Sri Lanka Crisis

Lankan economic woes to last another year; nuclear energy, logistics could revive condition: Prez Ranil

Wickremesinghe, who has previously described Sri Lanka's economy as bankrupt, said that economic reforms would require higher taxation.

published on : 6th August 2022

Sri Lanka protesters get court reprieve, anti-govt demonstrations can go on till August 10

The Sri Lankan police on Wednesday set an August 5 deadline for the protesters to remove all illegal tents and camps at Galle Face near the presidential office.

published on : 5th August 2022

No new financing to Sri Lanka until 'adequate' macroeconomic policy in place: World Bank 

Sri Lanka needs about USD 5 billion in the next six months to cover basic necessities for its people, who have been struggling with long queues, worsening shortages and power cuts.

published on : 29th July 2022

'Just look at a picture of Ranil': Sri Lanka president gets long-sought win, steep challenges

He has moved quickly to consolidate his position since lawmakers elected him this week to finish the term of his predecessor, ousted President Gotabaya Rajapaksa.

published on : 24th July 2022

TN sends third consignment of humanitarian aid to Sri Lanka

Amid the economic crisis in Sri Lanka, the Tamil Nadu government on Saturday sent its third consignment of humanitarian assistance, weighing 16,595 metric tonnes, to the island nation.

published on : 24th July 2022

Audacity of democracy: By the people, but not for the people 

Some things are obvious. The ‘landslide’ electoral victory registered a couple of years ago could not help the Rajapaksas remain in office.

published on : 24th July 2022

Sri Lanka's worst economic crisis can't dim cricket crazy 'uncle Percy's' love for the game 

"For when the One Great Scorer comes to mark against your name, He writes not that you won or lost, but how you played the game," he says, quoting the American sportswriter Grantland Rice.

published on : 24th July 2022

Sri Lanka crisis: India, China extend olive branches to the island nation; citizens feel brunt of fuel shortage

Under its ‘Neighbourhood First’ policy, India has extended support to the island nation by giving short-term and long-term loans.

published on : 23rd July 2022

'Worried turbulence in Sri Lanka may continue': Chidambaram on Wickremesinghe's election as President

Veteran politician Wickremesinghe was on Wednesday elected as Sri Lanka's president by lawmakers, in a rare move that could provide continuity for crucial discussions with the IMF for a bailout deal.

published on : 21st July 2022

Ranil Wickremesinghe sworn in as Sri Lanka's eighth president amid protests

Wickremesinghe, a six-time former prime minister, was elected as Sri Lanka's President by lawmakers in a rare move that could provide continuity for crucial discussions with the IMF.

published on : 21st July 2022

Fresh protests in Sri Lanka as Ranil Wickremesinghe wins presidential elections

Despite former president Gotabaya Rajapaksa fleeing the country following massive protests, his ruling party managed to get his proxy Wickremesinghe elected as successor.

published on : 21st July 2022

India, Sri Lanka likely to begin trading in Indian Rupee

Sources say since Ranil Wickremesinghe is viewed as a friend of India, there is every possibility of INR trading getting the go-ahead.

published on : 21st July 2022

Unpopular Sri Lankan PM Wickremesinghe elected president; risks new turmoil

Many also blame Wickremesinghe for protecting Rajapaksa, and during demonstrations last week, crowds set his personal residence on fire and occupied his office.

published on : 20th July 2022

Irrespective of who becomes next Sri Lankan President, India should keep helping Lanka: Opposition leader Premadasa

Premadasa's appeal came hours after the Modi government told an all-party meeting in New Delhi that India is naturally worried over the Sri Lankan crisis.

published on : 20th July 2022

Indian official injured in crisis-hit Sri Lanka, High Commission urges citizens to make movements safely

Sri Lanka is witnessing a public unrest due to the unprecedented economic crisis followed by a political turmoil in the country.

published on : 20th July 2022

Majority of Sri Lanka's ruling party in favour of Alahapperuma as President, Premadasa as PM: Report

SLPP Chairman Peiris said that the majority of his party was in favour of appointing Alahapperuma as the President, underlining that the people's voice be highlighted in Parliament.

published on : 20th July 2022

Sparks fly at all-party meet on Sri Lanka crisis as Jaishankar hits out at 'culture of freebies'

Several Opposition-ruled states, including Tamil Nadu, Telangana and Andhra Pradesh were called out for spending more than their earnings and their poor debt-to-GDP ratio.

published on : 20th July 2022

Finance ministry makes presentation on states' fiscal health at all-party meet, regional parties object

The presentation said that some states have large outstanding guarantees which could pose a threat if invoked.

published on : 20th July 2022

Lessons of fiscal prudence, no freebie culture to be drawn: Jaishankar at all-party meet on Lanka

Jaishankar also said there have seen some "misinformed comparisons" in the context of Sri Lanka wherein some people have asked whether "can such a situation happen in India."

published on : 19th July 2022

Modi government calls all-party meet on Sri Lanka crisis Tuesday; Jaishankar to brief MPs

Sri Lanka is facing its worst economic crisis in seven decades, with a severe foreign exchange shortage hampering the import of essentials including food, fuel and medicines.

published on : 19th July 2022
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