Page 42 - Sri Lanka

Sri Lankan prez urges parties to set aside differences and work together

Sri Lanka's President Gotabaya Rajapaksa on Sunday appealed to the worried citizens to join hands to steer a "pro-people struggle", amidst growing demands for his government's immediate resignation

Sri Lanka to ease regulations over control of foreign earnings conversion

In recent months, the central bank imposed a number of regulations forcing exporters to convert their US dollars within a set period of time to bolster Sri Lanka's foreign reserves

Sri Lanka's powerful Buddhist clergy threatens to issue anti-govt decree

The Buddhist clergy has decided to come out to press for the resignation of Prime Minister Mahinda Rajapaksa to make way for an interim government

Inflation in Sri Lanka rises 29.8% in April amid crisis: Central bank

This increase was driven by the monthly increases in both food and non-food categories, according to the central bank on Friday

President Rajapaksa agrees to remove brother as Sri Lankan PM: Lawmaker

Sri Lanka's president has agreed to replace his older brother as prime minister in a proposed interim government to solve a political impasse, a prominent lawmaker said Friday.

Sri Lankan central bank says all creditors will be treated equally

Sri Lanka has already missed coupon repayments on some of its bonds and its bailout discussions with the IMF include a possible bridge loan, Governor Nandalal Weerasinghe said

TN urges Centre to allow humanitarian aid from state to Sri Lanka

The resolution, piloted by Stalin, was unanimously passed by the House, including the opposition AIADMK and the BJP

Top Headlines: Maruti Suzuki Q4 up 58%; Lanka PM Rajapaksa to be replaced

Maruti Suzuki posted a 58% rise in fourth-quarter net profit at Rs 1,839 crore. PM Modi said that he aims to make India a hub for semiconductors for the world. Read more on these in our top headlines.

Sri Lanka's Gotabaya asks parties to show majority for interim govt bid

A delegation from former president Maithripala Sirisena's SLFP met him in the morning to press for their demand on the formation of the interim government

Sri Lanka crisis: Trade Unions demand President Rajapaksa's resignation

Hundreds of trade unions in Sri Lanka have been staging a nationwide protest over the mishandling of the economic crisis and have called for the immediate resignation of President Rajapaksa

HC Baglay reiterates India's continued commitment to support Sri Lanka

Sri Lanka is facing one of its worst economic crises resulting in widespread protests against the Rajapaksa family leaders, including President Gotabaya Rajapaksa and PM Mahinda Rajapaksa

Insolvent Sri Lanka should swap its central bank with currency board

Currency boards are typically associated with lower inflation, higher economic growth and smaller fiscal deficits when compared with hard pegs that are supported by promises, rather than protocols

Sri Lanka crisis opens tea export opportunity that India may miss

Sri Lanka mainly produces orthodox tea, which tends to be harvested and processed by hand. It is popular with tea drinkers in Russia and some eastern European countries.

Sri Lanka trade unions, on strike, demand ouster of president and PM

The crisis is caused in part by a lack of foreign currency, which has meant that the country cannot afford to pay for imports of staple foods and fuel, leading to acute shortages and very high prices

World Bank to give $600-million aid to Lanka to overcome economic crisis

Sri Lanka stocks rallied, marking their first day of gains since April 5

Sri Lanka's Rajapaksa to discuss formation of all-party govt on April 29

A letter to all party leaders in the ruling coalition said the government was in agreement to form an all-party government comprising parties represented in Parliament

Will not resign, says Sri Lankan PM Rajapaksa amid economic crisis

Speaking about the island-wide protests demanding the Prime Minister and the government's resignation, Rajapaksa said the issues should be resolved through negotiations

Hike taxes to address debt woes, IMF urges crisis-hit Sri Lanka

Cabinet clears proposal to limit Prez powers as Oppn gains momentum

Sri Lanka says World Bank agrees to provide $600 million in financial aid

Earlier this month, Sri Lanka kicked off talks with the International Monetary Fund (IMF) for financial assistance

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