Subramanian Swamy, Indian Army Chief to arrive in SL

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Colombo, Oct 12 | In a display of major diplomatic ties between Sri Lanka and India, BJP MP Subramanian Swamy and Indian Army Chief General Manoj Mukund Naravane will arrive in the island nation on Tuesday.

Swamy, during his two-day visit, will participate in the Navratri festival hosted by Prime Minister Mahinda Rajapaksa at Temple Trees, the latter’s official residence in Colombo.

He is also slated to meet Fisheries Minister Douglas Devananda and will address a forum at the Institute of National Security Studies of the Defence Ministry.

Meanwhile, General Naravane, who will be accompanied by a five-member delegation, is visiting the island nation on an invitation by the Sri Lankan Army Commander, General Shavendra Silva.

During his stay, General Naravane will meet President and Commander-in-Chief of the Armed Forces, Gotabaya Rajapaksa, the Prime Minister, Defence Secretary General Kamal Gunaratne (Retd), High Commissioner of India to Sri Lanka Gopal Baglay and the heads of the tri-forces among others.

Having served in the Indian Peace Keeping Force (IPKF) in Sri Lanka during 1987 to 1990, the army chief will pay floral tributes at the IPKF War Heroes in Colombo.

General Naravane will witness the final demonstration of the ongoing bilateral Exercise ‘Mitra Shakti’ at Maduru Oya Special Forces Training School in Ampara.

Held from October 4 to 15, the 8th Edition of the India-Sri Lanka bilateral joint exercise ‘Mitra Shakti’ is underway at the Combat Training School, Ampara, in the Eastern province.

An all arms contingent of 120 personnel of the Indian Army is participating in the exercise along with a battalion of the Sri Lankan Army.

The aim of ‘Mitra Shakti’ is to promote close relations between armies of two South Asian nations and enhance inter-operability and sharing best practices in counter insurgency and counter terrorism operations.

The exercise will involve tactical level operations at sub unit level in an international counter insurgency and counter terrorism environment and is to act as a catalyst in bringing synergy and cooperation at grass root level between both Armies.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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