
India-Sri Lanka defence dialogue discusses enhancing maritime security
Live Events
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
India and Sri Lanka explored ways to further expand their bilateral defence cooperation , especially in areas of maritime security , the island nation's defence ministry said.The deliberations took place at the Sri Lanka-India Defence Dialogue held in Colombo on Thursday.It was the first high-level meeting after India and Sri Lanka signed the first ever defence partnership on April 5.A statement from the Defence Ministry said that the Sri Lankan delegation was led by Defence Secretary Air Vice Marshal Sampath Thuyacontha (Retd), while the visiting Indian Defence Secretary Rajesh Kumar Singh led the Indian delegation."The high-level dialogue focused on strengthening bilateral defence cooperation, enhancing maritime security, and exploring new avenues for collaboration in training and strategic engagement," the statement said.Senior officials from both sides participated in the discussions, reaffirming the longstanding defence partnership between Sri Lanka and India, it said.The Indian Defence Secretary also met the Deputy Minister of Defence, Major General Aruna Jayasekara (Retd) and Thuyacontha separately.On April 5, India and Sri Lanka signed the first-ever defence partnership agreement -- firmed up during talks between visiting Prime Minister Narendra Modi and Sri Lankan President Anura Kumara Dissanayake -- signalling a major boost the the bilateral defence ties nearly four decades after the Indian Peace Keeping Force's intervention in the island nation strained the relations.The agreement will institutionalise the existing military engagement and pave the way for more structured cooperation including potential collaboration in the defence industrial sector, Foreign Secretary Vikram Misri had said then. PTI
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Hindu
an hour ago
- The Hindu
Indian women care-giving activities up to 8 times that of men: report
The female labour force participation rate (LFPR) in India is significantly below the male participation rate and a major reason for this is that women in India bear a disproportionate responsibility for domestic and care-giving activities which is upto 8 times than that of men, according to a report by Goldman Sachs Research. The report 'India Womenomics': A Step Forward in a Long Journey Ahead', assesses the current employment status of women in India and explores opportunities that lie ahead. A series of Goldman Sachs research reports have explored the 'Womenomics' theme, assessing the impact of female labour force participation on long-term economic growth across different geographies over the past 26 years. According to the report, over the next two decades, India is uniquely positioned to reap dividends from favourable demographics. A large share of the population will enter their working age years and India's age-dependency ratio will be one of the lowest among major economies. Nevertheless, the female labour force participation rate (LFPR) in India is significantly below the male participation rate and also below these rates in other major developed and emerging economies. 'To capitalize on this 20-year window of favourable demographics, it is imperative, in our view, for India to create employment opportunities for women and increase their participation in the labour force. We have earlier estimated that increasing the overall labour force participation rate to previous peak levels can add by 1 pp to India's potential growth, all else constant,' it said. Though disproportionate responsibility for domestic and care-giving activities was one of the key reasons for women's low participation in the labour force, other reasons include horizontal inequalities such as early marriage, prevailing social norms that limit the occupational choices for women, crime incidents that deter women from working away from their residence, a lack of robust public transport connectivity and having fewer women role models. The report notes that with lots of ground to cover to bridge the gender gap, there have been a number of initiatives taken by successive Indian governments, focused on promoting education, well-being and access to basic amenities for women. Partly as a result of these initiatives, the status of women in India is gradually improving and there has been an uptick in women's participation in the labour force. A robust network of childcare centers and enabling an elder care ecosystem would free up women's time for paid employment opportunities elsewhere and create greater employment opportunities for the 'care work' services sector. It quotes from a report by the ILO which states that direct public investment amounting to 2% of GDP in the 'care economy' could create over 11 million jobs in India, of which 43% to 74% would be for women. On a brighter side, the report notes that as per the Indian statistical office, the share of self-employed women (who run enterprises on their own, as a partnership, and/or employ others) has risen by 11pp (percentage point) from 2017-18 to 2023-24. Over the same period, the share of self-employed women, who were not remunerated (who help in a household enterprise) also rose by 5pp. Various initiatives focused on financial inclusion, greater digitization, improvement in infrastructure, and the development of enhanced skills have also contributed to rising self-employment among women, the report says.


