Sri Lanka Political Crisis News
Sri Lankan Crisis: What can we learn? | Mint Primer
Sri Lanka became the first Asian country in 20 years to default on foreign debt, it is in the midst of a serious and unprecedented economic crisis, with runaway inflation, unsustainable debt and a hamstrung tourism sector, Sri Lanka’s economy is facing its worst crisis in over 70 years
27 Aug 2022Sri Lanka’s sacked PM Ranil Wickremesinghe wins confidence vote
Ranil Wickremesinghe received 117 votes in favour in the 225-member legislative body
2 min read12 Dec 2018Fitch, S&P downgrade Sri Lanka as political crisis dents confidence
Fitch and S&P cut their ratings by one notch to B from B+, following Moody’s, which downgraded the island nation on November 20
2 min read4 Dec 2018Brawl in parliament shows Sri Lanka descending into chaos
The political turmoil has also roiled Sri Lanka’s bonds and currency, which were already dropping to fresh lows. The island nation’s rupee fell to a new low of 176.80 per dollar today
3 min read15 Nov 2018Sri Lanka parliament sacks Rajapakse
The island nation has been in crisis since the president sacked prime minister Ranil Wickremesinghe on October 26 and replaced him with Rajapakse
2 min read14 Nov 2018Sri Lanka political crisis: India maintains a hands off approach
Analysts agree that New Delhi’s wait and watch mode seems a sensible one though they differ on why it is prudent for India to be circumspect in the face of strong reactions from the US and the European Union
3 min read11 Nov 2018Sri Lankan political turmoil linked to India-China investment rivalry
Tension had been building between Sirisena and Wickremesinghe even before clash over the Colombo port project
3 min read8 Nov 2018India frets over China after Sri Lanka political crisis
China has deep pockets that it could use to ensure that smaller nationsincluding Sri Lanka, Nepal, Maldives and Bhutanpay less attention to India, say analysts
2 min read29 Oct 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared