News for 'economic-crisis'

India denies stopping issuance of visas in Sri Lanka

India denies stopping issuance of visas in Sri Lanka

Rediff.com13 May 2022

The High Commission said it was striving to return to its normal functioning soon.

Lanka's anti-govt stir ends, protestors swear by systemic change

Lanka's anti-govt stir ends, protestors swear by systemic change

Rediff.com10 Aug 2022

The protesters left the main anti-government protest camp at Galle Face promenade where they had been staging sit-ins since April 9, branding it as the 'Gota go home village' (Rajapaksa go home).

Sri Lanka deploys troops, military vehicles on Colombo's streets

Sri Lanka deploys troops, military vehicles on Colombo's streets

Rediff.com11 May 2022

Sri Lankan authorities on Wednesday deployed troops and military vehicles in the streets to ensure public security in the capital amidst nationwide protests over the government's failure to tackle the worst economic crisis.

India effect? Lanka asks China to defer spy ship visit

India effect? Lanka asks China to defer spy ship visit

Rediff.com7 Aug 2022

China's embassy in Colombo has sought an urgent meeting with senior Sri Lankan authorities after Colombo sought a deferment of the planned docking of a high-tech Chinese research vessel at the strategic Hambantota port over which India raised concerns, sources said.

Why Cyprus is facing a grave economic crisis

Why Cyprus is facing a grave economic crisis

Rediff.com25 Mar 2013

Cyprus, once a high-income economy is today facing a severe economic crisis.

Lanka crisis: Gotabaya forms panel to manage finances

Lanka crisis: Gotabaya forms panel to manage finances

Rediff.com7 Apr 2022

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.

Sri Lanka wants amicable settlement of Chinese ship issue, says minister

Sri Lanka wants amicable settlement of Chinese ship issue, says minister

Rediff.com2 Aug 2022

Foreign minister Ali Sabry told the cabinet that the Chinese vessel had only asked for a refuelling visit.

With President ready to quit, Lanka army chief urges people for peace

With President ready to quit, Lanka army chief urges people for peace

Rediff.com10 Jul 2022

Thousands of irate anti-government protesters in Sri Lanka on Saturday stormed into embattled President Rajapaksa's official residence in central Colombo's high-security Fort area after breaking the barricades, as they demanded his resignation over the island nation's worst economic crisis in recent memory.

NAM summit begins; Terror, economic crisis agenda

NAM summit begins; Terror, economic crisis agenda

Rediff.com15 Jul 2009

Opening the two-day 15th NAM Summit of the 118 developing nations at this Egyptian Red Sea resort city, Cuban President Raul Castro said the grouping believes that all countries in the world should search for effective and justified measures to tackle the current financial crisis.

President on the economic crisis & black money

President on the economic crisis & black money

Rediff.com4 Jun 2009

Expecting the economy to slow down in the current fiscal amid global recession, President Pratibha Patil said the new government will focus on adversely-affected sectors like infrastructure, exports, SMEs, and housing to restore the growth momentum.

Economic crisis takes toll on employee health

Economic crisis takes toll on employee health

Rediff.com7 Apr 2009

Fifty-four per cent of the IT/ITeS workforce suffer from depression, severe headache, obesity, spondylitis and hypertension. Forty-seven per cent of financial services sector employees suffer from fatigue, diabetes and cardiovascular diseases. In the media, 51 per cent reported to be sick due to depression and high blood pressure. Fifty per cent of the employees working in KPOs suffered from chronic and lifestyle diseases.

Lanka 'probes' Indian media report on LTTE planning attack

Lanka 'probes' Indian media report on LTTE planning attack

Rediff.com15 May 2022

President Gotabaya Rajapaksa, who is currently facing public demand for his resignation over his mishandling of the economic crisis, is the man who ruthlessly ended Sri Lanka's nearly 30-year civil war with the LTTE with the death of its supremo Velupillai Prabhakaran in 2009.

Crisis-hit Lanka starts fuel rationing

Crisis-hit Lanka starts fuel rationing

Rediff.com15 Apr 2022

Sri Lanka's state-owned petroleum corporation announced fuel rationing for vehicles with effect from Friday, as an unprecedented economic crisis roils the country.

