News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay  » News » Lessons of fiscal prudence from Sri Lanka: Jaishankar at all-party meet

Lessons of fiscal prudence from Sri Lanka: Jaishankar at all-party meet

Source: PTI   -  Edited By: Utkarsh Mishra
Last updated on: July 19, 2022 20:23 IST
Get Rediff News in your Inbox:

India is naturally worried over the "very serious crisis" in Sri Lanka and there are "very strong" lessons of fiscal prudence, responsible governance and not having "a culture of freebies" to be learnt, External Affairs Minister S Jaishankar told an all-party meeting in New Delhi on Tuesday.

IMAGE: External Affairs Minister S Jaishankar addresses a meeting with floor leaders of political parties regarding the situation in Sri Lanka, in New Delhi, on Tuesday, July 19, 2022. Photograph: Kamal Kishore/PTI Photo

Jaishankar, who made the initial remarks, and Parliamentary Affairs Minister Pralhad Joshi were among the senior members of the government at the briefing, which was also attended by P Chidambaram and Manickam Tagore of the Congress, Nationalist Congress Party's (NCP) Sharad Pawar and T R Baalu and M M Abdulla of the Dravida Munnetra Kazhagam.


"The reason we took the initiative to request you all to join an all-party meeting was... This is a very serious crisis and what we are seeing in Sri Lanka is in many ways an unprecedented situation," Jaishankar said.

"It is a matter which pertains to a very close neighbour and given the near proximity, we naturally worry about the consequences, the spill-over it has for us," he added.

Jaishankar also said there have been some "misinformed comparisons" in the context of Sri Lanka, wherein some people have asked whether "such a situation can happen in India".

"Lessons from Sri Lanka are very very strong. They are of fiscal prudence, responsible governance and that there should not be a culture of freebies," he said.

M Thambidurai (All India Anna DMK), Saugata Ray (Trinamool Congress), Farooq Abdullah (National Conference), Sanjay Singh (Aam Aadmi Party), Keshava Rao (Telangana Rashtra Samithi), Ritesh Pandey (Bahujan Samaj Party), Vijayasai Reddy (YSR Congress) and Vaiko (Marumalarchi DMK) were among those who attended the meeting.

Sri Lanka is facing its worst economic crisis in seven decades, with a severe foreign exchange shortage hampering the import of essentials, including food, fuel and medicines.

The economic downturn has also sparked a political crisis in the island nation after a popular uprising against the government. Acting president Ranil Wickremesinghe has declared a state of emergency in the country.

Political parties from Tamil Nadu such as the DMK and the AIADMK had demanded at an all-party meet before Parliament's monsoon session began that India should intervene in the crisis shrouding the neighbouring country.

Get Rediff News in your Inbox:
Source: PTI  -  Edited By: Utkarsh Mishra© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.