Mangala Samaraweera wants dissolved parliament to be revived to legally sanction expenditure
Suja K.Menon, Head of the Economic and Commercial Wing in the Indian mission in Colombo, brought out the vast scope for cooperation
The Indian economy needs a stimulus package as much as an RBI ready to act like an asset rebuilder.
The pandemic has been the greatest challenge to mankind in recent times
April 18 (EconomyNext) - Singer (Sri Lanka) Plc, a consumer durables retailer has been downgraded to ‘BBB+(lka)’ from ‘A-(lka)’ by Fitch Ratings as curfews to halt the spread of Coronavirus hit sales. “The downgrade and Negative Outlook reflect the significant business interruption from the coronavirus pandemic and the likely implications of a downturn in discretionary consumer spending, which we expect...
Starvation and unexpected loss of income can have serious consequences.
Lockdown is not a panacea; the worker and the employer must be helped to tide over the crisis
New Delhi/Islamabad, April 13 (Reuters) - India and Pakistan are planning to partially open up some parts of the economy, officials in the two countries said on Monday, as the costs of harsh lockdowns to limit the outbreak of the coronavirus mount across the region. Indian officials said the number of coronavirus cases in the country increased to 9,152 on...
Nairobi, April 9 (Reuters) - The rapidly-spreading coronavirus outbreak is expected to push sub-Saharan Africa into recession in 2020 for the first time in 25 years, the World Bank said in a new forecast on Thursday. The bank’s Africa’s Pulse report said the region’s economy will contract 2.1% to 5.1% from growth of 2.4% last year, and that the coronavirus...
Once the borrowing limit is reached, there will be no legal authority under which public debt can be issued