Cabinet expansion will be done after Gujarat elections: CM Bommai
Shivamogga: Chief Minister Basavaraj Bommai on Friday reportedly informed that the discussion on the state Cabinet expansion will take place after the Gujarat elections.
Responding to the media concerning the Cabinet expansion, Bommai said, “After the Gujarat elections, I will meet the Central leaders to discuss the Cabinet expansion and later update on the subject.”
Concerning the Maharashtra border dispute, the chief minister said, “We have already expressed our stance on the border issue. The dispute case is with the Supreme Court. We will firmly stand by the law. An all-party meeting will be called in this regard, where this matter will be discussed. Legal experts will also be consulted. Our arguments will be effectively presented.”
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
IMF approves USD 206 million emergency funding for cyclone-hit Sri Lanka's recovery
Colombo (PTI): The IMF has approved an emergency funding of USD 206 million under its rapid finance instrument to help Sri Lanka “address the urgent needs arising from the catastrophic Cyclone Ditwah and preserve macroeconomic stability”.
The cyclone caused widespread destruction in the island nation and left over 643 people dead.
In a statement issued on Friday, the Washington-based International Monetary Fund (IMF) said the disaster has created urgent humanitarian and reconstruction needs, generating significant fiscal pressures and balance-of-payments needs.
ALSO READ: PM arrives in Kolkata to unveil projects, address rally in Bengal''s Nadia
The emergency financial support provided by the IMF under the rapid finance instrument will help address these pressures, it said.
The IMF added that the cyclone devastation hit when the Fifth Review of Sri Lanka’s USD 2.9 billion bailout was nearing completion.
“Given the time needed to assess the economic impact of the cyclone and examine how an IMF-supported programme can best support Sri Lanka’s recovery and reconstruction efforts while preserving objectives and policy priorities, the Fifth Review has been deferred," it said.
"An IMF mission team will visit Sri Lanka in early 2026 to resume discussions,” it added.
The 48-month extended fund facility deal with the IMF in March 2023 carried hard reforms to Sri Lanka's welfare-based governance.
It was signed after Sri Lanka plunged into an unprecedented economic meltdown with its first-ever sovereign default.
Several hours before the IMF decision, the parliament here approved without a vote a supplementary estimate of LKR 500 billion, which the government said was required to restore the livelihoods of those affected by the disaster.
