Sri Lanka’s president Gotabaya Rajapaksa has declared a state of emergency in the country which gives sweeping powers to the country’s security forces. This was declared after hundreds of citizens of the county tried to storm his house seething with anger over the economic crisis Sri Lanka is facing.
Overview
- The tough laws that were invoked give powers to the military to detain and arrest any suspect without trial for long periods of time.
- The citizens of the country are protesting and calling for his resignation as the country is in turmoils.
- The nation is facing severe essential shortages, rice is prices, crippling power cuts, etc.
- In the country, a night-time curfew has been imposed following continuous protests against the President of the country.
Why was the emergency declared?
The emergency has been declared so that public order in the country can be maintained as well as the protection of services and supplies that are essential to the community.
The economic condition of the country
Inflation in the country has hit 18.7 percent. Food prices have soared by 30.1 percent. Diesel shortages have also sparked outrage across the country. Daily 13-hours of a power cut is being imposed as there is no diesel for running the generators. The state-run hospitals of the country are also facing shortages of life-saving medicines. The International Monetary Fund has been approached by the government while more loans have been asked for from India and China.
Reasons for the economic worsening of the country
Sri Lanka’s economic condition has taken a hit due to the Covid-19 pandemic, due to which the tourism industry, the country’s major source of income, has suffered a lot. Many economists believe that the crisis has increased due to mismanagement of the government and accumulation of borrowings.
Related Articles
BSEB 12th Compartmental Exam 2023: Registration date extended till March 30
Bihar School Examination Board has extended the registration date for Bihar Board 12th Compartment Exam 2023. The last date to register for the compartmental examination is till march 30, 2023. Candidates can apply online through the official site of BSEB at...
MAH B.Ed CET admit card 2023 released at cetcell.mahacet.org, download here | Competitive Exams
Maharashtra Common Entrance Test Cell has released the MAH B.Ed.-M.Ed CET examination. Candidates can download the admit card from the official website at cetcell.mahacet.org. MAH B.Ed CET admit card 2023 released at cetcell.mahacet.org Along with the MAH-B.Ed....
CBSE Class 12 History paper tomorrow; Check SQP, marking scheme
CBSE Class 12 Board Exam 2023: Central Board of Secondary Education (CBSE) is going to hold board exam for the Class 12 History paper tomorrow, March 29. Timings for CBSE Class 12 History exam is 10:30 am to 1:30 pm and the gate closing time is 10 am. CBSE...