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World Bank analysts slashed their global growth forecast by 1.2 percentage points to 2.9% for 2022, warning that Russia’s invasion…
An official claimed on June 7 that Sri Lanka has requested for $55 million loan through India to purchase urea in the middle of its worst economic crisis, which is facing a serious food shortage. Due to the continued economic turmoil, PMRanil Wickremesinghe recently warned of a food catastrophe in the island nation. “The Prime Minister’s proposal to negotiate an agreement with The government to acquire urea for agriculture has been accepted by the Cabinet,” an official said. Loan to resolve agricultural shortages The Indian government agreed to offer a $55 million loan through Export-Import Bank of India, according to the government. The loan will be used to purchase urea for the ‘Maha’ harvest season in 2022/23. Mr. Wickremesinghe has stated that the current agricultural shortages could be resolved in five to six months if immediate effort is made to address the farmers’ shortages. Due to President Gotabaya Rajapaksa’s decision last year to prohibit chemical fertiliser imports, the government is experiencing a near 50% crop loss. The decision sparked massive farmer protests, which the administration dismissed, claiming that it was the government’s intention to transition to green agriculture using organic fertiliser. Sri Lanka is experiencing its biggest economic crisis since gaining independence from the United Kingdom in 1945. The consequences faced due to economic crisis Food, medicines, cooking gas as well as other fuel, toilet paper, and even matches are in short supply as a result of the economic crisis, with Sri Lankans forced to queue for hours outside businesses to buy gasoline and cooking gas for months. The move sparked massive farmer protests, which the administration dismissed, claiming that it was the government’s intention to shift to green agriculture using organic fertilisers. Sri Lanka is experiencing its biggest economic crisis since gaining independence from the United Kingdom in 1945.…
Fifty people including women and small children were killed by the gunmen in Nigeria. The incident took place at Owo…
Panic and horror followed after gunmen attacked a catholic church in southwest Nigeria on Sunday, killing at least 50 people. …
Lebanon issued a warning to Israel against any aggressive action in disputed waters after a ship arrived off the coast…
South Korean military says the action is a demonstration of the allies readiness to respond to North Korean ‘provocations’. The…
According to Funmilayo Ibukun Odunlami, the state’s police spokesperson, gunmen opened fire outside and inside the church, killing or injuring…
By: Saryu Sharma Genre: Politics Keywords: Chief Minister, Prime Minister Prime Minister Narendra Modi on Sunday greeted Uttar Pradesh Chief…
KANPUR: As a result of the violence in Kanpur, the Bareilly government has imposed a curfew under Section 144 in…
‘Repairs ought to end being more sensible and more noteworthy’ due to the new measure, says iFixit The New York…
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