The debt servicing suspension will be in force for an interim period pending an orderly and consensual restructuring consistent with the proposed arrangement with the IMF.
Sri Lanka has taken loans from China, at lending rates in the range of 3-6 per cent against the 1-3 per cent offered by the World Bank and International Monetary Fund (IMF).
Former Sri Lankan Prime Minister "I think India has helped to the maximum. We will have to see, and they are still helping in non-financial ways. So, we have to be thankful to them," said Ranil Wickremesinghe in Colombo.
Police personnel, including the marine sleuths, found the Lankan Tamils after getting information about refugees arriving late Saturday night in the Arisalmunai area off Dhanushkodi. The police later took the refugees to the Mandapam Camp.
The govt has been forced to restrict the import of several essential commodities - including food items which has pushed the price of essentials such as milk powder and rice much higher.
“The govt must pay heed to public demand for Rajapaksas to quit, if not we'll bring a no-confidence motion," the leader of Samagi Jana Balawegaya told Parliament.
External Affairs Ministry Spokesperson Arindam Bagchi said India has been keenly following the evolving economic situation and other developments in Sri Lanka.
A foreign exchange crunch in Sri Lanka has led to a shortage of essential goods such as fuel and cooking gas. Power cuts that last up to 13 hours a day.
President Rajapaksa had appointed Sabry after sacking his brother Basil Rajapaksa, who was at the center of anger within the ruling Sri Lanka Podujana Peramuna (SLPP) coalition. In a letter to the President, Sabri said that he took up the job as part of a temporary measure.
In a lengthy post, Jacqueline Fernandez urged all to stop passing judgements and support Sri Lanka. The country has for days been facing public protests calling for immediate measures to be taken by the government to solve the economic crisis, hours-long power cuts and shortages in fuel and other essential supplies.
Sri Lanka is grappling with what is said to be its worst economic crisis since independence from the UK in 1948. It is caused in part by a lack of foreign currency, which is used to pay for fuel imports. People are languishing in long queues for fuel, cooking gas and endure power cuts lasting multiple hours.
The political experts said the ministers who resigned came under intense pressure from the public over the government's alleged "mishandling" of the economic crisis, triggered by the shortage in the foreign exchange reserve.
Internet users were unable to access Facebook, Twitter, YouTube, WhatsApp, and other social media platforms on Sunday in the economic crisis-hit nation. The ban has been lifted after 15 hours
To prevent unrest in the country, the Sri Lankan government has announced to impose a curfew from Saturday at 6 p.m. to Monday at 6 a.m.
As the shipment arrived, the Ceylon Electricity Board announced that 13-hour power cuts would now be reduced to nearly 2 hours from Sunday.
On Friday, President Gotabaya Rajapaksa issued the Extraordinary Gazette declaring a state of public emergency in Sri Lanka with immediate effect.
Sri Lankan president Gotabaya Rajapaksa issued a special gazette notification declaring a public emergency in Sri Lanka with effect from April 1
President Gotabaya Rajapaksa has declared a nationwide public emergency amidst a spate of protests, including outside his house, over the worst economic crisis in the island nation.
Sri Lanka is witnessing at least 10-hour daily power cuts. Sri Lanka's currency has been also devalued by almost SLR 90 against the US dollar since March 8.
A foreign exchange crunch in Sri Lanka has led to a shortage of essential goods such as fuel. cooking gas, and power cuts that last up to 13 hours a day.
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