The Sri Lankan government attributes the sharp depreciation of the rupee against the US dollar to the ongoing conflict in West Asia, citing increased costs for essential imports like gas, fertiliser, and oil.
A group of 22 people dressed as monks has been arrested at Bandaranaike International Airport in Sri Lanka for allegedly carrying Kush and Hashish narcotics upon arrival from Thailand.
Sri Lankan President Anura Kumara Dissanayake has announced an economic relief package to mitigate the impact of the West Asia conflict, including fuel price reductions and support from India for petrol and diesel supplies.
Private bus operators in Sri Lanka warn of potential service disruptions and a nationwide strike due to significant fuel price increases, impacting public transport and raising concerns about inflation.
RBI, Sri Lankan central bank agree on $1.5 bln currency swap deal.
Sri Lankan national Priyantha Kumara Diyawadana, who was lynched by a mob in Pakistan's Punjab province over allegations of blasphemy last week, was buried according to Buddhist and Catholic rites at Ganemulla, a suburb north of Colombo, on Wednesday.
Sri Lanka continues relief and rescue efforts with India's assistance after Cyclone Ditwah caused widespread devastation, killing over 190 people and affecting nearly a million.
Sri Lanka stays with you not just in memory, but gently reminds you what a society can achieve when heart and heritage guide the way.
India's leading agriculture commodity exchange, the National Commodity & Derivatives Exchange (NCDEX), has decided to acquire around a 20 per cent stake in a new commodities and financial derivatives exchange being set up in Sri Lanka, subject to regulatory and governmental approvals. The move aims to deepen NCDEX's footprint in the financial ecosystem of its neighbouring country.
Prime Minister Narendra Modi received a tri-services ceremonial welcome in Colombo, Sri Lanka, marking the first time such an honor has been bestowed upon a foreign leader. The welcome took place at the historic Independence Square, the venue for national day celebrations. Modi's visit comes as Sri Lanka shows signs of recovery from a recent economic crisis, with India playing a significant role in providing assistance. During the visit, both leaders are expected to discuss a range of issues, including defense cooperation, energy, and digital initiatives.
Muthayya Fernandes, a fisherman from Rameswaram, was imprisoned in Sri Lanka for crossing the International Boundary in search of fish.
India, the land that gave the world Darjeeling and Assam tea, risks losing its place at the global tea table, not because of its leaves, but because of its lost opportunities, notes Kanika Datta.
Cyclone Ditwah exits Sri Lanka after causing widespread destruction and over 120 deaths, heading towards the Indian coast. Heavy rains and high winds are expected to continue.
The question is no longer whether the war will expand. It has. The next few days will tell us whether the war stabilises around Hormuz or whether the Strait itself becomes the trigger for a far larger rupture. What to watch for over the next 48 hours is simple: Any move by the US toward direct naval control of the Strait; any credible Iranian attempt to disrupt or mine shipping lanes and, critically, whether energy infrastructure in the Gulf continues to be targeted.If those lines are crossed in tandem, the war will no longer be containable within the region.
A video is being shared on social media showing the protesters counting the currency notes that were unearthed. The recovered money was said to be handed over to the security units, the Daily Mirror newspaper reported.
'The economic crisis hit us from nowhere. No one saw it coming.'
Banks and companies in India are taking a cautious approach towards Sri Lanka, which, reeling from a financial crisis, has sought a $1-billion loan from the country to import essential commodities. A senior State Bank of India (SBI) executive said the bank was committed (to Sri Lanka) for the long term. "As far as exposures (are concerned), the bank will be cautious on its dollar exposure to Sri Lankan entities till the situation improves," he said.
India has donated some 10,000 bicycles in Sri Lanka's war-torn north under an assistance programme to help in the rehabilitation of those displaced during nearly three-decade long conflict.
The recent 'revelation' by TN fishers freed by Sri Lanka after they had paid up Lankan rupees 50,000 each in fines, that their hair was tonsured in prison and they were forced to remove their garments other than the underpants, and were also made to clean toilets, as if with vengeance, has touched a raw nerve this time, just as another issue or issues had done it ahead of the Jallikattu protests, observes N Sathiya Moorthy.
