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
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
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.
Sri Lanka President Gotabaya Rajapaksa on Tuesday issued a notification revoking the proclamation issued declaring the State of Emergency
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.
Emergency health situation declared; ex-central banker Weerasinghe accepts offer to be new governor
The ministry further stated that it will carefully monitor the transition process
India has recently announced $1-bn line of credit to Sri Lanka to help the country tide over the current economic crisis
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
As Sri Lanka makes another crucial political transition, it faces a major risk of macroeconomic instability
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.
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
Sabry also told local media that his resignation was to pave the way for establishing an interim government
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.
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
Sri Lanka is currently experiencing its worst economic crisis in history
This is because there's no demand for Indian goods at present, except for essential items that India is supplying under humanitarian grounds
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
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
Sri Lanka, a flourishing island nation of 22 million, has finally fallen to China's debt-trap diplomacy