Sri Lanka Economic Crisis

India reaches out to Sri Lanka’s Tamils with handover of 1,000 houses

<p> India handed over 1,000 houses to Tamils in Sri Lanka’s plantation areas on the occasion of Pongal. This is…

3 years ago

Indian luxury trains connect Sri Lanka’s capital Colombo to Tamil-majority Jaffna in the north

<p> Sri Lanka launched an intercity luxury train service connecting capital Colombo with Kankesanthurai in Jaffna with Indian assistance.<br />…

3 years ago

Sri Lanka asks China’s Wang Yi to restructure debt, aid industry through concessional trade schemes

<p> Sri Lankan President Gotabaya Rajapaksa has requested visiting Chinese Foreign Minister Wang Yi to restructure the debt repayment in…

3 years ago

Indian tourists flood Sri Lanka on the Ramayana trail and destination weddings

<p> Indian travelers headed the list of tourists to Sri Lanka in 2021, giving hope of tourism revival in the…

3 years ago

Sri Lanka looks beyond China, expands defence and trade ties with South Korea

<p> <strong>Looking beyond China, Sri Lanka is planning a major expansion of military coordination, as well as trade investment, with…

3 years ago

As external debt repayment deadlines inches closer, all eyes on Sri Lanka– will it restructure part of its debt?

<p> <strong>Will Sri Lanka restructure its albatross-like external debt? After the country’s foreign exchange reserves dipped to $1.6 billion in…

3 years ago

Can broke Sri Lanka repay $500 million loan by mid-Jan deadline?

<p> <strong>Cash starved Sri Lanka with its dwindling foreign exchange reserves, has said that it will not default as a…

3 years ago

Sri Lanka announces $1 billion relief for people as New Year gift

<p> Amid surging anger and food shortages, the Gotabaya Rajapaksa government has unveiled a Rs 229-billion ($1 billion) relief package…

3 years ago

Many Sri Lankans keen to relocate to other countries as Colombo stares are bankruptcy

<p> <strong>As the economic crisis deepens in Sri Lanka pushing the island nation on the brink of bankruptcy, scores of…

3 years ago

India, Sri Lanka inch closer to a financial deal as Chinese Foreign Minister Wang Yi plans a visit

<p> India is likely to extend a financial deal to Sri Lanka to help it tide over its foreign exchange…

3 years ago

Cash-strapped Sri Lanka barters tea for oil from Iran

<p> Sri Lanka and Iran have signed a barter agreement under which Colombo will pay off its oil debt to…

3 years ago

Is Sri Lanka likely to join Vibrant Gujarat Global Summit as partner country?

<p> Sri Lanka is likely to be one of the partner countries to the 10th Vibrant Gujarat Global Summit (VGGS)…

3 years ago

Tourism gets hit in Sri Lanka as hotels & restaurants shut down due to shortage of cooking gas

<p> <strong>An acute shortage of cooking gas has hit Sri Lanka’s hospitality sector. The shortage of this essential item has…

3 years ago

Sri Lankan Prime Minister Mahinda Rajapaksa in India to seek blessings at Tirupati temple

<p> Sri Lankan Prime Minister Mahinda Rajapaksa is on a two-day private visit to India. Rajapaksa and his wife are…

3 years ago

India looking at currency swap option to help exporters as Sri Lanka plunges into forex crisis

<p> <strong>With the deepening of Sri Lanka’s foreign exchange crisis, India could look at coming out with a currency swap…

3 years ago