UNHRC votes against Sri Lanka's rights record, India abstains

UNHRC votes against Sri Lanka's rights record, India abstains

Rediff.com6 Oct 2022

India on Thursday abstained on a draft resolution in the UN Human Rights Council in Geneva on promoting reconciliation, accountability and human rights in Sri Lanka which was adopted.

Sri Lanka's cabinet resigns en masse as crisis deepens

Sri Lanka's cabinet resigns en masse as crisis deepens

Rediff.com4 Apr 2022

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.

Protests at Lankan naval base housing ex-PM Mahinda

Protests at Lankan naval base housing ex-PM Mahinda

Rediff.com10 May 2022

A protest has begun in front of the Trincomalee Naval Base after reports Mahinda Rajapaksa and some of his family members are there after leaving Temple Trees, the official residence of prime minister.

Economic crisis to aid leading IT firms

Economic crisis to aid leading IT firms

Rediff.com22 Jan 2009

The most optimistic scenario is that when it is all over and the global economy is back on even keel, the Indian leaders will be stronger than they are now by virtue of having cut costs and acquired market share in the interim. India's three big IT firms Infosys, Wipro and TCS -- have added significant new clients and announced multi-year, multi-million dollar deals.

Economic crisis: Will it end in 2009?

Economic crisis: Will it end in 2009?

Rediff.com19 Jan 2009

This does not necessarily mean that macroeconomic data will improve dramatically. Growth and employment could depress for a while. The markets are, however, unlikely to bother with absolute levels. They will cheer a situation in which the numbers don't get any worse and show the mildest promise of improvement.

Economic crisis takes its toll on brokerages

Economic crisis takes its toll on brokerages

Rediff.com14 Jan 2009

Motilal Oswal Financial Services has posted a net profit of Rs 20.4 crore, a sharp drop of 62 per cent compared to the corresponding period of the previous year. The fall is attributed to the tough market conditions. Kochi-based Geojit Financial Services has posted profit after tax of Rs 38.63 crore after the company received Rs 40 crore as compensation from BNP Paribas for discontinuing the commodity business.

Economic crisis to hit Indians in UK

Economic crisis to hit Indians in UK

Rediff.com26 Nov 2008

There are "grave implications" of the current economic downturn for 1.5 million people of Indian origin working and living in Britain, according to the Indian Workers Association.

How India can avoid a grave economic crisis

How India can avoid a grave economic crisis

Rediff.com26 Sep 2012

Instead of boosting growth, policy should focus on addressing the current account and budget deficits.

India at risk from European economic crisis: Maplecroft

India at risk from European economic crisis: Maplecroft

Rediff.com25 Jul 2012

India and other key emerging markets have been categorised as having high exposure to Europe's economic woes by a risk analysis firm, Maplecroft.

Economic crisis may be of govt making: Chidambaram

Economic crisis may be of govt making: Chidambaram

Rediff.com10 Jul 2012

Home Minister P Chidambaram on Tuesday said while some of the difficulties on the economic front may be of government's making, most of them are due to international situation.

Crisis-hit Sri Lanka announces default on foreign debt

Crisis-hit Sri Lanka announces default on foreign debt

Rediff.com12 Apr 2022

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'.

Lanka parties to meet again after talks on Tamil rights ends in discord

Lanka parties to meet again after talks on Tamil rights ends in discord

Rediff.com27 Jul 2023

The all-party meeting aimed at reconciliation and conferring full powers to Sri Lanka's provincial councils will be reconvened in a month after initial deliberations on Wednesday failed to yield any agreements, party officials said on Thursday.

Sri Lanka allows Chinese research vessel to dock, India monitoring situation

Sri Lanka allows Chinese research vessel to dock, India monitoring situation

Rediff.com31 Jul 2022

The southern deep-sea port of Hambantota is considered strategically important for its location.

