TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Udit Raj Wants Astronauts Chosen by Caste

    Congress Leader Udit Raj’s ‘Dalit Astronaut’ Comment Reduces Space Mission to Caste Politics

    Is Congress Using 'Rohith Vemula Bill' to Smuggle Muslims into SC Quota?

    Is Congress Using ‘Rohith Vemula Bill’ to Sneak Muslims into SC Quota At the Cost of Hindu Dalits?

    Kerala Nurse’s Life in Balance: Can Yemen Accept India’s Blood Money Offer?

    Nimisha Priya’s Execution Put on Hold amid ongoing negotiations in Yemen

    gujarat plane crash

    Air India Crash Report Prompts Reckless Speculation, Undermining Credibility of Pilots: Claims Pilots Body

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Achieves 50% Non-Fossil Fuel Power Capacity

    India Achieves 50 pc Non-Fossil Fuel Power Capacity, Five Years Ahead of Schedule

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    WiseProfitWay.com reviews – Trading Times

    WiseProfitWay.com reviews – Trading Times

    TheGenInfinity.com reviews – Account Types

    TheGenInfinity.com reviews – Account Types

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    India Set to Test ET-LDHCM: Hypersonic Missile

    India Tests Hypersonic Missile Aimed at Covering All of Pakistan and Key Chinese Military Zones

    India Conducts Successful Trial of Astra Missile

    India Conducts Successful Trial of Astra Missile BVRAAM Featuring Indigenous RF Seeker

    India Must Stay Vigilant as Turkey-Pakistan Axis Grows

    Pakistan and Turkey Deepen Anti-India Axis Through Defence, Radicalization Nexus

    14+ Nations Want BrahMos After Watching India’s Might in Operation Sindoor, Says Rajnath Singh

    BrahMos Missile Shines in Op Sindoor ;15 Countries Eye Deal, Reveals Rajnath Singh

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Non-veg milk a red line in India-US trade talks. Here's why

    No Dairy Deal with US if Cows Are Fed Meat: India Stands Firm

    Half of Bangladeshi Girls Forced Into Child Marriage, UN Report

    Half of Bangladeshi Girls Forced Into Child Marriage, UN Report

    Hindu Faith Targeted Again in Canada: Eggs Thrown at Lord Jagannath’s Rath Yatra

    Hindu Faith Targeted Again in Canada: Eggs Thrown at Lord Jagannath’s Rath Yatra

    Pahalgam Terror Attack Backed by Pakistan’s Political and Military Leadership, Comparable to 26/11, Says Report

    Pahalgam Terror Attack Backed by Pakistan’s Political, Military Leadership, Comparable to 26/11, Says Report

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    The Pride of Maratha Power Gets UNESCO Tag

    From Raigad to Suvarnadurg: The Pride of Maratha Power Gets UNESCO Tag

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    resh Nipah Death in Kerala’s Palakkad Raises Statewide Alarm

    Nipah Scare Returns to Kerala: Second Death Leads to High Alert in Six Districts

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    5 Places in India to Deepen Your Yoga Journey

    Discover Inner Peace: 5 Places in India to Deepen Your Yoga Journey

    Khalistani Terrorist Pannun Threatens Kapil Sharma

    Khalistani Terrorist Pannun Threatens Kapil Sharma: ‘Why Are You Investing In Canada?’

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Udit Raj Wants Astronauts Chosen by Caste

    Congress Leader Udit Raj’s ‘Dalit Astronaut’ Comment Reduces Space Mission to Caste Politics

    Is Congress Using 'Rohith Vemula Bill' to Smuggle Muslims into SC Quota?

    Is Congress Using ‘Rohith Vemula Bill’ to Sneak Muslims into SC Quota At the Cost of Hindu Dalits?

    Kerala Nurse’s Life in Balance: Can Yemen Accept India’s Blood Money Offer?

    Nimisha Priya’s Execution Put on Hold amid ongoing negotiations in Yemen

    gujarat plane crash

    Air India Crash Report Prompts Reckless Speculation, Undermining Credibility of Pilots: Claims Pilots Body

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Achieves 50% Non-Fossil Fuel Power Capacity

    India Achieves 50 pc Non-Fossil Fuel Power Capacity, Five Years Ahead of Schedule

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    WiseProfitWay.com reviews – Trading Times

    WiseProfitWay.com reviews – Trading Times

    TheGenInfinity.com reviews – Account Types

    TheGenInfinity.com reviews – Account Types

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    India Set to Test ET-LDHCM: Hypersonic Missile

    India Tests Hypersonic Missile Aimed at Covering All of Pakistan and Key Chinese Military Zones

    India Conducts Successful Trial of Astra Missile

    India Conducts Successful Trial of Astra Missile BVRAAM Featuring Indigenous RF Seeker

    India Must Stay Vigilant as Turkey-Pakistan Axis Grows

    Pakistan and Turkey Deepen Anti-India Axis Through Defence, Radicalization Nexus

    14+ Nations Want BrahMos After Watching India’s Might in Operation Sindoor, Says Rajnath Singh

    BrahMos Missile Shines in Op Sindoor ;15 Countries Eye Deal, Reveals Rajnath Singh

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Non-veg milk a red line in India-US trade talks. Here's why

    No Dairy Deal with US if Cows Are Fed Meat: India Stands Firm

    Half of Bangladeshi Girls Forced Into Child Marriage, UN Report

    Half of Bangladeshi Girls Forced Into Child Marriage, UN Report

    Hindu Faith Targeted Again in Canada: Eggs Thrown at Lord Jagannath’s Rath Yatra

    Hindu Faith Targeted Again in Canada: Eggs Thrown at Lord Jagannath’s Rath Yatra

    Pahalgam Terror Attack Backed by Pakistan’s Political and Military Leadership, Comparable to 26/11, Says Report

    Pahalgam Terror Attack Backed by Pakistan’s Political, Military Leadership, Comparable to 26/11, Says Report

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    The Pride of Maratha Power Gets UNESCO Tag

    From Raigad to Suvarnadurg: The Pride of Maratha Power Gets UNESCO Tag

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    resh Nipah Death in Kerala’s Palakkad Raises Statewide Alarm

    Nipah Scare Returns to Kerala: Second Death Leads to High Alert in Six Districts

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    5 Places in India to Deepen Your Yoga Journey

    Discover Inner Peace: 5 Places in India to Deepen Your Yoga Journey

    Khalistani Terrorist Pannun Threatens Kapil Sharma

    Khalistani Terrorist Pannun Threatens Kapil Sharma: ‘Why Are You Investing In Canada?’

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

How China created an economic crisis in Sri Lanka using Rajapaksa and how India neutralized it

Sanbeer Singh Ranhotra by Sanbeer Singh Ranhotra
22 January 2022
in Trending
Sri Lanka Rajapaksa China India
Share on FacebookShare on X

The Chinese model of extending loans to needy countries and promising to build world-class infrastructure on their territory using these loans has worked magnificently in Sri Lanka. It has worked magnificently for China alone, of course. Sri Lanka, on the other hand, has been handicapped. It has been reduced to a second-grade entity within its own territory. Sri Lanka is burdened by an embarrassing debt which it is unable to pay to China. Sri Lanka has run up an external debt of more than $45 billion — about 60% per cent of its nominal GDP (2020).

In the latest news, the president of crisis-hit Sri Lanka has asked China to restructure its debt repayments. Gotabaya Rajapaksa made the request during a meeting with Chinese foreign minister Wang Yi earlier this month. In the last decade, China has lent Sri Lanka over $5bn (£3.7bn) for projects including roads, an airport, and ports. In 2022 alone, Sri Lanka is required to pay about $4.5bn in debt.

RelatedPosts

Pahalgam Terror Attack Backed by Pakistan’s Political, Military Leadership, Comparable to 26/11, Says Report

India Achieves 50 pc Non-Fossil Fuel Power Capacity, Five Years Ahead of Schedule

Nuh’s Braj Mandal Jalabhishek Yatra and the Uneasy Truth About India’s ‘Secularism’

Load More

How the Rajapaksa Brothers Welcomed China with Open Arms

Sri Lankan president Gotabaya Rajapaksa admires China. Why? Because he wants to establish a one-party rule in Sri Lanka as well. You see, China is an inspiration for authoritarians around the world. Here are some facts. For the first time in Sri Lankan history, the country’s finance, economic policies, and defence ministries are led by three brothers. Gotabaya Rajapaksa is the President of Sri Lanka; Mahinda Rajapaksa is the Prime Minister and Basil Rajapaksa is the finance minister.

There are five other members of the Rajapaksa family that are serving as ministers in the current Sri Lankan government. The Rajapaksa family is one where avid CCP supporters are found in abundance. The Rajapaksa brothers are looking to consolidate political power in the country by allowing China to colonise and debt-trap it.

In July last year, Prime Minister Mahinda Rajapaksa praised CCP’s role saying, “China has successfully eradicated poverty of 900 million people under its open economic policy… I am confident that China will bring back the economic strength that Asia had 500 years ago through this Silk Road. China always believed that improving infrastructure will provide new ways and new strengths for the people. Therefore, we have constantly invited China to help develop the infrastructure of our country.”

