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Sheikh Hasina Says Bangladesh Will Not Face Sri Lanka-Type Crisis. Here's Why
Dismissing concerns that Bangladesh could go the Sri Lanka way, Prime Minister Sheikh Hasina said that despite the Covid-19 onslaught and the conflict in Ukraine, her country's economy continued to be in robust shape and that her regime exercised a h
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"We Are Not Creating Jobs Even With The Growth We Have": Raghuram Rajan To NDTV
Former RBI Governor Raghuram Rajan today said that that even though India has higher growth than many economies in the world, it is not enough.
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Sri Lanka: 5 Basic Facts About Country Hit By Crisis
Sri Lanka is hit by a crisis, with its economy crumbling under the weight of massive foreign debt and steep inflation. President Gotabaya Rajpaksa has fled and Prime Minister Ranil Wickremesinghe has imposed an emergency.
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Pakistan Following Sri Lanka's Path Into Chinese Debt Trap: Report
Pakistan's already fragile economy suffered another setback when recently China demanded repayment, by November 2023, of USD 55.6 million for the Lahore Orange Line Project, reported Italian publication Osservatorio Globalizzazione.
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Sri Lanka's Appeal To Farmers Amid Food Shortage: Plant More Rice
Sri Lanka wants farmers to plant more rice as part of plans to avert a severe food shortage, a top official said on Tuesday, as experts warned of a 50% drop in production that would worsen the impact of its already-severe financial crisis.
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Sri Lanka PM's Push For Export-Oriented Economy Amid Crisis
Amid Sri Lanka's economic meltdown, Prime Minister Ranil Wickremesinghe has elucidated the need to make policy decisions based on an export-oriented economy.
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Sri Lanka Central Bank Holds Rates; Urges Fiscal, Political Stability
Sri Lanka's central bank held its key interest rates steady on Thursday and reiterated the need for more fiscal measures and political stability.
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Sri Lanka Can't Find Cash To Pay Even One Ship For Petrol
Sri Lanka asked citizens not to queue for gasoline as the nation on the verge of default has no dollars to pay for a fuel shipment.
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"India Looks A Lot Like Sri Lanka": Rahul Gandhi Shares Graphs On Economy
Rahul Gandhi today compared India to crisis-hit Sri Lanka in a tweet criticising the state of the economy, in which the graphs of the two countries appeared similar when it came to unemployment, fuel prices and communal violence.
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The "Unpleasant And Terrifying" Mess Sri Lanka Is In
Running out of petrol, medicines and foreign reserves, once-booming Sri Lanka is in a mess. And the measures needed to pull its economy out of the unparalleled crisis are likely to bring even more pain.
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Lanka Economy Will Collapse If No Government Within 2 Days: Central Bank
Sri Lanka's economy will "collapse beyond redemption" unless a new government is appointed within two days to restore political stability, Central Bank of Sri Lanka Governor Nandalal Weerasinghe said Wednesday.
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"Tired Of Broken Promises" Crisis-Hit Lankan Workers Are On The Streets
Many schools in Colombo were shut and several train stations deserted on Thursday as teachers and train drivers joined mass walkouts demanding President Gotabaya Rajapaksa's government quit over Sri Lanka's worst financial crisis in decades.
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Sri Lankan PM Mahinda Rajapaksa Orders Probe As Protests Intensify
Sri Lanka Prime Minister Mahinda Rajapaksa said he expects the police to investigate clashes between police officers and anti-government protesters that led to the first death in civil unrest.
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IMF Lauds India's Resilient Economy, Recent Structural Reforms
Even while the world faces economic challenges in the face of various waves of COVID-19 pandemic, the International Monetary Fund (IMF) has praised India's resilient economy.
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"Leave IPL For A Week, Support Protests": Arjuna Ranatunga To Sri Lankan Players
Sri Lanka is battling a severe economic crisis with food and fuel scarcity affecting a large number of the people in the island nation. The economy has been in a free-fall since the onset of the COVID-19 pandemic.
-
Sheikh Hasina Says Bangladesh Will Not Face Sri Lanka-Type Crisis. Here's Why
Dismissing concerns that Bangladesh could go the Sri Lanka way, Prime Minister Sheikh Hasina said that despite the Covid-19 onslaught and the conflict in Ukraine, her country's economy continued to be in robust shape and that her regime exercised a h
-
"We Are Not Creating Jobs Even With The Growth We Have": Raghuram Rajan To NDTV
Former RBI Governor Raghuram Rajan today said that that even though India has higher growth than many economies in the world, it is not enough.
-
Sri Lanka: 5 Basic Facts About Country Hit By Crisis
Sri Lanka is hit by a crisis, with its economy crumbling under the weight of massive foreign debt and steep inflation. President Gotabaya Rajpaksa has fled and Prime Minister Ranil Wickremesinghe has imposed an emergency.
-
Pakistan Following Sri Lanka's Path Into Chinese Debt Trap: Report
Pakistan's already fragile economy suffered another setback when recently China demanded repayment, by November 2023, of USD 55.6 million for the Lahore Orange Line Project, reported Italian publication Osservatorio Globalizzazione.
-
Sri Lanka's Appeal To Farmers Amid Food Shortage: Plant More Rice
Sri Lanka wants farmers to plant more rice as part of plans to avert a severe food shortage, a top official said on Tuesday, as experts warned of a 50% drop in production that would worsen the impact of its already-severe financial crisis.
-
Sri Lanka PM's Push For Export-Oriented Economy Amid Crisis
Amid Sri Lanka's economic meltdown, Prime Minister Ranil Wickremesinghe has elucidated the need to make policy decisions based on an export-oriented economy.
-
Sri Lanka Central Bank Holds Rates; Urges Fiscal, Political Stability
Sri Lanka's central bank held its key interest rates steady on Thursday and reiterated the need for more fiscal measures and political stability.
-
Sri Lanka Can't Find Cash To Pay Even One Ship For Petrol
Sri Lanka asked citizens not to queue for gasoline as the nation on the verge of default has no dollars to pay for a fuel shipment.
-
"India Looks A Lot Like Sri Lanka": Rahul Gandhi Shares Graphs On Economy
Rahul Gandhi today compared India to crisis-hit Sri Lanka in a tweet criticising the state of the economy, in which the graphs of the two countries appeared similar when it came to unemployment, fuel prices and communal violence.
-
The "Unpleasant And Terrifying" Mess Sri Lanka Is In
Running out of petrol, medicines and foreign reserves, once-booming Sri Lanka is in a mess. And the measures needed to pull its economy out of the unparalleled crisis are likely to bring even more pain.
-
Lanka Economy Will Collapse If No Government Within 2 Days: Central Bank
Sri Lanka's economy will "collapse beyond redemption" unless a new government is appointed within two days to restore political stability, Central Bank of Sri Lanka Governor Nandalal Weerasinghe said Wednesday.
-
"Tired Of Broken Promises" Crisis-Hit Lankan Workers Are On The Streets
Many schools in Colombo were shut and several train stations deserted on Thursday as teachers and train drivers joined mass walkouts demanding President Gotabaya Rajapaksa's government quit over Sri Lanka's worst financial crisis in decades.
-
Sri Lankan PM Mahinda Rajapaksa Orders Probe As Protests Intensify
Sri Lanka Prime Minister Mahinda Rajapaksa said he expects the police to investigate clashes between police officers and anti-government protesters that led to the first death in civil unrest.
-
IMF Lauds India's Resilient Economy, Recent Structural Reforms
Even while the world faces economic challenges in the face of various waves of COVID-19 pandemic, the International Monetary Fund (IMF) has praised India's resilient economy.
-
"Leave IPL For A Week, Support Protests": Arjuna Ranatunga To Sri Lankan Players
Sri Lanka is battling a severe economic crisis with food and fuel scarcity affecting a large number of the people in the island nation. The economy has been in a free-fall since the onset of the COVID-19 pandemic.
