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Sri Lanka caught in a 'strategic debt trap', faces worst economic crisis

-ANI/ Business Standard Sri Lanka, a flourishing island nation of 22 million, has finally fallen to China's debt-trap diplomacy. As Sri Lanka faces its worst economic crisis in decades and struggles to pay loans, China turns a blind eye after ensnaring the island nation into a debt trap. Sri Lanka is now facing the worst economic crisis since gaining independence in 1948. The recession is attributed to foreign exchange shortages caused by the...

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

-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...

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Russia’s war in Ukraine is crushing Sri Lanka’s $81 billion economy -Anusha Ondaatjie

-ThePrint.in Hit by soaring oil import costs and a dip in tourism revenue, Sri Lanka is racing to avert a default amid dwindling forex holdings. Colombo: Russia’s war in Ukraine, which has caused a humanitarian crisis and convulsed global financial markets, is now threatening to crush an $81 billion economy more than 4,000 miles away in the Indian Ocean. Hit by soaring oil import costs and a dip in tourism revenue, Sri Lanka...

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In search of hope and care: Medical tourism or forced migration?

-Down to Earth The arduous journeys of those who migrate for medical treatment in India Marta kya na karta (One can do anything when pushed to the wall),” says 40-year-old Rita Kumari from Supaul district of north Bihar. At a time when the COVID-19 pandemic was tightening its grip across the country Rita and her daughter, Sandhya, had to undertake multiple trips to hospitals in Nepal and Uttar Pradesh, before reaching the All...

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Reviving the ‘Kerala Model’ of development -Shashi Tharoor and Vinod Thomas

-The Hindu Its lustre is fading as there are threats from emerging social and environmental risks, but the question is how Kerala has long been recognised to have done many things right. For years the darling of development experts, non-governmental organisations and social activists, the ‘Kerala Model’ seemed to show that impressive levels of human development indicators — in health, education and quality of life, comparable even to some rich countries —...

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