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Relief will be provided to public through fuel price revision: Energy Minister

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By: Isuru Parakrama

Colombo (LNW): Relief will be provided to the general public through a fuel price revision in April this year, said Power and Energy Minister Kanchana Wijesekara, speaking at a gathering in Minuwangoda yesterday (12).

The Minister added that the benefit of the strengthening of the Sri Lanka Rupee against the US Dollar will be conveyed to the public.

Accordingly, a price revision based on a fuel price formula will be carried out on the first day of every month, the Minister went on, adding that the government hopes to reduce the price of fuel in April, 2023.

Election Commission writes to President seeking funds for LG Polls

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By: Isuru Parakrama

Colombo (LNW): The Election Commission has made a written request from President Ranil Wickremesinghe in his capacity as the Minister of Finance to release the funds required for the holding of the Local Government Election.

The written request has been made based on the Finance Secretary’s response to previous requests that he cannot make a decision on the funds without the approval of the Minister of Finance due to the current ‘financial situation,’ Commission Chief Nimal Punchihewa said.

Reports emerged early claimed that a situation triggered by the non-availability of funds required for the ballot papers for the LG Polls had emerged making it impossible to conduct postal voting of the Polls on the newly declared dates (Mar. 28 – 31).

Police CI under probe over inappropriate questioning of mother accused of abandoning infant

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By: Isuru Parakrama

Colombo (LNW): The Chief Inspector of the Bandarawela Police Station is under a probe over the manner in which he handled the case of a woman who was arrested for allegedly abandoning her infant in a train at the Colombo Fort Railway Station.

Strong concerns were raised over the Bandarawela Chief Inspector’s inappropriate questioning of the mother by welcoming the media into the police station and having her questioned in front of the camera, making her uncomfortable, and letting the scene go public.

Accordingly, the Police Special Investigative Division is carrying out a probe into the CI’s conduct on the orders of the Inspector General of Police (IGP), a statement by the Police Media Division said.

The CI in question will be investigated for the manner in which the suspect was arrested, interrogated and made uncomfortable by disregarding the nature of the investigation, and disregarding the circulars issued by the IGP on cases related to women and children.

Sri Lanka Original Narrative Summary: 13/03

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  1. The Election Commission writes to President Ranil Wickremesinghe in his capacity as the Minister of Finance requesting the funds for the holding of the LG Polls: Commission Chief Nimal Punchihewa says the request is made based on the Finance Secretary’s response to previous requests that he cannot make a decision on the funds without the approval of the Finance Minister due to the current ‘financial situation.’
  2. Senior Adviser to the President on National Security and Chief of the Presidential Staff Sagala Ratnayake launches a programme aimed at reducing the environmental damage caused to the coast of Sri Lanka by the distressed MV X-Press Pearl vessel which caught fire two years ago: The programme is jointly implemented by the Marine Environment Protection Authority, Department of Coast Conservation, Ministry of Provincial Councils and Local Government, Central Environmental Authority, Environmental Police, Sri Lanka Navy, and Tudawe Brother Pvt. Ltd.
  3. Public Security Minister Tiran Alles decides not to appear before the HRCSL in connection with the Police measures to disperse recent protests, stating that the manner in which he was summoned is ‘not in compliance with any standard procedure.’
  4. Power and Energy Minister Kanchana Wijesekara says relief will be provided to the public through the fuel price revision in April; asserts the benefit of the strengthening of the Sri Lanka Rupee against the US Dollar will be passed on to the general public.
  5. Chief Inspector of the Bandarawela Police Station to be investigated over the inappropriate questioning of a mother, who was arrested for allegedly abandoning her infant in a train at the Colombo Fort Railway Station, in front of the media: Activists raised deep concerns over the Police’s conduct and the manner in which the media was handled.
  6. Former President Mahinda Rajapaksa attends the Sri Lanka Podujana Peramuna District Authority Board rally in Moneragala; says his party is never afraid of elections and the SLPP always served the rural areas: Event organised by ex Minister Shasheendra Rajapaksa.
  7. Luxury passenger ship ‘Princess Cruise’ docks at the Colombo, with nearly 2,000 passengers aboard mainly from the US, the fourth luxury cruise with in around three months from the arrival of the previous cruise liner in the island in November 2022, signalling the revival of the country’s hospitality industry.
  8. Insight published by Verité Research highlights economic management in Sri Lanka suffers from a lack of compliance – by the bureaucracy and by the Parliament – to the existing laws and rules of the country, and this has been the case for at least 20 years; says despite the government’s proposed new laws on stronger public finance management, it lacks the ability to flout them with impunity, and/or change them as they become a constraint to irresponsible decision making.
  9. SLTDA provisional data show Sri Lanka welcomed 31,086 visitors during the first eight days of March, 2023, boosting the confidence of the tourism industry: A total of 241,270 visitors have arrived in Sri Lanka so far: Tourism Minister Harin Fernando says Sri Lanka is “not a bucket list country, but a destination that is impossible not to love”; asserts the country has overcome the difficulties and has returned to normalcy.
  10. Attorney-at-Law Yohan Ariyawansa of the Samagi Young Lawyers’ Movement says State Water Supply Minister Sanath Nishantha can be imprisoned up to two years under Section 263 of the Penal Code for acknowledging on Facebook that contaminated water from Beira Lake was ‘deliberately used’ to disperse the February 26 protest march organised by the National People’s Power: Section 263 states “Whoever maliciously does any act which is, and which he knows or has reason to believe to be, likely to spread the infection of any disease dangerous to life, shall be punished with imprisonment of either description for a term which may extend to two years, or with fine, or with both.”

