header logo
Latest
Sri Lanka and India sign MoU to avoid double taxation
Dec 16, 202402:14 PM
Sri Lanka and India sign MoU to avoid double taxation

Sri Lanka and India today exchanged a Memorandum of Understanding (MoU) to avoid double taxation and to train Sri Lankan civil administrators at the Indian National Centre for Good Governance.

 

The signing of the MoU was carried out in the presence of Indian Prime Minister Narendra Modi and Sri Lankan President Anura Kumara Dissanayake, who is on a three-day state visit to India.

 

President Dissanayake held discussions with Indian Prime Minister Narendra Modi today (16) at the Prime Minister’s official residence, Hyderabad House.

 

Following the discussions, Memoranda of Understandings (MoU) on the avoidance of double taxation and capacity building for government officials were exchanged in the presence of the leaders of both countries.

 

During a joint press briefing, President Dissanayake highlighted that he is well aware of the special importance Sri Lanka holds within India’s foreign policy. Prime Minister Modi expressed his delight that President Dissanayake chose India for his first official foreign visit as the President of Sri Lanka.

 

The discussions also focused on strengthening Sri Lanka’s ties with India by establishing electricity grid connections and a multi-product petroleum pipeline. These initiatives aim to provide technical support to Sri Lanka in the areas of physical, digital, and energy infrastructure, marking a new chapter in bilateral relations with a forward-looking vision.

 

Further, both leaders had in-depth discussions on advancing Indian development cooperation projects. This includes support for upgrading the signalling system on the Anuradhapura railway line and upgrading the Kankesanthurai port.

 

Under India’s educational cooperation program, scholarships for 200 students from universities in Jaffna and the Eastern Province are set to be provided monthly starting next year. Prime Minister Modi also agreed to train 1,500 Sri Lankan civil servants in India over the next five years.

 

Additionally, India will collaborate on improving housing, renewable energy, and infrastructure in Sri Lanka, alongside enhancing the agriculture, dairy, and fisheries sectors. President Anura Kumara Dissanayake stated that Sri Lanka will never allow its territory to be used in a way that threatens the security of India and the stability of the region.

 

Under Colombo Security Conclave, the two leaders discussed enhancing collaboration in maritime security, counterterrorism, cyber security, anti-trafficking, combating organized crime, humanitarian assistance, and disaster relief.

 

Prime Minister Modi hosted a luncheon in honour of President Dissanayake. During the meeting, President Dissanayake extended an invitation to Prime Minister Modi to visit Sri Lanka.

 

src=https://scontent.fcmb11-1.fna.fbcdn.net/v/t39.30808-6/470240022_990485823111038_7815620522530699817_n.jpg?_nc_cat=107&ccb=1-7&_nc_sid=127cfc&_nc_eui2=AeGUUQeXaI8ANQlHxJTb0Pzw8LlOrM7SsUnwuU6sztKxSZSq9J1yTXmpJPWqdzSlkE_yrny25jne7OzwFcLwioGl&_nc_ohc=UwK3ASABioEQ7kNvgFkoa0e&_nc_zt=23&_nc_ht=scontent.fcmb11-1.fna&_nc_gid=AnFJ15pI7aMoWmSWGCMK0UU&oh=00_AYBR-bJ2_knPekFLtDPmXW87ItLD8xdRWe_mJMxBcJ4rVA&oe=676606B1

 

src=https://scontent.fcmb11-1.fna.fbcdn.net/v/t39.30808-6/470201257_990485826444371_3918562275117906410_n.jpg?_nc_cat=101&ccb=1-7&_nc_sid=127cfc&_nc_eui2=AeFtqHTL4-ZOXJvnhuDDxE5HhDzTCb8nswuEPNMJvyezC1qOe0MoSflcE6Tr-RYy7aiXhTzMg6qzSRELZsc2RjaU&_nc_ohc=rDoR1VzmZXMQ7kNvgG59rHs&_nc_zt=23&_nc_ht=scontent.fcmb11-1.fna&_nc_gid=AAbXtThZllaiJiWjRR0dcYB&oh=00_AYDblnBQ-Aiczj_bDhnSRPbUyA5HPkDp25haFggp6gA_hQ&oe=6765FEFA

 

 

 

MostRead
Mob
VideoStories
“Preserving the Himalayas, a global responsibility”  Nepal Embassy celebrates Int'l Sagarmatha Day

“Preserving the Himalayas, a global responsibility” Nepal Embassy celebrates Int'l Sagarmatha Day

“Sri Lanka is facing a massive economic crisis” Sajith urges govt. to act decisively (English)

“Sri Lanka is facing a massive economic crisis” Sajith urges govt. to act decisively (English)

"Fuel price hike relatively minor" Consumption must be reduced to prevent further hikes – Minister

"Fuel price hike relatively minor" Consumption must be reduced to prevent further hikes – Minister

Colombo streets illuminated with lanterns and pandols  as Sri Lankans celebrated Vesak festival

Colombo streets illuminated with lanterns and pandols as Sri Lankans celebrated Vesak festival

Derana’s 24-hour ‘Vesak Dansala’ concludes successfully; 40,000 devotees participate in the event

Derana’s 24-hour ‘Vesak Dansala’ concludes successfully; 40,000 devotees participate in the event

“SL must be prepared to implement reforms”; GSP+ facility key for exporters to access EU market

“SL must be prepared to implement reforms”; GSP+ facility key for exporters to access EU market

Fuel prices increased again; Bus operators demand 5% fare hike, Tuk fare also likely to go up

Fuel prices increased again; Bus operators demand 5% fare hike, Tuk fare also likely to go up

Massive turnout as Derana’s 24-hour Vesak Dansala kicks off at Independence Square in Colombo

Massive turnout as Derana’s 24-hour Vesak Dansala kicks off at Independence Square in Colombo

Sri Lankans commemorate Vesak Poya; devotees invoke blessings island-wide

Sri Lankans commemorate Vesak Poya; devotees invoke blessings island-wide

Sarvajana Balaya hosts a dansala in Borella under the patronage of MP Dilith Jayaweera

Sarvajana Balaya hosts a dansala in Borella under the patronage of MP Dilith Jayaweera

Sri Lankans to celebrate Vesak Festival tomorrow with pandals, Dansal and lanterns

Sri Lankans to celebrate Vesak Festival tomorrow with pandals, Dansal and lanterns

Sri Lanka offers a ‘Full Package’ for investors – PM Harini says

Sri Lanka offers a ‘Full Package’ for investors – PM Harini says

Derana’s 24-hour Vesak Dansala to commence tomorrow at Independence Square in Colombo

Derana’s 24-hour Vesak Dansala to commence tomorrow at Independence Square in Colombo

MPs who change political parties do not deserve parliamentary seats – Dy Minister

MPs who change political parties do not deserve parliamentary seats – Dy Minister

Opposition accuses Bribery Comm's DG of overstepping authority, pursuing political agenda

Opposition accuses Bribery Comm's DG of overstepping authority, pursuing political agenda

Ada Derana Sinhala