News for 'economic-crisis'

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.

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.

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.

'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.'

Sri Lanka rejects Trudeau's 'Tamil Genocide' comment

Sri Lanka rejects Trudeau's 'Tamil Genocide' comment

Rediff.com20 May 2023

Sri Lanka's Ministry of Foreign Affairs rejected Trudeau's statements, asserting that they contained outrageous claims of genocide relating to past conflicts in the country.

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.

'Imran's no typical Pakistani leader'

'Imran's no typical Pakistani leader'

Rediff.com12 May 2023

'He's charismatic, a populist, very popular, and indeed a cult of personality.' 'That ensures a powerful reaction from his support base -- even if it's not sustained, it will be quite intense, and that's worrisome for stability.'

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.

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.

China Knows India Has Stolen A March

China Knows India Has Stolen A March

Rediff.com1 Nov 2023

China has signalled that it will prevent India from assuming leadership of the Global South, observes Ambassador T P Sreenivasan.

'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.'

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.

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.

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.

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.

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.

Are Rajapaksas' Days Numbered?

Are Rajapaksas' Days Numbered?

Rediff.com9 Apr 2022

In what appears to be more trouble for President Gotabaya Rajapaksa and his elder brother Prime Minister Mahinda Rajapaksa's government, the main Opposition Samagi Jana Balawegaya party on Friday announced that it will move a no-confidence motion against the government if it fails to take steps to address the concerns of the public facing hardships due to the worst economic crisis in the island's history.

Mahinda, Namal among 16 barred from travelling abroad

Mahinda, Namal among 16 barred from travelling abroad

Rediff.com12 May 2022

The order was also imposed on parliamentarians Johnston Fernando, Pavithra Wanniarachchi, Sanjeewa Edirimanne, Kanchana Jayaratne, Rohitha Abeygunawardena, C B Ratnayake, Sampath Athukorala, Renuka Perera, Sanath Nishantha, Senior DIG Deshabandu Thennakoon among others.

Gotabaya Rajapaksa: A 'war hero' detested by his admirers

Gotabaya Rajapaksa: A 'war hero' detested by his admirers

Rediff.com15 Jul 2022

Though dubbed as the "war hero", the role of Rajapaksa in ending the conflict with the Liberation Tigers of Tamil Eelam with the death of its supremo Velupillai Prabhakaran in 2009 is quite divisive as he stands accused of violating human rights, a charge he vehemently denies.

'Go home' chant getting louder as pressure mounts on Gotabaya to quit

'Go home' chant getting louder as pressure mounts on Gotabaya to quit

Rediff.com10 Apr 2022

Eyewitnesses said that a section of the protesters had remained for the all-night vigil.

'Asia Cup win will help Sri Lanka during T20 World Cup'

'Asia Cup win will help Sri Lanka during T20 World Cup'

Rediff.com12 Sep 2022

Sri Lanka captain Dasun Shanaka said winning the Asia Cup will help the team's preparation for next month's Twenty20 World Cup.

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.

Sri Lankan protesters camp outside PMO demanding ouster of Rajapaksas

Sri Lankan protesters camp outside PMO demanding ouster of Rajapaksas

Rediff.com26 Apr 2022

Thousands of demonstrators have hit the streets since April 9, as the government ran out of money for vital imports; prices of essential commodities have skyrocketed and there are acute shortages in fuel, medicines and electricity supply.

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".

Will Australia tour crisis-hit Sri Lanka?

Will Australia tour crisis-hit Sri Lanka?

Rediff.com10 May 2022

Cricket Australia is monitoring the situation in Sri Lanka ahead of the tour.

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.

Lankan Prez flies to Singapore from Maldives

Lankan Prez flies to Singapore from Maldives

Rediff.com14 Jul 2022

Rajapaksa has departed from the Maldives on Saudi Airline flight SV 788 to Singapore, sources said.

David Warner pens heartfelt message to Sri Lankan fans

David Warner pens heartfelt message to Sri Lankan fans

Rediff.com12 Jul 2022

David Warner took to Instagram to pen a heartfelt message for the Sri Lankan fans, thanking them for hosting Australia 'during what is an extremely difficult time'

Why is Roshan Mahanama Serving Tea?

Why is Roshan Mahanama Serving Tea?

Rediff.com20 Jun 2022

'We need to look after each other during these difficult times.'

Sri Lanka on the boil as anti-Rajapaksa protests enter 50th day

Sri Lanka on the boil as anti-Rajapaksa protests enter 50th day

Rediff.com28 May 2022

Sri Lankan police on Saturday fired tear gas and water cannons to disperse anti-government protestors here as the ongoing agitation demanding the resignation of President Gotabaya Rajapaksa over the worst economic crisis intensified as it entered its 50th day.

Emergency declared in Sri Lanka as President Gotabaya flees to Maldives

Emergency declared in Sri Lanka as President Gotabaya flees to Maldives

Rediff.com13 Jul 2022

Sri Lanka declared a state of emergency on Wednesday as angry protesters stormed the prime minister's office in Colombo, hours after president Gotabaya Rajapksa fled to the Maldives on a military jet, amid the country's worst economic crisis in decades.

More Lankan nationals fleeing crisis-hit island nation reach India

More Lankan nationals fleeing crisis-hit island nation reach India

Rediff.com24 Mar 2022

A group of 10 people, including women and children, arrived after getting stranded at fourth island here but were rescued and brought to the shore by the Indian Coast Guard.

PM chairs key all-party meet on G-20, seeks cooperation

PM chairs key all-party meet on G-20, seeks cooperation

Rediff.com5 Dec 2022

Opposition leaders urged Modi to use the opportunity for the country's benefit.

After Mahinda's exit, Gotabaya talks to dissidents to end impasse

After Mahinda's exit, Gotabaya talks to dissidents to end impasse

Rediff.com11 May 2022

After nearly two days of political deadlock, the stakeholders are engaged in prolonged talks to try and appoint a successor to Mahinda Rajapaksa.

Mahinda faces calls for arrest as 8 killed in violence

Mahinda faces calls for arrest as 8 killed in violence

Rediff.com10 May 2022

Mahinda Rajapaksa has been accused by the Opposition of inciting the ruling party mobs to attack peaceful protesters by making a defiant speech while addressing several thousands of his supporters to deflect calls for his resignation.

'If its basic industry is terrorism': Jaishankar on helping Pak

'If its basic industry is terrorism': Jaishankar on helping Pak

Rediff.com23 Feb 2023

Jaishankar also made it clear that it is in nobody's interest to see a country get into severe economic difficulties, and that too a neighbour.

Gotabaya blames Covid for Lanka's economic woes

Gotabaya blames Covid for Lanka's economic woes

Rediff.com16 Jul 2022

Rajapaksa said he took the best steps like trying to form an all-party government to counter the economic meltdown.

Amid calls to quit, Gotabaya agrees to curb his powers

Amid calls to quit, Gotabaya agrees to curb his powers

Rediff.com12 May 2022

Sri Lanka's embattled President Gotabaya Rajapaksa, under immense pressure from the public and the Opposition to quit over the island nation's worst economic crisis, said on Thursday that the abolition of the executive presidency, a move that will curb his powers, will be considered by Parliament.

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.

In land of Maradona and Messi, fans jostle for World Cup stickers

In land of Maradona and Messi, fans jostle for World Cup stickers

Rediff.com20 Sep 2022

The trend has generated a wave of social media memes and satire, and even the creation of an app that allows you to track where to get the coveted stickers. New stock has been selling out in a matter of hours.