A month ago, in an interview to The Indian Express, Ranil Wickremesinghe said he would “stay out” if asked to become Prime Minister of Sri Lanka again, as he did not have the numbers to form a government. Wickremesinghe is the sole member of his United National Party (UNP) in parliament. “I have not been … Read more
The recent political and economic crisis in Sri Lanka has prompted people to compare Nepal’s economic environment to that of Sri Lanka. But the nature and extent of problems in the respective countries are different. Though a few indicators look similar for both countries, Nepal’s growth rate this fiscal year has significantly improved from earlier … Read more
NEW DELHI: Sri Lanka’s economic crisis has only deepened further in the past few months, stemming from mismanaged government finances and ill-timed tax cuts in addition to the impact of Covid. Diminishing forex reserves, huge piles of debt, devaluation of currency, rising inflation and a falling economy has compelled the people to struggle for items … Read more
NEW DELHI: Sri Lanka’s armed forces were ordered on Tuesday to shoot at any persons damaging public property or threatening lives, Defense Ministry spokesman Nalin Herath said. The island nation has been rocked by a bout of violence that has left at least eight people dead and 200 injured amid its worst economic crisis in … Read more
India oi-Prakash KL | Published: Tuesday, May 10, 2022, 12:07 [IST] New Delhi, May 10: The anti-government protests in Sri Lanka triggered by the island nation’s first economic turmoil turned out to be a tsunami that forced Mahinda Rajapaksa to resign as the prime minister of the country. The crisis is caused in part by … Read more
The Tamil Nadu Assembly’s move to pass a resolution Friday urging the Center to allow the state government to send humanitarian aid to the people of Sri Lanka came in the wake of the BJP-led central government not responding to its similar requests made earlier. The resolution was brought by the DMK-led government in the … Read more