Clara Mary lights an oil lamp in her one-room shack, revealing a 14-inch color television sitting on a blue plastic chair that she hasn’t been able to turn on since the Tamil Nadu government gave it to her three years ago.
Sri Lanka’s deepening economic ties with China offer it a cushion from any measures aimed at pressuring the South Asian country into cooperating with investigations into alleged crimes during its civil war.
Sri Lanka’s public spending to build roads, ports and power plans will help spur growth in the island’s rural areas, President Mahinda Rajapaksa said at the swearing-in ceremony of his second term in the capital Colombo today.
Sri Lanka’s economy must sustain growth for several years to fully recover from civil war and for development to benefit the island’s rural population, President Mahinda Rajapaksa said in Colombo today.
Sri Lanka said it will cut taxes on banks and builders, adopt an inflation target and ease foreign- exchange rules to accelerate growth and curb prices in the South Asian nation emerging from a 26-year civil war.