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Silly To Compare Sri Lanka's Economic Situation With India: Arvind Panagariya

Silly To Compare Sri Lanka's Economic Situation With India: Arvind Panagariya

"This is a silly comparison...suggestions of any parallels between India and Sri Lanka currently are laughable," Panagariya said

31 July 2022
Sri Lanka's Inflation Surges Over 60% In July

Sri Lanka's Inflation Surges Over 60% In July

The year-on-year inflation based on the Colombo Consumer Price Index was 60.8 per cent in July, the Department of Census and Statistics said in a statement

30 July 2022

Sri Lanka Foreign Trade Up Despite Economic Crisis; Exports To India Grows 21%

India is placed third behind the US and UK as the biggest export market for Sri Lanka.

LPL 2022: Lanka Premier League Postponed Due To Economic Crisis In Sri Lanka

LPL 2022: Lanka Premier League Postponed Due To Economic Crisis In Sri Lanka

Sri Lanka is currently grappling with financial crisis and civil unrest for weeks. LPL 2022 was scheduled to be held from August 1 to 21.

17 July 2022

Govt Calls All-Party Meet On Sri Lanka Crisis On Tuesday; Sitharaman, Jaishankar To Brief MPs

During a meeting of all parties convened ahead of the Monsoon Session of Parliament, Tamil Nadu-based DMK and AIADMK demanded that India should intervene in...

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15 July 2022
Sri Lanka Economic Crisis: Lucrative Tourism Industry Bears Major Brunt

Sri Lanka Economic Crisis: Lucrative Tourism Industry Bears Major Brunt

Tourism accounts for about 5 per cent of Sri Lanka's Gross Domestic Product (GDP), with Britain, India, and China being the main markets. Sri Lanka is facing...


15 July 2022
IMF Wants Stability In Sri Lanka To Resume Talks On Bailout Deal

IMF Wants Stability In Sri Lanka To Resume Talks On Bailout Deal

Sri Lanka is going through a deepening political and economic crisis. President Gotabaya Rajapaksa has resigned, and Parliament Speaker Mahinda Yapa...


15 July 2022
Sri Lanka President Rajapaksha Resigns Following Massive Protests Over Economic Meltdown

Sri Lanka President Rajapaksha Resigns Following Massive Protests Over Economic Meltdown

Sri Lanka Speaker Mahinda Yapa Abeyweardana said that the Parliament will convene Saturday to start the process of electing a new president. He expects to...


15 July 2022
A Note On Sri Lanka’s Economic Crisis And The Ills Of Economic Populism

A Note On Sri Lanka’s Economic Crisis And The Ills Of Economic Populism

Despite being one of the oldest liberalized economies in South Asia, Sri Lanka’s simmering political crisis is rooted in an economic crisis. Rebuilding the...


14 July 2022
Sri Lanka Crisis: President Rajapaksha Flies To Singapore From Maldives As Protests Intensify

Sri Lanka Crisis: President Rajapaksha Flies To Singapore From Maldives As Protests Intensify

Sri Lanka's Parliament Speaker Yapa Abeywardena said that he is yet to receive the resignation letter from the President Gotabaya Rajapaksa.


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13 July 2022
Sri Lanka Wants Wickremesinghe To Go As Gotabaya's Endorsement Becomes 'Kiss Of Death'

Sri Lanka Wants Wickremesinghe To Go As Gotabaya's Endorsement Becomes 'Kiss Of Death'

Ranil Wickremesinghe was chosen by Gotabaya as the Prime Minister even as the entire cabinet was forced to resign. Sri Lankans now suspect a deal between the...


13 July 2022
Austerity, Self-Sufficiency: What Sri Lanka Can Learn From India’s Rise After 1991 Economic Crisis

Austerity, Self-Sufficiency: What Sri Lanka Can Learn From India’s Rise After 1991 Economic Crisis

The island nation’s present situation reminds one of what India went through in the 1990s. Except, India managed to salvage the situation before it reached a...


