Tag: Sri Lanka

Russia and Sri Lanka to use the Indian rupee for International Trade
Asia, National

Russia and Sri Lanka to use the Indian rupee for International Trade

Crisis-hit Sri Lanka and Russia will be the first countries to use the Indian rupee trade settlement mechanism. This allows countries to use Indian rupees instead of dollars and other major currencies for International transactions. The Reserve Bank of India (RBI) has approved banks to open 5 special rupee trading accounts, called Vostro accounts, for […]

Analyzing India-China Stance on the Sri Lankan Crisis
Analysis, Asia, Featured, World

Analyzing India-China Stance on the Sri Lankan Crisis

This strategy of China has led countries like Pakistan and Sri Lanka to become subjects of neo-colonialism, where the sovereignty of the state gets challenged. For the past few years, under the banner of the ‘Neighborhood First’ Policy, India has been helping Sri Lanka at different levels. Despite Sri Lanka often tilting towards China, India’s […]

The Sri Lankan Fiasco – Economic Crisis leading to a Political Crisis: An Early Warning or Alarming Call in South Asia?
Analysis, Asia, Featured, World

The Sri Lankan Fiasco – Economic Crisis leading to a Political Crisis: An Early Warning or Alarming Call in South Asia?

Protestors opposed the Gotabaya government with the slogan ‘Gota Go Home’ in response to Sri Lankan President Gotabaya Rajapaksa’s mismanagement, corruption, nepotism, and bad governance. Relations between India and Sri Lanka deteriorated under Mahinda Rajapaksa’s administration while the President utilised Chinese funding to gain local legitimacy and strengthen his hold on power. Keeping with India’s […]

Sri Lanka | Economic Migration during the Crisis & Impact on India
Analysis, Asia, Featured

Sri Lanka | Economic Migration during the Crisis & Impact on India

“Migration expresses the human aspiration for dignity, safety and a better future. It is a part of the social fabric and our very make-up as a human family.” – Ban Ki-moon Moving to another territorial entity from one’s homeland is often viewed positively. Nonetheless, given the current world order, lessons and impact cannot be understood […]

Chinese ‘Spy Ship’ at  Hambantota – A Security Nightmare for India & South Asia
Analysis, Asia, Big Block of 4, Defence & Security, Featured

Chinese ‘Spy Ship’ at  Hambantota – A Security Nightmare for India & South Asia

China docked its ‘spy ship’ in the Hambantota port in Sri Lanka for several days. Despite India’s reluctance and insistence against this decision, Sri Lanka allowed the ship to be docked, buckling down under Chinese pressure. This move has several tactical and strategic consequences on the South Asian region and especially on India’s influence in the […]

Sri Lanka’s “One Country, One Law” Explained
Asia

Sri Lanka’s “One Country, One Law” Explained

Sri Lankan President Gotabhaya Rajapakse has appointed a 14-member “One Country, One Law” task force headed by Bodu Bala Sena leader Gnanasara. In an October gazette, the President declared that as “no citizen should be discriminated against in the eyes of the law” he was establishing a task force “to study the concept of a […]

Sri Lankan President declares an economic emergency to contain soaring inflation
Asia, Featured, World

Sri Lankan President declares an economic emergency to contain soaring inflation

On Tuesday 2nd September, Sri Lankan President Gotabaya Rajapaksa declared an economic emergency to contain soaring inflation. The move came after a spike in food price which was caused by the steep fall in the value of the country’s currency. The emergency came into effect at midnight on Tuesday. The emergency was declared following sharp […]