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  • Sri Lanka's inflation jumps to 70.2% amidst worst-ever economic crisis Sep 22, 2022 07:39 PM IST

    Sri Lanka's inflation jumps to 70.2% amidst worst-ever economic crisis

    The non-food inflation surged to 57.1 per cent in August from 52.4 per cent in July as there was a sharp hike in electricity tariffs.

  • 6.3 million Sri Lankans facing acute food insecurity; situation likely to worsen: FAO and WFP warn Sep 12, 2022 05:48 PM IST

    6.3 million Sri Lankans facing acute food insecurity; situation likely to worsen: FAO and WFP warn

    Two consecutive seasons of poor harvests led to a nearly 50 per cent drop in production coupled with reduced imports of food grains due to foreign exchange constraints

  • Sri Lanka's ousted ex-president Gotabaya Rajapaksa returns home from Thailand after 7 weeks Sep 03, 2022 10:09 AM IST

    Sri Lanka's ousted ex-president Gotabaya Rajapaksa returns home from Thailand after 7 weeks

    Rajapaksa, 73, was festooned with flowers by a welcoming party of ministers and politicians as he disembarked at Colombo’s Bandaranaike International Airport from Bangkok via Singapore.

  • Many Indian states mirror costly debt slip-ups that rattled Sri Lanka Aug 29, 2022 10:01 AM IST

    Many Indian states mirror costly debt slip-ups that rattled Sri Lanka

    Punjab spends 21.3 percent of its revenues on interest payments, Tamil Nadu 21 percent, West Bengal 20.8 percent, and Haryana 20.9 percent

  • Indian Oil Corp unit to open 50 fuel stations in Sri Lanka to help alleviate crisis Aug 08, 2022 03:30 PM IST

    Indian Oil Corp unit to open 50 fuel stations in Sri Lanka to help alleviate crisis

    Sri Lanka is caught in its worst financial crisis in more than 70 years as a shortage of foreign exchange has left it struggling to pay for essential imports of food, medicine and, critically, fuel.

  • No new financing to Sri Lanka until 'adequate' macroeconomic policy in place: World Bank Jul 29, 2022 03:28 PM IST

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

    The island nation of 22 million is in the midst of an unprecedented economic crisis that has led to severe shortages of fuel and other essentials.

  • Sri Lanka Crisis | China upset with ‘opportunist’ Colombo, warns against non-payment of debt Jul 29, 2022 08:14 AM IST

    Sri Lanka Crisis | China upset with ‘opportunist’ Colombo, warns against non-payment of debt

    The Chinese Internet is condemning Sri Lanka and accusing it of taking advantage of China. Why is the Chinese strategic community furious at Sri Lanka?

  • China says its massive loans, projects did not push Sri Lanka to bankruptcy Jul 28, 2022 07:59 PM IST

    China says its massive loans, projects did not push Sri Lanka to bankruptcy

    The China-Sri Lanka practical cooperation has always been led by Sri Lanka with scientific planning and thorough verification with no strings attached, Chinese Foreign Ministry spokesman Zhao Lijian told a media briefing in Beijing.

  • Sri Lanka receives more humanitarian supplies from Tamil Nadu Jul 26, 2022 02:27 PM IST

    Sri Lanka receives more humanitarian supplies from Tamil Nadu

    Indian High Commissioner Gopal Baglay handed over the humanitarian supplies to the Sri Lankan people in the presence of Foreign Minister Ali Sabry and Minister of Health and Water Supply Keheliya Rambukwella, the mission tweeted.

  • Sri Lanka's Parliament to meet for first session under President Ranil Wickremesinghe on Wednesday Jul 26, 2022 02:23 PM IST

    Sri Lanka's Parliament to meet for first session under President Ranil Wickremesinghe on Wednesday

    Wickremesinghe announced the state of emergency on July 17 after President Gotabaya Rajapaksa fled Sri Lanka to escape a popular uprising against his government’s economic mismanagement.

  • What is the Asian Clearing Union? Jul 25, 2022 05:22 PM IST

    What is the Asian Clearing Union?

  • Sri Lanka’s Presidential Secretariat set to resume operations after 100 days Jul 24, 2022 12:33 PM IST

    Sri Lanka’s Presidential Secretariat set to resume operations after 100 days

    The site, which had been blocked by protesters for more than 100 days, saw an excessive rampage by protesters on July 9, forcing Gotabaya Rajapaksa to flee the country and resign as president.

