Page 28 - Economic Crisis
Traffic at Indian ports jumps after trouble in the Colombo port
The political and economic uncertainties in Sri Lanka and the congestion at the Colombo port are forcing more ships to turn towards Indian ports in recent months.
Rajapaksa's coalition loses majority; newly appointed FM resigns in a day
Emergency health situation declared; ex-central banker Weerasinghe accepts offer to be new governor
US Dollar reaches over 300 against Sri Lankan rupee for first time
Sri Lankan banks on Tuesday said US dollar reached over 300 against the country's rupee, LKR, for the first time, as the nation is facing a severe economic crisis with the shortage of foreign exchange
Is Sri Lanka the next Argentina?
As Sri Lanka makes another crucial political transition, it faces a major risk of macroeconomic instability
Sanjay Raut terms SL's situation 'worrisome', warns India on same path
Shiv Sena leader Sanjay Raut on Tuesday called Sri Lanka's situation "worrisome" and cautioned that India would be on the same path if the rising inflation is not tackled
Lankan economic crisis: Rajapaksa's grip on power weakens, FM resigns
The parliamentary majority of Sri Lanka's ruling coalition headed by President Rajapaksa has come under threat with dissident lawmakers, led by former president Maithripala Sirisena
Sri Lankan President Rakapaksa's party loses majority in Parliament
Tuesday's development comes amid an ongoing turmoil in the island nation due to the country's worst ever economic crisis, triggering widespread anti-government protests
What is the road ahead for India as fresh Covid-19 cases dip below 1,000
Fresh cases of Covid-19 dropped below 1,000-mark on Monday -- the lowest since April 2020 when it all began. The signs of recovery are apparent now. Can we afford to lower the guard now?
Sri Lanka caught in a 'strategic debt trap', faces worst economic crisis
Sri Lanka, a flourishing island nation of 22 million, has finally fallen to China's debt-trap diplomacy
Sri Lankan President Rajapaksa says he won't resign amid crisis
Amid the ongoing political in Sri Lanka triggered by the massive economic crisis, President Gotabaya Rajapaksa has said that he will not resign
Sri Lanka finance minister sacked, central bank governor calls it quits
The debt-laden country, run by Rajapaksa and several members of his family since 2019, is struggling to pay for imports of fuel and other goods due to a scarcity of foreign exchange
Sri Lanka names new ministers as old team quits amid economic crisis
The reshuffle comes amid Sri Lanka's struggle with a severe dollar shortage that prompted capital controls and import curbs.
Sri Lankan president calls for unity govt to resolve economic crisis
The developments come after Gotabaya Rajapaksa declared a state of emergency on Friday, following protests over the economic hardship faced by the people of the country
Sri Lanka's economic crisis deepens; cabinet ministers offer to resign
The debt-laden country is struggling to pay for imports of fuel and other essentials due to a severe shortage of foreign currency
Sri Lanka's PM Mahinda Rajapaksa may resign amid growing economic unrest
Sri Lanka's Prime Minister Mahinda Rajapaksa and Finance Minister Basil Rajapaksa may step down as early as Sunday as public anger builds against their economic policies
Lankan Prez Rajapaksa bans appearance at public places during curfew hours
Rajapaksa issued a special gazette notification on Friday, declaring a public emergency in Sri Lanka with effect from April 1
Lanka imposes curfew as food, fuel and power shortage trigger more protests
The island wide curfew has been imposed with effect from 6 pm Saturday to 6 am Monday (April 4), the information department said
Lanka economic crisis: Ruling coalition urges Prez to form all-party govt
Sri Lanka's former president Maithripala Sirisena's Freedom Party has called on President Gotabaya Rajapaksa to form an all-party government to tide over the worst economic crisis
Sri Lanka declares state of emergency amid economic crisis, unrest
Sri Lanka's President Gotabaya Rajapaksa has declared a state of emergency in the country giving the security forces wide authority to arrest and detain suspects with immediate effect.
How Sri Lanka's economy spiralled into crisis: An explainer
A severe shortage of foreign currency has left Rajapaksa's government unable to pay for essential imports, including fuel, leading to debilitating power cuts lasting up to 13 hours
