Sri Lanka: Tea industry faces multiple setbacks, may shut down

Colombo/UNI: Worsening fuel crisis and other shocks are threatening to close down Sri Lanka's famous tea industry, putting much needed foreign exchange earnings at further risk.

India grants $500 million credit line to Sri Lanka to overcome fuel crisis

Colombo: India has extended $500 million credit line to Sri Lanka to buy fuel as the island nation grapples to tide over its worst financial criss in decades, media reports said.

Sri Lanka to buy fuel from IOC to avert energy crisis

New Delhi: Sri Lanka will buy 40,000 metric tonnes each of petrol and diesel from the Indian Oil Corporation (IOC) to overcome its fuel and energy crisis, media reports said.