Lankan PM Wickremesinghe appointed as Finance Minister

Lankan PM Wickremesinghe appointed as Finance Minister

Rediff.com25 May 2022

The five-time prime minister was re-appointed to the job on May 12 following the political circus precipitated by the unprecedented economic crisis in the island's history.

Anwaar-ul-Haq Kakar to be Pakistan's caretaker PM

Anwaar-ul-Haq Kakar to be Pakistan's caretaker PM

Rediff.com12 Aug 2023

Kakar, a lawmaker belonging to Balochistan Awami Party (BAP), will lead a caretaker government until a new election later this year.

Watch Live! All the action in Parliament

Watch Live! All the action in Parliament

Rediff.com1 Apr 2022

Watch all the action from both House of the Parliament.

Why Are Sri Lankans Protesting?

Why Are Sri Lankans Protesting?

Rediff.com18 Mar 2022

Angry protests in Colombo as Sri Lanka grapples with its worst ever economic crisis.

Protests intensify in Lanka despite nationwide curfew; over 600 held

Protests intensify in Lanka despite nationwide curfew; over 600 held

Rediff.com3 Apr 2022

The government's poor handling of the economic crisis where people currently endure long hours of power outages and scarcity of essentials has angered the public which planned country-wide protests on Sunday.

How economic crisis doubled Indians' sufferings in recent years

How economic crisis doubled Indians' sufferings in recent years

Rediff.com27 Nov 2013

Increase in sufferings in India has also resulted in an increase in sufferings in South Asia, the latest report from the American opinion poll agency said.

Ranil Wickremesinghe is back as Sri Lanka's prime minister for 5th time

Ranil Wickremesinghe is back as Sri Lanka's prime minister for 5th time

Rediff.com12 May 2022

The 73-year-old United National Party was appointed as the prime minister by President Gotabaya Rajapaksa after they held closed-door discussions on Wednesday.

Why Are Sri Lankans Queuing For Passports?

Why Are Sri Lankans Queuing For Passports?

Rediff.com20 Jul 2022

Sri Lankans queued up to apply for fresh passports outside the department of immigration and emigration office in Colombo.

Row erupts in Sri Lanka over Gotabaya's resignation report

Row erupts in Sri Lanka over Gotabaya's resignation report

Rediff.com20 Apr 2022

There have been growing calls for President Rajapaksa's resignation over the past few weeks over his government's mishandling of Sri Lanka's worsening economic crisis.

Pranab denies stimulus was root of present economic crisis

Pranab denies stimulus was root of present economic crisis

Rediff.com4 Oct 2013

President Pranab Mukherjee has sought to counter criticism against the economic stimulus provided when he was the Finance Minister in 2009 and maintained that economy under him registered high growth rates.

Protestors set up blocks on way to airport to prevent Rajapaksa loyalists fleeing

Protestors set up blocks on way to airport to prevent Rajapaksa loyalists fleeing

Rediff.com10 May 2022

Anti-government protesters in Sri Lanka on Tuesday set up a checkpoint on the road leading to the Bandaranaike International Airport in Colombo to prevent the Rajapaksa family loyalists from fleeing the country, as violence and widespread protest continued against the regime over the country's worst economic crisis in decades.

Rajapaksa faces new crisis as dissidents plan to ditch govt

Rajapaksa faces new crisis as dissidents plan to ditch govt

Rediff.com5 Apr 2022

The dissidents, led by former president Sirisena's Sri Lanka Freedom Party, would leave the ruling Sri Lanka Podujana Peramuna coalition with its 14 Members of Parliament, party sources said after their meeting with the President on Monday.

Sri Lanka: 'It has really hit us bad'

Sri Lanka: 'It has really hit us bad'

Rediff.com5 Apr 2022

'The economic crisis hit us from nowhere. No one saw it coming.'

'Disturbed' Jaishankar offers help after Lankan hospital runs out of medicines

'Disturbed' Jaishankar offers help after Lankan hospital runs out of medicines

Rediff.com29 Mar 2022

The Director of the Peradeniya Hospital in the central district of Kandy on Monday announced the temporary suspension of all routine surgeries due to the shortage of medicine.