India monitors projects in the Eastern province

The High Commissioner was the Chief Guest at the convocation ceremony of Eastern University, Batticaloa and addressed the gathering.He also paid respects to the Gandhi statue at Batticaloa. He met representatives of the TNA from the Eastern Province and had a brief discussion with a delegation from various Mosque Federations. Other projects undertaken by India in the social sector include construction of surgical unit in teaching Hospital Batticaloa, Upgradation of Swami Vipulananda Aesthetic School in Batticaloa, construction of 3400 toilets in Batticaloa District, and Model village in all three districts.India’s overall commitment of assistance to Sri Lanka for people-oriented development partnership projects stands at a total of around US$ 3 billion, out of which US$ 550 million is pure grant assistance. (Colombo Gazette) The Indian High Commissioner to Sri Lanka, Taranjit Singh Sandhu, visited the East and inspected some of the projects undertaken by India in the Eastern Province.In a special ceremony in Batticaloa, the High Commissioner dedicated houses built under the Indian Housing Project in Batticaloa for possession by beneficiaries. The Government of India has committed a total of 4000 houses in the Eastern Province. This is in addition to 42000 houses built under grants by Government of India in the North and 14000 currently constructing also under grants in the Upcountry. Under the project, SEWA has trained 40 war affected/destitute women trainees from Batticaloa District. These women were trained in various vocational subjects such as Textiles and Garments; Surface Ornamentation; Agro food processing; Computers; Enterprise Development; Solar lantern and Roof rain water harvesting. The High Commissioner also visited the Trade Facilitation Center by first ever cooperative society of war affected women in the eastern province in Kallady.Self Employed Women’s Association (SEWA) –an Indian based community based organization, with the grant assistance of LKR 197 million from the Government of India has executed the project.The objective is to empower war affected women by building their capacities in vocations, leadership, entrepreneurial and management skills by setting up Trade Facilitation Center and Community Learning Centre in Batticaloa and Ampara, which helps them to provide skills and value chain support to provide livelihood opportunities. Earlier during his visit to Trincomalee, the High commissioner met the Governor of Eastern Province, addressed the gathering of Eastern Province officers and took blessings at ThiruKoneswaran Temple. read more

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Greek shortterm borrowing costs tumble after return to bond market

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by The Associated Press Posted Apr 15, 2014 4:23 am MDT Greek short-term borrowing costs tumble after return to bond market ATHENS, Greece – Greece’s borrowing costs in a short-term debt sale have tumbled, days after the country returned to the international bond markets.The interest rate on a 13-week treasury bill issued Tuesday fell to 2.45 per cent, compared with 3.1 per cent for a similar issue last month, according to the public debt management agency.Greece raised 1.625 billion euros ($2.25 billion) in Tuesday’s sale, which was 2.73 times oversubscribed.After being locked out of the international bond market for four years by excessively high interest rates, Greece sold its first five-year bond since 2010 last week. The auction was eight times oversubscribed, and the country raised 3 billion euros at a 4.95 per cent yield.Athens has been relying on international bailout funds worth 240 billion euros since nearly going bankrupt in 2010. read more

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