International Monetary Fund (IMF) data shows the economy's net international reserves have been negative since December last year
The country of 20 million people is suffering its worst economic crisis in decades, short supply of fuel resulting in hours-long power cuts every day
This is because there's no demand for Indian goods at present, except for essential items that India is supplying under humanitarian grounds
The official, speaking on the condition of anonymity, said the forces would likely be redirected towards eastern Ukraine, but it was still not confirmed
The enraged public has been demanding the resignation of President Gotabaya Rajapaksa.
Travel firms and hotels say they have not recorded cancellations, but the island declaring a national emergency is worrying for business.
India on Saturday delivered 40,000 MT of diesel to Sri Lanka to help ease the power crisis in the island country which is witnessing acute power cuts.
As the shipment arrived, the Ceylon Electricity Board (CEB) announced that 13-hour power cuts would now be reduced to nearly 2 hours from Sunday.
Sri Lanka is facing an unprecedented economic and energy crisis caused due to shortage of foreign exchange
Power cuts lasting over 13 hours came to be in place on Thursday, the longest cut since 1996 when a strike by the state power entity employees caused a 72-hour black out
India and Sri Lanka have signed six agreements to boost bilateral cooperation in diverse sectors like technology, fisheries and hybrid power projects, the Indian High Commission here has said
The economic crisis in Sri Lanka has forced the country to give up on its primary needs including healthcare
Sri Lanka faces an economic crisis as it struggles to pay for essential imports of food and fuel after a 70% drop in foreign exchange reserves since January 2020
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PM Modi conveyed to visiting Sri Lankan Finance Minister Basil Rajapaksa that India would always stand with the island nation as it occupies a central role in New Delhi's 'neighbourhood first policy'.
Sri Lanka's government last year reached out to India, among other countries, to negotiate credit lines and currency swaps
Sri Lanka is set to finalise another credit facility with India for food, medicine and other essential items which would help the island nation facing the worst economic crisis in decades
The 111-run off 27 overs during the session came at brisk pace, courtesy India's spin twins.
India in the last six months has provided assistance on several fronts to its tiny neighbour to tide over its economic crisis.