News for 'economic-crisis'

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.

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).

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.

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.

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.

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.

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.

Shehbaz Sharif set to become next Pakistan PM

Shehbaz Sharif set to become next Pakistan PM

Rediff.com14 Feb 2024

Shehbaz Sharif, the younger brother of former premier Nawaz Sharif, is expected to become Pakistan's new prime minister as the coalition of leading political parties led by them is set to comfortably cross the simple majority mark to form the next government after elections produced a split mandate.

Rishi Sunak warns of 'very difficult decisions' in first cabinet meet

Rishi Sunak warns of 'very difficult decisions' in first cabinet meet

Rediff.com26 Oct 2022

Prime Minister Rishi Sunak on Wednesday held his first Cabinet meeting with the new team as he prepares for his debut at Prime Minister's Questions, the first big test of Britain's Indian-origin premier's leadership.

White House: Modi's US visit was not about...

White House: Modi's US visit was not about...

Rediff.com24 Jun 2023

Prime Minister Modi on Saturday left for Egypt after concluding his state visit during which he held wide-ranging talks with President Joe Biden and addressed the joint session of the US Congress.

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'.

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.

Why is the UPA so unprepared for economic crisis?

Why is the UPA so unprepared for economic crisis?

Rediff.com17 Jan 2011

'This is how it works in Delhi. Step One: Wait for a shortage to develop. Step Two: Run around squawking until the deafest trader on the global markets has had the message drummed into his ears. Step Three: Engage in panic buying from abroad at suitably inflated prices.'

Won't allow Sri Lanka to be used as base against India: Wickremesinghe

Won't allow Sri Lanka to be used as base against India: Wickremesinghe

Rediff.com27 Jun 2023

In an interview with France24, Wickremesinghe said, "We are a neutral country, but we also emphasise the fact that we cannot allow Sri Lanka to be used as a base for any threats against India."

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.

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.

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.

India could soon be heading for a grave economic crisis

India could soon be heading for a grave economic crisis

Rediff.com7 May 2013

The exchange rate is substantially overvalued, economic growth had stalled, and the financial system is under stress.

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.

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.

Why Are Sri Lankans Protesting Against India?

Why Are Sri Lankans Protesting Against India?

Rediff.com20 Mar 2022

Glimpses of the protests in Colombo against the worsening economic crisis

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.

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.

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.

Sri Lankan crisis worsens as new finance minister quits, dissidents may walk out

Sri Lankan crisis worsens as new finance minister quits, dissidents may walk out

Rediff.com5 Apr 2022

Sri Lanka's new Finance Minister Ali Sabry on Tuesday resigned, a day after President Gotabaya Rajapaksa appointed him after sacking his brother Basil Rajapaksa amidst the island nation's worst economic crisis.

Mahinda supporters attack anti-govt protesters, 23 injured

Mahinda supporters attack anti-govt protesters, 23 injured

Rediff.com9 May 2022

The violence occurred following reports on Monday that Mahinda Rajapksa may offer to stand down as Prime Minister.

Of economic crisis and the brazen deceits of rich

Of economic crisis and the brazen deceits of rich

Rediff.com28 Mar 2009

Ordinary folk, every newspaper and TV channel in the country, Congressmen (including the ones who were screaming for bank bailouts during 2008) and even people on the Wall Street (what an irony!) are furious that AIG should be paying some of its executives handsome bonuses while on the dole. The details of the AIG bailout that have been made public, reluctantly, by the government focus the spotlight more clearly on the faults of the system as a whole.

Have You Seen An UNDERWEAR Protest?

Have You Seen An UNDERWEAR Protest?

Rediff.com6 May 2022

A unique protest has been launched by protestors in Sri Lanka with underwear placed on the temporary metal barriers erected to block protesters at the main entrance to the island's parliament.

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.

Indian mission asks nationals living in Sri Lanka to register details

Indian mission asks nationals living in Sri Lanka to register details

Rediff.com19 May 2022

Sri Lanka is going through the worst economic crisis since independence in 1948. A crippling shortage of foreign reserves has led to long queues for fuel, cooking gas and other essentials while power cuts and soaring food prices heaped misery on the people.

Lankan police under pressure to arrest Rajapaksa loyalist

Lankan police under pressure to arrest Rajapaksa loyalist

Rediff.com16 May 2022

Sri Lankan police on Monday came under pressure to arrest the Rajapaksa family loyalists involved in attacks on peaceful protesters last week, even as it arrested over 200 people on various charges following the violence that left nine people dead.

Crisis-hit Sri Lanka lifts state of emergency after 2 weeks

Crisis-hit Sri Lanka lifts state of emergency after 2 weeks

Rediff.com21 May 2022

Embattled Sri Lankan President Gotabaya Rajapaksa had declared a state of emergency with effect from May 6 midnight, the second time in just over a month amidst growing countrywide anti-government protests over the economic crisis.

Ex-Lanka Prez gets govt bungalow, special security on return

Ex-Lanka Prez gets govt bungalow, special security on return

Rediff.com3 Sep 2022

The ex-president returned to Sri Lanka on a Singapore Airlines flight.

Ranil Realises His Dream

Ranil Realises His Dream

Rediff.com3 Aug 2022

Ranil Wickremesinghe -- six times Sri Lanka's prime minister -- realised his long cherished dream when he arrived on Wednesday, August 3, 2022, to inaugurate the country's parliament, finally as its president.

Lankan Oppn to move no-trust motion against Gotabaya govt

Lankan Oppn to move no-trust motion against Gotabaya govt

Rediff.com8 Apr 2022

The SJB has begun to collect signatures from MPs for the no-confidence motion, according to media reports.

Lanka political crisis: Former Gotabaya ally pushes for snap polls

Lanka political crisis: Former Gotabaya ally pushes for snap polls

Rediff.com6 Apr 2022

Democratic Left Front politician Nanayakkara was among the 42 members who declared independence in Parliament from the ruling Sri Lanka Podujana Peramuna (SLPP) coalition.

Europe must escalate its efforts to address economic crisis: US

Europe must escalate its efforts to address economic crisis: US

Rediff.com22 Sep 2011

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.