Economic Turmoil
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The economic woes of Pakistan and Sri Lanka have similar origin stories
Like Sri Lanka, Pakistan’s economic distress has been in the making for decades.
Hussain Mohi-ud-Din Qadri, Dawn.com
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Sri Lanka’s economic meltdown has forced many of its elderly onto the streets
In a country where large numbers of older workers lack pensions, some have turned to begging and charities to cope.
Piyumi Fonseka, Thomson Reuters Foundation
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Pakistan raises prices of petrol, diesel by Rs 35 amid economic crisis
The country is facing the threat of debt default as the International Monetary Fund continues to delay a $6 billion bailout secured in 2019.
Scroll Staff
Trending
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How West Bengal’s changing political dynamics could hurt the Trinamool Congress
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How OP Nayyar was one of the original disruptors of Hindi film music
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Watch: Smooth mashup of Grammy winner ‘Unholy’ with hit Hindi songs ‘Ram Chahe Leela’, ‘Ramta Jogi’
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Barricades outside British embassy in Delhi removed after Khalistan protest in London
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This revered revolutionary was convinced that Bulgarians were descendants of Indians
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Pakistani rupee drops to record low amid economic crisis
Thursday’s drop in currency value by 9.6% has been the largest single-day decline in both absolute and percentage terms since 1999.
Scroll Staff
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High inflation, debt and political fault lines: Rishi Sunak faces a challenging few months ahead
The new administration must draft and pass a fiscal consolidation plan, which all Tory members are on board with, and work to reduce the fiscal deficit.
Deepanshu Mohan
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The Indian economy looks bleak – but that only reflects the cancer within
A small segment has cornered most of the gains of the past few years. The rest have felt the increasing pain of inflation and economic strife.
Mitali Mukherjee
Video
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Watch: British policeman dances with Indians outside Indian High Commission in London
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Watch: Musician Yashraj Mukhate hilariously reimagines ‘Breakup Song’ in 1990s’ Hindi music style
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Watch: Scenes from Gudi Padwa festivities across Maharashtra, from lezim dances to motorbike rallies
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Watch: Singer Taylor Swift dives into a pit and appears to swim beneath the stage during a concert
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Watch: Carnival ride with people on it crashes to the ground in Ajmer, Rajasthan, several injured
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Rising yields on government bonds seem to be making Modi government anxious
On May 4, the yield on its benchmark bond that matures in 10 years hit a three-year high of 7.4%, up 67 basis points since the beginning of this year.
Mimansa Verma, qz.com
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A former economist at Sri Lanka’s central bank explains why the country went from boom to bust
While problems have been brewing for years, spillovers from the crisis in Ukraine have sent the island nation over the edge.
Vidhura S Tennekoon, The Conversation
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Sri Lanka’s economic meltdown has forced its citizens to take on second jobs as waiters and drivers
Lakhs of workers who are struggling to afford food, fuel and medicine have turned to moonlighting.
Shihar Aneez, Thomson Reuters Foundation
The Reel
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How OP Nayyar was one of the original disruptors of Hindi film music
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Watch: The blunder years in ‘School College Ani Life’ starring Tejasswi Prakash, Karan Parab
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‘Ghar Banduk Biryani’ trailer: A chef is caught between security forces and rebels
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Start the week with a film: See the world through a donkey’s eyes in ‘EO’
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‘Rocket Boys’ review: Fuel loss on the way to the Pokhran nuclear test
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Sri Lanka seeks $1.5 billion line of credit from India as economic crisis worsens
On March 18, New Delhi had extended a line of credit worth $1 billion to Colombo as its foreign reserves have hit rock bottom.
Scroll Staff
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India extends $1 billion credit facility to Sri Lanka for short-term concessional loans
The island nation is facing problems in paying for imports due to its foreign reserves being at an all-time low.
Scroll Staff
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With Beirut’s dock explosion, Lebanon precarious economy has got even weaker
The explosion erodes what little trust citizens may still have had in their political class.
Hannes Baumann, The Conversation
The Field
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Watch, India vs Australia: Kuldeep Yadav dimisses Alex Carey with a superb delivery in Chennai ODI
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ISSF World Cup Bhopal: Sarabjot Singh wins men’s 10m air pistol gold, Vinod Tomar earns bronze
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Women’s World Boxing C’ships: Nitu Ghanghas, Nikhat Areen, Saweety Boora assure medals for India
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IND vs AUS, third ODI: Kuldeep Yadav, Hardik Pandya pick three each as Australia post 269
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Sports world daily: Carlos Alcaraz ready for Miami challenge, Navratilova beats cancer and more