Losoong/Namsung: This festival is normally observed in the first week of the 11th month of the Lunar Year. The Bhutias call it 'Losoong' and the Lepchas call it 'Namsung' which means a new year celebration. The festival marks the end of the harvest season and also marks the end of the farmers year.
India has announced financial assistance of USD 900 million loan to Sri Lanka to help the island nation in building up its depleted foreign reserves and for food imports.