In fact, the Sri Lankan government also issued a special coin to commemorate the CCP’s centenary. It is almost as if Sri Lanka was much more excited than the Chinese Communist Party itself last year, during the latter’s centenary celebrations. According to ORF, Sri Lanka’s leftist political parties and the ruling Rajapaksa SLPP conducted a joint conference online with China to support the CCP centenary.

During the conference, Mahinda Rajapaksa said, “The friend will always be there, both in sorrow and pleasure. Like the murals on a wall, they never look away…we appreciate the commitments made by the Chinese government for our independence during and after the war, forever.” The conference concluded by the Sri Lankan parties calling the CCP a “steadfast champion” for developing countries. The Rajapaksa regime also signed a joint statement initiated by China at UNHRC, raising concerns on the human rights situation in the UK.

India Steps in To Knock Some Sense into the Sri Lankan Government

Giving major heartburn to China, New Delhi and Colombo January 5 announced their decision to jointly develop an oil tank farm in the island’s north-eastern Trincomalee province. According to the agreement reached, the Indian Oil Subsidiary, Lanka IOC (LIOC) would be given a 49% stake in the joint development of the Trincomalee Oil Tank farm, with Ceylon Petroleum Corporation keeping 51%.

Earlier this month, India also confirmed a $400 million currency swap with Sri Lanka while deferring another $500 million due for settlement to the Asian Clearing Union (ACU). After India extended a bailout package worth $900 million to Sri Lanka, the island country is now requesting New Delhi to pour investments into its port, infrastructure, energy, power, and manufacturing sectors.

Read more: Sri Lanka is a giant ‘baingan’ in a mammoth ‘thali’ and it wants Chinese occupation again

Sri Lankan Finance Minister Basil Rajapaksa held talks with External Affairs Minister S Jaishankar on January 15 and discussed projects and investment plans by India that would strengthen the economy of the island nation. Thanking New Delhi for the bailout package, Rajapaksa also added that Colombo will create a ‘conducive environment’ so that it benefits both sides.

New Delhi, in addition to the $900 million line of credit, is also looking to inject $1.5 billion into the Sri Lankan economy. New Delhi is also facilitating Indian investments in different sectors in Sri Lanka to contribute to the growth and expand employment. India is, therefore, providing sufficient incentives for Colombo to dump China. If Sri Lanka fails to do so even now, it is bound to enter a doomed future.

Tags: ChinaGotabaya RajapaksaIndiaMahinda RajapaksaSri Lanka
ShareTweetSend
Previous Post

IAS Divya S Iyer Biography, Life and Career

Next Post

Bhagwan Jagannath’s curse jolts Nestle

Related Posts

Udit Raj Wants Astronauts Chosen by Caste
Trending

Congress Leader Udit Raj’s ‘Dalit Astronaut’ Comment Reduces Space Mission to Caste Politics

15 July 2025

In an appalling display of caste-first politics, Congress leader Udit Raj has yet again reduced India’s scientific milestones to...

Is Congress Using 'Rohith Vemula Bill' to Smuggle Muslims into SC Quota?
Trending

Is Congress Using ‘Rohith Vemula Bill’ to Sneak Muslims into SC Quota At the Cost of Hindu Dalits?

15 July 2025

The Congress party has once again chosen communal appeasement over constitutional integrity with its latest maneuver, the so-called Rohith...

Kerala Nurse’s Life in Balance: Can Yemen Accept India’s Blood Money Offer?
Trending

Nimisha Priya’s Execution Put on Hold amid ongoing negotiations in Yemen

15 July 2025

Indian nurse Nimisha Priya, who was facing execution in Yemen on July 16 for the murder of a Yemeni...

Load More

Comments 1

  1. Vish says:
    3 years ago

    India needs to shed no tears for Sri Lanka and it’s ruling elite. If they enjoy Chinese enslavement so be it. Sri Lanka enjoys prostrating before China and sending it’s citizens, including cricketers, to be slaughtered in Pakistan. All this to cock a snook at India. As long as it doesn’t turn into a security risk, India should turn a blind eye to SL’s attempts to destroy itself.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Congress’s Rohith Vemula Bill: Caste Polarization Masquerading as Reform

Congress’s Rohith Vemula Bill: Caste Polarization Masquerading as Reform

00:07:33

Bhima Koregaon Won’t Be Repeated; Maharashtra’s Special Act to Wipe Out Urban Naxals.

00:06:06

Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

00:07:47

How UPI went global? Why Namibia Adopted It?

00:07:20

Stalin’s DMK Faces Heat Over Brutal Custodial Killings in Tamil Nadu

00:08:06
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited