Sri Lanka Economic Crisis

Friday, Apr 26, 2024 | Last Update : 09:24 PM IST

Sri Lanka economic crisis

New Delhi also denied “baseless and speculative” reports in a section of the Sri Lankan media about interference on its part in the polls. (Bloomberg)

India says no poll interference: 'Back Sri Lanka quest for stability'

Observers see Mr Wickremesinghe’s victory as good news for India as he has a particularly good working relationship with New Delhi

21 Jul 2022 8:35 AM

The grandiose Hambantota port project in Sri Lanka, which once had the same bunch of Indian “strategic thinkers” in a tizzy, hosts no ships and doesn’t earn much. China is now pressuring Sri Lankans to service its debt and is seeking to extract some more in lieu of that. (Wikimedia)

Mohan Guruswamy | China’s Belt and Road drive was just another mousetrap

China is now pressuring Sri Lankans to service its debt and is seeking to extract some more in lieu of that

18 Jul 2022 11:53 PM

External affairs minister S. Jaishankar. (PTI Photo)

Centre to hold all-party meeting on Sri Lanka crisis tomorrow

Tamil Nadu parties mount pressure on government

18 Jul 2022 7:03 AM

Girls display their arms painted with message "Ranil go home' referring to Prime Minister Ranil Wickremesinghe at the protest site in Colombo. (AP)

Sunanda K. Datta-Ray | Keep race, religion out in a Sri Lankan revival plan

It’s a moot point whether Colombo would have placed itself at Beijing’s mercy to this extent if it had not been for the India factor

17 Jul 2022 11:31 PM

A protester waves a national flag outside president Gotabaya Rajapaksa's office in Colombo, Sri Lanka, Wednesday, July 13, 2022. (AP Photo/Eranga Jayawardena)

Rajapaksa still in Maldives, awaits private jet to depart for Singapore: Report

Rajapaksa, his wife Loma and their two security officers were expected to leave for Singapore on board SQ437 from Male on Wednesday night

14 Jul 2022 10:41 AM

Sri Lanka army soldiers patrol near the official residence of president Gotabaya Rajapaksa three days after it was stormed by anti government protesters in Colombo in Colombo, Sri Lanka. (AP)

Syed Ata Hasnain | India must act with care amidst Lanka imbroglio

A $51 billion debt, with debt servicing of $7 billion needed this year, is proving unmanageable

13 Jul 2022 11:34 PM

A man waves Sri Lanka's national flag outside presidential secretariat in Colombo on July 13, 2022. - Sri Lanka is mired in a deep political and economic crisis, and on July 13, the country's president flew out of the country days after a huge crowd of protesters stormed his residence. (Arun SANKAR / AFP)

Sri Lanka president Rajapaksa flees to Maldives amid public revolt against his govt

As president, Rajapaksa enjoys immunity from arrest, and he is believed to have wanted to go abroad before stepping down

13 Jul 2022 11:33 AM

People sit by the swimming pool as they throng President Gotabaya Rajapaksa's official residence on the second day after it was stormed in Colombo, Sri Lanka, Monday, July 11, 2022.

Sri Lanka president Gotabaya Rajapaksa hits airport standoff in escape attempt

Gotabaya Rajapaksa has promised to resign on Wednesday and clear the way for a 'peaceful transition of power'

12 Jul 2022 11:29 AM

A man checks the debris of the burnt private residence of prime minister Ranil Wickremesinghe in Colombo, Sri Lanka, Sunday, July 10, 2022. (AP)

Amid escalating Colombo crisis, India vows it will 'stand with people of Sri Lanka'

Several Indian political parties urged the government to proactively help crisis-ridden Sri Lanka

10 Jul 2022 11:58 PM

Anti government protesters swim in a swimmingpool of the Sri lankan president's official residence after storming into it in Colombo, Sri Lanka, Saturday, July 9, 2022. (AP)

Sri Lankan president Gotabaya Rajapaksa to quit after chased from home

Hundreds of thousands massed in Colombo demanding Rajapaksa take responsibility for shortages of medicines, food and fuel

10 Jul 2022 12:20 PM

Firefighters try to douse a fire at the Sri Lankan prime minister Ranil Wickremesinghe's private residence, in Colombo, Sri Lanka , Saturday, July, 9, 2022. (AP Photo)

Lanka PM's home set on fire, Prez flees

Chaos as protesters take to streets

10 Jul 2022 12:33 AM

Ranil Wickremesinghe (Ishara S. KODIKARA / AFP)

Sri Lanka PM Ranil Wickremesinghe appointed Finance Minister by Prez Gotabaya

Wickremesinghe relies on all political parties to support him in his immediate task of reviving the ailing economy

25 May 2022 12:38 PM

A port worker stands by a ship that carried emergency supplies granted as humanitarian aid by Tamil Nadu government to Sri Lankan people at a port in Colombo, Sri Lanka, Sunday, May 22, 2022. (AP Photo/Eranga Jayawardena)

Crisis-hit Sri Lanka hikes fuel prices to record high

The price of diesel was raised from Rs. 289 to Rs. 400 a litre, while the cost of a litre of petrol was increased from 338 to 420 rupees

24 May 2022 12:15 PM

'India big brother to Sri Lanka': Namal Rajapaksa thanks India for humanitarian aid

India handed over a large amount of humanitarian assistance consignment worth over Rs 2 billion to Sri Lanka which reached Colombo on Sunday

23 May 2022 12:33 PM

Sri Lanka's President, Gotobaya Rajapaksa. (Twitter)

K.C. Singh | Sri Lanka, India & China: The Great Game resumes

India has a great opportunity to rebuild its hold on maritime neighbourhood, when the Opposition has begun an anti-India chant in Maldives

17 May 2022 12:49 AM

Security personnel walk past a burned vehicle along a road, a day after they were torched by protesters in Colombo on May 10, 2022. (Photo by ISHARA S. KODIKARA / AFP

Mahinda flees to Navalbase as Rajapaksa houses burnt

Shoot orders in Colombo, India backs 'democracy, stability'

11 May 2022 8:26 AM

Activists stage a mock ritual to exorcise demons outside the official residence of Sri Lanka's Prime Minister Mahinda Rajapaksa while demanding the resignations of Mahinda and President Gotabaya Rajapaksa over the country's crippling economic crisis, in Colombo (Ishara S. KODIKARA / AFP)

Lanka crisis: Prime Minister Mahinda Rajapaksa may offer resignation today

Rajapaksa was hooted and catcalled by the angry public who are on the streets demanding fuel, cooking gas and an end to power cuts

09 May 2022 12:15 PM

Sri Lankans block an intersection demanding cooking gas cylinders in Colombo, Sri Lanka, Saturday, May 7, 2022. (AP)

India rubbishes report of Sri Lanka using Line of Credit to import water cannons

Issuing a statement, the Indian embassy made it clear that the reports suggesting such use of India's assistance as 'factually incorrect'

08 May 2022 12:27 PM

Sri Lankans protesting against the economic crisis lie on the road outside Prime Minister Mahinda Rajapaksa's official residence demanding the government step-down in Colombo, Sri Lanka, Sunday, May 1, 2022. (AP Photo/Eranga Jayawardena)

Lankan Parliament crucial session after Oppn moves no-trust motion against Govt, Prez

Sri Lankan government announced the appointment of a Cabinet sub-committee to look into the proposal for a new Constitution

04 May 2022 11:06 AM

Mahinda Rajapaksa, left, and his brother Gotabaya Rajapaksa wave to supporters during a party convention held to announce the presidential candidacy in Colombo, Sri Lanka. (AP file photo)

Lawmaker: Sri Lanka president agrees to remove brother as PM

Gotabaya agreed that a national council will be appointed to name a new prime minister and Cabinet comprised of all parties in Parliament

30 Apr 2022 2:00 AM

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Sunil Gatade