Page 52 - Sri Lanka

Stalin seeks Centre's nod for providing humanitarian aid to Lankan Tamils

Stalin gave a detailed memorandum on various issues, including those related to the economic crisis in the island nation, during his meeting with Modi.

Sri Lankan Navy arrests 3 Indian fishermen for alleged poaching

The three fishermen aged 30, 35 and 57 respectively from Puddokotai district of Tamil Nadu were fishing in Karainagar waters when they were arrested late on Wednesday night.

Sri Lanka: No medicines, 10-hour power cuts as economic crisis worsens

Ceylon Petroleum requested the public not to queue for diesel on Wednesday and Thursday after the state-run refiner failed to unload a shipment of 37,500 metric tonnes of the fuel

Sri Lanka plunges into 10-hour daily power cut as fuel crisis worsens

The Sri Lankan government on Wednesday imposed a nationwide 10-hour daily power cut due to shortage of hydro-electricity triggered by non-availability of fuel. Sri Lanka is facing an unprecedented acute economic and energy crisis caused due to shortage of foreign exchange. A sudden rise in prices of key commodities and fuel shortage forced tens of thousands of people to queue for hours outside petrol filling stations. People are also facing long hours of power cuts daily. All essentials are in short supply due to import restrictions forced by the forex crisis. The daily power cuts in the island nation have been further extended Wednesday morning to 10 hours, officials said. The country has been facing a seven-hour power outage since the beginning of the month. There is a shortage of 750 megawatt due to non availability of fuel to generate thermal power, the chair of the Public Utilities Commission Janaka Ratnayaka said. State-run Ceylon Petroleum Corporation (CPC) has asked motor

Sri Lanka avoids recession in Dec quarter, GDP grows 3.7% in 2021

Sri Lanka's economy grew at a slower-than-expected 1.8% in the 4th quarter of the 2021 financial year, taking its full year growth to 3.7 per cent, data from the govt's statistics department showed

International peace can no longer be taken for granted: S Jaishankar

The Russia-Ukraine war has added to international disquiet and it has also underscored that the maintenance of international peace and security can no longer be taken for granted, S Jaishankar said

Crisis-hit Sri Lanka in talks with India for another $1.5-bn credit line

The country of 22 million people is struggling to pay for essential imports after a 70% drop in foreign exchange reserves in two years led to a currency devaluation

Sri Lanka seeks additional $1-bn credit line from India: Report

Sri Lanka faces an economic crisis as it struggles to pay for essential imports of food and fuel after a 70% drop in foreign exchange reserves since January 2020

S Jaishankar visits Lanka IOC to take stock of fuel supply situation

EAM S Jaishankar visited Lanka IOC, the local subsidiary of India's oil major Indian Oil Corporation here and took stock of the island nation's fuel supply situation

Jaishankar discusses economic situation, India's support with Sri Lankan FM

EAM S Jaishankar met Sri Lanka's Finance Minister Basil Rajapaksa and discussed with him the island nation's economic situation and India's support during its current foreign exchange crisis.

Jaishankar arrives in Lanka to hold bilateral talks, attend BIMSTEC summit

External Affairs Minister S Jaishankar arrived here on Sunday to hold bilateral talks with Sri Lanka's top leadership and attend the seven-nation BIMSTEC summit.

Amid deepening financial crisis, EAM Jaishankar to visit Sri Lanka

In a series of financial and humanitarian assistance by India, on March 18, $1 billion credit facility was extended to Sri Lanka as a "short term concessional loan facility"

EAM to visit Sri Lanka next week for bilateral talks, BIMSTEC engagements

The summit is being hosted by Sri Lanka in its capacity as the chair of the seven-nation grouping BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation)

Sri Lanka facing 'solvency' issues due to unsustainable debt levels: IMF

A summary of the IMF report released earlier in the month said Sri Lanka faced unsustainable debt levels and needed a 'credible and coherent' strategy to restore stability

EAM S Jaishankar begins five-day visit to Maldives and Sri Lanka

External Affairs Minister S Jaishankar embarked on a five-day visit to the Maldives and Sri Lanka on Saturday to explore the possibilities of further expansion of bilateral engagement

EAM Jaishankar on 4-day visit to Maldives and Sri Lanka starting today

Jaishankar will be visiting the Addu city in the Maldives, during which he will call on President Ibrahim Mohamed Solih and hold discussions with his Maldivian counterpart Abdulla Shahid

Lankan papers run out of newsprint due to forex crisis; suspend publication

Sri Lanka is facing its all-time worst foreign exchange crisis after the pandemic hit the nation's earnings from tourism and remittances

India taking up issue of 16 detained Tamil Nadu fishermen at highest level

Several MPs from Tamil Nadu have raised the issue, as the detained fishermen were from that state, and sought the government's intervention for their early release and repatriation

Faltering Sri Lanka holds strategic importance for India, shows data

The share in India's total exports declined from 2.16 per cent in FY15 to just 1.3 per cent in the first 10 months of the current financial year.

Banking system stable, says Sri Lanka as $1.4-bn bonds near maturity date

Sri Lanka faces an economic crisis as it struggles to pay for essential imports of food and fuel