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‘Restoring connectivity’: First India-assisted Bailey Bridge opens in cyclone-hit Sri Lanka; part of $450 million aid package | India News

First India-assisted Bailey Bridge opens in cyclone-hit Sri Lanka NEW DELHI: The first Bailey Bridge built under India’s assistance package to cyclone-hit Sri Lanka has been opened for traffic, restoring a key road link between the island nation’s Central and Uva provinces, the Indian mission in Colombo said on Sunday.The 100-foot bridge was constructed by…

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Policy pause: Bank of England holds rates at 4% ahead of UK budget; Bailey signals caution as inflation, growth pressures persist

The Bank of England (BoE) on Thursday kept its benchmark interest rate unchanged at 4%, opting for caution ahead of the UK government’s upcoming budget later this month that is expected to include tax increases, AFP reported.Governor Andrew Bailey said the central bank remained confident that rates were on a “gradual path downwards” but stressed…

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