Finance and Economy

The SCL Act, which covers 63 items, imposes taxes at high rates on staple foods such as rice, potatoes, and maize. Critics argue that while these taxes protect domestic agriculture, they also make basic foods costly, exacerbating malnutrition among poor families.

The spokesperson said that Bangladesh and Pakistan have pledged to fortify their bilateral relations, exploring new avenues of cooperation in trade, commerce, culture, and health.

The panel discussion underscored the critical importance of accurately measuring poverty in India, not just as an academic exercise but as a foundational step toward addressing systemic inequities.

By fostering innovation, collaboration, and market expansion, the national-level multi-state cooperative societies and NUCFDC aim to drive economic growth, empower farmers and cooperatives, and establish India as a global leader in cooperative products and services.

The regime’s kleptocratic system of ruling by plunder and favour to its cronies has contributed to accelerated wealth and income gaps as well as relative deprivation.

Highlighting positive economic indicators, the Prime Minister noted that the reduction in the policy rate would provide much-needed relief to businesses and investors.

President Dissanayake’s first official foreign trip since taking office in September 2024, underscored his commitment to deepening ties with India, especially as Sri Lanka seeks to rebuild after its economic crisis in 2022.

Sri Lanka plans to revise the draft bill on stolen asset recovery, a move aimed at strengthening mechanisms to retrieve illicitly acquired funds hidden domestically and abroad.