Loan sought from China is the root cause of crisis in Sri Lanka – infer analysts

Loan sought from China is the root cause of crisis in Sri Lanka – infer analysts

New Delhi: Indian Foreign Minister S Jaishankar assured that India will stand with the Sri Lankan people through the crisis. Sri Lanka is receiving assurances of assistance from other countries too. But an Indian thinktank pointed out that this will not resolve the Sri Lankan Problems as Sri Lanka is completely trapped under the burden […]

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Outbreak of discontent of Sri Lankan population: -Protestors storm Presidential residence, – President Rajapaksa flees, – Prime Minister Wickremasinghe proposes all-party government

Outbreak of discontent of Sri Lankan population: -Protestors storm Presidential residence, – President Rajapaksa flees, – Prime Minister Wickremasinghe proposes all-party government

Colombo: There was an outbreak of discontent among the Sri Lankan population, facing a shortage of food grain, fuel and other life essentials. Thousands of protestors stormed the residence of Sri Lankan President Gotabaya Rajapaksa. But President Rajapaksa had already reached a safe location. Even the Sri Lankan military had become difficult to control the […]

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Sri Lankan PM Mahinda Rajapaksa resigns

Sri Lankan PM Mahinda Rajapaksa resigns

Colombo: Sri Lankan Prime Minister Mahinda Rajapaksa has resigned amid growing public discontent over the country’s unprecedented economic crisis. Prime Minister Mahinda Rajapaksa has tendered his resignation to Sri Lankan President Gotabaya Rajapaksa, saying he was ready to resign if his resignation was to resolve the financial crisis. Violence erupted in several cities, including the […]

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India announces $500 million loan to Sri Lanka

India announces $500 million loan to Sri Lanka

Colombo: – India has announced loan assistance of $500 million to Sri Lanka. India has said that this assistance is being provided to Sri Lanka, which is going through a major economic crisis, for oil imports. At the same time, reports were being received that Sri Lanka has escaped being declared bankrupt by repaying an […]

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Sri Lanka demands financial assistance of $1 billion from India  

Sri Lanka demands financial assistance of $1 billion from India  

Colombo: – Sri Lanka, trapped in an economic crisis, has demanded additional assistance of $1 billion from India. The demand coming from this country just after the visit of the Chinese Foreign Minister to the country becomes significant. China has expressed willingness to extend major economic assistance to Sri Lanka. But the Sri Lankan leadership […]

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