Sri Lanka Economic Crisis

Will the popular revolt in Sri Lanka trigger “regime change” in the island nation?

<p> A popular revolt triggered by a massive financial meltdown is threatening to  cause “regime change” in Sri Lanka, with…

3 years ago

Sri Lanka’s economic crisis hits generation-next–school dropout rate surges in the island nation

<p> <strong>The economic crisis in Sri Lanka has led to a large number of school dropouts despite having a provision…

3 years ago

Sri Lanka Economic Crisis | India Supplies 40,000 Tonnes Of Rice | Indian Credit Line To Sri Lanka

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/_NXDYzjrxFc" title="YouTube video player" width="560"></iframe></p> <p> India starts supplying…

3 years ago

India rushes 40,000 tonnes of diesel to crisis-hit Sri Lanka

<p> India has rushed 40,000 tonnes of diesel under a $1 billion credit line given to Sri Lanka. The ship…

3 years ago

Sri Lanka Hospitals Running Out Of Life-Saving Drugs, India Steps Up To Help As EAM Visits Colombo

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/oNok-PpOpjU" title="YouTube video player" width="560"></iframe></p> <p> External Affairs Minister…

3 years ago

Beleaguered Sri Lanka seeks fresh loans from India after New Delhi lends $1 billion

<p> <strong>Cash strapped Sri Lanka, with a debt burden of $6.9 billion this year, has sought another credit line of…

3 years ago

With food crisis ballooning, Rajapaksa family in Sri Lanka faces its moment of truth

<p> The Sri Lankan food and fuel crisis is likely to haunt the island nation's first family—the Rajapaksas. The clan…

3 years ago

Sri Lanka Hit By Worst Ever Economic Crisis | Goods Price Skyrocket | Rice 500/kg, Sugar 290/kg

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/rG2iRSxClfs" title="YouTube video player" width="560"></iframe></p> <p> Amid its worst…

3 years ago

Why Sri Lanka’s Refugees Are Coming To India | Sri Lanka Economic Crisis Worsens

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/yTsYUpOQppE" title="YouTube video player" width="560"></iframe></p> <p> With a shortage…

3 years ago

Sri Lankan refugees flee to India as inflation, food and water shortage bite

<p> The Sri Lankan economic crisis—rising costs of food and long queues for fuel are pushing out Sri Lankan families…

3 years ago

Prices skyrocket in Sri Lanka–even buying a humble cup of tea is now a luxury

<p> <strong>Sipping a cup of humble tea in Sri Lanka is now a luxury. For Sri Lankans, milk tea made…

3 years ago

Will Sri Lanka’s finance minister manage to clinch $1 billion loan deal during visit to India?

<p> <strong>Amid an acute economic crisis, Sri Lankan finance minister Basil Rajapaksa will visit India. New Delhi is likely to…

3 years ago

Import restrictions hit Sri Lanka’s retail sector, fear of job losses arises

<p> <strong>Sri Lanka’s retail sector, accounting for 23 per cent of the country’s GDP, has been one of the worst…

3 years ago

Sri Lanka’s industrial production shows some sign of an uptake in December

<p> <strong>Sri Lanka’s industrial production in December has shown some signs of revival. Official data indicated that the country’s Index…

3 years ago

India rushes diesel to Colombo as cash-strapped Sri Lanka runs out of fuel

<p> <strong>India has delivered 40,000 metric tonnes of fuel to cash strapped Sri Lanka to help it in preventing disruption…

3 years ago

Indian tourists flock to Sri Lanka, as Colombo resumes visa on arrival facility

<p> <strong>For cash strapped Sri Lanka, the start to this year has been promising with foreign tourists beginning to arrive.…

3 years ago

Covid batters Sri Lanka–drop in tourism, expat remittances force Colombo to seek the IMF’s ‘advice’

<p> <strong>Even as a near bankrupt Sri Lanka averted a default by repaying $500 million international sovereign bond (ISB) in…

3 years ago

Sri Lanka takes concrete steps to bond with India and restrain China

<p> India and Sri Lanka plan to strengthen their economic and development relations in order to support the island nation…

3 years ago

Sri Lanka to buy fuel from IOC subsidiary to ward off power problems

<p> Sri Lanka plans to buy 40,000 metric tons of diesel and petrol each from Lanka IOC (LIOC)--the Sri Lankan…

3 years ago

Sri Lanka averts international loan default but citizens are not happy

<p> <strong>Amid intense scrutiny and fast deteriorating economic situation, Sri Lanka averted a default repaying $500 million international sovereign bond…

3 years ago

Sri Lanka shuts down power station as fuel runs out due to forex crisis

<p> Sri Lanka on Wednesday faced a severe crisis after it had to shut down the Kelanitissa Power Plant during…

3 years ago