Gallery
PM Modi visit USA
Only the mirror in my washroom and phone gallery see the crazy me : Sara Khan
Karnataka rain fury: Photos of flooded streets, uprooted trees
Cannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfit
Ranbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A Kiss
Oscars 2022: Every Academy Award Winner
Shane Warne (1969-2022): Australian cricket legend's life in pictures
Photos: What Russia's invasion of Ukraine looks like on the ground
Lata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'
PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
Indian men's hockey team captain Harmanpreet Singh has been named Player of the Year 2024
- World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17
- U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals
- FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup
- Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow
- FIFA : Over 100 female footballers urge FIFA to reconsider partnership with Saudi oil giant
Sri Lanka declares economic emergency as food items go out of reach Last Updated : 01 Sep 2021 01:01:47 PM IST 
Sri Lanka has declared an economic emergency, after a steep fall in the value of the South Asian country's currency caused a spike in food prices.
Authorities say they will take control of the supply of basic food items, including rice and sugar, and set prices in an attempt to control rising inflation, the BBC reported.The Sri Lankan rupee has fallen by 7.5 per cent against the US dollar this year. The wide-ranging emergency measures came into effect on Tuesday.A former army general has been appointed by the government as the commissioner of essential services, with the power to seize stocks held by traders and retailers."The authorised officers will be able to take steps to provide essential food items at a concessionary rate to the public by purchasing stocks of essential food items," the president of the island nation, Gotabaya Rajapaksa, said in a statement."These items will be provided at government guaranteed prices or based on the customs value on imported goods to prevent market irregularities," the statement added.The announcement came after a surge in the cost of basic foodstuffs such as sugar, onions and potatoes, BBC reported.There have also been long queues outside shops due to shortages of other goods including milk powder, kerosene and cooking gas.The Country's Department of Census and Statistics said the increase in the foreign exchange rate was one of the reasons behind rising prices of many essential items over the last year.Month-on-month inflation rose to 6 per cent in August, mainly due to high food prices, the department said.The country, which is a net importer of food and other commodities, is witnessing a surge in coronavirus cases and deaths which has hit tourism, one of the country's main foreign currency earners, the report said.Partly as a result of the slump in tourist numbers, Sri Lanka's economy shrank by a record 3.6 per cent last year.In March last year, the government imposed an import ban on vehicles and other items as it tried to stem the outflow of foreign currencies.IANS Colombo, Sri Lanka For Latest Updates Please-
Join us on
Follow us on
What binds the two most talked about nations - India and Pakistan together? What makes the
Kajal on Children Day : Actress Kajol took to social media to wish her kids, son Yug and d
LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte
172.31.16.186
