News for 'economic-crisis'

India facing 'very complicated challenge' from China: Jaishankar

India facing 'very complicated challenge' from China: Jaishankar

Rediff.com28 May 2023

External Affairs Minister S Jaishankar has said India faces a 'very complicated challenge' from China, and the Narendra Modi government has taken steps to ensure no attempts are made to change the status quo in the border areas unilaterally.

Senseless pressure on Sri Lanka over ship visit, says China

Senseless pressure on Sri Lanka over ship visit, says China

Rediff.com8 Aug 2022

Riled by Sri Lanka's request to defer the planned docking of a high-tech Chinese research vessel at the strategic Hambantota Port, China on Monday took a dig at India, saying it was "senseless to pressure" Colombo by citing the issue of security concerns.

THRILLED To Get A Gas Cylinder

THRILLED To Get A Gas Cylinder

Rediff.com21 May 2022

During the economic crisis in Sri Lanka, the joy of receiving a domestic cooking gas cylinder is priceless.

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.'

Sri Lankan CID grills Mahinda over May 9 violence

Sri Lankan CID grills Mahinda over May 9 violence

Rediff.com26 May 2022

On May 9, violence erupted in Sri Lanka after supporters of the 76-year-old former premier attacked peaceful anti-government protesters demanding his ouster over the country's worst economic crisis that led to acute shortages of staple food, fuel and power.

Emergency in Sri Lanka ahead of new President's election

Emergency in Sri Lanka ahead of new President's election

Rediff.com18 Jul 2022

Sri Lanka's Acting President Ranil Wickremesinghe on Monday imposed emergency giving him sweeping powers ahead of the key election on July 20 to pick a new President as he urged the political parties to put aside differences and form an all-party government, with the Opposition dubbing his decision as an 'undemocratic draconian act'.

Lanka crisis: PM Mahinda Rajapaksa proposes to amend Constitution

Lanka crisis: PM Mahinda Rajapaksa proposes to amend Constitution

Rediff.com19 Apr 2022

A statement issued by the Prime Minister's Office on Monday said that Mahinda Rajapaksa intends to propose a new Constitutional Amendment to the cabinet in order to fulfil the people's aspirations.

High commissioner hosts iftar in Colombo

High commissioner hosts iftar in Colombo

Rediff.com10 Apr 2022

As the anti-hijab, anti-halal and anti-azaan campaigns continue in India, it's good to see Indian High Commissioner to Sri Lanka Gopal Baglay host a iftar party in Colombo.

Waiting in passport queue for 2 days, Lankan woman gives birth

Waiting in passport queue for 2 days, Lankan woman gives birth

Rediff.com7 Jul 2022

A pregnant Sri Lankan woman, who had been in a queue for two days to obtain a passport to leave the crisis-hit country for employment overseas, went into labour while waiting for her turn on Thursday and delivered a baby girl.

COVID positive McDonald to miss start of SL tour

COVID positive McDonald to miss start of SL tour

Rediff.com1 Jun 2022

The Australia squad raised concerns about touring Sri Lanka, which is in the midst of an economic crisis, but the cricket board of the South Asian country has declared the tour will go on as scheduled.

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.

Reading the tea leaves: Low production stirs chai industry's teapot

Reading the tea leaves: Low production stirs chai industry's teapot

Rediff.com13 Jun 2023

The tea industry's cup of woes brimmeth - scanty rainfall and pest attacks have dragged down production in May, prices are lower than last year, and demand from some export markets is muted. Production in North Bengal - comprising the Dooars, Terai, and Darjeeling - is majorly affected; parts of Assam are also hit. Arijit Raha, secretary general, Indian Tea Association (ITA), said that the Tea Board numbers for April show a crop loss of about 9 per cent for North Bengal, compared to last year.

Violent stir near Prez house an act of terrorism, says Lankan govt

Violent stir near Prez house an act of terrorism, says Lankan govt

Rediff.com1 Apr 2022

A statement issued by the presidential media division on Friday said an extremist group was behind the unrest near President Rajapaksa's residence in Mirihana.

