Emergency in Sri Lanka: Army deployed in Colombo
On Friday, President Gotabaya Rajapaksa declared a state of emergency in Sri Lanka, citing the country’s deepening economic problems. This decision was made for the country’s security and to maintain the supply of essential services, according to the order. Following that, security has been beefed up across the country. Despite the army’s deployment, shops opened on Saturday in Colombo’s capital to allow people to purchase essential items.
On Saturday, an oil tanker dispatched by India to assist Sri Lanka in its fight against a fuel shortage arrived in Sri Lanka. By the evening, fuel distribution will have begun. After that, people who are suffering from the fuel crisis should be able to get some relief. In fact, India has provided Sri Lanka with a one-billion-dollar credit line. A ship carrying 40,000 tonnes of diesel has arrived in Sri Lanka as a result of this.
After a state of emergency is declared, the army has the authority to arrest suspects without a trial and hold them in custody for an extended period of time. Eleven parties supporting Rajapaksa’s government have called for the cabinet to be dissolved and an interim government to be formed. They claim that the current cabinet has failed to control rising inflation. Before we go any further, you can express your thoughts in the poll below…
45 people have been arrested for acts of violence.
Thousands of people protested and pelted stones at President Rajapaksa’s residence earlier on Thursday. The police used lathi-charge as a retaliation. During this violent altercation, ten people were injured, including at least five police officers. In connection with the violence, 45 people have been arrested.
Sri Lanka is in the midst of a financial crisis.
Fuel and gas are in short supply in the country. For petrol and diesel, people must wait in line for several hours. The educational board ran out of paper and ink, and the exams were postponed indefinitely as a result. On Thursday evening, Sri Lanka’s transportation system came to a halt due to a lack of diesel.
In addition, 22 million people in the country were subjected to long-term power outages. Milk has become more expensive than gold for the people here, according to Alam. Even for two times the bread, people have to deal with a slew of issues.
Due to the stagnation of tourism, they are drowning in debt.
The tourism industry is important to Sri Lanka’s economy, but it has already come to a halt as a result of Corona’s hit. Tourism is the country’s third-largest source of foreign currency. The country’s foreign exchange reserves have nearly depleted as a result of its depreciation. About 5 lakh Sri Lankans rely on tourism directly, while another 20 lakh rely on it indirectly. Tourism accounts for more than 10% of Sri Lanka’s GDP. Tourism brings in about $ 5 billion (roughly Rs 37 thousand crore) per year for Sri Lanka.
Sri Lanka is enslaved by Chinese debt.
In the next 12 months, the country must repay $7.3 billion in domestic and foreign debt (roughly 54,000 crore Indian rupees). China is responsible for roughly 68 percent of the total debt. He must pay China 5 billion dollars (roughly 37 thousand crore rupees). It took out a new $ 1 billion (roughly Rs 7,000 crores) loan from China last year to help it deal with the severe financial crisis, which is being paid back in instalments.