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Colombo: Sri Lanka’s state-owned Ceylon Petroleum Corporation (CPC) has increased fuel prices to a record high. With the latest price hike on Monday, the price of Octane 92 petrol rose by 33.1 per cent to a record 338 Sri Lankan rupees ($1.04) a litre, and the price of auto diesel increased by 64.2 per cent […]
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New Delhi: Twitter users want Tesla CEO Elon Musk to acquire Sri Lanka instead of the microblogging site for $43 billion, as the country faces its worst economic crisis since its Independence. Many users on the platform shared their views and asked the tech billionaire to bail out the debt-ridden country. “Elon musk, if you […]
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The virtual collapse of the Sri Lankan economy comes as a wake-up call for the south Asian region with many nations battling similar woes and being sucked into the vortex of unmanageable debt. Colombo’s crisis has been in the making for more than a decade, largely due to the country’s excessive dependence on imports and […]
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By Dhananjay Tripathi The Russia-Ukraine war has stirred international politics, and we are slowly but surely entering into a new world order that will be multipolar where India’s role is critical. The recent visit of foreign dignitaries to New Delhi, including foreign ministers of China, Russia, and the UK, underlines the significance accorded to India […]
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Colombo: Amid the continued economic hardship in the country, Sri Lankan Health Ministry has said there is a shortage of some drugs and equipment in certain government hospitals. A shortage of supply of certain drugs occurred due to the delay in opening Letters of Credit in time including one given by India, Sri Lanka’s Newswire […]
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Colombo: Dismissing the possibility of a no-confidence motion like Pakistan to oust the present government in Sri Lanka, Leader of the Opposition Sajith Premadasa said that they will use their Constitutional provisions to change the government. Speaking to ANI, the Opposition leader said, “Pakistan has its own method of conducting democratic politics while we have […]
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Colombo: Calling India a “big brother”, former Sri Lankan cricketer Sanath Jayasuriya lauded the Indian government and Prime Minister Narendra Modi for sending help to the island nation as it battles the worst economic crisis since independence. “You know as always as a neighbour, the big brother of the next to our country has been […]
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Colombo: Sri Lanka’s newly-appointed Finance Minister Ali Sabry resigned on Tuesday, less than 24 hours after his appointment. Sabry said he had accepted the portfolio only as an interim measure, reports Xinhua news agency. He said he was also willing to step down from his parliamentary seat if the President wished to appoint a suitable […]
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Colombo: An emergency health situation has been declared in Sri Lanka from Tuesday because of the severe drug shortage in the country. This decision was announced after an emergency general committee meeting of the country’s Government Medical Officers’ Association (GMOA) to discuss the imposition of the emergency law and the severe drug shortage, the Daily […]
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It’s a tumultuous moment in the history of Sri Lanka whose fall from grace — from a reasonably stable economy, despite decades of ethnic war, to being caught in the worst financial crisis since independence — has shocked the world. The en masse resignation of all the 26 federal ministers amidst the raging public protests […]
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New Delhi/Columbo: Sri Lanka is reeling under a deep economic crisis as the country’s foreign reserves have been depleted and the Rajapaksa government is struggling to pay for the import of fuel. As a result, there is an acute power shortage in the country and violent protests are being reported. The government has declared an […]
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Colombo: Amid the ongoing unrest in Sri Lanka and ahead of a massive anti-government protest planned for Sunday, several social media users have complained of disruptions while trying to access Twitter, Facebook and YouTube, a media report said. According to a Daily Mirror report, rumours were rife since Saturday that there were plans to block […]
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Colombo: Indian Oil Corporation subsidiary in Sri Lanka on Saturday has supplied 6,000 MT of fuel to the Ceylon Electricity Board, to help ease the power crisis in the island country which is witnessing acute power cuts. The consignment of fuel is part of US 500 million oil line of credit extended by India. “Standing […]
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Colombo: Sri Lankan President Gotabaya Rajapaksa has declared a nationwide public emergency amidst a spate of protests, including outside his house, over the worst economic crisis in the island nation. Rajapaksa issued a special gazette notification late on Friday night, declaring a public emergency in Sri Lanka with immediate effect from April 1. In the […]
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Colombo: Amid the financial crisis, Sri Lanka will be experiencing 10-hour daily power cuts from Wednesday, announced Public Utilities Commission of the island nation. The Ceylon Electricity Board said in a statement that they were “compelled to take demand management measures due to inadequate power generation, as a result of fuel shortage and unavailability of […]
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Rising debt, shrinking foreign reserves, dismal fiscal and the pandemic are sinking the island nation Sri Lanka needs to make nearly $7 billion in payments on foreign loans this year. And its foreign reserves are dwindling fast. It faces huge debt obligations and is grappling with its worst economic meltdown since independence in 1948. The […]
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Grappling with the worst economic crisis since its independence, Sri Lanka gets a lifeline with India pitching in with a big help and extending a $1bn credit line to buy urgently needed food and medicines. Gestures such as this will generate goodwill for India and help in resetting the bilateral ties that suffered a strain […]
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Bengaluru: India scored an emphatic 238-run victory against Sri Lanka on Monday as they bowled out the visitors for 208 in the second innings of the second Test at the M Chinnaswamy Stadium here. Rohit Sharma-led team wrapped up the Test match inside three days and have swept the two-match series 2-0. Resuming the post-Tea […]
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Bengaluru: India declared their second innings at 303 for 9 during the final session of the second day to set Sri Lanka a mammoth target of 447 runs to win the second Test here on Sunday. India made the declaration when Axar Patel was out for 9 after India had played 68.5 overs in their […]
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Bengaluru: Shreyas Iyer who played a pivotal role in taking India’s total to 252 in the first innings of the second Test revealed how much the half-century on Day 1 at the M Chinnaswamy Stadium against Sri Lanka meant to him. Iyer scored 92 of 98 balls hitting 10 fours and four sixes on Saturday. […]
