The Reserve Bank of India (RBI), on Wednesday, allowed star trading houses (STH) and premier trading houses (PTH) to import gold under the 20:80 scheme. This follows representations made by jewellers and bullion dealers over the last several months. In August 2003, the RBI banned import of gold through star trading houses which led to a rise in the parallel market, resulting in high premiums.
Constituents of 29-party National Democratic Alliance (NDA) on Tuesday chose Narendra Modi as their leader hailing him as “strong” personality with “extraordinary capabilities” under whom the country will prosper and attain a major stature in the world.
Replying to a question asked by Hudson Samarasinghe, SLBC Chairman on Monday (19) Dr. Subramanium Swamy,(former Minister and Member of BJP-India) representing BJP reiterated that the newly elected BJP government is keen to have close relationship with Sri Lanka.
Macksons Properties (Pvt) Ltd the newest business venture of Macksons Holdings entered into an agreement with the BOI Sri Lanka recently for the development of a 100 room luxury service apartment project in the heart of Colombo 3. This agreement was signed by the Chairman of the BOI, Dr. Lakshman Jayaweera and the Deputy Chairman of Macksons Properties, Milfer Makeen in the presence of the Minister of Investment Promotions, Lakshman Yapa Abeywardena, the Deputy Minister Faiszer Musthapha, the Managing Director of Macksons Properties, Mizver Makeen and the Chief Executive Officer, Mr. Ranga Goonawardena.