Page 59 - Sri Lanka

Sri Lanka awaits India's nod for new credit line of fuel supplies

Sri Lanka is awaiting official confirmation from India on a new credit line that would allow the cash-strapped nation to have supplies of petrol and diesel for the next four months

Sri Lanka's economic activity grinds to a halt as fuel supplies run dry

Amidst fuel crisis in Sri Lanka, the government declared Friday a holiday for public offices and schools to curtail vehicular movement, leaving many roads in and around the capital Colombo deserted

Spiraling food crisis looms as Sri Lankan farmers abandon fields

Fears of a hunger crisis are rising in Sri Lanka, a teardrop-shaped island south of India. Shortages of items like flour and milk powder are widespread

Sri Lanka in talks to amend terms of $1.5-billion China deal: Report

Meanwhile, the United States on Thursday announced that it will provide $6 million in emergency assistance to Sri Lanka

Protest held in Sri Lankan capital against proposed wind project by Adani

The 500 MW wind mill project caused much storm after last week's parliamentary oversight committee proceedings

Sri Lanka import 50,000 Mt rice under Indian credit line: Wickremesinghe

Crisis-hit Sri Lanka has decided to import 50,000 metric tonnes of rice under the Indian credit line to curb an abnormal rise in rice prices, Prime Minister Ranil Wickremesinghe said on Thursday

Sri Lanka engaging China to amend terms of $1.5 bn currency swap deal

Sri Lanka is discussing with China to amend terms and conditions of $1.5 bn currency swap deal so that it can be used for imports amidst an unprecedented economic crisis in this island nation

Adani Enterprises wind power project caught in Lankan political crossfire

The controversy over the Adani investment in the neighbouring nation stems from domestic power politics in which a bureaucrat has become collateral damage

Top Headlines: Hurdles in recruitment plan, India Inc's capital expenditure

Business Standard brings you the top headlines at this hour

Sri Lankan Cabinet approves new measures to facilitate economic recovery

Sri Lanka's government has approved several measures, including imposing a 2.5 per cent social contribution tax on companies and declaring Fridays as holidays, to facilitate the economic recovery

Blinken assures Sri Lanka of support after IMF negotiations conclude

US Secretary of State Antony Blinken has assured crisis-hit Sri Lanka of support to promote American investments in the country after the completion of IMF negotiations

Blinken discusses economic, political challenges with Sri Lanka's PM

US Secretary of State Antony Blinken discussed the current economic and political challenges with Sri Lanka's Prime Minister Ranil Wickremesinghe

Lanka electricity chief quits after withdrawing remark on Adani Group deal

The resignation of MMC Ferdinando, the chairman of state-owned power entity Ceylon Electricity Board (CEB), has been accepted, energy minister Kanchana Wijesekara said on Monday.

Lankan PM open to buying Russian oil amid crushing economic crisis

PM Ranil Wickremesinghe also indicated he would be willing to accept more financial help from China, despite his country's mounting debt

Amid crisis, Sri Lanka set to introduce fuel ration scheme next month

The island nation has been experiencing long lines for fuel refilling since mid-February with pressure coming on the diesel supplies for thermal power generation

Sri Lanka open to buying Russian oil, says PM Ranil Wickremesinghe

Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed prime minister said

Live: Congress expels Haryana MLA for cross-voting in Rajya Sabha poll

Live news updates: The latest on India news, the coronavirus, the war in Ukraine and other headlines.

Top UN food programme official to visit Sri Lanka amid looming food crisis

The top official of the United Nations World Food Programme (WFP) is planning to visit Sri Lanka on the invitation of PM Ranil Wickremesinghe at a time when Lanka is fighting food shortage.

India extends Sri Lanka $55 mn credit line for fertiliser imports

The Indian government has decided to extend a Line of Credit (LOC) of $55 million to Sri Lanka for the procurement of Urea Fertiliser

India to provide $55 mn economic support to Lanka for procuring fertiliser

With Sri Lankan famers waiting for fertiliser to start the Yala season, India has decided to extend a Line of Credit (LOC) of $55 million to Sri Lanka for the procurement of urea.