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Economic Crisis

UK Inflation Jumps To 10.4 Per Cent, Surprising Analysts

The inflation report highlights the pressures faced by British consumers who spent the winter with one eye on their thermostats and the other watching the steady rise of prices for staples

22 March 2023

Russia Ukraine war

Ukraine War: How It Became A Year Of Food, Economic And Energy Crisis

As dismal as the war’s impact has been, there’s one consolation: It could have been worse. Companies and countries in the developed world have proved surprisingly resilient, so far avoiding the worst-case scenario of a...

22 February 2023

Pakistan Economic Woes

Pakistan May Go Bankrupt: Country's Defence Minister Khawaja Asif

Pakistan Defence minister Khawaja Asif said that most of his time had been spent in the opposition camp and that he has witnessed politics being disgraced for the past 32 years.

19 February 2023

Pakistan Economic Woes: A laborer carries boxes through a market in Peshawar, Pakistan.

Pakistan’s Economy Is In Tatters, But This Is The Time To Set Things Right

Since the beginning, Pakistan has lived beyond its means. Its strategic location during the Cold War helped the country receive generous military funding from the US. USAID had also poured in money for education, health and...

05 March 2023

Pakistan Defence Minister Khawaja Asif

Pakistan Has 'Already Defaulted': Defence Minister Asif

The establishment, bureaucracy, and politicians have been blamed for the current economic crisis, according to Pakistani defence minister Khawaja Asif.

19 February 2023

Shehbaz Sharif

Pakistan Must Set Its House In Order, Not Support Radicalism: Global Experts On Country's Economic Crisis

Pakistan government's negotiations with the International Monetary Fund (IMF) to unlock USD 1.1 billion funds have not yet yielded positive results, triggering fears of further deterioration in the overall situation.

12 February 2023

Kerala Chief Minister Pinarayi Vijayan

Kerala CM Terms Arrest Of Sisodia As An Attack On Democracy

Kerala Chief Minister Pinarayi Vijayan on Monday lashed out at the BJP over the arrest of AAP leader and Delhi Deputy Chief Minister Manish Sisodia, and said the Central agencies were being used to intimidate the opposition...

28 February 2023

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Union Minister Muraleedharan To Begin A Two-Day Visit To Sri Lanka From Friday

Union Minister Muraleedharan To Begin A Two-Day Visit To Sri Lanka From Friday

As the island nation struggles with an economic crisis, State Minister V Muraleedharan will pay a two-day visit to Sri Lanka beginning Friday.

02 February 2023

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30 January 2023
Pakistan's Deepening Politico-Economic Crisis, IMF Terms Could Fuel Instability In Region: Experts

Pakistan's Deepening Politico-Economic Crisis, IMF Terms Could Fuel Instability In Region: Experts

The risk for India would not only be instability in Pakistan with its fall-out of rising extremism in the region but also unpredictable actions which could...


03 January 2023
Pakistan Announces Early Closure Of Markets, Wedding Halls To Save Energy

Pakistan Announces Early Closure Of Markets, Wedding Halls To Save Energy

The government would also make the use of conical geysers mandatory within a year, which by using less gas would save Rs 92 billion, and alternative use of...


12 November 2022
Colombo Diary: Unsettled Ease

Colombo Diary: Unsettled Ease

Sri Lanka has seen a massive transformation. Fuel queues that once dragged on for miles have dried up. Power cuts have come down. But the island nation is...


26 September 2022
RSS’s Mission Is To Make India Attain All Round Development

RSS’s Mission Is To Make India Attain All Round Development

RSS chief Mohan Bhagwat said inherent faith in age-old values based on spirituality is the binding force among people of the country.


20 September 2022
12 Sri Lankan Nationals Arrive In TN

12 Sri Lankan Nationals Arrive In TN

Officials say 12 Sri Lankan nationals arrived in Rameswaram(TN) on Tuesday due to the country's economic crisis.


