The economic crisis in Sri Lanka is having a serious impact on the normal life of the people. People are not even able to buy essential food items. People are also paying 3 times for things like rice, sugar and pulses. Politics is heating up amidst the economic crisis in Sri Lanka. Sri Lanka’s largest opposition party Samagi Jana Balvegaya (SJB) has said it will move a no-confidence motion against the government. With this, President Gotabaya is ready to impeach Rajapaksa.

People demonstrated against the government in the capital Colombo

Due to the economic crisis, inflation in the country has reached a record level. Sri Lanka’s central bank doubled its interest rates on Friday. The country is also short of money to pay for imports. Leader of the Opposition Sajith Premadasa has demanded the removal of the caretaker president and the resignation of the entire Rajapaksa family. A large number of people rallied in the capital Colombo to protest against President Gotabaya. According to media reports, Sri Lanka has to pay 3 rupees for things like rice, sugar and pulses. India’s High Commissioner to Sri Lanka Gopal Baglay hosted an iftar in Colombo on Friday.

Sri Lanka’s finance minister re-elected

Ali Sabri has once again taken over as the Finance Minister of Sri Lanka. Earlier he had resigned within 24 hours of his appointment. No one else came forward to hold the post, so he decided to continue as Finance Minister. India’s High Commissioner to Sri Lanka Gopal Baglay says that India will continue to extend the hand of friendship towards Sri Lanka. The relationship between the two countries is very special.

Sri Lanka in financial burden

Sri Lanka has been battling an economic crisis for the past one month. The rupee is devaluing rapidly in Sri Lanka and the country has a debt burden of ₹51 billion. The Gotabaya government declared a state of emergency in the country on 1 April. This was followed by massive protests. The entire Rajapaksa cabinet resigned on the night of 3 April amid the Emergency. On 5 April, Sri Lanka temporarily closed its embassies in Norway, Iraq and Australia. President Gotabaya Rajapaksa ended the state of emergency at midnight on 5 April.