Business Standard

Page 2 - Sri Lanka

Sri Lankan police arrest 1,500 people in connection with May 9 violence

Sri Lankan police have arrested at least 1,500 so far in connection with the violent clashes between anti- and pro-government protesters earlier this month that killed at least 10 and injured over 200

Sri Lankan police arrest 1,500 people in connection with May 9 violence
Updated On : 23 May 2022 | 12:07 PM IST

Economic turmoil in Sri Lanka is small preview of a global default crisis

In Sri Lanka, pharmacies are running out of medicine; and hospitals are dangerously short of lifesaving drugs and devices

Economic turmoil in Sri Lanka is small preview of a global default crisis
Updated On : 23 May 2022 | 9:06 AM IST

India sends over 2 bn humanitarian aid consignment to Sri Lanka amid crisis

As Sri Lanka grapples with a massive economic crisis, India handed over a large amount of humanitarian assistance consignment worth over Rs 2 billion to the island country which reached Colombo on Sunday.The High Commissioner of India in Colombo, Gopal Baglay handed over the consignment to the senior leadership of the Government of Sri Lanka, reported Colombo Page. The consignment comprises 9,000 metric tons of rice, and 50 metric tons of milk powder, coupled with over 25 metric tons of drugs and other pharmaceutical supplies.Talking to Twitter, the Indian High Commission to Colombo said, "A message of care! From the people of to the people of ...High Commissioner handed over rice, milk powder & medicines worth more than SLR 2 billion to Hon'ble FM Prof.G.L Peiris in #Colombo today. Hon'ble Minister @nimaldsilva, @VajiraAbey, @SagalaRatnayaka, @S_Thondaman."Earlier, the Indian High Commission also tweeted: "People of #India, standing by their bretheren in #SriLanka. Rice, milk ...

India sends over 2 bn humanitarian aid consignment to Sri Lanka amid crisis
Updated On : 22 May 2022 | 8:53 PM IST

LIVE: Apple looks to boost production outside China, says report

Live news updates: A decision in April last year by President Gotabaya Rajapaksa to ban all chemical fertilisers drastically cut crop yields

LIVE: Apple looks to boost production outside China, says report
Updated On : 21 May 2022 | 11:17 PM IST

India supplies another 40,000 metric tonnes of diesel to Sri Lanka

India on Saturday provided another 40,000 metric tonnes of diesel to Sri Lanka under the credit line facility to the island nation which is grappling with its worst economic crisis.

India supplies another 40,000 metric tonnes of diesel to Sri Lanka
Updated On : 21 May 2022 | 5:33 PM IST

Sri Lanka lifts state of emergency amid economic crisis, anti-govt protests

The Sri Lankan government lifted the state of emergency from Saturday, nearly two weeks after it was imposed across the island nation as it faced unprecedented economic and anti-government protests. Embattled Sri Lankan President Gotabaya Rajapaksa had declared a state of emergency with effect from May 6 midnight, the second time in just over a month amidst growing countrywide anti-government protests over the economic crisis. The Presidential Secretariat stated that the state of emergency has been lifted with effect from Friday midnight, Hiru News reported. The move was taken with the improvement of the law and order situation in the island nation. The state of emergency gave the police and the security forces sweeping power to arbitrarily arrest and detain people. The president's decision to declare the emergency had come amidst weeks of protests demanding his resignation and the government, blaming the powerful Rajapaksa clan for mishandling the island nation's economy, already

Sri Lanka lifts state of emergency amid economic crisis, anti-govt protests
Updated On : 21 May 2022 | 2:35 PM IST

India, Japan to provide relief supplies worth millions to Sri Lanka

India and Japan will provide food relief supplies worth millions of dollars to Sri Lanka that is grappling with its worst economic crisis, leading to protests over the government's mismanagement

India, Japan to provide relief supplies worth millions to Sri Lanka
Updated On : 21 May 2022 | 2:14 PM IST

Talks between debt ridden-Sri Lanka, IMF to to conclude on May 24

The ongoing discussion between International Monetary Fund (IMF) and Sri Lanka, to help mitigate the economic situation will conclude on May 24

Talks between debt ridden-Sri Lanka, IMF to to conclude on May 24
Updated On : 21 May 2022 | 1:01 PM IST

SilverLine project: IUML warns Kerala heading towards Sri Lankan tragedy

Criticising the Kerala government for the SilverLine project, Indian Union Muslim League (IUML) PK Kunhalikutty said the state is heading toward the Sri Lankan tragedy due to borrowings.

