Page 9 - Sri Lanka

TN urges Centre to allow humanitarian aid from state to Sri Lanka

The resolution, piloted by Stalin, was unanimously passed by the House, including the opposition AIADMK and the BJP

Top Headlines: Maruti Suzuki Q4 up 58%; Lanka PM Rajapaksa to be replaced

Maruti Suzuki posted a 58% rise in fourth-quarter net profit at Rs 1,839 crore. PM Modi said that he aims to make India a hub for semiconductors for the world. Read more on these in our top headlines.

Sri Lanka's Gotabaya asks parties to show majority for interim govt bid

A delegation from former president Maithripala Sirisena's SLFP met him in the morning to press for their demand on the formation of the interim government

Sri Lanka crisis: Trade Unions demand President Rajapaksa's resignation

Hundreds of trade unions in Sri Lanka have been staging a nationwide protest over the mishandling of the economic crisis and have called for the immediate resignation of President Rajapaksa

HC Baglay reiterates India's continued commitment to support Sri Lanka

Sri Lanka is facing one of its worst economic crises resulting in widespread protests against the Rajapaksa family leaders, including President Gotabaya Rajapaksa and PM Mahinda Rajapaksa

Insolvent Sri Lanka should swap its central bank with currency board

Currency boards are typically associated with lower inflation, higher economic growth and smaller fiscal deficits when compared with hard pegs that are supported by promises, rather than protocols

Sri Lanka crisis opens tea export opportunity that India may miss

Sri Lanka mainly produces orthodox tea, which tends to be harvested and processed by hand. It is popular with tea drinkers in Russia and some eastern European countries.

Sri Lanka trade unions, on strike, demand ouster of president and PM

The crisis is caused in part by a lack of foreign currency, which has meant that the country cannot afford to pay for imports of staple foods and fuel, leading to acute shortages and very high prices

World Bank to give $600-million aid to Lanka to overcome economic crisis

Sri Lanka stocks rallied, marking their first day of gains since April 5

Sri Lanka's Rajapaksa to discuss formation of all-party govt on April 29

A letter to all party leaders in the ruling coalition said the government was in agreement to form an all-party government comprising parties represented in Parliament

Will not resign, says Sri Lankan PM Rajapaksa amid economic crisis

Speaking about the island-wide protests demanding the Prime Minister and the government's resignation, Rajapaksa said the issues should be resolved through negotiations

Hike taxes to address debt woes, IMF urges crisis-hit Sri Lanka

Cabinet clears proposal to limit Prez powers as Oppn gains momentum

Sri Lanka says World Bank agrees to provide $600 million in financial aid

Earlier this month, Sri Lanka kicked off talks with the International Monetary Fund (IMF) for financial assistance

LIVE: Price shocks from Ukraine war to last 3 years, says World Bank

Live news updates: Catch all the latest news developments from across the world here

More Sri Lankans to slip into poverty this year, warns World Bank

Sri Lanka is currently in the throes of an unprecedented economic turmoil since its independence from Britain in 1948

Sri Lankan crisis 'man-made problem, warning signs ignored': Expert

In an interview with Amsterdam based think tank EFSAS last week, Moore said the Sri Lankan economic crisis is almost entirely caused by government decisions that were extremely unwise

IMF asks Sri Lanka to harden monetary policy, hike tax to address debt woes

The country of 22 million people has requested loans from the IMF as it struggles to pay for imports amid crushing debt and a sharp drop in foreign exchange reserves that has fueled soaring inflation

Sri Lanka cabinet clears proposal to clip President Rajapaksa's power

Decision follows announcement from main opposition party that it has garnered enough support for a no-trust vote against the government.

Sri Lanka's debt restructuring to impact bilateral loans: Chinese envoy

Debt-ridden Sri Lanka is grappling with an unprecedented economic turmoil since its independence from Britain in 1948

S&P lowers Sri Lanka's sovereign rating to "Select Default" grade

Country misses Sovereign Bond interest payments