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Gautam Adani Meets Lankan President, Port Project, Green Hydrogen Plant Discussed
Billionaire Gautam Adani on Friday proposed to set up a green hydrogen plant in Sri Lanka, where his conglomerate is already developing a container terminal and a 500 MW wind project.
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IMF Approves $3 Billion Bailout For Debt-Ridden Sri Lanka
The IMF has approved a $3 billion bailout programme to help debt-ridden Sri Lanka overcome its economic crisis and catalyse financial support from other development partners, a move welcomed by Colombo on Tuesday as a "historic milestone".
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Sri Lanka Approves Adani Group Investment Worth $442 Million
The wind power plant in Mannar will operate at a capacity of 250 MW (megawatt) while the wind power plant in Pooneryn will operate at a capacity of 100 MW.
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S Jaishankar Arrives In Maldives, To Witness Impact Of Developmental Assistance
S Jaishankar is on a three-day visit to the Maldives and Sri Lanka beginning to further expand bilateral engagement with the two key maritime neighbours of India.
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No Point In Economic Reforms When We Don't Have An Economy: Sri Lankan President
"What is the plan for reform? Frankly, I have no plan for it. What reforms when we don't have an economy," the Daily Lanka Mirror newspaper quoted Ranil Wickremesinghe as saying.
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Sri Lanka's IMF Bailout Deal Could Be A Turning Point, Now It Courts China And India
Sri Lanka's International Monetary Fund bailout plan could be a turning point in its worst economic crisis.
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Sheikh Hasina Says Bangladesh Will Not Face Sri Lanka-Type Crisis. Here's Why
Dismissing concerns that Bangladesh could go the Sri Lanka way, Prime Minister Sheikh Hasina said that despite the Covid-19 onslaught and the conflict in Ukraine, her country's economy continued to be in robust shape and that her regime exercised a h
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Poorly-Directed Freebies May Have Adverse Economic Impact. Sri Lanka Best Example: Experts
Poorly-directed freebies may wreak havoc with state finances and have adverse consequences on the economy, as in the case of Sri Lanka, experts say
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Sri Lanka Bans Import Of 300 Consumer Goods' Items To Stabilise Economy
Sri Lanka has slapped a ban on the import of 300 consumer items like chocolates, perfumes and shampoos as part of the cash-strapped island nation's bid to tackle its worst economic crisis triggered by the shortage of foreign exchange.
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Sri Lanka Considering Sovereign And Local Debt Restructure: President
Sri Lanka is considering a restructure of local and sovereign debt, President Ranil Wickremesinghe said on Friday, as the island nation battles its worst financial crisis in its independent history.
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"We Are Not Creating Jobs Even With The Growth We Have": Raghuram Rajan To NDTV
Former RBI Governor Raghuram Rajan today said that that even though India has higher growth than many economies in the world, it is not enough.
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"Silly" To Compare Sri Lanka's Economic Crisis With India: Former NITI Aayog Vice-Chairman
Former NITI Aayog Vice-Chairman Arvind Panagariya on Sunday said it would be 'silly' to compare the economic situation of Sri Lanka with India.
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World Bank Says "No New Plan To Offer New Financing To Sri Lanka Until..."
The World Bank has no plan to offer new financing to Sri Lanka until an adequate macroeconomic policy framework is in place in the island country, which is facing its worst crisis.
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No Recession Risk For India, Probability High For Key Economies: Report
According to surveys, Asia faces 20-25 per cent of witnessing a recession while Sri Lanka is almost on the brink of getting into a crisis with an 85 per cent probability of slipping into recession.
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These Countries At Risk Of A Deep Economic Crisis
A rampant dollar at a two-decade high crushing most currencies' buying power in international markets, fears of an economic downturn and burned foreign exchange reserves point to a record number of developing nations now in dire straits.
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Gautam Adani Meets Lankan President, Port Project, Green Hydrogen Plant Discussed
Billionaire Gautam Adani on Friday proposed to set up a green hydrogen plant in Sri Lanka, where his conglomerate is already developing a container terminal and a 500 MW wind project.
-
IMF Approves $3 Billion Bailout For Debt-Ridden Sri Lanka
The IMF has approved a $3 billion bailout programme to help debt-ridden Sri Lanka overcome its economic crisis and catalyse financial support from other development partners, a move welcomed by Colombo on Tuesday as a "historic milestone".
-
Sri Lanka Approves Adani Group Investment Worth $442 Million
The wind power plant in Mannar will operate at a capacity of 250 MW (megawatt) while the wind power plant in Pooneryn will operate at a capacity of 100 MW.
-
S Jaishankar Arrives In Maldives, To Witness Impact Of Developmental Assistance
S Jaishankar is on a three-day visit to the Maldives and Sri Lanka beginning to further expand bilateral engagement with the two key maritime neighbours of India.
-
No Point In Economic Reforms When We Don't Have An Economy: Sri Lankan President
"What is the plan for reform? Frankly, I have no plan for it. What reforms when we don't have an economy," the Daily Lanka Mirror newspaper quoted Ranil Wickremesinghe as saying.
-
Sri Lanka's IMF Bailout Deal Could Be A Turning Point, Now It Courts China And India
Sri Lanka's International Monetary Fund bailout plan could be a turning point in its worst economic crisis.
-
Sheikh Hasina Says Bangladesh Will Not Face Sri Lanka-Type Crisis. Here's Why
Dismissing concerns that Bangladesh could go the Sri Lanka way, Prime Minister Sheikh Hasina said that despite the Covid-19 onslaught and the conflict in Ukraine, her country's economy continued to be in robust shape and that her regime exercised a h
-
Poorly-Directed Freebies May Have Adverse Economic Impact. Sri Lanka Best Example: Experts
Poorly-directed freebies may wreak havoc with state finances and have adverse consequences on the economy, as in the case of Sri Lanka, experts say
-
Sri Lanka Bans Import Of 300 Consumer Goods' Items To Stabilise Economy
Sri Lanka has slapped a ban on the import of 300 consumer items like chocolates, perfumes and shampoos as part of the cash-strapped island nation's bid to tackle its worst economic crisis triggered by the shortage of foreign exchange.
-
Sri Lanka Considering Sovereign And Local Debt Restructure: President
Sri Lanka is considering a restructure of local and sovereign debt, President Ranil Wickremesinghe said on Friday, as the island nation battles its worst financial crisis in its independent history.
-
"We Are Not Creating Jobs Even With The Growth We Have": Raghuram Rajan To NDTV
Former RBI Governor Raghuram Rajan today said that that even though India has higher growth than many economies in the world, it is not enough.
-
"Silly" To Compare Sri Lanka's Economic Crisis With India: Former NITI Aayog Vice-Chairman
Former NITI Aayog Vice-Chairman Arvind Panagariya on Sunday said it would be 'silly' to compare the economic situation of Sri Lanka with India.
-
World Bank Says "No New Plan To Offer New Financing To Sri Lanka Until..."
The World Bank has no plan to offer new financing to Sri Lanka until an adequate macroeconomic policy framework is in place in the island country, which is facing its worst crisis.
-
No Recession Risk For India, Probability High For Key Economies: Report
According to surveys, Asia faces 20-25 per cent of witnessing a recession while Sri Lanka is almost on the brink of getting into a crisis with an 85 per cent probability of slipping into recession.
-
These Countries At Risk Of A Deep Economic Crisis
A rampant dollar at a two-decade high crushing most currencies' buying power in international markets, fears of an economic downturn and burned foreign exchange reserves point to a record number of developing nations now in dire straits.