Playing Carrom In Sri Lankan PM's Home

Playing Carrom In Sri Lankan PM's Home

Rediff.com13 Jul 2022

Gotabaya and Ranil's home in Colombo have become a picnic spot for Sri Lankans as they tour the premises. Some swam in Gotabaya's swimming pool, exercised in his gym, cooked breakfast and lunch, took a nap on the sofas, and, of course, took selfies.

Youngest Rajapaksa brother stopped from boarding flight to Dubai

Youngest Rajapaksa brother stopped from boarding flight to Dubai

Rediff.com12 Jul 2022

Sri Lanka's former finance minister Basil Rajapaksa, who is the youngest brother of President Gotabaya Rajapaksa, was stopped from boarding a flight to Dubai on Monday evening, local media reported.

Sri Lankan Oppn agrees to form all-party interim government

Sri Lankan Oppn agrees to form all-party interim government

Rediff.com10 Jul 2022

Sri Lanka's main Opposition parties on Sunday agreed to form an all-party interim government after the anticipated resignation of President Gotabaya Rajapaksa on Wednesday, following unprecedented political turmoil that forced him and Prime Minister Ranil Wickremesinghe to offer their resignations over the mishandling of the nation's crippling economic crisis.

Why Jayasuriya Thanked Modi

Why Jayasuriya Thanked Modi

Rediff.com8 Apr 2022

''As a neighbour and a big brother of our country, India has always helped us.'

Sri Lanka plunges into 10-hour daily power cut as fuel crisis worsens

Sri Lanka plunges into 10-hour daily power cut as fuel crisis worsens

Rediff.com30 Mar 2022

All essentials are in short supply due to import restrictions forced by the forex crisis.

Is That A Flying Protestor?

Is That A Flying Protestor?

Rediff.com10 Jun 2022

Two months after the protests in Colombo began over Sri Lanka's terrifying economic crisis, the daily demonstrations outside the presidential palace and other government buildings refuse to die down.

The Modi Interview: 'India will be developed by 2047'

The Modi Interview: 'India will be developed by 2047'

Rediff.com3 Sep 2023

Prime Minister Narendra Modi has said that India's economic growth is a 'natural by-product' of his nine-year-old government's political stability, as he expressed optimism that it will be a developed nation by 2047 with 'corruption, casteism and communalism' having no place in our national life.

Singapore extends Rajapaksa's stay by 14 days: Report

Singapore extends Rajapaksa's stay by 14 days: Report

Rediff.com27 Jul 2022

Rajapaksa, 73, fled Sri Lanka after the July 9 uprising when people broke into the President's House after months of public protests against him for mishandling the country's worst economic crisis since 1948.

Sri Lankan President Flees Protestors

Sri Lankan President Flees Protestors

Rediff.com9 Jul 2022

Thousands of protesters in Colombo broke through police barricades and stormed President Gotabaya Rajapaksa's official residence in the Sri Lankan capital, demanding he resign and accept responsibility for the island's gravest economic crisis that has caused thousands of Sri Lankans to live on one meal a day.

Asia Cup 2023 to be shifted out of Pakistan

Asia Cup 2023 to be shifted out of Pakistan

Rediff.com4 Feb 2023

United Arab Emirates is the favourite to host the ODI tournament in March.

Lanka's parliament to pick president on July 20, Wickremesinghe frontrunner

Lanka's parliament to pick president on July 20, Wickremesinghe frontrunner

Rediff.com15 Jul 2022

The 225-member Parliament will elect the new president by a secret vote on July 20, Speaker Mahinda Yapa Abeywardena said on Friday.

Wickremesinghe sworn in as Lanka interim Prez

Wickremesinghe sworn in as Lanka interim Prez

Rediff.com15 Jul 2022

Lankan Speaker told the party leaders that Parliament will meet on July 20 to elect a new president.

