Sign In
Learn bits
World Affairs
Pradeep Kumar

01/09/21 11:35 AM IST

Sri Lanka declares food emergency

In news

Sri Lanka  declared a state of emergency over food shortages as private banks ran out of foreign exchange to finance imports.

Details
  • The move followed sharp price rises for sugar, rice, onions and potatoes, while long queues have formed outside stores because of shortages of milk powder, kerosene oil and cooking gas.
  • The government has increased penalties for food hoarding, but the shortages come as the country of 21 million battles a fierce coronavirus wave that is claiming more than 200 lives a day.
  • The economy shrank by a record 3.6 percent in 2020 because of the pandemic and in March last year the government banned imports of vehicles and other items, including edible oils and turmeric, an essential spice in local cooking, in a bid to save foreign exchange.
  • Importers still say they have been unable to source dollars to pay for the food and medicines they are allowed to buy.
Steps taken by Sri- Lankan Government
  • The government has appointed a former army general as commissioner of essential services, who will have the power to seize food stocks held by traders and retailers and regulate their prices.
  • The authorised officers will be able to take steps to provide essential food items at concessionary rate to the public by purchasing stocks of essential food items including paddy, rice and sugar.
  • These items will be provided at government guaranteed prices or based on the customs value on imported goods to prevent market irregularities.
Source: Aljazeera

More Related Current Affairs View All

25 Sep

Dengue cases around the world

'As cities across India report a surge in dengue cases, a record number of cases have been reported around the world this year with Brazil and other South American countries worst

Read More

25 Sep

The NCrF as a framework for well-rounded education

'Cognitive inconsistency and axiomatic irrationality become evident when a few put forth the view that the spirit behind and the structural reforms advocated by the National Educat

Read More

24 Sep

Leveraging transit-oriented development to build productive cities

'Indian cities are on the brink of a transportation revolution, with a projected expenditure of ?3 trillion (between 2022–2027) set to be spent on approved metro rail project

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps