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SRI LANKA REFORMS
Neighbours and world leaders hail PM Modi's milestonePrime Minister Malaysia Anwar Ibrahim extended his congratulations on the milestone and described it as a testament to Modi's years of dedi...
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
Shot of hike as painkiller: India’s economic storm calls for decisive MPC actionIndia's economy faces a perfect storm. The rupee is at historic lows, subsidies are soaring, and fiscal deficit risks are rising. Capital o...
Operation Octopus: Trapping the tentacles of India’s cyber fraud networkAmidst the alarming increase in cyber scams, the Hyderabad Police have initiated Operation Octopus, a mission aimed at dismantling the enti...
AIIB announces USD 10 bn fund facility to support countries hit by West Asia conflictSupplementing AIIB's regular financing instruments, the facility offers a time-bound financing envelope of up to USD 10 billion over two ye...
Observe and shock absorb: To ride out this oil crisis, focus should be on well-targeted support, not broad price suppressionIndia is navigating a critical oil import challenge. The government's approach of keeping fuel prices steady faces fiscal and equity questi...
For foreign workers in Mideast, risk from Iran war collides with economic strain at homeA missile strike in the Mideast killed Mohammad Abdullah Al Mamun, a Bangladeshi migrant worker, highlighting the perilous situation for mi...
India needs to reduce the strategic importance of fertilisers through a bold agricultural policyGlobal events like the West Asia conflict and El Nino threaten governments. Rising fertilizer prices create a fiscal and political crisis f...
Sri Lanka government no longer sells public enterprises, Attorney General clarifies in SCSri Lanka's government has halted the planned sale of key state enterprises. Sri Lankan Airlines, Sri Lanka Telecom, Sri Lanka Insurance, a...
Sri Lanka's economic recovery incomplete, urgent reforms needed, says World Bank"While Sri Lanka's recent economic progress is encouraging, the recovery is uneven and incomplete," said David Sislen, World Bank Division ...
Sri Lanka's painful austerity measures need to go on: IMFSri Lanka's new president, Anura Kumara Dissanayake, seeks to renegotiate parts of the $2.9 billion IMF bailout to lessen the burden on low...
Cash-strapped Sri Lanka's economy records positive growth for the first time since economic crisisSri Lanka had recorded a minus 8 per cent growth when it declared bankruptcy in April 2022. The country's economy continued to be in the ne...
Sri Lanka's debt restructuring likely to be complete by September: IMFThe IMF has expressed hope that Sri Lanka's debt restructuring process would be completed by September, which is also the time for the glob...
Sri Lanka to be first country in Asia to come under IMF's governance diagnostic exerciseThe IMF is conducting an in-depth governance diagnostic exercise, which will assess corruption and governance vulnerabilities in Sri Lanka ...
'No point in economic reforms when we don't have an economy: Sri Lankan President WickremesingheAddressing the inaugural session of the Sri Lanka Economic Summit 2022 on Monday, Wickremesinghe said the country's beleaguered economy can...
Sri Lanka holds crucial debt restructuring talks with creditorsSri Lanka held talks with the International Monetary Fund on October 16 on the release of a USD 2.9 billion rescue package by the Fund, the...
Sri Lankan PM Ranil Wickramasinghe sees huge potential in cooperation with China"Both Sri Lanka and China are deepening reforms, in the process of which we see huge potential for cooperation," Wickremesinghe said as he ...