Sri Lanka continues to experience strong economic growth following the end of the government's 26-year conflict with the Liberation Tigers of Tamil Eelam. The government has been pursuing large-scale reconstruction and development projects in its efforts to spur growth in war-torn and disadvantaged areas, develop small and medium enterprises, and increase agricultural productivity.The government's high debt payments and bloated civil service have contributed to historically high budget deficits and low tax revenues remain a concern. Government debt of about 72% of GDP remains among the highest in emerging markets.The new government in 2015 drastically increased wages for public sector employees, which boosted demand for consumer goods but hurt the overall balance of payments and reduced foreign exchange reserves.
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Thursday, April 20, 2017
Difference Between Buddhism and Jainism
People sometimes get confused about the difference between Buddhism and Jainism. Well, they are likely not to be blamed because the two religions have several similarities in as much as there are keynote differences. The two religions also came to existence almost at the same time and at the same place; India. Even the Buddhist calls Mahayira (the founder of Jainism) as the enlightened one ‘“ a contemporary of Buddha.
Saturday, April 15, 2017
The rôle of the Dalai Lama
The Dalai Lama is the head monk of Tibetan Buddhism and traditionally has been responsible for the governing of Tibet, until the Chinese government took control in 1959. Before 1959, his official residence was Potala Palace in Lhasa, the capital of Tibet.
The institution of the Dalai Lama is a relatively recent one. There have been only 14 Dalai Lamas in the history of Buddhism, and the first and second Dalai Lamas were given the title posthumously.
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