Sri Lankan PM Mahinda Rajapaksa Resigns

Sri Lankan PM Mahinda Rajapaksa Resigns

Sri Lanka Economic Crisis: Sri Lanka saw the protests turn intense as the country gets embroiled in a deepening economic crisis.

Sri Lankan Prime Minister Mahinda Rajapaksa resigned on Monday. The move is likely to pave the way for a new cabinet in the crisis-ridden country.

This comes just days after President Gotbaya Rajapaksa requested the PM to step down as a solution to the ongoing political crisis in the country.

After the PM’s resignation, President Rajapaksa is expected to invite all the political parties in Parliament to form an all-party Cabinet.

Lanka IOC, the subsidiary of Indian Oil Corporation in Sri Lanka, on Saturday supplied 6,000 MT of fuel to the Ceylon Electricity Board in order to ease the power crisis in the island nation.

Sri Lanka has been witnessing acute power cuts as it faces an economic crisis. India has extended US 500 million oil line of credit to its neighbouring country and the consignment of fuel sent on Saturday is part of it.

“Standing with #Srilanka!!! @LankaIOCPLC supplied 6000 MT of fuel to the Ceylon Electricity Board today,” the High Commission of India in Colombo posted on Twitter.

Additionally, a 40,000 MT of diesel under Indian assistance through Line of Credit of $500 million was also supplied to Sri Lanka on Saturday.

36-hour nationwide curfew

Meanwhile, Sri Lanka on Saturday imposed a 36-hour nationwide curfew. The near-bankrupt country also deployed troops backed with new powers under a state of emergency to curb protests against the President Gotabaya Rajapaksa, his relatives and even his most trusted shaman.

Police said the curfew will be be lifted on Monday morning. The 36-hour period covers planned mass anti-government protests against worsening shortages of fuel, food and medicines.

ALSO READ: Russia-Ukraine War: Russian Troops Drop Bomb At School, Several Feared Dead