Sri Lanka Economy

Will Indian Rupee replace Sri Lankan Rupee?

The subsititution has the potential to attract foreign investors who may show greater willingness to be paid in INR rather than the domestic currency LKR, which might be subject to losses on foreign exchange markets

Indian Oil Corporation unit in Sri Lanka steps up fuel supplies, will maintain separate stockpile for ambulances

Lanka IOC has asked all its petrol pumps to maintain a stockpile of 300 litres at all times for meeting the requirement of ambulances

Sri Lanka’s Opposition barking up the wrong tree by blaming presidential system for current mess

The chief Opposition party of the island nation has proposed a constitutional amendment to change its presidential system to a parliamentary system

Deepening crisis in Sri Lanka: An opportunity for India to displace China?

Why expecting goodwill towards India to lead to a dampening of relations between Sri Lanka and China would be unrealistic

Sri Lankan delegation set to meet IMF officials in Washington

The IMF has noted that the country faces mounting challenges, including public debt that has risen to unsustainable levels, low foreign currency reserves, and persistently large financing needs in the coming years

Is it safe to travel to Sri Lanka? The economic crisis and its fallout on tourism

A spiralling economic crisis and the declaration of an emergency has led countries like the United Kingdom, Australia and Canada to issue travel advisories, urging for caution. While India hasn't issued one yet, the number of flights have been reduced

Timeline | Sri Lanka’s economic crisis was in the making from November 2019

Sri Lanka is facing its worst economic crisis since 1948, when the country gained independence; there's no food, no fuel, no power, leaving people anguished and angry. Here's a short summary of errors that led to this mess

Sri Lankan police fire tear gas at university students during protest amid curfew

In Western Province, a total of 664 people were arrested for violating the curfew and trying to stage an anti-government rally

As Sri Lanka reels under economic crisis, a look at the country's ruling Rajapaksa clan

The family has held sway over the nation's politics for decades and returned to power after a brief hiatus in 2019 when Gotabaya Rajapaksa was elected president

Food shortage, 13-hour power cuts, and no paper: How Sri Lanka's economic crisis has worsened

The island nation is seeing severe shortages of essentials, sharp price rises and crippling power cuts in its most painful downturn since independence in 1948. On Thursday, it led to violent protests outside President Gotabaya Rajapaksa's house, demanding his resignation