balancing act

In a verdict that balances business and consumer interests, the Court ruled that there would be a waiver of compound interest on loans from March 1 to August 31, 2020 due to Covid-19.

As China gains a greater foothold in Lanka, India is cautiously watching if its influence in the region will be hit. Minister S Jaishankar’s visit to Colombo was an attempt to mend fences with the neighbour.