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03 September 2022
Gotabaya Rajapaksa, The Former President Who Fled Country Amid Unrest, Returns To Sri Lanka

Gotabaya Rajapaksa, The Former President Who Fled Country Amid Unrest, Returns To Sri Lanka

Gotabaya Rajapaksa fled the country on July 13 after months-long mass public demonstrations demanding his immediate resignation on July 9 gained momentum after...


31 August 2022
12 Members Of SLPP Join Opposition In Sri Lankan Parliament

12 Members Of SLPP Join Opposition In Sri Lankan Parliament

The move by the 12 SLPP lawmakers will have no impact on the stability of the government led by President Wickremesinghe.


28 August 2022
'The Ball Is In Sri Lanka's Court', Says China On Debt Restructuring Request

'The Ball Is In Sri Lanka's Court', Says China On Debt Restructuring Request

Sri Lankan has been urging China to restructure its debt as the nation continues to reel under acute economic crisis.


25 August 2022
India Urges Citizens To Examine Relevant Factors Before Visiting Sri Lanka

India Urges Citizens To Examine Relevant Factors Before Visiting Sri Lanka

The Ministry of External Affairs has cautioned the citizens to consider factors like currency convertibility before visiting Sri Lanka.


23 August 2022
Sri Lanka Aims To Cut Fiscal Deficit In Budget 2023 Amidst Economic Crisis: Senior Minister

Sri Lanka Aims To Cut Fiscal Deficit In Budget 2023 Amidst Economic Crisis: Senior Minister

In its latest assessment, the World Bank has said that Sri Lanka has been ranked 5th with the highest food price inflation in the world.


14 August 2022
India’s ‘Generous’ Assistance To Crisis-Hit Sri Lanka ‘Heartening’: Commonwealth Secretary-General

India’s ‘Generous’ Assistance To Crisis-Hit Sri Lanka ‘Heartening’: Commonwealth Secretary-General

Both India and Sri Lanka are among the 56 members of the Commonwealth which represents around 2.5 billion people.


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14 August 2022
Pakistan Can Develop Only If It Makes Economic Progress : PM Shehbaz Sharif

Pakistan Can Develop Only If It Makes Economic Progress : PM Shehbaz Sharif

Pakistan Prime Minister Shehbaz Sharif highlighted the economic crisis along with the emotional crisis faced by the nation due to the existing political...


10 August 2022
Sri Lanka's Supreme Court Extends Overseas Travel Ban On Mahinda And Basil Rajapaksa Till Sept 5

Sri Lanka's Supreme Court Extends Overseas Travel Ban On Mahinda And Basil Rajapaksa Till Sept 5

Mahinda and Basil’s brother Gotabaya Rajapaksa, the former Sri Lankan President, arrived in Singapore on July 14 on a private visit from the Maldives after...


04 August 2022
International Human Rights Group Says Sri Lanka Harassed, Intimidated Protesters

International Human Rights Group Says Sri Lanka Harassed, Intimidated Protesters

Sri Lankans had been protesting for months over the country's economic crisis that has led to a severe shortage of many essential imported items like...


02 August 2022
Sri Lanka's New Government To Press Ahead With 22nd Amendment: Minister

Sri Lanka's New Government To Press Ahead With 22nd Amendment: Minister

The constitutional reform was a major plank of the agreement between Rajapaksa and Wickremesinghe when he took over the job of prime minister on May 12.


31 July 2022
Sri Lanka Leader Says IMF Agreement Pushed Back After Unrest

Sri Lanka Leader Says IMF Agreement Pushed Back After Unrest

President Ranil Wickremesinghe on Friday wrote to 225 lawmakers in Parliament to join him in a multi-party government to face the crisis.


28 July 2022
Sri Lanka's Parliament Approves Emergency Regulations

Sri Lanka's Parliament Approves Emergency Regulations

During a debate in Parliament, the Opposition lawmakers accused Wickremesinghe of ordering a crackdown on the peaceful protesters by using the state of...


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