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Wednesday, December 3, 2025
TopicSri Lanka economic crisis

Topic: Sri Lanka economic crisis

Seed, fertiliser scarcity pushes Sri Lanka into food crisis as farmers abandon fields

Rice production in the last harvest season had already plunged 40% to 50%. Now, crop yields could shrink as much as 50% this year.

Indian businessman ‘caught’ for ‘distributing Rs 5L’ in Lanka ‘would do it all again’

Telangana native Ravinder Reddy says he was taken in for questioning, but not ill-treated; claims was allowed to return home after 'intervention' by Indian High Commission.

Sri Lanka to borrow $55 mn from India to buy urea, year after disastrous organic farming turn

Sri Lankan cabinet Tuesday approved proposal for the loan, which will be extended via EXIM Bank of India. India will also be supplying the country with 65,000 metric tonnes of urea.

Sri Lanka faces tough choice between food security and debt repayments

Hoarding is now prevalent on a global scale, with top producers stopping exports and perpetuating a cycle of inflation and hunger.

Sri Lanka walks a tightrope — Chinese ‘credit card’ on one side, Indian friendship on other

‘India is the only game in town’ said one expert alluding to India lending Sri Lanka a helping hand, Colombo's strained ties with Beijing and the prevailing economic crisis.

Sri Lanka’s Prime Minister wants IMF assistance by middle of June this year

The bankrupt nation will slash its budget expenditure to 'bare bones' and hopes to break even or post a primary surplus of 1% of GDP by 2025, Prime Minister Ranil Wickremesinghe said.

Sri Lanka falls into default for the first time ever

Sri Lanka has been mired in turmoil amid surging inflation, a plummeting currency and an economic crisis that has left the country short of the hard currency it needs.

NSA Ajit Doval meets Sri Lanka High Commissioner Milinda Moragoda, promises more help

India is ‘closely watching’ the next ‘big step’ that Sri Lanka — in the grips of raging protests — is planning to take in terms of doing away with the presidential system of governance.

In Sri Lanka, you can treat yourself to spaghetti and meatballs, if you can afford them

While the poor worry about the next meal, the majority of the middle-class are more concerned about giving up their privileges and putting their dreams on hold.

‘Precarious economy, 15-hr power cuts’: Wickremesinghe’s grim message in 1st address as Lanka PM

The new PM did not attempt to ‘whitewash’ the dire situation in Sri Lanka, unlike his predecessors. Political analysts say country’s most vulnerable will be hit hardest.

On Camera

Indian bureaucracy doesn’t need DOGE. Hiring more would be better for efficiency

The view that bureaucracies are bloated with far too many employees preying on taxpayers money is a widely held myth. Research shows how significantly understaffed the Indian state is.

India’s Insolvency & Bankruptcy Code is struggling to deliver. It’ll take a decade to clear backlog

The Centre is considering an increase in the National Company Law Tribunal's bench capacity, while the Standing Committee of Finance suggests fast-track courts. 

India to commission new squadron of submarine-hunting Romeo choppers in Goa later this month

The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.

Gaali cricket: Bavuma stands tall, India’s Test ego cut to size

The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.