News Today
Trade deficit declines in first seven months
The Sri Lankan economy performed strongly during the second quarter of 2014 with a real GDP growth of 7.8 percent compared to the 7.6 percent in the first quarter of 2014.

The growth in the second quarter was led by robust performance in the Industry sector, while the Agriculture and Services sectors complemented the overall economic performance.

The growth of 7.7 percent in the first half of 2014 augurs well in meeting the expectations for the year.

The low inflation environment continued as inflation remained benign in August 2014 with year-on-year headline inflation at 3.5 percent and core inflation at 3.9 percent.

 



News Today
NIA to seek custody of ISI suspect again
National Investigation Agency officials have planned to seek custody of suspected ISI agent Arun Selvarajan again since their six-day interrogation has not yielded anything substantial.

NIA officials said Selvarajan did not cooperate with the investigation officers.

NIA sleuths arrested Selvarajan on September 10th from a hideout in Chennai in connection with his suspected involvement with ISI agents Shaji and Siddiqui in Sri Lanka.

NIA officials had sought the special court's permission to interrogate Selvarajan in their custody last week and the court allowed six days custody.