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Latest Articles in sri lanka
Sri Lanka Crisis: Rajapaksa Appoints New Cabinet Of 17 Ministers
The previous Cabinet had to make way for the president to form a unity cabinet with the Opposition members. The Opposition, however, declined the offer
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Lanka Seeks India's Help For Cooking Gas Supply Amid Economic Crisis
Massive anti-government protests are being held throughout the country with a major demonstration happening outside the Rajapaksa secretariat in central Colombo
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Sri Lanka Starts Fuel Rationing Amidst Severe Economic Crisis
Long queues at fuel stations have resulted in massive public anger. Further, households are experiencing nearly 12-hour-long powercuts and there is a massive shortage of essentials, due to falling value of the Sri Lankan rupee
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What Is Happening In Sri Lanka And How Did The Economic Crisis Start?
The country relies on the import of many essential items including petrol, food items and medicines. Most countries will keep foreign currencies on hand in order to trade for these items, but a shortage of foreign exchange in Sri Lanka is being blamed for the sky-high prices
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India Open To Additional $2 Bn Aid For Sri Lanka With Eye On China
"We are definitely looking to help them out and are willing to offer more swap lines and loans," said an Indian source aware of various discussions with Sri Lanka
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Sri Lanka Hikes Interest Rates To Tackle Inflation Amid Economic Crisis
The Monetary Board of the Central Bank of Sri Lanka on Friday decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 700 basis points to 13.50 per cent and 14.50 per cent, respectively, effective from the close of business on April 8
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Sri Lanka Requires $3 Bn In Six Months To Avoid Crisis: Finance Minister
The island nation of 22 million people has been hit by prolonged power cuts, with drugs, fuel and other items running short, bringing angry protesters out on the streets and putting President Gotabaya Rajapaksa under mounting pressure
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India Supplies Two Fuel Consignments To Crisis-hit Sri Lanka
India supplied 36,000 tonnes of petrol and 40,000 tonnes of diesel, the high commission said, taking total Indian fuel supplies to Sri Lanka to 270,000 tonnes
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US Advises Its Citizens Against Travelling To Sri Lanka Amid Crisis
Amid the ongoing unrest in Sri Lanka owing to its economic crisis, the United States on Wednesday advised its citizens against travelling to the island nation, pointing to the shortage
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Sri Lankan New Finance Minister Resigns A Day After Appointment
Sri Lanka is currently experiencing its worst economic crisis in history. With long lines for fuel, cooking gas, essentials in short supply and long hours of power cuts, the public has been suffering for months
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Monitoring Political And Economic Developments In Sri Lanka 'Very Closely': IMF
President Gotabaya Rajapaksa on Monday dissolved the cabinet and appointed a new finance minister, while also seeking a new central bank governor
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Sri Lanka Central Bank Governor Quits Amid Mounting Economic Woes
He stepped down after all members of Sri Lanka's cabinet, apart from President Gotabaya Rajapaksa and his brother, Prime Minister Mahinda Rajapaksa, quit late on Sunday
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Unviable Populist Schemes May Create SL-like Situation: Bureaucrats To Modi
He also asked secretaries to give feedback and suggest loopholes in policies of the government, including those which are not related to their respective ministries
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Sri Lankan Cabinet Barring President And PM Resigns As Crisis Deepens
Education Minister Dinesh Gunawardena told reporters that all 26 ministers have stepped down, barring the President and PM
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Crisis In Sri Lanka: Air India Scales Down Flights To Island Nation Due To Poor Demand
Sri Lanka is currently experiencing its worst economic crisis in history. With long lines for fuel, cooking gas, essentials in short supply and long hours of power cuts, the public has been suffering for weeks
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