srilankaeconomiccrisis
By Archis Chowdhury An image of economist and former Reserve Bank of India Governor Raghuram Rajan is being shared with a text, purportedly as a quote from him, which says,"People (in India) should start saving money, the situation will become like that of Sri Lanka". These posts claim that Rajan has stated that India will head towards bankruptcy like its southern neighbour. BOOM found this claim to be false; we found a year-old quote by Rajan, where he said that India would not see the same economic situation as Sri Lanka, or even Pakistan, due to the country's sufficient foreign exchange res...
BOOM Live
By Adrija Bose Katunayake, SRI LANKA- Every morning, Sandhya Malkanti has to walk past a bunch of leering men— shopkeepers, street vendors and tuktuk drivers— who make snide remarks and lewd gestures at her. By the time she gets to work, she has already been harassed multiple times. At work, it doesn't get better. The 33-year-old has been working as a garment factory worker in Sri Lanka for the last seven years. Just like her co-workers, Sandhya finds it difficult even to take a bathroom break as not meeting her targets would mean less money in her pocket. At a time when Sri Lanka is going thr...
BOOM Live
By The Conversation Sri Lanka is in the grip of an economic, political and humanitarian crisis. In a remarkable display of anger on Saturday, thousands of protesters disregarded government curfews, rampant military and police presence to storm the presidential palace and the prime minister's residence, demanding their resignations. It came as the Rajapaksa government halted the sale of fuel to ordinary people. It is the first country to do so since the global oil crisis in 1979. For several months, Sri Lankans have suffered shortages of food, fuel and other critical supplies. Schools have been...
BOOM Live
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