Connect with us
Friday,21-November-2025
Breaking News

International News

Sri Lanka’s petrol stocks about to run dry: Minister

Published

on

Sri Lankan Energy Minister Kanchana Wijesekera has issued a stark warning over the country’s fuel stocks as it faces its worst economic crisis in more than 70 years.

On Sunday, Wijesekera told reporters that the country had 12,774 tonnes of diesel and 4,061 tonnes of petrol left in its reserves, reports the BBC.

“The next petrol shipment is expected between the 22nd and 23rd (of July),” he added.

A shipment of diesel is expected to arrive at the weekend, however Wijesekera warned that the country does not have enough money to pay for planned fuel and crude oil imports.

He said Sri Lanka’s central bank could only supply $125 million for fuel purchases, far less than the $587 million needed for its scheduled shipments.

Wijesekera added that the country owed $800 million to seven suppliers for purchases it made earlier this year.

The latest warning comes after Sri Lanka suspended sales of petrol and diesel for non-essential vehicles last week as it struggles to pay for imports like fuel, food and medicines, the BBC reported.

Experts believe it is the first country to take the drastic step of halting sales of petrol to ordinary people since the 1970s oil crisis, when fuel was rationed in the US and Europe.

The island nation of 22 million people is facing its worst economic crisis since gaining independence from the UK in 1948 as it lacks enough foreign currency to pay for imports of essential goods.

Acute shortages of fuel, food and medicines have helped to push up the cost of living to record highs in the country, where many people rely on motor vehicles for their livelihoods.

Also last week, an International Monetary Fund team concluded a fresh round of talks with Sri Lanka over a $3 billion bailout deal.

While no agreement has been reached yet, the team said in a statement that it had made “significant progress on defining a macroeconomic and structural policy package”.

The cash-strapped country has also sent officials to the major energy producers Russia and Qatar in an attempt to secure cheap oil supplies.

International News

Tejas crashes at Dubai Air Show: IAF regrets ‘loss of life’

Published

on

New Delhi, Nov 21: In a tragic incident, an Indian Air Force Tejas fighter jet crashed during a demonstration at the Dubai Air Show on Friday, and the pilot lost his life.

Taking it to X, IAF said, “An IAF Tejas aircraft met with an accident during an aerial display at Dubai Air Show, today. The pilot sustained fatal injuries in the accident. IAF deeply regrets the loss of life and stands firmly with the bereaved family in this time of grief.”

It further added that, “A court of inquiry is being constituted to ascertain the cause of the accident.”

The crash occurred during the biennial Dubai Air Show, one of the world’s largest aviation exhibitions. The event has seen major announcements this week.

Notably, this is the second crash involving a Tejas aircraft, the first one being in 2024 near Jaisalmer.

In March 2024, a Tejas fighter went down in Rajasthan’s Jaisalmer, the first such accident in the aircraft’s 23-year history since its maiden test flight in 2001. The pilot ejected safely in that case.

LCA Tejas is a 4.5-generation, all-weather and multi-role fighter aircraft. The aircraft is designed to be a multi-role aircraft capable of taking up offensive air support, close combat and ground attack roles at ease.

It is also designed to undertake ground maritime operations.

At the Dubai Air Show, India and Germany, on November 19, revived high-technology defence collaboration after nearly three decades, with Hindustan Aeronautics Limited (HAL) signing a landmark contract with German state-backed sensor major HENSOLDT.

The pact, finalised on Day 3 of the event, focuses on the joint development of a cutting-edge LiDAR-based Obstacle Avoidance System (OAS) for Indian military helicopters. This breakthrough has already generated significant buzz across global aerospace circles.

The deal for this LiDAR-based Obstacle Avoidance System (OAS), signed by Indian DPSU Hindustan Aeronautics Limited (HAL) and German government-backed HENSOLDT, marks a significant return to high-technology cooperation after earlier partnerships in aerospace and maritime programmes.

Continue Reading

International News

‘My thoughts with those who lost loved ones’: PM Modi on Saudi bus accident

Published

on

New Delhi, Nov 17: Prime Minister Narendra Modi on Monday expressed deep sadness over the loss of lives in the Saudi Arabia bus accident involving several Indian Umrah pilgrims and prayed for the swift recovery of the injured.

A passenger bus carrying several Indian Umrah pilgrims collided with a diesel tanker early Monday morning near Medina, the Indian mission in Jeddah confirmed.

In a post on X, PM Modi said, “Deeply saddened by the accident in Medinah involving Indian nationals. My thoughts are with the families who have lost their loved ones. I pray for the swift recovery of all those injured.”

“Our Embassy in Riyadh and Consulate in Jeddah are providing all possible assistance. Our officials are also in close contact with Saudi Arabian authorities,” he added.

In the wake of the accident, the Consulate General of India in Jeddah has set up a 24/7 control room and released helpline numbers for those seeking assistance.

Preliminary unconfirmed media reports indicate that most of the pilgrims are from Hyderabad. Given the intensity of the explosion caused by the collision, casualties are feared.

According to unconfirmed media reports, the bus was travelling from Mecca to Medina, with pilgrims heading to the holy city after completing their rituals in Mecca. All passengers were reportedly asleep when the crash occurred.

Rescue operations are underway, and local residents have rushed to the scene to assist those severely injured. The exact number of casualties has not yet been officially confirmed.

Further updates are awaited.

Telangana Chief Minister A. Revanth Reddy also condoled the loss of lives in the horrific accident involving a bus carrying Indian pilgrims in Saudi Arabia.

The state government has also set up a control room in Hyderabad to provide information and assistance to the families of the accident victims.

Continue Reading

Business

India, Canada discuss ways to boost bilateral trade, promote investments

Published

on

New Delhi, Nov 13: Commerce and Industry Minister Piyush Goyal and Maninder Sidhu, Canada’s Minister of International Trade, discussed ways to further boost bilateral trade and promote investments, it was announced on Thursday.

Sidhu is in India to find opportunities to advance trade and investment linkages between the two nations.

“It was a pleasure to co-chair the 7th India-Canada Ministerial Dialogue on Trade and Investment as part of the New Roadmap 2025 along with @MSidhuLiberal, Canada’s Minister of International Trade,” Goyal posted on the X social media platform.

The minister further stated that they discussed “avenues to strengthen bilateral trade, promote investments and deepen cooperation between our countries”.

During his India visit, Sidhu is set to promote Canada’s commitment to supporting and growing the well-established commercial ties shared by Canada and India, including artificial intelligence, clean technology and digital industries, and explore new opportunities for partnerships that benefit workers and businesses in both countries.

“This visit to India will reinforce Canada’s commitment to diversifying our trade relationships and attracting new investment,” an official statement quoting Sidhu said. “As one of the fastest-growing major economies, India offers significant opportunities for Canadian businesses and workers. Our commercial ties continue to expand — bilateral trade surpassed $30 billion in 2024 — and there is even greater potential ahead,” the statement added.

India is a key partner as Canada strengthens its economic links in the Indo-Pacific region under a comprehensive strategy for the region. In 2024, India was Canada’s seventh-largest goods and services trading partner, with two-way trade valued at $30.9 billion.

Meanwhile, External Affairs Minister (EAM) S. Jaishankar and his Canadian counterpart, Anita Anand, held discussions on strengthening cooperation across key sectors, including trade, energy and security. Both leaders met on the sidelines of the G7 Foreign Ministers’ Meeting in Niagara.

EAM Jaishankar also praised the progress made under the New Roadmap 2025, aimed at enhancing bilateral ties between India and Canada and expressed hope for rebuilding a stronger partnership.

Continue Reading

Trending