-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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Knee-Deep in Debt, Food Shortages, Depleting Foreign Reserves: How Did Sri Lanka Get Here?
-TheWire.in A Foreign Exchange crunch in Sri Lanka has led to a shortage of essential goods and power cuts that last up to 13 hours a day. New Delhi: Sri Lanka is grappling with the worst economic crisis in decades, which has spiked the prices of essential commodities like rice, milk powder, cooking gas and fuel. For instance, one kilogram of basmati rice currently costs between Rs 300-800 as compared to around Rs...
More »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...
More »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...
More »India’s natural, organic farming strategy for rice and wheat -K Nagaiah, G Srimannarayana, and Phaniraj G
-Down to Earth This can help in targeting global export market, thereby feeding the world population and getting valuable Foreign Exchange for the country India is predominantly agrarian — 80 per cent of the population is directly or indirectly dependent on agriculture. Rice and wheat are the staple for 90 per cent of the country’s people. Till the early 1960’s, the predominant mode of cultivation was what is now called “organic farming”, with...
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