Sri Lanka Economic Crisis: India rushes meals, drugs to bankrupt Sri Lanka | World News – Times of India

COLOMBO: Sri Lanka approved a rice and prescribed drugs cargo from neighboring India on Friday because the island country battles an extraordinary financial disaster that has left grocery store cabinets and pharmacy cupboards empty. A important scarcity of foreign currency echange has left Sri Lanka not able to pay for sufficient imported meals, gas and … Read more

India to reinforce crisis-hit Sri Lanka’s financial restoration – Times of India

COLOMBO: India’s best diplomat held talks with Sri Lanka’s president and high minister on Thursday as India signaled its willingness to head past the $4 billion in loans, swaps and support that it has already supplied its cash-strapped neighbour. Sri Lanka is dealing with its worst financial disaster in seven a long time, with a … Read more

Sri Lanka PM says financial system ‘has collapsed,’ not able to shop for oil

COLOMBO, Sri Lanka — Sri Lanka’s debt-laden financial system has “collapsed” after months of shortages of foodgasoline and electrical energy, its high minister informed lawmakers Wednesday, in feedback underscoring the rustic’s dire state of affairs because it seeks assist from global lenders. Prime Minister Ranil Wickremesinghe informed Parliament the South Asian nation is “facing a … Read more

Bankrupt Sri Lanka opens IMF talks, starts shutdown – Times of India

COLOMBO: Sri Lanka closed faculties and halted non-essential govt products and services on Monday, beginning a two-week shutdown to preserve fast-depleting gas reserves because the IMF opened talks with Colombo on a imaginable bailout. The nation of twenty-two million other folks is within the grip of its worst financial disaster after working out of foreign … Read more

Sri Lanka seeks $55 million mortgage from India for getting fertilizer – Times of India

COLOMBO: Sri Lanka has sought a $55 million mortgage from India for the procurement of urea amidst its worst financial disaster threatening a serious meals scarcity, an reliable stated on Tuesday. Prime Minister Ranil Wickremesinghe had lately warned of a meals disaster within the island country because of the continuing financial disaster. The Cabinet has … Read more

Sri Lanka police tear-gas scholars in recent clashes – Times of India

COLOMBO: Police fired tear gasoline to disperse 1000’s of scholars seeking to typhoon the Sri Lankan president’s house Sunday as the federal government introduced an olive department to demonstrators tough his resignation. Anti-riot squads used water cannon adopted through tear gasoline, as protesters pulled down yellow iron barricades throughout a highway resulting in President Gotabaya … Read more

Sri Lanka PM sworn-in as finance minister – Times of India

NEW DELHI: Sri Lankan Prime Minister Ranil Wickremesinghe was once sworn in as the rustic’s finance minister on Wednesday. He will now lead talks with the International Monetary Fund (IMF) for a mortgage program to have the ability out of a devastating financial crisisthe president’s place of job introduced. “Prime Minister Ranil Wickremesinghe was sworn … Read more

Ranil at the runway

Published: Published Date – 12:32 AM, Sun – 22 May 22 By Amitava Mukherjee There are rather a couple of the reason why Gotabaya Rajapaksa, the President of Sri Lanka, appointed Ranil Wickremesinghe because the Prime Minister of the rustic. First, Ranil Wickremesinghe is understood to be as regards to the Rajapaksa circle of relatives … Read more

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