Time of India
an hour ago
- Time of India
PM Modi accepts invite to G7 meet after Canada PM calls
NEW DELHI: In a dramatic turn of events, Canadian PM Mark Carney called PM Modi and invited him for the G7 summit that begins eight days from now at Kananaskis in Alberta. Modi accepted the invitation and said he was looking forward to meeting him at the summit. Tired of too many ads? go ad free now The announcement by Modi on X followed almost a week of suspense over his participation because of a lack of invitation, drawing barbs from the opposition about his possible exclusion from the summit. India is not a member of G7 but Modi has been invited for all summits since 2019. Modi congratulated Carney on his poll win and thanked him for the invitation. In first foreign trip after Sindoor, PM likely to highlight Pak's terror export As vibrant democracies bound by deep people-to-people ties, India and Canada will work together with renewed vigour, guided by mutual respect and shared interests," Modi posted on X. Without elaborating, a Canadian readout said that "importantly, there was agreement to continued law enforcement dialogue and discussions addressing security concerns". Modi and Carney, who was sworn in as PM in March and won federal elections the next month to cement his position, have pledged to rebuild the relationship that was left tottering by former PM Justin Trudeau's allegation of India's complicity in the murder of pro-Khalistan separatist and Canadian national Hardeep Singh Nijjar. New Delhi has rejected the allegation saying Ottawa hasn't provided any evidence to back its claim. The Indian govt will hope that Canada will ensure enough security to not allow Sikh separatist groups, who had been applying pressure on Carney to not invite Modi, to disrupt the visit. India's official position remains that the main issue with Canada is the leeway provided to Khalistan backers to carry out anti-India activities. Tired of too many ads? go ad free now For India to engage in any serious effort to rebuild the relationship, foolproof security for the country's diplomats, along with a crackdown on extremists and secessionists who seek to hurt Indian interests, is of paramount importance. Modi had last visited Canada in 2015. While the two countries are also said to be considering reappointing high commissioners, both Canadian and Indian authorities maintain they are looking at repairing ties one step at a time. Asked about the Nijjar investigations, Canadian foreign minister Anita Anand said last week that while the rule of law will never be compromised, Canada is looking forward to continuing to build this partnership. "The two leaders discussed the longstanding relationship between Canada and India, including deep people-to-people ties and significant commercial links,'' said the Canadian readout. The summit will also see Modi coming face to face with US President Donald Trump for the first time since their bilateral meeting in Washington in February this year. This will be Modi's first visit abroad since the military conflict with Pakistan and the PM is likely to use the opportunity to highlight India's concerns about Pakistan's continued support to cross-border terrorism and India's use of force to prevent terrorist attacks.


United News of India
an hour ago
- United News of India
RBI cuts repo rate by 50 bps to 5.50 pc
Mumbai, June 6 (UNI) The Reserve Bank of India (RBI) on Friday in its second bi-monthly monetary policy of FY26. cut the repo rate by 50 basis points (bps) to 5.50 pc from 6.00 pc earlier. This is the central bank's third consecutive repo rate cut. RBI Governor Sanjay Malhotra-led Monetary Policy led committee decided to cut the Cash Reserve Ratio (CRR) by 100 basis points (bps) to 3% from 4% earlier releasing Rs 2.5 lakh crore of lendable resources to the banking system. The MPC also decided to change the policy stance to 'Neutral' from 'Accommodative' in a bid to support economic growth. This RBI's rate cut decision is expected to stimulate borrowing and investment, leading to a higher growth rate. The policy panel retained growth estimate at 6.5 per cent but projected a lower inflation of 3.7 per cent in the current fiscal. Malhotra asserted that the global backdrop remains fragile, and trade projections have been revised downwards, but the Indian economy is progressing well despite the global uncertainties. "India's strength comes from the strong balance sheets of the five major sectors. The Indian economy offers immense opportunities to local and foreign investors. We are already growing at a fast rate. We aspire to grow faster," he said. Inflation has softened significantly, the RBI Governor said, and the near-term and medium-term outlook exudes confidence. Food inflation outlook remains soft, and core inflation is expected to remain benign. The RBI also projected that retail inflation for the current financial year would be 3.7% against its April projection of 4%. Government data shows it fell to 3.16% in April from 3.34% in March, remaining within the RBI's comfort level. The various economic indicators remain strong, with the RBI Governor pointing to a gradual rise in discretionary spending and healthy private consumption. Industrial activity is gaining gradually while the services sector is likely to maintain momentum, he said. Rural demand remains steady while urban demand is improving, he added. The RBI kept the Gross Domestic Product (GDP) growth projection unchanged at 6.5% in the current financial year. The quarterly projections are: 2.9% (April-June), 3.4% (July-September), 3.9% (October-December), and 4.4% (January-March). The Central bank also reduced the cash reserve ratio (CRR) by 100 bps and said it will release Rs 2.5 lakh crore of bank funds. CRR refers to the percentage of total deposits that banks must hold in liquid form with the RBI. India continues to be an attractive investment destination, assured Mr Malhotra, adding that the forex reserves stand at $691 billion, which is sufficient to fund more than 11 months of goods imports. UNI JS PRS