently being implemented through State-owned banks. Treasury Director General of Development Finance Manjula Hettiarachchi said agreement

Electronics and Information Technology Minister Ashwini Vaishnaw met Assistant to the US President, Michael Kratsios today at the White House to discuss the upcoming AI Impact Summit in India. Mr. Vaishnaw also participated in the Critical Minerals Ministerial Meeting hosted by Treasury Secretary Scott Bessent. In a social media post, he said, strengthening critical mineral supply chains is vital to enhancing the resilience of country’s manufacturing capabilities and rapidly

The meeting was held between Prime Minister Narendra Modi and German Chancellor Merz at Mahatma Mandir in Gandhinagar, Gujarat, today. This visit, being the Chancellor’s first to the country, marks an important chapter in Indo-German relations, as both leaders held discussions to enhance cooperation across a wide spectrum of sectors. Both leaders also reviewed the progress made in the India-Germany Strategic Partnership, which had recently completed 25 years. The bilateral di