India's leading agriculture commodity exchange, the National Commodity & Derivatives Exchange (NCDEX), has decided to acquire around a 20 per cent stake in a new commodities and financial derivatives exchange being set up in Sri Lanka, subject to regulatory and governmental approvals. The move aims to deepen NCDEX's footprint in the financial ecosystem of its neighbouring country.
Sri Lanka's signals -- that it is ready for 'joint fishing' initiatives -- and Tamil Nadu fishermen's sticking to commitments have paved the way for a negotiated settlement on a long festering issue, says N Sathiya Moorthy
Pakistan's external spy agency is trying to push its South Indian agenda
Sri Lanka's newly elected president Mithripala Sirisena waves at media as he leaves the election commission in Colombo. Photograph: Dinuka Liyanawatte/ Reuters
Billionaire Gautam Adani's group has pulled out of a loan deal with a US agency to fund a port terminal in Sri Lanka, saying it will use its own resources for the project. In an exchange filing late on Tuesday, Adani Ports and Special Economic Zone Ltd (APSEZ) said the project "is on track for commissioning by early next year". "The project will be financed through the company's internal accruals and capital management plan," the firm said.
The Securities and Exchange Board of India on Monday said it was planning a tie up with Commodities and Futures Trading Commission of US within a month for sharing of information.
The President had been moved out of his residence on Friday, in anticipation of Saturday's protests.
A Sri Lankan court on Tuesday ordered the release of 56 Indian fishermen who were detained for allegedly fishing in the island nation's territorial waters.
Some 404 houses were handed over to the Indian-origin people, mostly Tamils.
At least one person was killed and 12 others injured on Tuesday when the police opened fire to disperse angry anti-government protestors in Sri Lanka's southwestern region of Rambukkana, officials said.
Delhi finds itself between the rock and hard place in the coming Sri Lankan election, points out Ambassador M K Bhadrakumar.
With an eye on beefing up maritime security, India is negotiating a deal with 24 countries for exchange of neutral merchant shipping data as it rolls out a national hub to tackle all aspects of coastal security to prevent another 26/11-like attack.
Leaders from the seven-nation Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation on Tuesday vowed to jointly combat the growing threat of terrorism, transnational crimes and drug trafficking and agreed to intensify efforts to enhance connectivity and cooperation in areas like trade, energy and environment.
'No prime minister of India is averse to normalise relations with Pakistan, if it is possible to do so without altering our fundamental position on Jammu and Kashmir,' notes Ambassador T P Sreenivasan.
'The intrusion in Chumar, during and beyond the Chinese president's visit, is unprecedented and has qualitatively changed the tone of the India-China relationship,' says Jayadeva Ranade, a member of the National Security Advisory Board.
The second and final part of former cabinet secretary Naresh Chandra's interview to Sheela Bhatt.
'As the first leaders of their respective countries born after Indian Independence and the Chinese Liberation, Modi and Xi would be expected to have the ability to overcome the traditional mindsets and the hierarchical nature of their official/bureaucratic establishments,' say Alka Acharya and Jabin T Jacob.
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