Sri Lanka Must Tighten Policy, Raise Tax To Address Its Debt Trouble, Says IMF: Report

IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a senior International Monetary Fund (IMF) official said on Tuesday. The country of 22 million people has requested loans from the IMF as […]

World Bank Ready To Provide Emergency Economic Aid To Sri Lanka: Report

Sri Lanka is on the brink of bankruptcy. Colombo/Washington: The World Bank is ready to provide emergency support to Sri Lanka and protect the vulnerable people amidst the unprecedented economic crisis in the country, a media report on Wednesday quoted a senior official of the global lender as saying. Sri Lanka, which is on the […]

Nirmala Sitharaman Assures Sri Lanka Of All Possible Cooperation And Assistance

Nirmala Sitharaman assures Sri Lanka of all possible cooperation and assistance Finance Minister Nirmala Sitharaman met her Sri Lankan counterpart Ali Sabry on the sidelines of the Spring Meetings of the International Monetary Fund (IMF) and World Bank on Monday and discussed the current economic situation and its approach to addressing the prevailing challenges in […]

Crisis-Hit Sri Lanka Begins Fuel Rationing For Vehicles

Crisis-stricken Sri Lanka has begun fuel rationing for vehicles Colombo: Sri Lanka’s state-owned petroleum corporation announced fuel rationing for vehicles with effect from Friday, as a historic economic crisis roils the country. According to the Ceylon Petroleum Corporation (CPC) statement, now motorcycles and other two-wheelers can purchase fuel upto worth Rs 1,000 per visit to […]

Sri Lanka Central Bank Hikes Interest Rates By 7% To Tackle Spiraling Inflation

Sri Lanka hikes interest rates to tackle inflation amid economic crisis Colombo: Sri Lanka’s central bank has decided to hike interest rates by an unprecedented 700 basis points to tame high inflation amid the worst economic crisis that has led to protests across the country and put President Gotabaya Rajapaksa under mounting pressure to resign. […]

Bengaluru Pitch Used For 2nd India vs Sri Lanka Test Rated As “Below Average” | Cricket News

File photo of the M Chinnaswamy Stadium in Bengaluru© BCCI The pitch at the M Chinnaswamy Stadium in Bengaluru, which was used for the 2nd Test match between India and Sri Lanka, has been rated “below average” by match referee Javagal Srinath, the International Cricket Council (ICC) informed through a press release. The venue has […]

Asia Cup 2022 To Be Held In Sri Lanka From August 27, Will Be In T20 Format | Cricket News

The 2022 Asia Cup will be held in Sri Lanka later this year and will be played in T20 format.© AFP The 2022 Asia Cup will be held in Sri Lanka later this year between August 27 and September 11. The tournament will be played in T20 format while the qualifiers for the same will […]

Sri Lanka Captain Dimuth Karunaratne’s Amazing Reaction To Chinnaswamy Crowd Cheering For Him Video | Cricket News

2nd Test: Dimuth Karunaratne celebrates his ton on Day 3.© AFP Sri Lanka skipper Dimuth Karunaratne fought a lone battle as the visitors suffered a crushing 238-run defeat to India, and also conceded the two-match series at the M Chinnaswamy Stadium in Bengaluru. It was a dominating outing for Team India as they maintained their […]

“There Was Always A Risk…”: Ex-Pakistan Captain Salman Butt On India’s Performance In 2nd Test vs Sri Lanka | Cricket News

Former Pakistan skipper Salman Butt praised India’s performance in the 2nd Test.© BCCI Former Pakistan skipper Salman Butt hailed Team India’s performance in the recently-concluded Test series against Sri Lanka. India thrashed Sri Lanka by 238 runs in the day-night Test in Bengaluru, taking the two-match series 2-0. It was an all-round performance from the […]

India vs Sri Lanka: Sunil Gavaskar’s “Could Be The Next Big Thing” Prediction For India Cricketer After Test Series Win | Cricket News

IND vs SL: Shreyas Iyer scored half-centuries in each innings of the second Test.© Instagram The Test matches against Sri Lanka at home gave India exactly what the doctor had ordered in terms of confidence and stability after enduring a tough 2-1 Test series loss against South Africa earlier in the year. Under the leadership […]

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