TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    DMK Ally MMK Demands 14 Assembly Seats for Muslims Ahead of 2026 Tamil Nadu Polls

    DMK Ally MMK Demands 10 pc of Assembly Seats for Muslims Ahead of 2026 Tamil Nadu Polls

    film bodies demand removal of diljit dosanjh from border 2

    Diljit Dosanjh Faces Industry Heat as Film Bodies Seek His Removal from Border 2

    Usha Vance on raising interfaith kids

    “They Have a Choice”- Usha Vance on Letting Kids Decide Their Own Religion

    Bengal Gang Rape Horror: 3 Arrested For Assault In South Kolkata Law College

    Bengal Gang Rape Horror: Three Arrested, BJP Says Accused Seen With Abhishek Banerjee

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    China's Fertiliser Export Halt to India Raises Strategic Red Flags

    China’s Fertiliser Export Halt to India Raises Strategic Red Flags, Prompts Swift Response

    India’s Economic Engine Accelerates

    India’s Economic Engine Accelerates: S&P Projects 6.5% GDP Growth for FY26

    US-Iran Tensions Shake Global Markets

    US-Iran Tensions Shake Global Markets; Oil Prices Surge and Safe-Haven Assets Rise

    What Is a Demat Account? Use It With an Online SIP Calculator to Maximize Returns

    What Is a Demat Account? Use It With an Online SIP Calculator to Maximize Returns

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Indian Navy Was Ready to Strike: A Catastrophic Blow Pakistan Barely Escaped

    Op Sindoor: Indian Navy Was Ready to Strike – A Catastrophic Blow Pakistan Barely Escaped

    UK’s F-35 Jet Grounded in Kerala for 10 Days Over Engineering Glitch

    UK’s F-35 Jet Grounded in Kerala for 10 Days Over Engineering Glitch, No Takeoff in Sight

    CQB carbine

    DRDO and Indian Army Unveil Indigenous CQB Carbine for Urban Warfare

    A Timely Push For Self-Reliance Amid Strategic Tensions

    India Flexes Muscle: 28 DRDO Weapons Cleared for Emergency Defense Procurement

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    islamabad confirms receiving help from china's satellite intelligence

    Pakistan Received Chinese Satellite Intelligence During Conflict with India

    ganga water treaty

    Why 2025 Must Mark a New Chapter in the Ganga Water Sharing Treaty

    what India should learn from Russia's self reliance

    India Must Learn from Russia’s Sanctions Survival Strategy

    Trump Hints at Major India Trade Deal as Negotiators Race to Beat July 9 Deadline

    Trump Hints at Major India Trade Deal as Negotiators Race to Beat July 9 Deadline

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    jagannath yatra 2025 begins

    Jagannath Rath Yatra Begins, Millions Join Sacred Procession in Puri

    indian culture as world civilisation

    The Indian Roots of World Civilizations

    death anniversary of shyama prasad mukherjee

    From Sacrifice to Sovereignty: How Modi’s India Is Realizing Shyama Prasad Mukherjee’s Vision

    Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    Karnataka’s Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    A Deep Look into Mucormycosis and Throat Cancer

    A Deep Look into Mucormycosis and Throat Cancer

    How to Store Your Tennis Outfits Properly

    How to Store Your Tennis Outfits Properly

    The Digital Gaming Wave and Its Role in India’s Economic Growth

    The Digital Gaming Wave and Its Role in India’s Economic Growth

    mistakes to avoid during yoga

    6 Common Yoga Mistakes to Avoid for a Better Practice

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    DMK Ally MMK Demands 14 Assembly Seats for Muslims Ahead of 2026 Tamil Nadu Polls

    DMK Ally MMK Demands 10 pc of Assembly Seats for Muslims Ahead of 2026 Tamil Nadu Polls

    film bodies demand removal of diljit dosanjh from border 2

    Diljit Dosanjh Faces Industry Heat as Film Bodies Seek His Removal from Border 2

    Usha Vance on raising interfaith kids

    “They Have a Choice”- Usha Vance on Letting Kids Decide Their Own Religion

    Bengal Gang Rape Horror: 3 Arrested For Assault In South Kolkata Law College

    Bengal Gang Rape Horror: Three Arrested, BJP Says Accused Seen With Abhishek Banerjee

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    China's Fertiliser Export Halt to India Raises Strategic Red Flags

