header logo
SLIC
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
Mobitel inner 1278

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
Mobitel 1278
VideoStories
Randoli Perahera lights up streets of Kandy Devotees gather in numbers to witness the procession

Randoli Perahera lights up streets of Kandy Devotees gather in numbers to witness the procession

Over 70% Sri Lankans may back abolishing Executive Presidency; - Ex-Minister GL Peiris on Hyde Park

Over 70% Sri Lankans may back abolishing Executive Presidency; - Ex-Minister GL Peiris on Hyde Park

El Niño Impact: Prolonged dry spell affects 14 districts across Sri Lanka

El Niño Impact: Prolonged dry spell affects 14 districts across Sri Lanka

22nd Constitutional Amendment: Govt. says it has mandate for reforms, ITAK calls for referendum

22nd Constitutional Amendment: Govt. says it has mandate for reforms, ITAK calls for referendum

“Sri Lanka a promising partner for shared growth”  - Indonesian Ambassador to Sri Lanka

“Sri Lanka a promising partner for shared growth” - Indonesian Ambassador to Sri Lanka

Veteran lyricist Ven. Rambukana Siddhartha Thero  laid to rest today

Veteran lyricist Ven. Rambukana Siddhartha Thero laid to rest today

Public pay final respects to the late Nanda Malini Final rites tomorrow

Public pay final respects to the late Nanda Malini Final rites tomorrow

Petitions filed challenging constitutionality of  22nd Amendment Bill increase to 13

Petitions filed challenging constitutionality of 22nd Amendment Bill increase to 13

 Legendary Sri Lankan singer Dr. Nanda Malini passes away at 82

Legendary Sri Lankan singer Dr. Nanda Malini passes away at 82

UN receives public petition against alleged mistreatment of Suresh Sallay

UN receives public petition against alleged mistreatment of Suresh Sallay

Former President Ranil’s facts, data and interpretations are incorrect - Minister Anil Jayantha

Former President Ranil’s facts, data and interpretations are incorrect - Minister Anil Jayantha

Health officials warn public that prolonged heat exposure could be fatal

Health officials warn public that prolonged heat exposure could be fatal

 "Sri Lanka faces new economic crisis after 2028"; Former President Ranil Wickremesinghe warns

"Sri Lanka faces new economic crisis after 2028"; Former President Ranil Wickremesinghe warns

 BASL challenges 22A before SC; calls for full bench to examine the constitutionality of the bill

BASL challenges 22A before SC; calls for full bench to examine the constitutionality of the bill

Govt. ready for public referendum if ordered by SC, 22A Parliament debate in Sept. or Oct. – Nalinda

Govt. ready for public referendum if ordered by SC, 22A Parliament debate in Sept. or Oct. – Nalinda

Lassana Flora