  • Sri Lanka President Ranil Wickremesinghe may expand Cabinet to include all parties Jul 23, 2022 02:31 PM IST

    Sri Lanka President Ranil Wickremesinghe may expand Cabinet to include all parties

    Ranil Wickremesinghe on Friday appointed an 18-member Cabinet that included Prime Minister Dinesh Gunawardena.

  • Sri Lanka Cabinet discusses ways to normalise situation within one week Jul 23, 2022 01:12 PM IST

    Sri Lanka Cabinet discusses ways to normalise situation within one week

    The Cabinet was informed that fuel sufficient for one month had been secured and therefore distribution under a quota system should be expedited.

  • Sri Lankan president urged not to use force on protesters Jul 23, 2022 11:21 AM IST

    Sri Lankan president urged not to use force on protesters

    An international human rights group is urging Sri Lanka's new president to immediately order security forces to cease all unlawful use of force against protesters

  • In pics | A night of crackdown after Lankan president Ranil Wickremesinghe is sworn in Jul 22, 2022 01:44 PM IST

    In pics | A night of crackdown after Lankan president Ranil Wickremesinghe is sworn in

    Protesters flock to the presidential office chanting, “Ranil, go home!”. Wickremesinghe, however, has found support among those willing to give him a chance to fix the mess that Lanka is in

  • India must extend a rupee line of credit to Sri Lanka Jul 21, 2022 03:20 PM IST

    India must extend a rupee line of credit to Sri Lanka

    A rupee line of credit would give immediate relief to Sri Lankans and their interim president, while letting India help the island nation without depleting its own dollar reserves 

  • Moneycontrol Selects: Top stories this evening Jul 20, 2022 07:06 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles to help you stay at the top of your game.

  • Ranil Wickremesinghe elected president in crisis-hit Sri Lanka Jul 20, 2022 01:40 PM IST

    Ranil Wickremesinghe elected president in crisis-hit Sri Lanka

    Sri Lankan lawmakers chose six-time Prime Minister Ranil Wickremesinghe as president on July 20 to succeed the ousted leader who fled the country in a vote that risks reigniting political turmoil in the troubled South Asian island nation.

  • Sri Lanka crisis unprecedented, but comparisons 'uninformed': EAM Jaishankar at all-party meet Jul 19, 2022 06:44 PM IST

    Sri Lanka crisis unprecedented, but comparisons 'uninformed': EAM Jaishankar at all-party meet

    "Given the near proximity, we naturally worry about the consequences, the spillover it has for us,'' External Affairs Minister S Jaishankar said.

  • Sri Lanka's Ranil Wickremesinghe urges political parties to put aside their differences and form all-party government Jul 18, 2022 04:33 PM IST

    Sri Lanka's Ranil Wickremesinghe urges political parties to put aside their differences and form all-party government

    Ranil Wickremesinghe said that in the two months since he assumed the post of prime minister, power cuts had been reduced to 3 hours a day, fertiliser has been provided to the farmers and the gas shortage in the country has been solved.

  • The Sri Lanka turmoil covered in 7 cartoons Jul 17, 2022 04:57 PM IST

    The Sri Lanka turmoil covered in 7 cartoons

    Our selection of this week's best editorial cartoons.

  • Government calls all-party meet on Sri Lanka crisis Jul 17, 2022 03:52 PM IST

    Government calls all-party meet on Sri Lanka crisis

    Talking to reporters after the meeting, AIADMK leader M Thambidurai said India should intervene to resolve the crisis in Sri Lanka.

  • Govt to brief Parliament floor leaders of political parties on Lanka situation Jul 17, 2022 08:37 AM IST

    Govt to brief Parliament floor leaders of political parties on Lanka situation

    Citing an office memorandum, the officials said the briefing by the two ministries has been scheduled for the evening of July 19, the second day of the monsoon session of Parliament.

  • Sri Lanka begins choosing leader to replace ex-president Jul 16, 2022 02:31 PM IST

    Sri Lanka begins choosing leader to replace ex-president

    A day earlier, Sri Lankas prime minister was sworn in as interim president until Parliament elects a successor to Gotabaya Rajapaksa, whose term ends in 2024. Parliament Speaker Mahinda Yapa Abeywardana promised a swift and transparent political process that should be done within a week.

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