SilverLine project: IUML warns Kerala heading towards Sri Lankan tragedy
Updated On : 21 May 2022 | 9:19 AM IST

Japan provides $1.5 million for medicines to Sri Lanka through UNICEF

The Japanese government came forward to help Sri Lanka by providing $1.5 million for essential medicines through UNICEF to meet the urgent needs of the population.

Japan provides $1.5 million for medicines to Sri Lanka through UNICEF
Updated On : 21 May 2022 | 8:27 AM IST

Ship with relief materials from India for Lanka to reach Colombo on Sunday

An Indian ship laden with urgent relief supplies like rice, medicines and milk powder for the people of crisis-hit Sri Lanka is scheduled to reach Colombo on Sunday, the Indian High Commission said

Ship with relief materials from India for Lanka to reach Colombo on Sunday
Updated On : 21 May 2022 | 7:35 AM IST

'We are going to die': Lanka's PM Wickremesinghe warns of a food shortage

A decision in April last year by Prez Gotabaya to ban all chemical fertilisers drastically cut crop yields and although the govt has reversed the ban, no substantial imports have yet taken place

'We are going to die': Lanka's PM Wickremesinghe warns of a food shortage
Updated On : 21 May 2022 | 2:19 AM IST

Sri Lanka closes schools, limits work as nation prepares for fuel shortage

Sri Lankan authorities closed schools and asked public officials not to come to work in a desperate move to prepare for an acute fuel shortage that is expected to last days

Sri Lanka closes schools, limits work as nation prepares for fuel shortage
Updated On : 20 May 2022 | 5:06 PM IST

9 new Cabinet ministers take oath in Sri Lanka amid economic crisis

Sri Lanka appointed 9 new Cabinet ministers in an effort to ensure stability until a full Cabinet is formed in the island nation engulfed in the worst economic crisis since its independence.

9 new Cabinet ministers take oath in Sri Lanka amid economic crisis
Updated On : 20 May 2022 | 3:30 PM IST

Sri Lanka welcomes G7 announcement in securing debt relief: Wickremesinghe

Sri Lankan PM Ranil Wickremesinghe on Friday welcomed the G7 announcement that they will assist the country in securing debt relief as it is grappling with its worst economic crisis

Sri Lanka welcomes G7 announcement in securing debt relief: Wickremesinghe
Updated On : 20 May 2022 | 2:28 PM IST

'We are going to die': Food shortage grapples Lanka amid economic crisis

Sri Lanka is facing a dire shortage of foreign exchange, fuel and medicines, and economic activity has slowed to a crawl

'We are going to die': Food shortage grapples Lanka amid economic crisis
Updated On : 20 May 2022 | 11:07 AM IST

Inflation likely to hit 40% in a few months: Sri Lanka's central bank

Holds interest rates, says it will take at least six months to repay debts

Inflation likely to hit 40% in a few months: Sri Lanka's central bank
Updated On : 20 May 2022 | 1:36 AM IST

RBI allows settlement of trade transactions with Sri Lanka in Indian rupee

Sri Lanka is facing its worst economic crisis since gaining independence from Britain in 1948

RBI allows settlement of trade transactions with Sri Lanka in Indian rupee
Updated On : 19 May 2022 | 11:59 PM IST

RBI approves India, Sri Lanka trade settlement in rupee outside ACU

Regulatory nod only for State Bank of India's term loan of $1 billion for island nation battling economic crisis.

RBI approves India, Sri Lanka trade settlement in rupee outside ACU
Updated On : 19 May 2022 | 11:09 PM IST

Need to restructure debts to be able to pay it back: Sri Lankan Bank Gov

Sri Lanka won't be able to pay back its debts until it restructures them, Central Bank governor P Nandalal Weerasinghe said as he called for the early appointment fo restructuring process.

Need to restructure debts to be able to pay it back: Sri Lankan Bank Gov
Updated On : 19 May 2022 | 8:48 PM IST