'This escalation was definitely not part of Gen Z's plan. It seems now that these external forces were keenly observing the initial developments from the sidelines and jumped into the fray, taking advantage of the situation, finding that the time was suitable for such acts'
Sri Lanka's state-owned petroleum corporation announced fuel rationing for vehicles with effect from Friday, as an unprecedented economic crisis roils the country.
The average Indian worker must labour for an extraordinary 160 full working days to afford Apple's latest iPhone 17 Pro.
The Sri Lankan government has appointed an advisory committee comprising eminent economic and fiscal experts to provide guidance on addressing the current debt crisis and engaging with the International Monetary Fund (IMF) and other lenders as the country struggles to combat the unprecedented shortage of foreign reserves.
Asserting that sovereign debt and banking stress in Europe are the most serious risks to the global economy, the United States on Wednesday said European leaders must escalate their efforts to address the economic challenges faced by the region.
'There are active terror modules across the country who will find new ways and new targets. From intelligence agencies to an alert citizenry, we all have to play our part.'
Sri Lanka has bestowed its highest civilian award, the Mithra Vibhushana, on Prime Minister Narendra Modi in recognition of his role in strengthening ties between the two nations. The award was presented by President Anura Kumara Dissanayake at a ceremony in Colombo. PM Modi expressed gratitude, stating the award honors not just him but also the people of India. The Mithra Vibhushana, instituted in 2008, has previously been awarded to prominent figures such as former Maldivian president Maumoon Abdul Gayoom and the late Palestinian leader Yasser Arafat. India's Foreign Secretary Vikram Misri highlighted the award as a recognition of PM Modi's contribution to strengthening the India-Sri Lanka partnership, particularly during Sri Lanka's economic crisis. The award includes a citation and a silver medal adorned with Sri Lankan gems and symbolic motifs representing shared heritage and prosperity.
The water crisis could jeopardise more than half of the world's food production and cause an average global GDP loss of 8 per cent by 2050, with lower-income countries facing up to a 15 per cent loss, according to a new report.
'When you compare Bihar's poverty from its earlier times, then there is a huge difference. Things have improved a lot. And migration has played an important role in reducing poverty.'
Cyprus, once a high-income economy is today facing a severe economic crisis.
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While there are no definitive statistics available, the Tirupati Trust Foundation has well over 1,000 tonnes of gold.
Instead of boosting growth, policy should focus on addressing the current account and budget deficits.
'An asset must generate income. Equities yield dividends, bonds pay coupons, deposits give interest, and real estate earns rent.' 'Gold, silver, and even Bitcoin produce no income, they merely store value. So, they should not be compared to productive assets.'
Democratic socialist Zohran Mamdani, of Indian descent, has won the New York City mayoral election, becoming the first Muslim, first Indian-origin, first African-born, and youngest mayor in over a century. His victory is seen as a significant moment for the city and the Indian-American community.
External Affairs Minister S Jaishankar criticizes Pakistan's attempts to protect a terror group at the UN Security Council, highlighting the need for urgent reforms within the global body.
The crisis may not be as visible this time, but the stakes are just as high, points out Rajeswari Sengupta.
'This will be a close election. At least now, it appears that the NDA has an edge.'
Anura Kumara Dissanayake was sworn in as Sri Lanka's ninth president on Monday, amid hopes that he will bolster the country's economy and eliminate corruption.
The economic situation has led to huge protests with demands for the resignation of Prime Minister Mahinda Rajapaksa and President Gotabaya Rajapaksa.
A statement from the finance ministry said, 'it shall be the policy of the Sri Lankan government to suspend normal debt servicing...shall apply to amounts of affected debts outstanding on April 12, 2022'.
The two sides are also likely to firm up a currency swap framework and seal several other agreements including one on debt restructuring following talks between Modi and Sri Lankan President Anura Kumara Disanayaka on April 5, people familiar with the matter said.
'It takes time and the experience of a few market cycles to develop awareness about one's true risk appetite.'
Ppolitical experts in Colombo said the ministers came under intense pressure from the public over the government's alleged "mishandling" of the economic crisis, triggered by the shortage in the foreign exchange reserve.
The story of Bihar's educational reform is a lesson for all reforms done halfway.
The US remains the largest market for IT outsourcing, and for Indian giants TCS, Infosys and Wipro, it contributes around 40 per cent of their top line.
'You cannot 'clear' your way to peace.' 'You need intelligence, calibrated force, impartial law enforcement, political neutrality, humanitarian returns and a sustained reconciliation plan.'
Prime Minister Manmohan Singh is likely to discuss the impact of global demand contraction on Indian economy with industry leaders in New Delhi on Saturday, ahead of the G-20 summit in London next week.
The White House trade adviser, Peter Navarro, on Sunday (local time) again added to his previous meltdown, after being corrected over spreading misinformation pertaining to India's purchase of Russian oil, by dismissing the community notes on X and accusing it of serving 'foreign interests' that meddle in domestic US economics and politics.
Former Indian Prime Minister Manmohan Singh, who died at the age of 92, dropped out of a pre-medical course after losing interest in the subject, according to a book by his daughter. Daman Singh's book "Strictly Personal: Manmohan and Gursharan" reveals that her father was initially interested in medicine but found economics more appealing. She also portrays Singh as a funny man with a good sense of humor.
'The BJP only talks of Kashmiri Pandits when elections are held.'
LinkedIn experts and real-life stories offer hope that Indian tech talent can still thrive globally, even as the $100,000 H1B fee reshapes onsite opportunities.
'There are times when India should stand up without hesitation and voice its indignation over the US' pressure tactic. This is one such moment,' asserts Ambassador M K Bhadrakumar.
Domestic exporters on Monday expressed concerns over the crisis in Bangladesh and said the developments in the neighbouring country would have implications on bilateral trade. However, exporters expect that the situation may normalise soon. According to exporters, they are already facing disruptions in exports to Bangladesh due to a shortage of foreign exchange in that country.
These six people have created a political climate more difficult for business, indeed more hostile to business, than at any time since the mid-1980s.
Democratic Left Front politician Nanayakkara was among the 42 members who declared independence in Parliament from the ruling Sri Lanka Podujana Peramuna (SLPP) coalition.
Trump is confident the US will eventually emerge the winner from whatever turmoil his policies cause, notes T T Ram Mohan.
'One Chinese interlocutor said India should realise that "China can do without India, but India could not do without China", pointing to its inability to do without Chinese intermediates and components,' former foreign secretary Shyam Saran discovers on a visit to China.
If the Indian government is indeed serious about reversing brain drain, it needs to put much more emphasis on research and innovation, especially in areas that will determine the future, asserts Prosenjit Datta.
The MiG-21 episode demonstrates that procurement is always strategic.
Choices about what aircraft to acquire, who builds them, who supplies the spares, who trains the pilots and technicians are decisions with political consequences lasting for decades.
India's gain will be an additional business of $300 million to $400 million per month if 10-11% of Bangladesh's export is diverted to Indian hubs like Tiruppur.
