Connect with us

Latest News

In the midst of the ongoing economic crisis Sri Lanka appoints new cabinet ministers

Published

on

President Gotabaya Rajapaksa named a new Cabinet of 17 ministers on Monday, ANI said, citing NewsWire, amid the continued economic crisis that has led to political uncertainty in Sri Lanka. The new Cabinet Ministers were sworn in before the President in the President’s House, according to the report. President Rajapaksa called independent ministers of parliament (MPs) to a meeting last week to discuss the country’s economic crisis, which has been described as the worst since the country’s independence in 1948. The conference was convened after enraged Sri Lankans took to the streets to demand President Rajapaksa’s resignation.

The Samagi Jana Balawegaya (SJB), Sri Lanka’s main opposition party, has warned to launch a no-confidence vote over President Rajapaksa’s government if he fails to take serious steps to resolve the country’s political and economic problems. Meanwhile, the Catholic Church in Sri Lanka has expressed its support for the island nation’s continuing Galle Face protest, which calls for President Rajapaksa’s immediate resignation. The Director of the National Catholic Center for Social Communications and Church spokesperson, Rev. Fr. Cyril Gamini Fernando, spoke out in favor of the continuing demonstrations during a news conference, according to The Island.

Sri Lanka announces failure on all of its foreign obligations.

However, the Sri Lankan Finance Ministry said on April 12 that the government will declare default on its $51 billion external debt, pending a bailout from the International Monetary Fund (IMF). The ministry also indicated in a news statement that the government will stop normal debt service of all “Affected Debt” for the time being, awaiting an orderly and consensual restructuring of such liabilities in line with an IMF-backed economic adjustment program.

Sri Lanka has maintained an excellent debt service record since its independence in 1948, according to the Finance Ministry. However, recent events, such as the ramifications of the COVID-19 epidemic and the aftermath of Ukraine’s war, have worsened the country’s budgetary condition to the point where normal servicing of foreign public debt obligations is no longer possible.

The situation in Sri Lanka

It’s worth noting that the Sri Lankan government is fighting to provide basic needs for its 22 million residents amid an extraordinary economic crisis brought on by financial mismanagement and ill-timed tax cuts. On April 3, cabinet ministers resigned with immediate effect, exacerbating the crisis even further. The island country is also dealing with a foreign exchange deficit, which has resulted in food, fuel, electricity, and gas shortages, prompting it to seek aid from friendly countries.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Three Navi Mumbai Residents Duped of ₹27 Lakh in MGL Bill Update Scam

Published

on

Cyber fraudsters used a fake mobile app to gain access to victims’ bank accounts; police urge citizens to stay vigilant.

Three residents of Navi Mumbai have fallen victim to a cyber fraud in which scammers posing as representatives of Mahanagar Gas Limited (MGL) allegedly cheated them of nearly Rs 27 lakh. The fraudsters convinced the victims to download a fake mobile application under the pretext of updating their gas bill details, enabling unauthorized access to their bank accounts. According to the police, the victims received phone calls and text messages claiming that their MGL gas connection would be disconnected if they failed to update their billing information immediately. They were then sent a link to download a fraudulent APK file disguised as an official application.

Once the application was installed, the cyber criminals allegedly gained remote access to the victims’ mobile devices and obtained sensitive banking credentials. Using this information, they carried out unauthorized transactions, resulting in a collective loss of approximately Rs 26.59 lakh. Following complaints from the victims, the police registered cases under relevant cybercrime provisions and launched an investigation to trace those involved in the fraud. Officials are examining digital evidence and transaction records to identify the accused.

Police have advised citizens to avoid downloading applications from unknown links, refrain from sharing banking or personal information over phone calls or messages, and verify any communication regarding utility bills through the official website or customer service channels of the concerned service provider before taking any action.

Continue Reading

Latest News

Thailand-Linked Drug Racket Busted in Navi Mumbai; Six Arrested

Published

on

Police seize narcotics and property worth Rs1.33 crore, hunt on for Thailand-based kingpin.

The Arrests

In a major crackdown on international drug trafficking, the Navi Mumbai Police’s Anti-Narcotics Cell (ANC) has busted an alleged Thailand-linked hydroponic cannabis racket, arresting six persons and seizing narcotics and other property collectively worth Rs1.33 crore. Police said the suspected mastermind is operating from Thailand and remains absconding.

The operation began on July 10 after the ANC received specific intelligence about drug trafficking activities at a hotel in Turbhe. Acting on the tip-off, officers raided the premises and arrested two suspects, recovering 648.5 grams of hydroponic cannabis valued at Rs70.35 lakh along with 5 grams of cocaine. Interrogation of the accused led investigators to additional suspects in Mira Road, Chembur, Dombivli and Ghatkopar. During the subsequent raids, police seized more hydroponic cannabis, taking the total recovery to nearly 1.3 kilograms. Twelve mobile phones were also recovered during the operation.

According to police, the investigation uncovered an alleged international supply chain with links to Thailand. The suspected kingpin, identified as an Indian national currently based in Thailand, is believed to have coordinated the smuggling and distribution network through local operatives in the Mumbai Metropolitan Region. Police said efforts are underway to trace the absconding mastermind and identify other members of the international narcotics syndicate. Further investigation is in progress.

Continue Reading

Latest News

Truck Driver Killed in Taloja, Co-Worker on the Run

Published

on

Police suspect long-standing caste-related rivalry as the motive, manhunt launched to nab the absconding accused.

The Case

A 45-year-old truck driver was allegedly murdered by his co-worker at a transport company in Taloja, Navi Mumbai, following a long-standing caste-related rivalry between their families. The Taloja Police have registered a case of murder and launched a manhunt to trace the accused, who remains absconding.

According to the police, the victim and the accused had been working together despite an ongoing dispute linked to caste tensions that had existed between their families for several years. Investigators believe the rivalry escalated into a violent confrontation at the workplace, resulting in the fatal attack. After the incident, the accused allegedly fled the scene before police arrived. The victim was rushed for medical assistance but succumbed to his injuries. Police officials have begun collecting evidence from the crime scene and recording statements of witnesses and colleagues to establish the sequence of events.

A murder case has been registered under the relevant sections of the Bharatiya Nyaya Sanhita (BNS). Authorities are conducting raids at multiple locations to apprehend the suspect. Police have appealed to anyone with information about the accused’s whereabouts to come forward and assist in the investigation. Officials stated that efforts are underway to ensure the accused is arrested at the earliest and that further investigation into the motive and circumstances surrounding the incident is ongoing.

Continue Reading

Trending