Friday, 2 December, 2022
TopicSri Lanka economic crisis

Topic: Sri Lanka economic crisis

Sri Lanka to keep ‘middle-income’ status but seek concessional loans from World Bank

The Presidential office said that while the status change to 'low income country' won't happen, they will request eligibility for loans offered by International Development Association.

Hospitals out of drugs, surgeries nixed, Sri Lanka’s once-lauded health sector is in crisis

Sri Lanka’s economic crisis has had a devastating impact on the medical sector, with acute shortages and rising prices. Some hospitals even struggle to provide food for patients.

Sri Lanka gets IMF’s provisional nod for $2.9bn loan. Tax reforms, social spend hike part of plan

IMF says agreement is subject to approval by its management and executive board. Sri Lankan govt is yet to come up with debt restructuring plan, say observers.

Sri Lanka-type abyss in India? It’s a fantasy of the Left that can only be dismissed

India’s sobriety and balanced approach has been a complete contrast to Sri Lanka and ranks as one of the better national economic policies anywhere in the world.

Indian envoy meets Sri Lankan Speaker, lauds Parliament’s role in upholding democracy there

High Commissioner Gopal Baglay's meeting with Mahinda Yapa Abeywardena comes days before Sri Lanka elects a new President on 20 July, amidst the ongoing economic & political turmoil there.

‘Sinhala Only’ to remembering Tamil minority victims — How Sri Lanka changed this week

From a 'model developing country' regaining its centrality in the Indian Ocean, Sri Lanka has become a 'bankrupt nation' with socio-economic tensions running deep.

Not majority-minority, Sri Lanka crisis a result of corruption, Rajapaksa family’s greed

RBI has recently liberalised rupee trade mechanism to facilitate ease of foreign exchange outflow. This facility can be extended to Sri Lanka.

China silent on crisis in Sri Lanka, aims to ‘de-hyphenate’ from Rajapaksas, say experts

With political, economic clout in Sri Lanka, China helping the crisis-hit nation was expected. But lack of financial returns & public outrage for Rajapaksas ensured their absence.

Lanka’s Gotabaya ‘flees’ to Male, likely to head to Dubai or Singapore later

India has denied any involvement in Gotabaya Rajapaksa leaving the county. The Sri Lankan President is expected to resign Wednesday.

Voters in swimming pool give politicians chills & why netas prefer Goa’s beaches to Colombo’s

The best cartoons of the day, chosen by the editors at ThePrint.

On Camera

YourTurn

Prannoy Roy in Abu Dhabi

You can call NDTV elitist, anglicised. But it defended democracy, gave us Ravish Kumar

In all these years of covering elections on NDTV, I do not recall a single occasion when I was asked or even hinted to say or not say something. I disagreed with Prannoy Roy off-screen and on-screen and that was never a problem.

51 cow universities, old pension scheme, jobs — what RSS affiliates want from 2023 Budget

Welfare schemes and ‘self-reliance’ figure high on Sangh organisations’ wishlists for finance minister Nirmala Sitharaman ahead of the Budget, which she will present on 1 February.

Defence

A soldier with 'Arjun', a black kite trained to down enemy drones, during the Yudh Abhyas exercise being held in Auli, Uttarakhand | Suraj Singh Bisht | ThePrint

It’s a plane, no it’s a bird! Army’s training eagles & falcons to swoop down on hostile drones

The birds are also being trained for surveillance at Remount Veterinary Corps Centre in Meerut, with cameras fitted to their heads to record videos.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.