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India’s ‘Neighborhood First Policy’ Benefits Sri Lanka a Lot in its Tough Time

April 7, 2022 Vinayak Barot

Vinayak Barot New Delhi: In the last few days, The people of Sri Lanka – including cricketers and political leaders – have believed that India is the only country that can help the island country come out of its financial crisis. India has provided fuel, food, and essential things to Sri Lanka in huge amounts […]

Business

Japan Provides Rs 880 Million Grant to Strengthen Export Certification in Sri Lanka

April 6, 2022 Vinayak Barot

New Delhi: The Government of Japan has agreed to provide a Japanese Yen 500 million grant to the Government of Sri Lanka under the Japanese non-project grant aid scheme for the provision of equipment to strengthen the diagnostic techniques and phytosanitary inspection services to the facilitation of export certification in the country. The National Plant Quarantine […]

Business

Sri Lanka: Trading in the stock market halted for half an hour

April 4, 2022 Vinayak Barot

New Delhi: Authorities on Monday halted trading on Sri Lanka’s stock exchange after the share market plunged 5.9 percent, says a media report. The debt-laden country is struggling to pay for imports of fuel and other essentials due to a severe shortage of foreign currency, leading to hours-long power cuts and widespread demonstrations that continued despite […]

English

Financial Crises in Sri Lanka: Illegal migration from Island country to India may surge

March 25, 2022 Vinayak Barot

New Delhi: The local people from Sri Lanka may choose illegal ways also enter India as their own country has facing financial crises. A few days back, On March 22 Tuesday, a family of six Sri Lankan Tamils, including four children were found by the Indian Coast Guard near Fourth Island, Rameswaram, and were handed over […]

Sri Lanka’s newly appointed Prime Minister Rajapaksa addresses the gathering during the ceremony to assume his duties as the Minister of Finance and Economic Affairs at the Finance Ministry in Colombo

English

Sri Lanka to receive $6 mn from India for Maritime Rescue Coordination Centre

March 24, 2022 Vinayak Barot

New Delhi: The Colombo government will receive six million USD from India for Maritime Rescue Coordination Centre. The Cabinet of Ministers has given the green light to establish a Maritime Rescue Coordination Centre in Sri Lanka with a grant of $6 million from India. “India has agreed to provide the required financial assistance for this Maritime […]

Cricket: India to play fourth pink-ball test match at Bengaluru

March 11, 2022 Vinayak Barot

Mumbai: The second Test between India and Sri Lanka, a pink ball game starting on Saturday, could witness a full house after the Karnataka State Cricket Association on Thursday allowed 100 percent crowd attendance for the match owing to a sharp decline in COVID-19 cases and high demand for tickets. Virat Kohli is the only […]

English

India Helped Sri Lanka to Ease Crisis by Sending 40K Metric Tons Oil

February 16, 2022 Vinayak Barot

New Delhi: India on Tuesday delivered 40,000 metric tonnes of fuel to Sri Lanka to help ease the energy crisis faced by the island nation. A statement issued by the Indian High Commission said that “India a committed partner and a true friend of Sri Lanka. The High Commissioner (Gopal Baglay) handed over 40,000 MT fuel […]

English

Sri Lanka to host BIMSTEC summit on March 30

February 2, 2022 Vinayak Barot

New Delhi: Prime Minister Narendra Modi may attend the BIMSTEC Summit going to host by Sri Lanka on March 30. Sri Lanka is keen to host an in-person summit, but it could also happen in a hybrid format. The group will also work towards the finalization of the BIMSTEC Coastal Shipping Agreement and the Motor […]

English

Financial Crisis in Sri Lanka, India Helping Island nation by providing millions of dollars

January 20, 2022 Vinayak Barot

_Vinayak Barot New Delhi: The Government of India has come forward to revive the economy of the island nation Sri Lanka – which is on the ventilator for the last few months as financial burdens are increasing. The Government of India is doing its best to revive the economy of the island nation Sri Lanka. […]

English

Sri Lanka Turns Toward India, Invites Indian Investments in the Country

January 18, 2022 Vinayak Barot

_Vinayak Barot New Delhi: The unbearable financial burden of China on Sri Lanka – damaged its economy in the last few years. After facing problems in repayment of loans to China – the Colombo government turned toward India and invited the Indian investment in the island country. Sri Lankan Finance Minister Basil Rajapaksa held talks […]