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"economic-crisis"

  • Telangana faces mounting retirement crisis amid growing fiscal pressure

    The number of retirees surged from 1,602 in 2023 to 7,995 in 2024, with the trend expected to continue.
  • Editorial: Turmoil in Pakistan

    Imran Khan has added fuel to prevailing public discontent by giving a call to lay siege to the capital
  • Editorial: Winds of change in Sri Lanka

    The strong mandate for Dissanayake’s coalition comes with great expectations of a speedy recovery
  • Editorial: Temper expectations

    It is highly unlikely that India and Pakistan will engage in bilateral talks of any kind on the sidelines of SCO summit
  • Sri Lanka presidential polls in September

    Election announcement set to end balance term of President Gotabaya Rajapaksa, who was ousted in mid-2022 in public uprising
  • Sri Lanka records single-digit inflation amid economic crisis

    Sri Lanka said that its inflation has dropped to 6.3 per cent, a single-digit figure for the first time in two years, providing much-needed relief to the people amidst the worst financial crisis.
  • Pakistan crisis deep enough for military takeover, warns former PM

    Abbasi warned of anarchy if friction within the society and institutions became too deep
  • Editorial: Neighbour in trouble

    Despite a deepening economic crisis, political parties in Pakistan are in no mood to pause their ongoing war
  • Centre’s policies led to economic crisis: KTR

    Hyderabad: TRS working president and Industries Minister KT Rama Rao on Thursday came out all guns blazing against the Central government stating that no amount of spin and sophistry by union Finance Minister Nirmala Sitharaman can conceal the BJP government’s failed economic policies, its empty promises and facts that have had a disastrous impact on […]
  • Sri Lanka to ration fuel by issuing token numbers

    Colombo: Sri Lanka’s Minister of Power and Energy Kanchana Wijesekera on Sunday said that fuel stations across the country will issue tokens for consumers from Monday as only limited stocks were available. Speaking to journalists in Colombo, Wijesekera said that the assistance of the Sri Lankan Army and police was sought and token numbers would […]
  • India sends one more consignment of 40,000 MT of diesel to Sri Lanka

    Colombo: India on Tuesday said it has delivered one more consignment of 40,000 metric tonnes of diesel to Sri Lanka to help ease the acute fuel shortage in the debt-ridden island nation which is grappling with its worst economic crisis. India extended an additional USD 500 million credit line to Sri Lanka last month to […]
  • India supplies another 40,000 metric tonnes of diesel to crisis-hit Sri Lanka

    Colombo: India on Saturday provided another 40,000 metric tonnes of diesel to Sri Lanka under the credit line facility to the island nation which is grappling with its worst economic crisis. Last month, India extended an additional USD 500 million credit line to help Sri Lanka import fuel as the country has been struggling to […]
  • Tourism collapse deepens Sri Lankan economic crisis, hospitality bears brunt

    Colombo: Tourism industry in Sri Lanka is severely affected as the country is gripped by a severe economic crisis. Hotels are empty, and beaches are deserted in Colombo. Sri Lanka is facing its worst economic crisis since independence with food and fuel shortages, soaring prices and power cuts affecting a large number of the citizens, […]
  • Sri Lanka’s Defence Ministry cancels leaves of all security personnel

    Colombo: Sri Lanka’s Defence Ministry has appealed to the public to assist it in managing the current economic crisis and unrest in the country with “utmost intelligence and patience” and also cancelled the leaves of all security personnel, following the declaration of a state of emergency in the country by embattled President Gotabya Rajapaksa. In […]
  • Sri Lankan President Gotabaya Rajapaksa declares state of emergency

    Colombo: Embattled Sri Lankan President Gotabaya Rajapaksa declared a state of emergency with effect from Friday midnight, the presidential media division said, the second time in just over a month amidst growing countrywide anti-government protests over the unprecedented economic crisis. The state of emergency gives the police and the security forces sweeping power to arbitrarily […]
  • Sri Lankan President calls for political consensus to deal with economic crisis

    Colombo: Sri Lanka President Gotabaya Rajapaksa has reiterated his call for a political consensus to deal with the challenges faced by the country, local media reported. In a message to mark the International Worker’s Day, President Rajapaksa said, “Bearing the responsibility of creating a better future for the people of this country, as the Head […]
  • Opinion: A chance to reinvent international bailouts

    By Sayantan Ghosal, Dania Thomas Sri Lanka recorded the first casualties from its spiralling economic crisis several days ago, with one protester dead and 24 more injured. This was from police firing gunshots into a crowd who were demanding the removal of a government they hold responsible for the country’s predicament. At present: • Citizens […]
  • Sri Lanka’s new Finance Minister resigns in less than 24 hrs

    Colombo: Sri Lanka’s newly-appointed Finance Minister Ali Sabry resigned on Tuesday, less than 24 hours after his appointment. Sabry said he had accepted the portfolio only as an interim measure, reports Xinhua news agency. He said he was also willing to step down from his parliamentary seat if the President wished to appoint a suitable […]
  • India extends Credit, fuel, food to bail Sri Lanka out of economic crisis 

    New Delhi/Columbo: Sri Lanka is reeling under a deep economic crisis as the country’s foreign reserves have been depleted and the Rajapaksa government is struggling to pay for the import of fuel. As a result, there is an acute power shortage in the country and violent protests are being reported. The government has declared an […]
  • Cuba on the boil

    Tourism, one of the most important sectors, has been devastated by the restrictions on travel during the Covid pandemic.
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