The Lanka Academic

JUNE 28, 2010 EST, USA
VOL. 11, NO. 83


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Headline Summary
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IMF Approves 3rd Tranche of $2.6 Billion Sri Lanka Loan, June 29. COLOMBO (Reuters) - The International Monetary Fund said on Tuesday it had approved the disbursement of the delayed third tranche of a $2.6 billion loan to Sri Lanka.

The global lender in February had delayed the third tranche after the government missed its 2009 deficit reduction targets and said that domestic budget borrowing -- consistent with a deficit target of 7 percent of gross domestic product -- was exceeded by a substantial amount.

"Overall economic conditions in Sri Lanka are improving and the economy is likely to show strong growth this year," Naoyuki Shinohara, Deputy Managing Director and Acting Chair, said in a statement after the Fund's Executive Board completed a second and third reviews of Sri Lanka's economic performance. More...Discuss this story
Published: Mon Jun 28 21:38:10 EDT 2010

China and India competing over Sri Lanka
Japan Times, June 29. LONDON — The recent visit of Sri Lankan President Mahinda Rajapaksa to New Delhi appeared successful. India and Sri Lanka signed a range of agreements including loans for major infrastructure projects, sharing of electricity and cultural exchanges. India has extended a $200 million credit line to assist in setting up the NTPC-CEB Joint Venture thermal power plant (500 MW) at Trincomalee.

The two nations decided to set up an annual defense dialogue and increase high-level military exchanges. A treaty on mutual legal assistance in criminal matters and an understanding on sentenced prisoners was agreed upon. More...Discuss this story
Published: Mon Jun 28 21:37:12 EDT 2010 Back to the top

Religion brings MP, Sri Lanka together
IE, June 29. Sri Lanka and Madhya Pradesh have found common ground in religion. More precisely, each other’s predominant religion. Both are trying to develop religion tourism and hope to attract tourists from each other’s territory because Sri Lanka has sites associated with Ramayana, and MP is home to Buddhism’s revered sites like Sanchi. Incidentally, MP is itself tracing Rampath, a route Lord Rama took through the central Indian state on his way to exile. More...
Published: Mon Jun 28 21:40:05 EDT 2010 Back to the top

Sri Lanka May Focus on Reducing Budget Gap After Civil War Ends
bloomberg, June 29. June 29 (Bloomberg) -- Sri Lanka’s budget will aim to cut the fiscal deficit and provide incentives for investments, Deputy Finance Minister Sarath Amunugama said, as the island nation seeks faster growth after the end of a 26-year civil war... Back to the top

Blasphemy trial of author to resume
Daily News, June 29. THE blasphemy trial of a Bahrain author resumes in a Sri Lankan court tomorrow... Back to the top

'India's views matter, don't care about the world'
TOI, June 27. Lankan President Mahinda Rajapaksa recently spoke to TOI in an exclusive interview about India and its concerns, his troubled ties with the internationacommunity, especially the United Nations, and the constitutionachanges he proposed... Back to the top

Norway says surrendering rebels killed in Sri Lanka
afp, June 27. COLOMBO: Sri Lanka’s former peace broker Norway arranged the surrender of leading Tamil Tiger rebels who were later found shot dead, according to international development minister Erik Solheim... Back to the top

Sri Lanka s Wartime Abuses, 28 June 2010. Sri Lankan President Mahinda Rajapaksa, both famous and infamous for his government’s May 2009 military victory over the 25-year Tamil Tiger insurgency, was in India earlier this month... Back to the top

Insist SL to settle Tamil issue: Karuna to Centre
PTI, june 27. Coimbatore, Jun 27 (PTI) DMK president and Tamil Nadu Chief Minister M Karunanidhi today said Tamils in Sri Lanka were put to "untold sufferings" and urged the Centre to insist on the island nation to settle "once and for all" the problem faced by them in that country... Back to the top

On battlefields of Jaffna, a new roar: cricket
IE, june 27. The ruins of a once majestic fort built by the Dutch may be a testimonial to the three decades of civil war that this region has seen, but Jaffna now is on the path of rebuilding... Back to the top

Indian navy chief in lanka, may visit IPKF memorial
HT, june 27. In the first such high-profile visit since 2004, Indian navy chief Admiral Nirmal Verma arrived in Colombo on Sunday for five-day official tour... Back to the top

Howard looks to do some number crunching as ICC vote looms
SMH, June 27. JOHN HOWARD'S nomination for the ICC vice-presidency will be settled by Wednesday, with the 10 member nations to decide whether the former Australian prime minister is the first regional candidate to be rejected for the job by the board... Back to the top

Tamils should have autonomous state within united Lanka: CPIM
IE, June 27. CPI-M Parliamentary Party leader Sitaram Yechury has said that Sri Lankan Tamils should have an autonomous state within a united Sri Lanka... Back to the top

India, Lanka to set up Buddhist varsity near Sanchi
HT, June 27. India and Sri Lanka will jointly set up the first international Buddhist University near Sanchi to boost cultural and educational ties... Back to the top

Sri Lanka Cricket halts foreign league
AFP, June 27. Sri Lanka Cricket on Sunday barred its players from participating in overseas domestic leagues including Australia's Big Bash until the World Cup next year... Back to the top

A recollection on world Tamil meets
Hindu, june 27. The idea of forming the International Association of Tamil Research (IATR) took shape when most of the Tamil scholars attended the South Asian Linguistic Conference held in New Delhi... Back to the top

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