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Page 49 - Sri Lanka

'Go home': Protests leave Sri Lanka's ruling Rajapaksa dynasty teetering

In 2020, Mahinda Rajapaksa won elections to become Sri Lanka's prime minister, serving under his brother and president Gotabaya. In 2021, another sibling, Basil, was named finance minister

'Go home': Protests leave Sri Lanka's ruling Rajapaksa dynasty teetering
Updated On : 06 Apr 2022 | 12:48 PM IST

Sri Lanka's political crisis should end with snap election: Nanayakkara

Sri Lanka's ongoing political turmoil triggered by the country's unprecedented economic crisis can be ended with a snap election, veteran left-wing politician Vasudeva Nanayakkara said on Wednesday

Sri Lanka's political crisis should end with snap election: Nanayakkara
Updated On : 06 Apr 2022 | 11:32 AM IST

UN rights office concerned over Sri Lanka's deepening economic crisis

The UN human rights office (OHCHR) on Tuesday expressed concern over the deepening economic crisis in Sri Lanka and urged the government to defuse tensions peacefully.

UN rights office concerned over Sri Lanka's deepening economic crisis
Updated On : 06 Apr 2022 | 6:53 AM IST

Sri Lankan President Gotabaya Rajapaksa revokes State of Emergency

Sri Lanka President Gotabaya Rajapaksa on Tuesday issued a notification revoking the proclamation issued declaring the State of Emergency

Sri Lankan President Gotabaya Rajapaksa revokes State of Emergency
Updated On : 06 Apr 2022 | 6:52 AM IST

Traffic at Indian ports jumps after trouble in the Colombo port

The political and economic uncertainties in Sri Lanka and the congestion at the Colombo port are forcing more ships to turn towards Indian ports in recent months.

Traffic at Indian ports jumps after trouble in the Colombo port
Updated On : 06 Apr 2022 | 6:14 AM IST

Rajapaksa's coalition loses majority; newly appointed FM resigns in a day

Emergency health situation declared; ex-central banker Weerasinghe accepts offer to be new governor

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Updated On : 05 Apr 2022 | 10:23 PM IST

Cash-strapped Sri Lanka to shut embassies in Norway and Iraq

The ministry further stated that it will carefully monitor the transition process

Cash-strapped Sri Lanka to shut embassies in Norway and Iraq
Updated On : 05 Apr 2022 | 8:45 PM IST

SIAM requests GoI to include auto spares in Line of Credit to Sri Lanka

India has recently announced $1-bn line of credit to Sri Lanka to help the country tide over the current economic crisis

SIAM requests GoI to include auto spares in Line of Credit to Sri Lanka
Updated On : 05 Apr 2022 | 5:15 PM IST

US Dollar reaches over 300 against Sri Lankan rupee for first time

Sri Lankan banks on Tuesday said US dollar reached over 300 against the country's rupee, LKR, for the first time, as the nation is facing a severe economic crisis with the shortage of foreign exchange

US Dollar reaches over 300 against Sri Lankan rupee for first time
Updated On : 05 Apr 2022 | 5:09 PM IST

Is Sri Lanka the next Argentina?

As Sri Lanka makes another crucial political transition, it faces a major risk of macroeconomic instability

Is Sri Lanka the next Argentina?
Updated On : 05 Apr 2022 | 5:08 PM IST

Sri Lankan government in disarray as economic crisis deepens

Possible next steps could be the appointment of a new prime minister replacing the president's elder brother, Mahinda Rajapaksa, or snap parliamentary elections much ahead of a scheduled vote in 2025.

Sri Lankan government in disarray as economic crisis deepens
Updated On : 05 Apr 2022 | 3:40 PM IST

Sanjay Raut terms SL's situation 'worrisome', warns India on same path

Shiv Sena leader Sanjay Raut on Tuesday called Sri Lanka's situation "worrisome" and cautioned that India would be on the same path if the rising inflation is not tackled

Sanjay Raut terms SL's situation 'worrisome', warns India on same path
Updated On : 05 Apr 2022 | 3:40 PM IST

Sri Lanka's newly-appointed Finance Minister resigns in less than 24 hours

Sabry also told local media that his resignation was to pave the way for establishing an interim government

Sri Lanka's newly-appointed Finance Minister resigns in less than 24 hours
Updated On : 05 Apr 2022 | 3:34 PM IST

Sanjay Raut terms Lanka's situation 'worrisome', warns India on same path

Shiv Sena leader Sanjay Raut on Tuesday called Sri Lanka's situation "worrisome" and cautioned that India would be on the same path if the rising inflation is not tackled.

Sanjay Raut terms Lanka's situation 'worrisome', warns India on same path
Updated On : 05 Apr 2022 | 2:36 PM IST

Lankan economic crisis: Rajapaksa's grip on power weakens, FM resigns

The parliamentary majority of Sri Lanka's ruling coalition headed by President Rajapaksa has come under threat with dissident lawmakers, led by former president Maithripala Sirisena

Lankan economic crisis: Rajapaksa's grip on power weakens, FM resigns
Updated On : 05 Apr 2022 | 2:30 PM IST

Sri Lanka's new finance minister resigns a day after appointment

Sri Lanka is currently experiencing its worst economic crisis in history

Sri Lanka's new finance minister resigns a day after appointment
Updated On : 05 Apr 2022 | 1:33 PM IST

Local currency trading with Sri Lanka not feasible, says govt official

This is because there's no demand for Indian goods at present, except for essential items that India is supplying under humanitarian grounds

Local currency trading with Sri Lanka not feasible, says govt official
Updated On : 05 Apr 2022 | 1:32 PM IST

Sri Lankan President Rakapaksa's party loses majority in Parliament

Tuesday's development comes amid an ongoing turmoil in the island nation due to the country's worst ever economic crisis, triggering widespread anti-government protests

Sri Lankan President Rakapaksa's party loses majority in Parliament
Updated On : 05 Apr 2022 | 1:14 PM IST

Monitoring political, economic developments in Sri Lanka very closely: IMF

The International Monetary Fund (IMF) said on Tuesday that it is monitoring political and economic developments in Sri Lanka "very closely" as public unrest in the island nation grows

Monitoring political, economic developments in Sri Lanka very closely: IMF
Updated On : 05 Apr 2022 | 10:03 AM IST

Sri Lanka caught in a 'strategic debt trap', faces worst economic crisis

Sri Lanka, a flourishing island nation of 22 million, has finally fallen to China's debt-trap diplomacy

Sri Lanka caught in a 'strategic debt trap', faces worst economic crisis
Updated On : 05 Apr 2022 | 9:47 AM IST