Lankan Parl meets to announce Prez vacancy, Oppn leader Premadasa in fray

Lankan Parl meets to announce Prez vacancy, Oppn leader Premadasa in fray

Rediff.com16 Jul 2022

During the 13-minute special session, Dhammika Dassanayake, ecretary general of Parliament, announced the vacancy for the post of president.

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.

'No one knows who is going to be in charge'

'No one knows who is going to be in charge'

Rediff.com13 Jul 2022

'The worry among many international actors is whether there will be stability to provide assistance to the government because the political developments in the last few months are a real concern.'

Was Narasimha Rao India's Best Prime Minister?

Was Narasimha Rao India's Best Prime Minister?

Rediff.com22 Aug 2023

'He told senior journalists a few days after the Babri Masjid demolition, 'Jo hua theek hua. Maine isliye hone diya ki BJP ki rajniti hamesha ke liye khatam ho jaye.'

China lauds India's 'great efforts' to help Lanka, says S Asia its priority

China lauds India's 'great efforts' to help Lanka, says S Asia its priority

Rediff.com8 Jun 2022

Rajapaksa said China indicated that it would help Sri Lanka, while adding that "usually they don't like" lending out more money to cover earlier debt payments.

3 get Economics Nobel for research on bank regulation, financial crisis

3 get Economics Nobel for research on bank regulation, financial crisis

Rediff.com10 Oct 2022

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was on Monday awarded to Ben S Bernanke, Douglas W Diamond, and Philip H Dybvig for their research work on bank regulation and how financial crises should be managed.

Modi will bail out crisis-hit Pak, extend olive branch, claims ex-RAW chief

Modi will bail out crisis-hit Pak, extend olive branch, claims ex-RAW chief

Rediff.com25 Feb 2023

Dulat, however, pointedly said engagement with Pakistan has always been "influenced by domestic politics".

Chinese spy ship won't dock in Hambantota, says Lanka

Chinese spy ship won't dock in Hambantota, says Lanka

Rediff.com11 Aug 2022

Sri Lanka's Hambantota Port authorities said the high-tech Chinese research vessel that was to dock there on Thursday won't reach the port as scheduled, according to a media report, days after India expressed security concerns over its presence in the island nation.

India denies reports of sending troops to Sri Lanka

India denies reports of sending troops to Sri Lanka

Rediff.com11 May 2022

'The High Commission would like to categorically deny speculative reports in sections of media and social media about #India sending her troops to Sri Lanka. These reports and such views are also not in keeping with the position of the Government of #India,' the Indian mission said on Twitter.

'Ranil's views are same as Rajapaksas'

'Ranil's views are same as Rajapaksas'

Rediff.com21 Jul 2022

'While parliament has elected him, the people are demanding that he goes home.'

Meagre hike in MEA budget; Rs 990 cr allocated towards G20 presidency

Meagre hike in MEA budget; Rs 990 cr allocated towards G20 presidency

Rediff.com1 Feb 2023

The Ministry of External Affairs (MEA) has been allocated a total of Rs 18,050 crore in the Union Budget for 2023-24 which is an increase of around 4.64 per cent over last year's allocation of Rs 17,250 crore.

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.

Sri Lankans on edge ahead of President's promised resignation

Sri Lankans on edge ahead of President's promised resignation

Rediff.com12 Jul 2022

Sri Lankans were on the edge on Tuesday as they waited whether embattled Gotabaya Rajapaksa will honour his offer to resign as president, amid signs that key members of the erstwhile powerful ruling family were attempting to flee in the face of massive public anger against them for mishandling the economy that has bankrupt the country.

Sri Lanka's Kerosene Crisis

Sri Lanka's Kerosene Crisis

Rediff.com22 Mar 2022

Women, men and children waiting in long queues to buy kerosene are a common sight in Colombo and other Sri Lankan cities after the nation's severe economic crisis cut off supplies of petroleum products to the island.

High Commission rejects reports of Mahinda, family fleeing to India

High Commission rejects reports of Mahinda, family fleeing to India

Rediff.com11 May 2022

The whereabouts of Mahinda Rajapaksa is being speculated since his resignation on Monday.