Sri Lanka

Former Sri Lankan PM Rajapaksa questioned by CID over May 9 violence

The Sri Lankan police have questioned former prime minister Mahinda Rajapaksa and recorded a 3-hour-long statement over the violent clashes between his supporters and anti-government protesters

Union Finance Minister Nirmala Sitharaman will join her Japanese counterpar

Sitharaman will join her Japanese counterpart and a senior French finance ministry official in Washington to announce Sri Lanka's debt restructuring negotiations process, the IMF has announced

My aim is to save Sri Lanka, not a 'person or family': PM Wickremesinghe

US dollars will be sourced from open markets to pay for petrol and crude, says veteran politician.

Sri Lanka can't find cash to pay even one ship for petrol, says minister

Prime Minister has said the nation is working to obtain dollars in the open market to also pay for three ships with crude oil.

Sri Lanka could face shortage of fuel by third week of Jan: Energy Minister

The Sri Lankan government on Tuesday had announced a USD 1.2 billion economic relief package amidst a severe foreign exchange crisis

Expect breakthrough in Vande Bharat export efforts: RITES CMD Rahul Mithal

'From the last lot of coaches and diesel electric multiple units exported to Sri Lanka, we are expecting a revenue of close to Rs 100 crore'

Sri Lanka PM appointed as finance minister, to lead debt talks with IMF

He has held talks with foreign envoys, including from India, China and the US, and discussed with representatives from ADB and World Bank ways to replenish food, fertilizer and medicine supplies

Fuel distribution in Sri Lanka gets more difficult amid public unrest

Fuel distribution in crisis-hit Sri Lanka has become more challenging due to public anger and a record hike in fuel prices with people many a times spending more than a day to get fuel

World Bank rules out new loan commitments to crisis-hit Sri Lanka

The World Bank has ruled out bridge financing or new loan commitments to crisis-hit Sri Lanka until the island nation's economy sets up an adequate macroeconomic policy framework

Default threat reaches Pak as inflation rises, political crisis worsens

Without a bailout from the International Monetary Fund, Pakistan may default for the second time in its history amidst inflation at its peak.

Sri Lanka hikes fuel prices; petrol at all-time high of Rs 420 per litre

Sri Lanka raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country's worst economic crisis due to the shortage of foreign exchange reserves

Lanka seeks $500-mn loan from India for fuel purchases amid forex crisis

The economic crisis has also triggered a political crisis in Sri Lanka and a demand for the resignation of President Gotabaya Rajapaksa

Sri Lanka inflation could top 40%, warns PM Ranil Wickremesinghe

'We have no rupee revenue, and now we have to print another (one) trillion rupees,' he said

LIVE: Govt allows import of 20 lakh MT each of crude soybean, sunflower oil

This is for a period of 2 years at nil rate of customs duty and Agricultural Infrastructure and Development Cess

Sri Lanka picks Lazard, Clifford Chance as advisers for debt restructuring

Sri Lanka has hired leading financial and legal advisory firms Lazard and Clifford Chance LLP to support its debt restructuring as the country is on the brink of bankruptcy

USAID admin calls Lankan PM, offers support to overcome financial crisis

The US development agency has pledged support to the people of Sri Lanka, saying that it is committed to helping the island nation weather the financial crisis

Indian consignment of 40,000 MT of petrol reaches crisis hit-Sri Lanka

A consignment of around 40,000 metric tonnes of petrol from India reached Sri Lanka, which is reeling under its worst-ever economic crisis, on Monday, the Indian mission in the island nation announced

Top headlines: SBI loan to Sri Lanka, T+1 settlement cycle, and more

From State Bank of India to T+1 settlement, here are the top headlines on Tuesday morning

The curious case of $1-billion SBI loan to debt-ridden Sri Lanka

SBI has been designated by the RBI as one among the domestic systemically important banks (D-SIBs)

Lankan court again extends travel ban on central bank's ex-governor

For the second time, a local court on Monday extended the travel ban on Ajith Nivard Cabraal, former governor of the Central Bank of Sri Lanka, from travelling abroad