SRI LANKA: As he departed the country to avoid a popular uprising against his government, Sri Lanka’s ousted president declared he took “all conceivable means” to avert the island nation’s economic disaster. A vote in Parliament on Friday approved the resignation of Gotabhaye Rajapakse from office (Jul 15). After hundreds of thousands of anti-government protestors descended on Colombo a week …

The Indian economy, which contracted 23.9 percent in the first quarter of this year on the back of astringent lockdown that resulted in job losses and consumption fell, is in even greater trouble, the latest growth figures showed.Analysts say there is a need for a fresh stimulus package to drive growth in the Indian economy once the world’s fastest growing …