11 July 2022
Sri Lankan Parliamentary Speaker Says President Gotabaya Rajapaksa Has Not Left Country, Whereabouts Not Known

Sri Lankan Parliamentary Speaker Says President Gotabaya Rajapaksa Has Not Left Country, Whereabouts Not Known

President Gotabaya Rajapaksa's whereabouts are unknown since Friday, but sources tell PTI he is speculated to be at a Sri Lanka Naval facility.


11 July 2022
Presidential Poll Fight Against Misuse Of Central Agencies: Yashwant Sinha

Presidential Poll Fight Against Misuse Of Central Agencies: Yashwant Sinha

Yashwant Sinha asserted that the misuse of central agencies will be stopped if he is elected the president.


11 July 2022
India Refutes Speculative Media Reports On Sending Troops To Sri Lanka

India Refutes Speculative Media Reports On Sending Troops To Sri Lanka

President Gotabaya Rajapaksa on Saturday announced that he will resign. Prime Minister Ranil Wickremesinghe also said that he will step down after a new...


07 July 2022
Sri Lanka's Central Bank Raises Key Rates To Curb Inflation

Sri Lanka's Central Bank Raises Key Rates To Curb Inflation

Recent price hikes have been a severe blow, especially for the South Asian country's poor and vulnerable groups as they endure their country's worst economic...


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29 June 2022
Sri Lanka Economic Crisis: IOC Provides Fuel As Government Pumps Go Dry

Sri Lanka Economic Crisis: IOC Provides Fuel As Government Pumps Go Dry

On Monday, the Sri Lankan government announced that only essential services will operate from midnight till July 10 and all other operations will be...


25 June 2022
Sri Lanka Limits Foreign Currency Possession By Individuals To Support Dwindling Forex Reserve

Sri Lanka Limits Foreign Currency Possession By Individuals To Support Dwindling Forex Reserve

Sri Lanka is facing a severe forex crisis which forced the island nation to declare a default of its international debt in April, becoming the first...


24 June 2022
EXPLAINED: Why Sri Lanka's Economy Collapsed And What's Next

EXPLAINED: Why Sri Lanka's Economy Collapsed And What's Next

Prime Minister Ranil Wickremesinghe, who took office in May, was emphasising the monumental task he faces in turning around an economy he said is heading for...


21 June 2022
Sri Lanka Crisis: Why Roshan Mahanama, 1996 World Cup Star, Served Tea And Buns To Public

Sri Lanka Crisis: Why Roshan Mahanama, 1996 World Cup Star, Served Tea And Buns To Public

A member of Sri Lanka’s 1996 World Cup-winning campaign, Roshan Mahanama has come forward for people in need in Sri Lanka in association with Community Meal...


01 June 2022
Does India have a Sri Lanka Problem?

Does India have a Sri Lanka Problem?

As Sri Lanka grapples with an economic crisis owing to botched economic policies and unmanageable debt, alarm bells are going off in some states in India


27 May 2022
Sri Lanka Debt 'unsustainable', Need Adequate Assurances On Reforms: IMF On Debt Reconstruction

Sri Lanka Debt 'unsustainable', Need Adequate Assurances On Reforms: IMF On Debt Reconstruction

The IMF-Sri Lanka discussions focused on fiscal sustainability, monetary policy, exchange rate regimes, financial sector stability and structural reforms.


24 May 2022
Sri Lanka Mulling Oil Exploration In Mannar Basin Amid Crisis

Sri Lanka Mulling Oil Exploration In Mannar Basin Amid Crisis

Sri Lanka’s Power and Energy Minister Kanchana Wijesekera said that the government is ‘planning to advertise plots for studies on oil exploration in the...


23 May 2022
Sri Lanka’s President Gotabaya Rajapaksa Expands Cabinet Amid Economic Crisis

Sri Lanka’s President Gotabaya Rajapaksa Expands Cabinet Amid Economic Crisis

Sri Lanka’s President Gotabaya Rajapaksa reshuffles his cabinet amid the ongoing economic crisis that has hit the island nation, but he didn’t appoint any...


19 May 2022
RBI Allows Settlement Of Trade Transactions With Sri Lanka In INR

RBI Allows Settlement Of Trade Transactions With Sri Lanka In INR

In March, the government had guaranteed a term loan of $1 billion extended by the SBI to Sri Lanka for financing the purchase of essential goods by the island...


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