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Page 48 - Sri Lanka

Updated On : 09 Apr 2022 | 6:30 AM IST

Sri Lanka raises key interest rates by 700 basis points to 14.5%

The heavily indebted country has little money left to pay for imports, meaning fuel, power, food and, increasingly, medicines are in short supply

Sri Lanka raises key interest rates by 700 basis points to 14.5%
Updated On : 09 Apr 2022 | 2:11 AM IST

Debt-trap diplomacy: Should China be blamed for Pakistan, Sri Lanka crises?

China exacerbated but didn't mostly cause the problem whose roots lay in borrowing countries' broken politics and economic mismanagement. The loans may only have solved some problems, writes T N Ninan

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Updated On : 08 Apr 2022 | 11:30 PM IST

Lanka oppn threatens no-confidence motion, industry warns of 'precipice'

President Gotabaya Rajapaksa is running his administration with only a handful of ministers after his entire cabinet resigned this week

Lanka oppn threatens no-confidence motion, industry warns of 'precipice'
Updated On : 08 Apr 2022 | 3:21 PM IST

Sri Lanka fuel pumps may go dry in April; credit grant from India depleting

Sri Lanka may run out of diesel by the end of this month with the $500 million line of credit extended by India for fuel purchase exhausting fast amidst the unprecedented shortage of foreign reserves

Sri Lanka fuel pumps may go dry in April; credit grant from India depleting
Updated On : 08 Apr 2022 | 2:37 PM IST

Sri Lanka to exhaust $500 million Indian fuel credit line by April end

The $500 mn credit line provided by India for fuel will be exhausted after the delivery of another 120,000 tons of diesel and 35,000 tons of petrol to Sri Lanka in the remaining period of this month.

Sri Lanka to exhaust $500 million Indian fuel credit line by April end
Updated On : 08 Apr 2022 | 10:27 AM IST

Amid ongoing protests multiple nations issue travel warnings for Sri Lanka

As massive protests erupted across Sri Lanka after the economic crisis, multiple countries have issued travel warnings for the island nation.

Amid ongoing protests multiple nations issue travel warnings for Sri Lanka
Updated On : 08 Apr 2022 | 8:50 AM IST

The street has spoken in Sri Lanka: the Rajapaksa brothers have to go

The government prioritized servicing external debt rather than ensuring it could provide for its people

The street has spoken in Sri Lanka: the Rajapaksa brothers have to go
Updated On : 08 Apr 2022 | 7:58 AM IST

Ready to ship rice, drugs to Lankan Tamils: Tamil Nadu to Centre

The chief minister told Jaishankar Tamil Nadu is ready to ship rice, pulses and life saving drugs from Thoothukudi port to Sri Lanka

Ready to ship rice, drugs to Lankan Tamils: Tamil Nadu to Centre
Updated On : 08 Apr 2022 | 2:17 AM IST

New Sri Lanka central bank boss calls monetary policy meet on Friday

Nandalal Weerasinghe, a former senior deputy governor of the Central Bank of Sri Lanka who has worked with the IMF, will replace Cabraal on Thursday

New Sri Lanka central bank boss calls monetary policy meet on Friday
Updated On : 08 Apr 2022 | 12:36 AM IST

India stand ready to continue to help Sri Lanka: External Affairs Ministry

As Sri Lanka reels under a severe economic crisis that triggered a political upheaval, India said it is ready to continue helping the nation to recover from difficulties

India stand ready to continue to help Sri Lanka: External Affairs Ministry
Updated On : 07 Apr 2022 | 8:32 PM IST

Sri Lanka's economic crisis may encourage it to strengthen ties with India

International Monetary Fund (IMF) data shows the economy's net international reserves have been negative since December last year

Sri Lanka's economic crisis may encourage it to strengthen ties with India
Updated On : 07 Apr 2022 | 3:55 PM IST

Sri Lanka must restructure $1 bn debt, needs stability: Outgoing finmin

With its foreign exchange reserves shrinking quickly, massive debt payments due and the rupee currency slumping, analysts say the government is running out of options

Sri Lanka must restructure $1 bn debt, needs stability: Outgoing finmin
Updated On : 07 Apr 2022 | 2:37 PM IST

Credit insurance provider ECGC modifies country risk rating for Sri Lanka

The Mumbai-based company ECGC on Wednesday made changes to its underwriting policy for all transactions related to the outbound shipments to Sri Lanka.

Credit insurance provider ECGC modifies country risk rating for Sri Lanka
Updated On : 07 Apr 2022 | 10:29 AM IST

US advises its citizens against travelling to Sri Lanka amid crisis

Amid the ongoing unrest in Sri Lanka owing to its economic crisis, the United States on Wednesday advised its citizens against travelling to the island nation, pointing to the shortage

US advises its citizens against travelling to Sri Lanka amid crisis
Updated On : 07 Apr 2022 | 8:09 AM IST

LIVE: JEE-Mains rescheduled to June and July, NEET to be held on July 17

JEE (Main) dates rescheduled to enable students across the country to prepare well for the exams, says National Testing Agency

LIVE: JEE-Mains rescheduled to June and July, NEET to be held on July 17
Updated On : 06 Apr 2022 | 10:56 PM IST

'Resignations of key officials raise policy uncertainty in Sri Lanka'

Besides, the government declared a state of emergency and imposed a two-day countrywide curfew on April 2-3

'Resignations of key officials raise policy uncertainty in Sri Lanka'
Updated On : 06 Apr 2022 | 10:55 PM IST

Sri Lanka president Rajapaksa will not resign despite protests: Minister

Sri Lanka's President Gotabaya Rajapaksa will not resign, a minister said on Wednesday, despite protests against his handling of the country's worst economic crisis

Sri Lanka president Rajapaksa will not resign despite protests: Minister
Updated On : 06 Apr 2022 | 10:52 PM IST

Prez Gotabaya Rajapaksa will not resign under any circumstances: Lanka govt

The SL Govt said the president will not resign under any circumstances and will face current issues, as it defended embattled leader's decision to enforce a state of emergency, which he later revoked

Prez Gotabaya Rajapaksa will not resign under any circumstances: Lanka govt
Updated On : 06 Apr 2022 | 3:25 PM IST

Sri Lankan doctors to stage protests after hospitals run out of drugs

People have been suffering from shortages of fuel, power, food and other items for weeks, and doctors say the entire health system could now collapse

Sri Lankan doctors to stage protests after hospitals run out of drugs
Updated On : 06 Apr 2022 | 1:38 PM IST