Sri Lankan PM says he will slash expenditure in new budget

Sri Lankan PM says he will slash expenditure in new budget

Sri Lanka’s new Prime Minister Ranil Wickremesinghe stated on Could 25 that he’ll current an interim finances inside six weeks, slashing infrastructure initiatives to re-route funds right into a two-year reduction programme for the crisis-hit island nation. Mr. Wickremesinghe, who took workplace two weeks in the past, warned that inflation would rise as the federal … Read more

Sri Lanka crisis: India supplies another 40,000 metric tonnes of diesel to crisis-hit neighbor

Sri Lanka crisis: India supplies another 40,000 metric tonnes of diesel to crisis-hit neighbor

India on Saturday supplied one other 40,000 metric tonnes of diesel to Sri Lanka underneath the credit score line facility to the island nation which is grappling with its worst financial disaster. Final month, India prolonged an extra USD 500 million credit score line to assist Sri Lanka import gasoline because the nation has been … Read more

Sri Lankan police arrests two ruling party MPs for allegedly instigating mob violence- The New Indian Express

Sri Lankan police arrests two ruling party MPs for allegedly instigating mob violence- The New Indian Express

By AFP COLOMBO: Sri Lankan police arrested two ruling celebration lawmakers for allegedly instigating mob violence that plunged the nation into days of unrest and left 9 folks useless final week, officers mentioned Wednesday. The members of parliament, each from President Gotabaya Rajapaksa’s celebration, had been questioned by legal investigators on Tuesday night and detained … Read more

Explained: 10 things about Sri Lanka’s worst economic crisis

Explained: 10 things about Sri Lanka’s worst economic crisis

NEW DELHI: Sri Lanka’s financial disaster, unparalleled since its independence in 1948, has come from the confluence of the Covid-19 pandemic battering the tourism-reliant economic system, rising oil costs and populist tax cuts by the federal government of President Gotabaya Rajapaksa and his brother , Mahinda, who resigned as prime minister final week. Apart from, … Read more

Sri Lanka PM Meets Ambassadors, Discusses Formation of Int’l Forum for Financial Aid

Sri Lanka PM Meets Ambassadors, Discusses Formation of Int’l Forum for Financial Aid

Prime Minister Ranil Wickremesinghe on Friday met with ambassadors of India, Japan, the US and China and mentioned the formation of a global discussion board for monetary help to the debt-ridden island nation engulfed within the worst financial disaster since its independence in 1948. Wickremesinghe, 73, was sworn-in as Sri Lanka’s twenty sixth prime minister … Read more

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

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

By Harsh V Pant Lastly, the President of Sri Lanka, Gotabaya Rajapaksa, spoke, and he spoke underneath duress. After months of refusing to take decisive measures to stem the tide of impending financial and political collapse, the folks of Sri Lanka pressured him to come back out of his Although he himself refused to stop, … Read more

Breaking News HIGHLIGHTS | Maharashtra Records 263 Fresh COvid-19 Cases, Two Deaths

Breaking News HIGHLIGHTS | Maharashtra Records 263 Fresh COvid-19 Cases, Two Deaths

Breaking Information HIGHLIGHTS: Hiya and welcome to the ABP Information LIVE Weblog. Comply with this area to get the newest developments and Breaking Information from India, together with, Sri Lanka financial disaster, and the battle between Russia and Ukraine, which entered its 79th day on Friday. PM Modi To Unveil Madhya Pradesh’s Begin-Up Coverage Tomorrow … Read more

Morning digest: May 9, 2022

Morning digest: May 9, 2022

The LAC disaster has been a wake-up name in how we cope with China, says former Northern Command chief China’s mobilisations alongside the Line of Precise Management (LAC) in Could 2020 that sparked a disaster that, two years on, nonetheless stays unresolved, couldn’t have seemingly occurred with out the highest management’s consent, in keeping with … Read more