News

Roundtable titled ‘INR-LKR Trade Settlement : Strengthening Bilateral Economic Ties’ held

Published

3 weeks ago

February 26, 2025

editor

The High Commission of India organized a Roundtable titled ‘INR-LKR Trade Settlement: Strengthening Bilateral Economic Ties’ yesterday (Feb. 25) in Colombo.

The event brought together key stakeholders, including representatives from the Government of Sri Lanka, Sri Lankan and Indian banks, as well as members of various trade Chambers, media, and think tanks. Mr. Santosh Jha, High Commissioner of India to Sri Lanka and Dr P. Nandalal Weerasinghe, Governor of Central Bank of Sri Lanka graced the occasion.
The event commenced with welcome remarks delivered by the High Commissioner of India to Sri Lanka – Mr. Santosh Jha and was followed by a detailed presentation by Dr. Aditya Gaiha, Chief General Manager, Reserve Bank of India (RBI), on INR internationalization and the INR-LKR trade settlement. He also highlighted key policies of RBI which permit investments in INR in Sri Lanka. He further elaborated on RBI’s recent amendments to the Foreign Exchange Management Act (FEMA), aimed at enhancing the use of INR-LKR in cross-border transactions.

Governor of the Central Bank of Sri Lanka, Dr. P. Nandalal Weerasinghe provided valuable insights on the INR-LKR trade settlement framework. He underscored the importance of the mechanism and encouraged banks to engage with policy makers and central banks in both countries on streamlining the mechanism.

This initiative aligns with the commitment reaffirmed at the highest levels of leadership during the recent visit of President of Sri Lanka – Anura Kumara Disanayaka to India, where he met with Prime Minister Shri Narendra Modi. Among the key outcomes of their discussions was a renewed focus on enhancing INR-LKR trade settlements to deepen trade and investment ties between the two nations.

News

Boossa Prison jailor remanded over ‘Ganemulla Sanjeewa’ murder

Published

1 hour ago

March 17, 2025

editor

A Jailor at the Boossa Prison, who had brought underworld figure Sanjeewa Kumara Samararathne also known as “Ganemulla Sanjeewa” to court on the day he was killed inside the Hulftsdorp court premises, has been arrested by the Colombo Crimes Division (CCD).

Subsequently, he has been ordered to be remanded until March 21, after being produced before the Colombo Magistrate’s Court, Ada Derana reporter said.

Presenting the suspect to the court, the Colombo Crimes Division officials have stated that the murdered suspect, “Ganemulla Sanjeewa”, had been brought to court by the arrested Jailer on the day of the assassination.

Police informed the court that investigations are underway to determine whether the crime was committed due to the Jailor’s dereliction of duty.

Police also pointed out to the court that investigations have revealed that the suspected prison officer had not taken any steps to arrest the individual who shot at “Ganemulla Sanjeewa” within the court premises and fled.

During the trial, police also requested permission to obtain a record of the suspect’s mobile phone calls for further investigations.

The court granted permission for the requests and ordered the suspect to be remanded until March 21.

(adaderana.lk)

(This story, originally published by adaderana.lk has not been edited by SLM staff)