    China’s Fertiliser Export Halt to India Raises Strategic Red Flags, Prompts Swift Response

    India’s Economic Engine Accelerates

    India’s Economic Engine Accelerates: S&P Projects 6.5% GDP Growth for FY26

    US-Iran Tensions Shake Global Markets

    US-Iran Tensions Shake Global Markets; Oil Prices Surge and Safe-Haven Assets Rise

    What Is a Demat Account? Use It With an Online SIP Calculator to Maximize Returns

    What Is a Demat Account? Use It With an Online SIP Calculator to Maximize Returns

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Indian Navy Was Ready to Strike: A Catastrophic Blow Pakistan Barely Escaped

    Op Sindoor: Indian Navy Was Ready to Strike – A Catastrophic Blow Pakistan Barely Escaped

    UK’s F-35 Jet Grounded in Kerala for 10 Days Over Engineering Glitch

    UK’s F-35 Jet Grounded in Kerala for 10 Days Over Engineering Glitch, No Takeoff in Sight

    CQB carbine

    DRDO and Indian Army Unveil Indigenous CQB Carbine for Urban Warfare

    A Timely Push For Self-Reliance Amid Strategic Tensions

    India Flexes Muscle: 28 DRDO Weapons Cleared for Emergency Defense Procurement

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    islamabad confirms receiving help from china's satellite intelligence

    Pakistan Received Chinese Satellite Intelligence During Conflict with India

    ganga water treaty

    Why 2025 Must Mark a New Chapter in the Ganga Water Sharing Treaty

    what India should learn from Russia's self reliance

    India Must Learn from Russia’s Sanctions Survival Strategy

    Trump Hints at Major India Trade Deal as Negotiators Race to Beat July 9 Deadline

    Trump Hints at Major India Trade Deal as Negotiators Race to Beat July 9 Deadline

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    jagannath yatra 2025 begins

    Jagannath Rath Yatra Begins, Millions Join Sacred Procession in Puri

    indian culture as world civilisation

    The Indian Roots of World Civilizations

    death anniversary of shyama prasad mukherjee

    From Sacrifice to Sovereignty: How Modi’s India Is Realizing Shyama Prasad Mukherjee’s Vision

    Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    Karnataka’s Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    A Deep Look into Mucormycosis and Throat Cancer

    A Deep Look into Mucormycosis and Throat Cancer

    How to Store Your Tennis Outfits Properly

    How to Store Your Tennis Outfits Properly

    The Digital Gaming Wave and Its Role in India’s Economic Growth

    The Digital Gaming Wave and Its Role in India’s Economic Growth

    mistakes to avoid during yoga

    6 Common Yoga Mistakes to Avoid for a Better Practice

    • 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

Pakistan Received Chinese Satellite Intelligence During Conflict with India

Why 2025 Must Mark a New Chapter in the Ganga Water Sharing Treaty

India Declines UN Role in Air India Crash Investigation

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

DMK Ally MMK Demands 14 Assembly Seats for Muslims Ahead of 2026 Tamil Nadu Polls
Trending

DMK Ally MMK Demands 10 pc of Assembly Seats for Muslims Ahead of 2026 Tamil Nadu Polls

27 June 2025

With assembly elections due in 2026, Tamil Nadu’s Muslim-centric party, the Manithaneya Makkal Katchi (MMK), has stirred political waters...

film bodies demand removal of diljit dosanjh from border 2
Trending

Diljit Dosanjh Faces Industry Heat as Film Bodies Seek His Removal from Border 2

27 June 2025

Punjabi singer-actor Diljit Dosanjh finds himself embroiled in a deepening controversy as the Federation of Western India Cine Employees...

Usha Vance on raising interfaith kids
Trending

“They Have a Choice”- Usha Vance on Letting Kids Decide Their Own Religion

27 June 2025

In a political climate where culture wars often extend into religion and parenting, Usha Vance, Second Lady of the...

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

the ganga treaty is about to expire. What happens next?

the ganga treaty is about to expire. What happens next?

00:06:54

India's Rise: Defense and Diplomacy in 2047 Vision

00:22:51

1975 emergency: India's 21 month dictatorship.

00:10:29

poverty crushed! Modi delivers india's biggest upliftment ever.

00:06:19

Right time for release? Sardar ji 3 drops amid tragedy

00:05:33
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©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