Ranil Wickremesinghe elected new President of Sri Lanka; Demonstrators are demanding his resignation

Strong lessons from the Lanka crisis, the government says, bring up giveaways and the financial health of some states

There are “very strong” lessons to be learned from the turmoil in Sri Lanka, including lessons on fiscal prudence, good governance and abandoning a culture of giveaways, Foreign Minister S Jaishankar said at an all-party meeting held on Tuesday to discuss Lanka -Crisis.

Sri Lanka Army commandos walk past a damaged bus after it was set on fire by protesters in Colombo, Sri Lanka. (Reuters)

But a mention of the debt and budgetary positions of states like Telangana and Andhra Pradesh during a government presentation sparked vocal protests from opposition leaders, who called on the government to limit briefing and discussion of the Lanka crisis.

At the meeting, Jaishankar said India, as its immediate neighbor, is naturally concerned about the “very serious crisis” in the island nation. “The reason we took the initiative to ask you all to attend an all-party meeting was … this is a very serious crisis and what we are seeing in Sri Lanka is in many ways an unprecedented situation … Given the proximity Of course we’re worried about the consequences, the impact it’s having on us,” he said.

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