Lanka Economic Crisis
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Corruption widespread in Sri Lanka, says former president Chandrika Kumaratunga

She blamed the widespread corruption in the country and looting by politicians as the main reason for the present condition of the country.

published on : 16th April 2023
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Lack of funds, Sri Lanka again delays local polls

The elections were originally slated for last month but Wickremesinghe's administration refused to finance them, saying the money was needed to pay for salaries and pensions.

published on : 11th April 2023
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EAM Jaishankar holds talks with Sri Lankan counterpart, calls on President Wickremesinghe

Jaishankar, who arrived here from the Maldives on the second leg of his two-nation tour, met Sabry and discussed issues of mutual and regional interests, sources said.

published on : 20th January 2023
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Sri Lanka's IMF bailout to wait until the new year: Finance Minister Semasinghe

Sri Lanka and the IMF agreed on a staff-level agreement to release USD 2.9 billion over 4 years - the bail-out expected in the island nation's ongoing economic crisis caused by forex shortages.

published on : 14th December 2022
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India won't go the Pakistan, Sri Lanka way: Ex RBI Governor Raghuram Rajan

According to Rajan, low foreign debt and high foreign exchange reserves make Indian economy resilient.

published on : 30th July 2022
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Sri Lanka President at airbase near Colombo airport as 'exile in Dubai' rumours spread

He had taken refuge at a navy facility, a top defence official told news, before being brought to the Katunayake airbase -- which shares a perimeter fence with Bandaranaike International airport.

published on : 11th July 2022
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Only people with 'Hitler-like mindset' torch buildings: Wickremesinghe on arson attack on his house

"My only house was set on fire. I had 2,500 books in my library, my only asset. There were over 200-year-old valuable paintings. All of them destroyed," he said.

published on : 11th July 2022
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Sri Lanka's new President to be elected on July 20: Minister

Parliament will be convened on July 15; Nominations for the post of President will be accepted on July 19 and the new President will be elected on July 20, as decided based on the meeting.

published on : 11th July 2022
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Lanka's main Opposition SJB says ready to lead new govt, any resistance will be 'treacherous act' 

"We will appoint a government headed by a president and a PM. There is no other alternative. If anyone opposes this or tries to sabotage it in Parliament we will see it as a treacherous act," he said.

published on : 11th July 2022
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India not sending military troops to Sri Lanka

India clearly stated that it stands with people of Lanka as they seek to realise their aspirations for prosperity & progress through democratic means & values, established institutions & constitution.

published on : 11th July 2022
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Sri Lankan Cabinet ministers to resign after all-party government formation: PMO

Party sources said that the issue of an all-party government would be discussed with the Speaker of Parliament later on Monday.

published on : 11th July 2022
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Former Sri Lankan Prime Minister Mahinda Rajapaksa questioned by CID over May 9 violence

On May 9, violence erupted in Sri Lanka after supporters of the 76-year-old former premier attacked peaceful anti-government protesters demanding his ouster over the country's worst economic crisis.

published on : 26th May 2022
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Sri Lankan police arrest 1,500 people in connection with violent clashes that killed at least 10

According to Sri Lanka Police spokesman SSP Nihal Thalduwa 1,500 people have been arrested in connection with the violence, online news portal reported.

published on : 23rd May 2022
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Sri Lanka welcomes G7 announcement in securing debt relief: PM Ranil Wickremesinghe

Sri Lanka has already suspended repayments for international sovereign bonds, commercial bank loans, Exim bank loans, and bilateral loans.

published on : 20th May 2022