Global Outlook

 In a historic development that signifies the strengthening of ties between two South Asian neighbors, India and Sri Lanka are set to launch a ferry service that is being hailed as a pivotal moment in their diplomatic relations. Indian Prime Minister Narendra Modi , who is known for his commitment to bolstering regional cooperation, lauded this initiative, calling it the beginning of a new diplomatic chapter in the bilateral relationship. The India-Sri Lanka ferry service, set to operate between the southern Indian city of Kochi and Colombo, the capital of Sri Lanka, promises to enhance trade, tourism, and people-to-people connections between the two countries. The service is expected to facilitate more convenient travel for tourists, businesspersons, and individuals from both nations, while also promoting cultural exchange. The economic significance of this initiative cannot be overstated. Improved connectivity between the two countries will boost trade and investment, promoting e...

 Cash-strapped Sri Lanka has announced plans to halve its military by 2030 as part of efforts to cut costs in light of the country's financial crisis. Under new proposals, the number of approved military personnel would be reduced from 200,783 to 135,000 by 2024, and further reduced to 100,000 by 2030. There are also plans to modernize the defense force by making it technically and tactically sound. Experts have welcomed the downsizing move, saying it could result in better long-term security "if done the right way." They believe reduced expenditure on wages would introduce more economic stability and help the country focus on getting out of its financial crisis. However, they have also warned that downsizing has to be done strategically to support efforts to get out of the crunch. Downsizing the military would not be done "haphazardly", said Army spokesman Brigadier Ravi Herath, adding "it will be done through restrictions in recruitment and natural retire...