Recent developments — in Sri Lanka, Nepal, and Pakistan — underline the geographic imperative that binds India to its neighbors in the Subcontinent. Together, they should remind the region’s leaders that working with the logic of geography has become an unavoidable necessity amidst the deepening regional and global crises accentuated by Russia’s war in Ukraine. … 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
Mahinda Rajapaksa, the wily 76-year-old patriarch of the powerful Rajapaksa clan, was once known as Sri Lanka’s man for all seasons, but the first anti-government protests triggered by the island nation’s first economic turmoil turned out to be a tsunami that forced him to resign as the prime minister. The island nation’s worst economic crisis … Read more
As Sri Lanka’s worst economic crisis in decades took root, prompting medical shortages and halting surgeries, Kavindya Thennakoon knew she had to do something. Before boarding a flight from San Francisco to Colombo, the Stanford graduate and co-founder of a digital education app posted on social media and asked those running low on supplies to … 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