Sri Lanka Economic Crisis

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/yTsYUpOQppE" title="YouTube video player" width="560"></iframe></p> <p> With a shortage of food, essential good, electricity blackouts, people are fleeing to …

<p> The Sri Lankan economic crisis—rising costs of food and long queues for fuel are pushing out Sri Lankan families to Tamil Nadu. The families that migrated to India hail …

<p> <strong>Sipping a cup of humble tea in Sri Lanka is now a luxury. For Sri Lankans, milk tea made of strong tea with powdered milk and usually sugar – …

<p> <strong>Amid an acute economic crisis, Sri Lankan finance minister Basil Rajapaksa will visit India. New Delhi is likely to announce another $1 billion line of credit to Colombo, which …

<p> <strong>Sri Lanka’s retail sector, accounting for 23 per cent of the country’s GDP, has been one of the worst impacted by the Covid 19 pandemic.</strong></p> <p> Many have had …

<p> <strong>Sri Lanka’s industrial production in December has shown some signs of revival. Official data indicated that the country’s Index of Industrial Production (IIP)- an indicator of the manufacturing activities—stood …

<p> <strong>India has delivered 40,000 metric tonnes of fuel to cash strapped Sri Lanka to help it in preventing disruption of diesel supply.  The consignment was handed over by the …

<p> <strong>For cash strapped Sri Lanka, the start to this year has been promising with foreign tourists beginning to arrive. And India was the second largest source of tourist traffic …

<p> <strong>Even as a near bankrupt Sri Lanka averted a default by repaying $500 million international sovereign bond (ISB) in January, anxious global investors are monitoring the economic situation closely. …

<p> India and Sri Lanka plan to strengthen their economic and development relations in order to support the island nation during its economic crisis.</p> <p> Sri Lankan Foreign Minister GL …

<p> Sri Lanka plans to buy 40,000 metric tons of diesel and petrol each from Lanka IOC (LIOC)–the Sri Lankan subsidiary of the Indian Oil Corporation (IOC).<br /> <br /> …

<p> <strong>Amid intense scrutiny and fast deteriorating economic situation, Sri Lanka averted a default repaying $500 million international sovereign bond (ISB) that matured on January 18. But the island nation, …

<p> Sri Lanka on Wednesday faced a severe crisis after it had to shut down the Kelanitissa Power Plant during the night due to the lack of diesel. The power …

<p> Sri Lankan President Gotabaya Rajapaksa has requested visiting Chinese Foreign Minister Wang Yi to restructure the debt repayment in a bid to salvage the foreign exchange and inflation crisis.</p> …

<p> Indian travelers headed the list of tourists to Sri Lanka in 2021, giving hope of tourism revival in the cash-strapped country. <br /> <br /> Despite the coronavirus pandemic which …

<p> <strong>Looking beyond China, Sri Lanka is planning a major expansion of military coordination, as well as trade investment, with South Korea.</strong></p> <p> This includes Colombo not only working extensively …

<p> <strong>Will Sri Lanka restructure its albatross-like external debt? After the country’s foreign exchange reserves dipped to $1.6 billion in November, it improved to $3.1 billion in December. But is …

<p> <strong>As the economic crisis deepens in Sri Lanka pushing the island nation on the brink of bankruptcy, scores of citizens are looking to relocate to other countries. Citizens, who …

<p> India is likely to extend a financial deal to Sri Lanka to help it tide over its foreign exchange woes even as it pursues the island nation to jointly …