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Tag: Sri Lanka

Technology for MSMEs: Meesho is also exploring the government’s pet online project Open Network for Digital Commerce (ONDC) which is pitched to turn e-commerce into an open digital infrastructure instead of being dominated by large marketplaces....
The ongoing recovery in the global equity market, healthy correction in the US DXY along with a recovery in peer currencies like Euro and Pound supports a corrective view in the USDINR pair. The Indian rupee...

Thousands queue for petrol, gas in Sri Lanka amid warnings of food shortages

A decision in April last year by President Gotabaya Rajapaksa to ban all chemical fertilisers drastically cut crop yields and although the government has...

Need to restructure debts to be able to pay it back: Sri Lankan central bank governor

Sri Lanka is now negotiating a loan with the IMF. The country had to pay USD 106.34 million this year but only managed to...

Forex crisis: Lanka lowers limit of foreign currency people can hold to USD 10,000 from USD 15,000

Under Sri Lanka’s foreign exchange law, currency notes which are held against contravening the rules will be seized, he said. Police and central bank...

RBI allows settlement of trade transactions with Sri Lanka in INR

In March, the government had guaranteed a term loan of USD 1 billion extended by the State Bank of India (SBI) to Sri Lanka...

Sri Lanka down to last day of petrol, PM tells crisis-hit nation

Ranil Wickremesinghe, appointed prime minister on Thursday, said in an address to the nation the country urgently needed $75 million in foreign exchange to...

Colombo at a crossroads: India’s balanced response to Sri Lanka crisis

New Delhi can lend a helping hand as a responsible neighbour, but Sri Lanka’s future rests on its political establishment responding adequately to the...

Sri Lanka’s new Prime Minister Wickremesinghe says he looks forward to closer ties with India

Wickremesinghe, 73, was sworn-in as Sri Lanka’s 26th prime minister on Thursday to stabilise the country’s debt-ridden economy and end the political turmoil. Sri...

Ranil Wickremesinghe sworn in as Sri Lanka’s new prime minister amid worst economic crisis

Ranil Wickremesinghe was sworn-in as prime minister by President Gotabaya Rajapaksa, days after his predecessor Mahinda Rajapaksa was forced to resign following violent protests...

Island nation in deep water: Sri Lanka needs a government at the earliest to steer it out of crisis

The critical need, is the formation of a government, even an interim one, at the earliest to steer the nation out of its worst...

India refutes speculative media reports on sending troops to Sri Lanka: Indian mission

The denial from the Indian mission came a day after it refuted as “fake and blatantly false” local social media speculation that former prime...

Mahinda Rajapaksa faces calls for arrest as Sri Lanka violence claims five lives

Mahinda Rajapaksa, 76, resigned as Sri Lankan Prime Minister on Monday amid unprecedented economic turmoil, hours after his supporters attacked anti-government protesters, prompting...

Colombo calm after Sri Lanka declares state of emergency

Details of the latest emergency regulations were not yet made public, but previous emergency laws have given greater powers to the president to...

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