Economic Crisis
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Sri Lanka crisis: President Gotabaya Rajapaksa leaves for Singapore
World | Jul 14, 2022, 12:50 PM ISTSri Lanka crisis: On Wednesday, at least 84 people were hospitalised when protesters clashed with the security forces at the prime minister’s office and at the main access junction to Parliament.
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Sri Lanka crisis: Rajapaksa to formally resign today, celebrations break out in Colombo
World | Jul 15, 2022, 06:19 AM ISTSri Lanka crisis: Wickremesinghe declared an emergency and imposed a curfew in the western province of the country on July 13 as protesters came prepared to face tear gas shelling.
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OPINION | Sri Lanka crisis: Doomsday predictions about Indian economy are baseless
India | Jul 12, 2022, 03:45 PM ISTSri Lanka Crisis: The anger of common Sri Lankans was evident when they spoke on camera. Children were not getting milk to drink, but cakes were being eaten inside the Palace.
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Sri Lanka crisis: Ex-finance minister Basil Rajapaksa stopped from leaving country
World | Jul 12, 2022, 02:55 PM ISTSri Lanka Economic Crisis: Basil is being widely held responsible for the country's worst economic crisis which has heaped misery on the people. The political uncertainty prevails in Sri Lanka where the distribution of cooking gas has resumed
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Sri Lankan Parliament to elect new president next week: Speaker
World | Jul 11, 2022, 07:54 PM ISTPresident Rajapaksa is yet to resign formally, however, he informed the Speaker on Saturday that he will quit on July 13.
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Sri Lankan protestors start cooking in PM's house, hit the gym at President's house | Watch
World | Jul 11, 2022, 06:36 AM ISTThe protesters were watching television in the President's house and were rolling around on the President's bed.
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Sri Lankan Prez Gotabaya Rajapaksa announces resignation, what happens next?
World | Jul 10, 2022, 01:50 PM ISTSri Lanka crisis: Rajapaksa's announcement to resign came soon after Prime Minister Ranil Wickremesinghe said he would leave office. Pressure on both leaders grew as the economic meltdown set off acute shortages of essential items.
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Sri Lanka protests turn wild: What pushed country into a crippling economic crisis | Explained
World | Jul 10, 2022, 07:00 AM ISTSri Lanka has been reeling under its worst economic collapse ever, muddling through with aid from India as its leaders try to negotiate a bailout with International Monetary Fund. But what led to the crisis? We break it down into 6 points.
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WATCH: Sri Lankan protesters take over President Rajapaksa's house; use his pool, bed, kitchen
World | Jul 09, 2022, 11:27 PM ISTSri Lanka crisis: The protestors were watching television in the President's house and were rolling around on the President's bed.
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Sri Lanka runs out of fuel, only essential services to operate from midnight till July 10
World | Jun 27, 2022, 11:55 PM ISTThese 'essential' services include ports, airports, health, food distribution and agriculture, officials said.
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Sri Lanka PM says economy ''has collapsed,'' unable to buy oil
World | Jun 22, 2022, 02:40 PM ISTSri Lanka is unable to purchase imported fuel, even for cash, due to heavy debts owed by its petroleum corporation.
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Sri Lanka's fuel crisis touches new heights: Govt to shut offices, schools from next week
World | Jun 18, 2022, 07:36 PM ISTWith its existing fuel stocks fast depleting, Sri Lanka is under intense pressure to get foreign exchange to pay for its imports, which has brought several sectors of the country’s economy to a grinding halt.
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Now, 'broke' Pakistan issues curbs on wedding functions: No lavish party, only one dish to be served
World | Jun 08, 2022, 07:05 PM ISTThe current power crisis in the country, which has also affected Pakistan's economy, has forced the federal cabinet to restore the Saturday holiday in government offices to curb the use of energy and gradually bring down electricity load shedding to two hours a day by the end of June.
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India assures Sri Lanka of fertiliser supplies to avoid food shortages
World | Jun 02, 2022, 02:28 PM ISTPresident Rajapaksa, while speaking with a group of irrigation officials on the next harvesting season's requirements, said Prime Minister Narendra Modi had assured him of fertiliser supplies for the next cultivation season.
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India sends one more consignment of 40,000 MT of diesel to crisis-hit Sri Lanka
India | May 31, 2022, 01:57 PM ISTWith long lines for fuel, cooking gas, essentials in short supply and long hours of power cuts, the public has been suffering for months.
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World Bank rules out new loan commitments to crisis-hit Sri Lanka
World | May 25, 2022, 04:58 PM ISTRecent media reports have inaccurately stated that the World Bank is planning support for Sri Lanka in the form of a bridge loan or new loan commitments, among other incorrect assertions, the Bank said in a statement.
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Sri Lanka hikes fuel prices; petrol at all-time high of Rs 420, diesel Rs 400 per litre
World | May 24, 2022, 12:57 PM ISTThe economic crisis has also triggered a political crisis in Sri Lanka and a demand for the resignation of President Gotabaya Rajapaksa. The crisis has already forced prime minister Mahinda Rajapaksa, the elder brother of the president, to resign on May 9.
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India big brother to Sri Lanka: Namal Rajapaksa thanks PM Modi for latest round of humanitarian aid
World | May 23, 2022, 12:11 PM ISTHumanitarian aid and essential items worth Rs 2 billion were recently provided by India to Sri Lanka, as the country reels under severe economic crisis.
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Sri Lanka defaults on debt for first time as economic crisis deepens
World | May 20, 2022, 04:30 PM ISTSri Lankan Central bank governor P Nandalal Weerasinghe said on Thursday that the country had fallen into a “pre-emptive default” on its debts after the expiry of a 30-day grace period for missed interest payments on two of its sovereign bonds.
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Sri Lanka welcomes G7 announcement in securing debt relief: PM Ranil Wickremesinghe
World | May 20, 2022, 03:48 PM ISTSri Lanka is currently facing an acute shortage of foreign exchange that led to an increase in prices and a shortage of vehicular fuel, cooking gas, food, and thermal fuel for electricity production.