Sri Lankan Government is set to prune capital expenditure of state institutions amounting to Rs. 626 billion while re-working the 2017 budget aimed at fiscal consolidation in the wake of an agreement with the IMF on a 36-month Extended Fund Facility (EFF) for 185 percent of Sri Lanka’s quota in the IMF (about SDR 1.1 billion or US$1.5 billion), state policy makers said.

Sri Lanka’s key international partners, the US and Canada have applauded the Office of Missing Person (OMP) bill getting approved by Sri Lanka’s parliament on Thursday.

As year-on-year bilateral levels surged by 6.3%, overall trade volumes between India and Sri Lanka too has edged towards a historic mark-just $83 million shy of coveted $5Bn threshold.

The United Nations heard that Sri Lanka state officials in have been actively involved in action targeting religious minorities in Buddhist majority Sri Lanka.

The 11-year-old daughter of a detained suspect in the enforced disappearance of journalist Prageeth Ekneligoda has been hospitalized for treatment for severe mental stress.