Sri Lanka's state-owned petroleum corporation announced fuel rationing for vehicles with effect from Friday, as an unprecedented economic crisis roils the country.
Rs 1,000 now buys $13.5 against $14 a year ago.
Sri Lankan Cricket, on Wednesday, slapped a defamation lawsuit against sports minister Roshan Ranasinghe for making "damaging defamatory statements" against it, deepening the administrative crisis in the country.
India and Sri Lanka on Friday signed four agreements during Narendra Modi's maiden visit to the country, the first bilateral tour by an Indian premier in 28 years, with the prime minister announcing a slew of measures aimed at resetting ties with the strategic neighbour.
In its bid to rein in the dreaded suicide squads of LTTE, the Sri Lanka government is offering $93,000 and an overseas job to the rebel suicide bombers who surrender before the authorities.Posters showing the offer were already pasted on walls around Colombo two weeks back, but confusion over it ended on Monday with the government admitting to making the offer of 10 million Sri Lankan rupees for suicide bombers giving themselves up.
A Sri Lankan bank has agreed to release 600 million Sri Lanka rupees ($5.07 million) to the country's cash-strapped cricket board to pay its salary-starved players, according to the sports ministry.
Prime Minister Mahinda Rajapaksa became the only member of the family to retain a cabinet position in his younger brother Gotabaya Rajapaksa's new cabinet of 17 ministers appointed on Monday, as the island nation was facing the worst economic crisis.
The Ministry of External Affairs (MEA) on March 17 had announced that State Bank of India (SBI) would extend a term loan of $1 billion to Sri Lanka, fully guaranteed by the Indian government, and this was part of India's financial aid to the troubled island nation. Ministry of External Affairs (MEA) spokesperson Arindam Bagchi was quoted saying by news agency PTI that the loan would be used for importing food, medicines, and other essential items. "India has always stood with the people of Sri Lanka and we will continue to extend all possible support at this juncture.
-- Seven suicide bombers believed to be members of an Islamist extremist group carried out the series of explosions. -- Police have so far arrested 24 people - mostly members of an Islamist extremist group - in connection with the blasts
The visitors discovered that some of the players' money and apparels were stolen from right under their nose in Colombo.\n
Lanka's sports minister said some 10 million rupees (around $70,000) had been offered to the players to lose the match. Police had mounted a search for the suspect who was said to have approached the two players
'International cricket is incomplete without Pakistan.'
'To simply let the rupee depreciate to any level according to market forces will not be in the country's interests.'
As the economic crisis in Sri Lanka - the world's largest exporter of orthodox tea - continues to rage across the island nation, tea producers in India look to cash in on the opportunity to seize the market. The country's largest tea growing company, McLeod Russel India, expects orders to come in from July. "A huge opportunity is coming up for everyone in India. "McLeod Russel is well placed because we have the capacity for orthodox tea," said Azam Monem, director, McLeod Russel. About 10 per cent of McLeod's production is orthodox tea.
Some 404 houses were handed over to the Indian-origin people, mostly Tamils.
If one has to analyse Ashwin the cricketer, it is very difficult to ignore Ashwin, the person, who had a very independent mind and a brain that probably ticked 24x7. He believed in de-construction of his art and became craftier one ball at a time.
SLC has already postponed all domestic cricket tournaments until further notice.
Officials said the six were arrested after a money changer noticed that the 500 and 1,000 Indian rupee notes presented to him for changing were fake.
'The rupee has lost value against all other major Asian currencies, including that of Bangladesh and, of course, China.' 'Why should this be the case when the Indian economy has been growing faster than these economies, other than China?'
The scam came to light when a Sharjah resident filed a complaint.
Indications are that the DMK combine will win more seats than the AIADMK and BJP, but is facing a tough fight in about half a dozen from the rest, predicts N Sathiya Moorthy of the electoral contest in Tamil Nadu.
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