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LATEST NEWS UPDATES | Lankans Flee To India Amid Country's Worst Economic Meltdown: 10 Points - Akhil Kumar

Lankans Flee To India Amid Country's Worst Economic Meltdown: 10 Points - Akhil Kumar

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published Published on Mar 23, 2022   modified Modified on Mar 24, 2022

-NDTV.com

Three elderly people have died waiting in queues to secure fuel since Saturday, police have said.

New Delhi: As Sri Lanka faces its worst-ever economic crisis, with electricity blackouts and shortage of essential goods leading to massive protests, its nationals have started seeking refuge in India.

Here's your 10-point cheatsheet to this big story:

* The Indian Coast Guard on Tuesday apprehended six Sri Lankan nationals including three children, all residents of Jaffna and Kokupadaiyan in the northern region of the island nation, who were reportedly fleeing unemployment and food shortage. They were rescued from an island near Rameshwaram in Tamil Nadu.

* Sri Lanka ordered troops to petrol stations on Tuesday as sporadic protests erupted among the thousands of motorists queueing up daily for scarce fuel, news agency AFP reported.

* Three elderly people have died waiting in queues to secure fuel since Saturday, police have said. Petroleum prices have skyrocketed amid the country's foreign exchange crisis, causing inflation and a shortage of essential supplies. 

* In a move that will adversely affect students, the island nation has cancelled all exams indefinitely due to an acute shortage of papers.

* Sri Lanka's financial crisis stems from a critical shortfall of foreign currency, leaving traders unable to finance imports. The country's tourism sector, the primary source of foreign exchange, dried up during the Covid pandemic and reckless borrowing from China to finance infrastructure projects has caused its debts to spiral.

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NDTV.com, 23 March, 2022, https://www.ndtv.com/world-news/sri-lanka-economic-crisis-explained-sri-lankan-refugees-flee-to-india-as-country-faces-economic-meltdown-10-points-2837843?fbclid=IwAR0Xp5mTG6y6ihoyiZhoHyBJHT5oBdGDYaP8-xQELIL1BTWFTKpHORTS3Io


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