sri lanka - Latest News, Analysis, Opinion

The Reserve Bank of India has extended the duration of the USD 400 million currency swap for the Central Bank of Sri Lanka (CBSL) which was concluded in January this year

Lankan Crisis To Have Negligible Impact On Indian Economy: Experts

Abhishek Sharma

Recently, India has provided an additional credit line of USD 1 billion to Sri Lanka to import essentials. Over 60 per cent of Lankan exports enjoy the benefits of the India-Sri Lanka Free Trade Agreement

India Extends Duration Of USD 400 Mn Currency Swap Facility With Sri Lanka

Education And Career

The embattled government had announced an orderly default until the country came to an agreement with the International Monetary Fund (IMF) for a possible bailout package

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

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

Energy & Infra

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

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

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"

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

Energy & Infra

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

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)

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

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

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

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

What Is Happening In Sri Lanka And How Did The Economic Crisis Start?