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Thursday, October 2, 2025
TopicSri Lanka economic crisis

Topic: Sri Lanka economic crisis

SubscriberWrites: Organic farming to tax cuts—How the Sri Lankan govt created the country’s economic crisis

Sri Lanka has suspended payments on its international debt of more than 51 billion dollars, actively putting the country in default, writes Jay Desai.

‘Govt did not see this coming’ — protestors at Colombo’s ‘Gota Go Gama’ talk of public support

Protest village includes a kitchen, medical centre run by Sri Lankan Red Cross, library, art gallery, cinema hall & space for debate. During this week's violence, people ran to protect protestors.

Sri Lanka turns to 5-time PM Ranil Wickremesinghe to steady island, secure IMF bailout

Wickremesinghe, now his party's lone MP in Parliament, was sworn in once more as PM Thursday. Move seen as attempt to end protests, restore country's international credibility.

Sri Lanka needs greater engagement with India for economic revival, says Indian ex-envoy Kantha

Chinese projects put Colombo in 'debt-trap' & Beijing's advice on current crisis hasn't been helpful, says Ashok K. Kantha, a former Indian high commissioner to Sri Lanka.

Sri Lanka Opposition calls clashes ‘state terrorism’, blames Rajapaksa brothers

Leader of Opposition Sajith Premadasa said Monday’s attack on peaceful protesters by government loyalists was inhumane, preplanned.

As Colombo burns, India hopes for interim govt, supports democracy, stability, economic recovery

The island nation, which is facing severe economic problems, saw massive violence Monday, as pro-and-anti-government protestors clashed, following PM Mahinda Rajapaksa's resignation.

Sri Lankan PM Mahinda Rajapaksa resigns amid protests, ruling MP killed in clashes

Nationwide curfew imposed Monday after violence clashes broke out between loyalists and anti-government protesters.

Police fire on anti-government protesters in Sri Lanka’s Rambukkana, 1 dead

Reports said several were critically injured, including civilians and policemen.

Amid anti-govt protests, Sri Lanka PM propose to cut Prez powers to empower Parliament

Rajapaksa said he would restore the 19th amendment, 19A, which made Parliament stronger, was scrapped when his brother became President in 2019.

Economic reforms aren’t the answer, Sri Lankan crisis needs a political fix

An earlier government led by president Mahinda Rajapaksa borrowed heavily from China and elsewhere to finance ambitious infrastructure projects, saddling Sri Lanka with unsustainable debts.

On Camera

More Andhra-style prawn fry for Indian plates? How Naidu’s trying to blunt US tariff hit on aqua exports

Naidu attempts to shield aqua farmers after Trump’s tariff hits the shrimp farming sector in Andhra Pradesh, leading to the cancellation of 50% of the state's exports.

Finnish giant ICEYE to build signature radar microsatellites in India, offers full control to govt

Company builds microsatellites that are smaller, faster, cheaper to produce. ICEYE will develop & launch micro-satellites, hand them over to India, which will have full control & sovereignty.

Something’s hidden in the Oval Office photo of Trump, Munir, Sharif. India must look closely

What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.