Crisis-hit Sri Lanka announces default on foreign debt

Faced with critically low forex reserves, Sri Lanka on Tuesday announced that the crisis-stricken country will default on its external debt pending a bailout package from the International Monetary......

Rebalancing India-China, The Sri Lanka Way

Colombo seems to be veering to the middle path between China and the US on global matters, but in regional matters of strategic security, it is increasingly identifying with India, points out N......

India, Bangladesh can revive Bay of Bengal dynamism

The South Asian nations could script a new history of cooperation and prosperity that could serve as an example for other nations, notes Dr Rahul Mishra. IMAGE: Prime Minister Narendra Damodardas......

US vision of Lanka very different from 'predator' China: Pompeo

America's vision on Sri Lanka is "very different" from that of "predator" China, United States Secretary of State Mike Pompeo said in Colombo on Tuesday as he met the leadership in Colombo and......

Beware! The Chinese (yuan) are coming

In my column titled The Asian future of reserves, Business Standard, I had drawn attention to the significant steps being taken by China to transform its currency, the renminbi, which is......

ADB lowers India's growth projection for 2013-14 to 4.7%

Asian Development Bank (ADB) has lowered India's growth projection for 2013-14 to 4.7 per cent from 6 per cent earlier saying the recent rupee depreciation and capital outflows could adversely......

India, Japan to treble bilateral currency swap arrangement

India and Japan on Friday decided to more than treble their currency swap arrangement from $15 billion to 50 billion in a move seen as sending an important signal for the rupee. The decision to......

RBI signs currency Swap Arrangement with Japan

The Reserve Bank today signed a Bilateral Swap Arrangement with the Bank of Japan for swapping of the local currencies to address short-term liquidity problems."The arrangement aims at addressing......

Will IPL replace postponed T20 World Cup?

IMAGE: The IPL, which has also been postponed indefinitely due to the pandemic, will likely start in the last week of September and end in the second week of November. Photograph: BCCI The......