A Chinese-funded tax-free enclave called ’Colombo Port City' has cleared the final legal hurdle as the Supreme Court in Colombo ruled it could go ahead with only minor tweaks.
The largest single foreign investment in Sri Lanka is one of several massive Asian infrastructure projects funded by China as Beijing increases its regional footprint.
The “Colombo Port City” is developed in area reclaimed from the sea with considerable Chinese labour and is double the size of Colombo’s financial district.
The Port City will be administered by a commission with unprecedented powers to fast track investment approvals. Transactions within the Port City will be denominated in foreign currency and all salaries earned by any worker will be tax-exempt.
Coelacanth, an extremely rare species of fish, which was once thought to have gone extinct with the dinosaurs millions of years ago, has been found alive in the Indian Ocean.
The Latimeriachalumnae, as it is scientifically called, is considered to be among the early steps of the fish’s evolution to terrestrial four-legged animals. It’s origin can be traced back to 420 million years
Deep sea fish hunters were responsible for the appearances of the coelacanth over the decades. In fact, the first living coelacanth was caught in 1938, when a group of fishers set gill-nets off the southwest coast of Madagascar in deeper waters.
The increasing demand for shark fins and oil have prompted hunters to fish in deeper waters, leading to the discovery of the rare species on the coasts off South Africa, Tanzania, and the Comoros Islands. This species lives in undersea canyons at depths between 100 and 500 metres.
Live-in relationships are socially and morally not acceptable, the Punjab and Haryana High Court has observed anddeclined to grant protection to a couple seeking protection of their life.
The petitioner couple had moved the High Court seeking directions to Punjab Police to protect their life and liberty from the woman’s family.
Live-in relationship involves continuous cohabitation between the partners without any responsibilities or obligations towards one another. There is no law tying them together, and consequently, either of the partners can walk out of the relationship, as and when they want.