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Sri Lanka crisis: India starts supplying rice to Sri Lanka amid ongoing crisis

By Lokmat English Desk | Updated: April 2, 2022 11:41 IST

According to reports, India has started supplying 40,000 tonnes of rice to Sri Lanka. However, Sri Lanka's President Gotabaya Rajapaksa ...

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According to reports, India has started supplying 40,000 tonnes of rice to Sri Lanka. However, Sri Lanka's President Gotabaya Rajapaksa has declared a state of emergency in the country giving the security forces wide authority to arrest and detain suspects with immediate effect.

For unreserved Sri Lanka is presently facing a foreign exchange shortage which has led to a fuel, power, and gas shortage, and has sought the assistance of friendly countries for economic assistance. Sri Lanka is witnessing at least 10-hour daily power cuts. Sri Lanka's currency has been also devalued by almost SLR 90 against the US dollar since March 8. Sri Lanka's economy has been in a free fall since the COVID-19 pandemic due to the crash of the tourism sector.

Tags: Sri Lanka crisis
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