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Wednesday, December 3, 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

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.