Since the first week of August, Bangladesh has been witnessing mass protests after the unprecedented price hike in fuel. After Sri Lanka, now Bangladesh is grappling with soaring fuel prices. How did Bangladesh arrive in this position? Watch this video to know more on the recent economic crisis in #Bangladesh.
Acting President #RanilWickremesinghe was elected as Sri Lanka's new President by Parliament on July 20. The 73-year-old six-time former prime minister secured 134 votes in the 225-member House. His nearest rival and dissident ruling party leader Dullas Alahapperuma got 82 votes. The new President will have a mandate to serve out the rest of Rajapaksa's term, which ends in November 2024. Wickremesinghe, who is believed to be close to India and its leaders, has held many important posts during his political career spanning four and half decades.
Thousands of anti-government protesters stormed into Sri Lanka PM's office in Flower Road. Men and women breached military defences and entered the premier's office to raise national flags. Sri Lanka declared a state of emergency on July 13 as thousands of people mobbed the PM's office after the country's president flew to the Maldives following months of widespread protests against an economic crisis.
Sri Lanka's embattled president was stuck in his own country on July 12th in a humiliating standoff with airport immigration staff blocking his exit to safety abroad. Rajapaksa, who is due to officially resign on July 13 after months of demonstrations calling for him to step down, was reportedly trying to escape to Dubai on July 12th night. The 73-year-old leader fled his official residence in Colombo just before tens of thousands of protesters overran it on July 9. Gotabaya had promised to resign and clear the way for a "peaceful transition of power" following widespread protests against him over the country's unprecedented economic crisis.
The anti-government protesters in Sri Lanka who took over President Gotabaya Rajapaksa's official residence have claimed to have recovered millions of rupees inside his mansion. A video is being shared on social media showing the protesters counting the currency notes. The recovered money was said to be handed over to the security units, the Daily Mirror newspaper reported.
Sri Lanka's President Gotabaya Rajapaksa was escorted to safety shortly before protesters, angered by an unprecedented economic crisis, stormed and overran the compound of his official residence. Huge crowds had surrounded the leader's home to demand his resignation. As protesters surged at the gates of the President's Palace, troops guarding the compound fired in the air to hold back the tide until Rajapaksa was safely removed.
Sri Lanka has run out of fuel. Sri Lanka, hit by a massive economic crisis, has run out of fuel and only essential services will operate starting midnight. This is the first time that Sri Lanka has run out of fuel. The list of essential services will include health, law and order, ports, airport, food distribution and agriculture. All non-essential services have been suspended till July 10.
Crisis-hit Sri Lanka raised the petrol price by 24.3% and diesel by 38.4% on May 24th. This is a record hike in fuel prices amidst the country's worst economic crisis due to the shortage of foreign exchange reserves. With the 2nd fuel price hike since April 19, now the most-used Octane 92 Petrol-420 Rupees and Diesel-400 Rupees a litre.
In a dramatic turn of events, #RanilWickremesinghe was appointed the 26th PM of #SriLanka by President Gotabaya Rajapaksa on May 12. Wickremesinghe, 73, has been PM 5 times before but his United National Party now has just one MP in the 225-member parliament. #SriLankaCrisis
Sri Lanka Prime Minister Mahinda Rajapaksa's residence was set on fire on May 9. Sri Lanka saw its most violent day in recent weeks as prime minister Mahinda Rajapaksa quit his post on Monday and clashes - far and wide - claimed at least five lives including a ruling party MP and leftover around 173 injured.
DMK members of Parliament will donate their one month's salary towards aid for the crisis-hit Sri Lanka, the party said on May 5th. This follows an appeal from Tamil Nadu Chief Minister M K Stalin, for donations to help the Lankan people. It may be noted that the party has already announced Rs 1 crore towards this purpose. In a bid to help Sri Lankans who are battling the impact of the battered economy with suppl of essentials like food, CM Stalin had appealed to the people of TN to make donations.
After weeks of political turmoil that led to the ouster of Imran Khan, Pakistan is facing a severe energy crisis. #Pakistan is cutting electricity to households and industry as the cash-strapped country can no longer afford to buy coal or natural gas from overseas to fuel its power plants.
The uncertainty due to the geopolitical crisis in eastern Europe is already taking a toll on exporters, travel and tourism industry and all other businesses in general, and now with the Sri Lankan economy floundering in the neighbourhood, things can’t get bleaker. The island nation is smaller in size but is of significant interest for India, both strategically and economically. Several Indian companies have a presence in the country.
Sri Lankan President Gotabaya Rajapaksa on April 5 revoked the state of Emergency with immediate effect on his island nation. On April 1, President Rajapaksa has declared a public emergency amidst a spate of protests over the worst economic crisis in the country. Despite public anger Sri Lanka President will not be resigning, the government's whip has told parliament. The declaration defies calls from the public and political opponents for Gotabaya Rajapaksa to step down amid the country's economic crisis.
A new Sri Lankan Cabinet is expected to be sworn in as part of the government's bid to tackle the raging public anger against the ongoing economic crisis. On April 3rd night, all 26 ministers submitted letters of resignation to Prime Minister Mahinda Rajapaksa. The island nation has seen widespread public anger against the government for its mishandling of the worst economic crisis.
At least 45 people were arrested and a curfew briefly imposed in most parts of Colombo city after hundreds of protesters gathered outside the residence of Sri Lankan President Gotabaya Rajapaksa demanding his resignation for failing to address the worst economic crisis in the island nation. A foreign exchange crunch in Sri Lanka has led to a shortage of essential goods such as fuel,cooking gas, and power cuts that last up to 13 hours a day.
The Sri Lankan government imposed 10-hour daily power cuts across the country on March 30 amidst a severe economic crisis. Sri Lanka is facing an unprecedented acute economic and energy crisis caused due to shortage of foreign exchange.Since the beginning of March, there have been seven-hour power cuts in the island country. The duration has now been increased by three hours.
Sri Lanka is facing its worst economic crisis in memory. Sri Lanka has been bit by severe shortages of essentials like food, medicine, milk powder, cooking gas and fuel. The Russia-Ukraine war which has led to a steep hike in oil prices has further amplified Sri Lanka’s economic problems. The situation has led to protests against the pathetic management by the government.
MP Vaiko along with MDMK members staged a protest in New Delhi against the visit of Sri Lankan President Gotabaya Rajapaksaa