Business Standard

Page 11 - Sri Lanka

India sends one more consignment of 40,000 MT of diesel to Sri Lanka

India on Thursday said it has delivered one more consignment of 40,000 MT of diesel to Sri Lanka under the Indian credit line to help ease the acute power crisis in the island nation.

India sends one more consignment of 40,000 MT of diesel to Sri Lanka
Updated On : 22 Apr 2022 | 12:38 AM IST

Sri Lanka debt advisers may take weeks to hire as economic crisis worsens

Sri Lanka is seeking as much as $4 billion this year to help ease shortages of food, fuel and medicines as its foreign reserves dry up and it heads for a default on its international debt

Sri Lanka debt advisers may take weeks to hire as economic crisis worsens
Updated On : 21 Apr 2022 | 11:57 PM IST

Global leaders discuss debt crisis in US in wake of Sri Lankan problem

Sri Lanka's bitter debt crisis experience has emerged as one of the major topics of discussion among the global financial leaders

Global leaders discuss debt crisis in US in wake of Sri Lankan problem
Updated On : 21 Apr 2022 | 8:02 AM IST

India to provide additional $500-mn assistance to Sri Lanka for fuel

Meanwhile China, whose large loans and investments to the island nation led to allegations of debt diplomacy, has said it will provide "emergency humanitarian assistance" to Colombo

India to provide additional $500-mn assistance to Sri Lanka for fuel
Updated On : 21 Apr 2022 | 1:04 AM IST

Lanka must ensure political stability before IMF deal: Dr Dushni Weerakoon

We have an economic crisis that has spilled out as a political crisis: Weerakoon

Lanka must ensure political stability before IMF deal: Dr Dushni Weerakoon
Updated On : 21 Apr 2022 | 6:05 AM IST

IMF asks cash-strapped Sri Lanka to restructure huge foreign debt

Crisis-hit island nation also seeks bridge loans as IMF aid will take six months

IMF asks cash-strapped Sri Lanka to restructure huge foreign debt
Updated On : 20 Apr 2022 | 10:57 PM IST

Rajapaksas grieve as global community condemns firing on protesters

At least three of the 13 hospitalised protesters at Rambukkana, some 90 kilometers northeast of Colombo, were critical at the Kegalle hospital, according to officials

Rajapaksas grieve as global community condemns firing on protesters
Updated On : 20 Apr 2022 | 3:10 PM IST

World Bank ready to provide emergency support to Sri Lanka: Report

World Bank Vice President Hartwig Schafer held talks with Sri Lankan Finance Minister Ali Sabry in Washington on Tuesday, the Colombo Gazette reported on Wednesday

World Bank ready to provide emergency support to Sri Lanka: Report
Updated On : 20 Apr 2022 | 2:38 PM IST

Sri Lankan police warn protesters against sabotaging fuel transport system

Amid the ongoing anti-government protests in Sri Lanka following the economic and political crisis, the police have urged the public not to jeopardise the fuel transportation system while protesting.

Sri Lankan police warn protesters against sabotaging fuel transport system
Updated On : 20 Apr 2022 | 11:41 AM IST

First protest death boosts calls to oust Sri Lanka President Rajapaksa

Sri Lanka's economic crisis -- the worst since it gained independence more than 70 years ago -- has brought angry citizens to the streets demanding the ouster of the Rajapaksa family

First protest death boosts calls to oust Sri Lanka President Rajapaksa
Updated On : 20 Apr 2022 | 10:00 AM IST

Curfew imposed in Sri Lanka's Rambukkana amid unrest over fuel price hike

A litre of petrol 92 octane has been increased by Rs 84 while a litre of petrol 95 octane by Rs 90, a litre of Auto Diesel by Rs 113 and a litre of super diesel has been increased by Rs 75

Curfew imposed in Sri Lanka's Rambukkana amid unrest over fuel price hike
Updated On : 20 Apr 2022 | 7:36 AM IST

IMF considers rapid aid for debt-burdened Sri Lanka after India's push

A delegation headed by Sri Lanka's finance minister Ali Sabry kicked off formal talks with the IMF in Washington on Monday for a programme the government hopes will help top up its reserves

IMF considers rapid aid for debt-burdened Sri Lanka after India's push
Updated On : 19 Apr 2022 | 11:52 PM IST

Mahinda relents on prez powers to placate public; 1 killed in police firing

Scores of protesters teemed the streets and public places of the town on Monday. The demonstration went late into the night

Mahinda relents on prez powers to placate public; 1 killed in police firing
Updated On : 19 Apr 2022 | 11:47 PM IST

Crisis-hit Sri Lanka, India revive talks to link electric grids: Report

India and Sri Lanka have resumed talks on linking their electricity grids, officials told Reuters

Crisis-hit Sri Lanka, India revive talks to link electric grids: Report
Updated On : 19 Apr 2022 | 11:31 PM IST

India backs Sri Lanka for much-needed IMF bailout package

India's Finance Minister Nirmala Sitharaman has affirmed her Sri Lankan counterpart Ali Sabry that India will fully support the deliberations of the island nation with the IMF

India backs Sri Lanka for much-needed IMF bailout package
Updated On : 19 Apr 2022 | 11:29 PM IST

1 dead, 12 injured in Sri Lanka as police open fire at anti-govt protesters

At least one person was killed and 12 others injured on Tuesday when police opened fire to disperse anti-government protestors in Sri Lanka's southwestern region of Rambukkana.

1 dead, 12 injured in Sri Lanka as police open fire at anti-govt protesters
Updated On : 19 Apr 2022 | 7:51 PM IST

FM meets IMF chief; discusses impact of geopolitics on global growth

Congratulating India on its successful vaccination programme to control spread of Covid-19, Georgieva also appreciated New Delhi for extending relief to other vulnerable countries to fight pandemic

FM meets IMF chief; discusses impact of geopolitics on global growth
Updated On : 19 Apr 2022 | 2:38 PM IST

Sitharaman assures Lankan counterpart of all possible assistance from India

Union Finance Minister assured Sri Lanka that as a close friend and good neighbour, India will try to extend all possible cooperation and assistance to Sri Lanka: Ministry of Finance said on Twitter

Sitharaman assures Lankan counterpart of all possible assistance from India
Updated On : 19 Apr 2022 | 1:50 PM IST

Ex-Sri Lankan Chief Justice reproaches Colombo govt for its 'total failure'

A massive protest against the Sri Lankan government, and particularly the Rajapaksa family has been going on in the Galle Face Green area of Colombo for many days

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Updated On : 19 Apr 2022 | 1:16 PM IST

Crisis-hit Sri Lanka seeks emergency financial assistance from IMF

Sri Lanka is seeking up to $4 billion this year to tide over problems and pay creditors amid dwindling foreign reserves and Asia's fastest inflation

Crisis-hit Sri Lanka seeks emergency financial assistance from IMF
Updated On : 19 Apr 2022 | 12:44 PM IST