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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...

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Get these wrinkles out of the South Asian textile story -Syed Munir Khasru

-The Hindu Ensuring government support for financial incentives, upgrading technologies and reskilling labour are key challenges South Asia became a major player in the global textiles and clothing market with the onset of the third wave of global production. Bangladesh joined the league in the 1980s, owing to the outbreak of the civil war in Sri Lanka. Supportive industrial policy was an instrumental factor in the 1990s, with zero duty on raw...

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'Silent Majority' Supported the Three Farm Laws: SC-Appointed Committee Report

-TheWire.in (with PTI inputs) Anil Ghanwant, one of the three members of the committee, made the report public on Monday. Mumbai: Barely four months after Prime Minister Narendra Modi announced the repeal of the three farm laws which fanned protests across numerous sites in India, and only a few days after the Uttar Pradesh legislative assembly results, the report of the Supreme Court-appointed committee on farm laws has been released in the...

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Milletary Rule -Prasun Chaudhuri

-The Telegraph The story of a reversal that may yet rescue Indians from being hungry and undernourished I first tasted kodo, a coarse foodgrain, when I was barely seven. It was at the home of our Adivasi domestic help in Piska, a roadside railway station near Lohardaga in what was then southern Bihar. The porridge she cooked with kodo, jaggery and a bit of salt tasted much better than the gruel I...

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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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