Sri Lanka not averse to using Indian rupee as common currency: President Wickremesinghe
Colombo (PTI): Sri Lanka would want to see the Indian rupee used as much as the US dollar, President Ranil Wickremesinghe has said, days ahead of his first official visit to New Delhi.
Wickremesinghe, also the cash-strapped country's finance minister, made this remark while addressing the Indian CEO Forum here this week.
"Just as East Asia, including countries like Japan, Korea and China, witnessed significant growth 75 years ago, it is now India's turn, along with the Indian Ocean region," Wickremesinghe said.
Wickremesinghe is expected to visit New Delhi next week, his first since becoming president a year ago amidst unprecedented economic and political turmoil in the island nation.
Wickremesinghe's comments were in response to the chair of the Forum, T S Prakash, who in his address had called for the enhanced use of the Indian rupee in the Sri Lankan economy.
"It makes no difference to us if India (the Indian rupee) becomes a common currency. We will have to figure out how to go about it. We must become more open to the outside world", Wickremesinghe said.
"The world is evolving and India is undergoing rapid development, particularly under Prime Minister Modi's leadership", he added.
He also said that Sri Lanka benefits from its proximity to India, coupled with a rich history, cultural heritage and longstanding trading relationships spanning 2,500 years, The Daily Mirror newspaper quoted him as saying.
Wickremesinghe has steered the island nation out of the economic crisis and said the economy is recovering despite its slowness.
"Once we complete debt restructuring our focus will shift towards a comprehensive growth agenda. This entails a massive overhaul of our economy, legal framework and systems aligning our path with that of India," he said. Wickremesinghe
The 74-year-old Sri Lankan politician was elected through parliament to fill in the rest of the term of the ousted president Gotabaya Rajapaksa.
Sri Lanka-India relationship history points to that it was unusual that Wickremesinghe's tour to Delhi had taken a year to happen, analysts noted.
India had thrown a lifeline to the last days of the Rajapaksa presidency with an economic assistance package that amounted to 4 billion dollars.
Sri Lanka used the Indian credit lines to import essentials and fuel as the country was gripped in forex shortages which triggered massive street protests.
Meanwhile, the High Commissioner of India in Sri Lanka Gopal Bagle who was at the July 13 event, said that the Indian government and the Indian business community have helped the island nation in recuperating from the last year's financial crisis.
"Even during the initial crisis, Indian businessmen began doing business in Sri Lanka to demonstrate to the rest of the world that the country's financial status is stable," Bagle was quoted as saying by the Sri Lankan media.
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Centre spent Rs 76.13 lakh on print media ads for RSS centenary, reveals RTI
New Delhi: The Union Ministry of Culture allegedly spent Rs 76.13 lakh on print advertisements marking the 100-year celebrations of the Rashtriya Swayamsevak Sangh (RSS), according to a Right to Information (RTI) reply.
The information was sought by RTI activist Ajay Basudev Bose, who filed an application seeking details on expenditure incurred by the ministry for advertisements commemorating the RSS centenary.
Bose shared a picture of the reply from the ministry on his official ‘X’ handle.
“It is informed that an amount of Rs 76,13,129 has been spent on advertisement given in various print media by the Ministry of Culture on the occasion of the completion of 100 years of RSS,” the government’s reply stated.
RTI reply shows Min of Culture Govt of India spent a Whopping Rs 76L,13K,129 on Advertisement in Print Media on occasion of 100 yrs of #RSS
— AJAY Basudev Bose (@AjayBos93388306) April 16, 2026
When Everyone knows RSS is Not Registered & Does not Pay any Tax is it justified to spend Tax Payers Money on such Private event??@RSSorg… pic.twitter.com/dW4IUtdNCg
Bose questioned the expenditure in the post X, “when Everyone knows RSS is Not Registered & Does not Pay any Tax is it justified to spend Tax Payers Money on such Private event??”
Reacting to the development, Karnataka’s IT-BT and Panchayat Raj Minister Priyank Kharge also criticised the spending.
In a post on X, he asked why public money was being used for what he described as a “private ideological project” and questioned the government’s decision to fund advertisements related to the organisation’s centenary.
According to reports, the RSS, founded in 1925, describes itself as a volunteer-based organisation and has stated that it functions as a body of individuals rather than a registered entity.
