
Sri Lanka to extend its visa-free travel policy for 40 countries; India also on the list
The news was confirmed by Sri Lanka's Foreign Affairs and Tourism Minister Vijitha Herath during the inauguration of the 'Hotel Show Colombo 2025'.
As of now, there were only seven countries, including India which were allowed visa-free entry in Sri Lanka. The decision comes after the cabinet approved to expand the list to 40 countries. However, the Government of Sri Lanka will have to suffer an annual revenue loss of USD 66 million because of visa fee waiver, mentioned the minister.
But he also said that indirect economic benefits from increased tourist footfall would be more than the loss.
The initiative aims to boost tourism as part of Sri Lanka's economic recovery following the COVID-19 pandemic and the 2022 financial crisis. 'We have stabilised the economy, and through policy changes in tourism, we aim to ensure steady growth in arrivals,' the minister said.
The visa waiver is one of the well-planned strategic moves to boost the economy of the country.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Salma Hayek, 58,Shows Her Huge Size In New Photos
Boite A Scoop
Undo
Earlier, visa fee waivers were limited to seven countries, including China, India, and Japan. The trial phase began in March 2023 and it was deemed successful.
Following the success, the Cabinet has decided to extend the policy to 40 more countries, to attract worldwide travellers.
New List of countries:
United Kingdom of Great Britain and Northern Ireland
Federal Republic of Germany
Kingdom of the Netherlands
Kingdom of Belgium
Kingdom of Spain
Commonwealth of Australia
Republic of Poland
Republic of Kazakhstan
Kingdom of Saudi Arabia
United Arab Emirates
Federal Democratic Republic of Nepal
People's Republic of China
Republic of India
Republic of Indonesia
Russian Federation
Kingdom of Thailand
Federation of Malaya
Japan
Republic of France
United States of America
Canada
Czech Republic (Czechia)
Republic of Italy
Swiss Confederation (Switzerland)
Republic of Austria
State of Israel
Republic of Belarus
Islamic Republic of Iran
Kingdom of Sweden
Republic of Finland
Kingdom of Denmark
Republic of Korea
State of Qatar
Sultanate of Oman
Kingdom of Bahrain
New Zealand
State of Kuwait
Kingdom of Norway
Republic of Türkiye
The Free Visa policy is already for 7 nations, including India, China, Indonesia, Russia, Thailand, Malaysia, and Japan. Now, these countries are also now part of the list.

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


Mint
14 minutes ago
- Mint
Motilal Oswal calls current market phase the 'middle overs' — Time for strategy, not aggression
India's market journey has moved into a consolidation phase resembling the 'middle overs' in a cricket match, according to the July 2025 Alpha Strategist report by Motilal Oswal Private Wealth (MOPW). Drawing a cricketing analogy, the firm likens the current investment environment to a high-scoring pitch with stable macro fundamentals, and suggests investors focus on strategy and discipline rather than aggressive plays during this phase. MOPW says the earlier Mar–Apr 2025 correction served as the 'PowerPlay overs,' where entry points offered attractive value, resulting in quick gains over the following three months. However, post-rebound, the markets have entered the "middle overs" — a period where investors should aim to rotate strike rather than go for sixes. This means accumulating quality assets, managing risk carefully, and positioning portfolios for long-term performance rather than chasing short-term momentum. The report underlines that this phase in markets calls for patience and careful navigation, just as middle overs in cricket require intelligent shot selection and steady run accumulation. Blind aggression, it warns, could be counterproductive at this stage. MOPW highlights that global equity markets have witnessed divergent trends in 2025, with geopolitical uncertainty dominating the first half of recent months. However, in the latter half, a relative sense of calm returned despite tensions between Iran and Israel and the temporary disruption of oil flows through the Strait of Hormuz. Notably, crude oil prices, after spiking briefly, resumed a downward trend — a sign of the global economy's reduced dependence on the Middle East. In the US, concerns are rising over a widening twin deficit. The 'Big Beautiful Bill' is expected to push the fiscal gap wider by USD 3.3 trillion over the next decade, with the current account deficit projected to exceed 6 percent — levels last seen in 2006. While trade agreements with partners like India and the EU are underway, MOPW notes that delays in negotiations may extend uncertainty into the next quarter. On the domestic front, MOPW remains constructive on India's outlook, with positives such as robust services exports, Production Linked Incentive (PLI) payoffs, and Free Trade Agreements (FTAs) offsetting global headwinds. Benign crude prices are also acting as a macro stabiliser. The country's GDP is expected to grow between 6.2–6.7 percent, driven by government spending and resilient consumption. However, near-term high-frequency data presents a mixed bag. GST collections grew in single digits in June, while IIP slowed to 1.2 percent in May from 2.7 percent in April. In contrast, manufacturing and services PMIs hit multi-month highs, showing sectoral resilience. Foreign Institutional Investor (FII) flows have remained modestly positive over the past three months, but equity mutual fund flows have decelerated. Historical data suggests that in nearly 90 percent of instances, negative FII flows have coincided with negative monthly equity returns, even if Domestic Institutional Investors (DIIs) continued to buy. Meanwhile, valuations across sectors and market caps have risen sharply, calling for more selective allocation. Equities: The equity allocation strategy remains neutral with a suggested mix of 65 percent in large caps and 35 percent in mid- and small-cap stocks. For under-allocated investors, the firm recommends considering lump-sum allocations to hybrid funds. In the case of pure equity categories, staggered investments via SIPs or STPs are advised to manage market volatility effectively. Fixed Income: With the Reserve Bank of India proactively easing policy and ensuring adequate liquidity, the yield curve has steepened. MOPW suggests an overweight position on accrual strategies across credit categories, including Private Credit Strategies, InvITs, and select NCDs. Arbitrage funds, income-plus-arbitrage Fund of Funds, and conservative equity savings strategies may also be considered as tax-efficient fixed income alternatives. However, with limited room for further capital appreciation in long-duration bonds, the report advises gradually reducing exposure to 10–15 year duration strategies. Gold & Silver: The stance on gold remains neutral, while silver is seen as a tactical bet rather than a substitute for gold. The report cautions investors not to treat silver as a safe-haven hedge in the same way as gold. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.


News18
38 minutes ago
- News18
Kerala to showcase R&D strength with science-industry summit
Thiruvananthapuram, Jul 30 (PTI) The Kerala State Council for Science, Technology and Environment (KSCSTE) will host the first R&D Summit here on August 7, bringing together the state's top research minds, industries, and policy-makers on a single platform. The summit aims to connect groundbreaking research outputs from the R&D institutions under the Science and Technology Department with real-world market needs. Chief Minister Pinarayi Vijayan will inaugurate the event, which features presentations, one-on-one B2B sessions, storytelling case studies, and the formal signing of Expressions of Interest (EOIs) to foster collaborations beyond the summit. From technologies and prototypes to policy tools and services, the event will focus on identifying innovations that can be commercialised, scaled, or applied to solve pressing societal challenges, an official statement said here on Wednesday. K P Sudheer, Executive Vice President of KSCSTE, said the summit serves as a strategic platform to bring together and connect key stakeholders, including enablers, investors, institutions, and industries. The objective is to engage with the research and development outputs of Kerala's R&D institutions, translating innovations into solutions that benefit the wider public, he said. 'Our focus is on making research visible, actionable, and impactful. The summit is a platform for ideas to travel from lab to land, and from researchers to real users," Dr A Sabu, Member Secretary of KSCSTE, said. The R&D Summit 2025 will showcase technologies, products, services, and policy frameworks under three thematic categories — Technologies/Products, Service Portfolios, and Policy Innovations, the release said. Each institution will pitch its most promising innovations, followed by reverse pitching from industry stakeholders to express their operational needs. Stakeholders from across sectors, including Kerala Startup Mission, KSIDC, Directorate of Industries, public universities, business incubators, MSMEs, and venture capital firms are expected to participate, it said. The summit will also serve as a policy dialogue platform to enhance Kerala's ecosystem for research commercialisation and public-oriented science, the statement added. PTI LGK KH view comments First Published: July 30, 2025, 12:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


News18
an hour ago
- News18
Govt taking steps to curb cyber crimes: Scindia
Agency: PTI New Delhi, Jul 30 (PTI) The government is taking various measures, including setting up Digital Intelligence Platform, to curb cyber crimes and international spoof calls have also come down, Union Communication Minister Jyotiraditya Scindia said on Wednesday. He told the Lok Sabha that the communications and home ministries have taken four to five major measures to deal with cyber crimes. The Digital Intelligence Platform (DIP) brings various stakeholders together. It has coopted 620 institutions, including 570 banks, police institutions of 36 states and investigating agencies, Scindia said during the Question Hour. Elaborating on the measures taken, the minister also said that international spoofed calls have come down by 97 per cent. A Fraud Risk Indicator (FRI) software is being used wherein the data about individuals doing fraud with banks are categorised into various categories. The details are provided to all the banks and the transaction of such individuals are blocked, he said. Responding to a supplementary question, Scindia said state-owned BSNL and MTNL are back on the road to recovery. The minister mentioned about the review meeting of BSNL this week and said a business plan will be prepared, especially for each business circle. PTI RAM DV DV (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 30, 2025, 12:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.