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Latest Articles in sri lanka

More Sri Lankans Fleeing Economic Crisis Land In India

The island nation is witnessing large-scale protests against the government's handling of the debt-ridden economy - the worst-ever economic crisis in the country's history

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India Sends One More Consignment Of 40,000 MT Of Diesel To Sri Lanka

With the economic crisis and the shortage of forex, the Indian credit line of USD 500 million for fuel imports has provided a lifeline to the island nation, which is currently experiencing its worst economic crisis in history

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Global Leaders Discuss Debt Crisis In US Amid Lankan Economic Fallout

The country is witnessing large-scale protests against the government's handling of the debt-ridden economy - the worst-ever economic crisis in the country's history

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Sri Lanka Says India To Provide Additional $500 Mn For Fuel

"Assistance by the IMF will take about six months to come to us and it will come in tranches," Sri Lankan Foreign Minister G. L. Peiris said. "During the intervening period, we need to find funds to keep our people supplied with essentials"

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Crisis-hit Sri Lanka, India Revive Talks To Link Electric Grids

India has extended assistance running into billions of dollars to its southern neighbour to fight the crisis, brought on by a steep drop in foreign exchange reserves that stalled imports of essentials such as fuel, so disrupting power supply

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Sri Lanka's State-run Oil Company Raises Fuel Price Amidst Economic Crisis

The state-run Ceylon Petroleum Corporation's (CPC) new price of 92 octane petrol Rs 338 per litre is an increase of Rs 84 and now matches the per litre price of Lankan Indian oil company (LIOC)

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Sri Lanka's State-run Oil Company Raises Fuel Price Amidst Worst Economic Crisis

The CPC officials said the high global prices and the depreciation of the Sri Lankan rupee against the dollar after the government decision on March 7 to have a free float was the main cause

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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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