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Topic result for economic-crisis

External Affairs Minister Dr S Jaishankar
Centre extended 8 Lines of Credit worth 1850.64 mn dollars to SL in past 10 yrs

Under its 'Neighbourhood First' policy, the government is committed to developing friendly and mutually beneficial relations with all its neighbours.

Power outage stops Sri Lankan President's swearing-in ceremony, CID to probe
Power outage stops Sri Lankan President's swearing-in ceremony, CID to probe

Wickremesinghe, 73, was sworn in as the 8th Executive President of Sri Lanka at the Parliament complex before Chief Justice Jayantha Jayasuriya.

Lanka state-owned TV goes off air as protesters storm building
Lanka state-owned TV goes off air as protesters storm building

The protesters had been provided some 15 minutes to convey their side of the story to the viewers, after which the channel suspended transmission.

President Rajapaksa will resign today as promised, says Speaker
President Rajapaksa will resign today as promised, says Speaker

He said the vote for the new president will take place on July 20 and urged citizens to remain calm.

Union External Affairs Minister S Jaishankar
Indian govt supportive of Sri Lanka, trying to help it: External Affairs Minister Jaishankar

"They are right now working through their problems, so we have to wait and see what they do."

Anti-govt protesters storm SL President's house
Anti-govt protesters storm SL President's house

At least 20 people have been hospitalised following violent clashes between the police and the protesters.

13th death reported in Sri Lanka fuel queues
13th death reported in Sri Lanka fuel queues

On Monday, a 60-year-old man was found dead in his car in Colombo while he was awaiting for his turn at a fuel station run by the Lanka Indian Oil Company (IOC).

Ship carrying relief materials from India for Sri Lankan people reaches Colombo
Ship carrying relief materials from India for Sri Lankan people reaches Colombo

Tamil Nadu Chief Minister M K Stalin had flagged off the ship laden with relief supplies, the first to be dispatched to Sri Lanka, from Chennai on Wednesday.

Sri Lanka
Sri Lanka defaults on debt for first time in its history

Sri Lanka is seeking to restructure debts of more than $50bn it owes to foreign creditors to make it more manageable to repay.

Sri Lanka: Military given shooting orders to quell spread of violence
Sri Lanka: Military given shooting orders to quell spread of violence

Going through its worst economic crisis, Sri Lanka on Monday was engulfed with violence after supporters of resigned Prime Minister Mahinda Rajapaksa attacked the peaceful protesters, who are on the streets for more than a month now, raising their voice against the severe economic crisis the country is going through.

India fully supportive of Sri Lanka's democracy, stability & economic recovery: MEA
India fully supportive of Sri Lanka's democracy, stability & economic recovery: MEA

The island nation has been witnessing widespread protests in the last few days.

Sri Lanka
Sri Lankan President Gotabaya Rajapaksa declares state of emergency; PM Mahinda Rajapaksa refuses to quit

Rajapaksa had declared emergency on April 1 also after a mass protest opposite his private residence. He had revoked it on April 5.

Humanitarian situation in Syria dire amid economic crisis: UN official
Humanitarian situation in Syria dire amid economic crisis: UN official

As the eyes of the world turn to other conflicts, Syria is on the verge of becoming a forgotten crisis. Yet millions of Syrians struggle each month to survive. For many, their situation has never been direr since the civil war erupted in 2011, she told the Security Council on Tuesday.

Sri Lanka
World Bank ready to provide emergency support to Sri Lanka: report

With the economic crisis and the shortage of forex, an Indian credit line of USD 500 million for fuel imports provided a lifeline to the island nation.

Beleaguered Sri Lanka Prez admits mistakes, apologises to people
Beleaguered Sri Lanka Prez admits mistakes, apologises to people

Rajapaksa also justified the public anger over the unbearable cost of living, but refused to give up his post despite mounting public pressure around the country with massive protests demanding him to step down.

Sri Lanka Turmoil
Sri Lanka In Turmoil: Tracking The Collapse & Chaos

Sri Lanka In Turmoil: Tracking The Collapse & Chaos

Sri Lanka
Crisis-Hit Sri Lanka Announces Debt Default

The debt servicing suspension will be in force for an interim period pending an orderly and consensual restructuring consistent with the proposed arrangement with the IMF.

Sri Lanka Crisis
WATCH | Protest Continue To Erupt In Crisis-Torn Sri Lanka

WATCH | Protest Continue To Erupt In Crisis-Torn Sri Lanka

Sri Lanka Prez
Sri Lanka Appoints Advisory Panel To Help Resolve Growing Debt Crisis, Engage With IMF

Speaking in Parliament on Wednesday, Chief Government Whip Johnston Fernando said the government will face this problem and there is no reason for President Gotabaya Rajapaksa to resign as he was elected to office.

Sri Lankan Prez
SL Prez Revokes Emergency Law With The Doubt Of Defeat In Parliament

Soon after the government lost the majority power on Tuesday, Tamil National Alliance (TNA), the main Tamil party representing Tamils from the North and East of the island nation, questioned continuity of Emergency regulation.