India is the country to follow in 2023

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By Erik Solheim

India will this year become the world’s most populous country. Economic growth is 7%, the highest of all major economies. It is likely that the country will soon change its name to Bharat.

India is the country to follow in 2023. The progress is impressive! When India became independent from the British, life expectancy was around 30. Now it is almost 70, and no one can be completely sure that India will not follow China, which just passed the United States in life expectancy.

At independence, only a tiny group of Indians could read and write. Now almost all of India’s many children start in school, although the quality is often insufficient.

At the head of this India is Prime Minister Narendra Modi. While our own Norwegian prime minister and most western leaders were in the 30s in an international poll about the popularity of leaders in their own country, 78% of Indians believed that Modi is doing a good or very good job. He is in a league of his own as the world’s most popular leader in his own country.

Of course, being popular is no guarantee that you always did the right thing. But in area after area, Modi is bringing India forward. If people feel that today is better than yesterday, they tend to support the political leadership.

Modi and his ruling BJP party were once a right-wing high-caste party for the urban middle class. They now pursue a left-wing economic policy and win massive majority among scheduled, low and middle castes in North India. The BJP totally dominates Indian politics and has replaced the Congress Party as
the core party of India.

Modi brings us a new narrative about India. He links Indian identity closely to Hinduism, to the stories of Shiva, Ram, Ganesh, and the vast panorama of Hindu gods. More and more Indians no longer speak of India, but of Bharat, the homeland. I’ll bet a meal of strong Indian food that in a few years India will
officially change its name to Bharat.

Modi rewrites Indian history. You won’t find many favorable stories about British colonialists or Muslim warlords who attacked India. He worships those who resisted, whether they were communists fighting the British or Hindus fighting Muslim invasions.

This new Indian identity has resounding echoes in the villages of northern India and in the many medium-sized cities. There are 140 cities in India larger than the Norwegian capital Oslo. Hindu temples across India buzz with life, often late into the night. Most Westerns church leaders can only dream of a similar popular power.

Modi’s new narrative about India is not as popular with urban secular intellectuals in Delhi or Mumbai. Nor does it appeal to India’s 200 million Muslims or 20 million Christians. This is of course not unproblematic since it can lead to conflicts between Hindus and Muslims. Tragically, 100 people have died in religious conflicts every year under Modi, but this number is not higher than during the Congress rule. It is important to put numbers in perspective. This corresponds to one person killed every three years in Norway. If we include the 22 July terrorist attack as Norwegian political violence, it will take India more than two hundred years to come UP to the level of Norwegian violence. From any global comparison the level of violence in India is low and a recent survey indicate it is is decreasing.

European political leaders can learn a lot from how Modi composes an appealing national story that workers, farmers, all those who do not feel they have received enough respect from the elite, feel at home in.

We in the West also have a lot to learn from his economic policies and green commitment. Modi systematically uses the state as an economic tool, much like South Korea did with thundering success a few decades ago. He launches government programs called “missions” for green hydrogen, production of solar panels, electric batteries, or green transport. The missions select some Indian companies that receive special support, while everyone is encouraged to invest green. The leading companies get easier access to the Prime Minister and other leaders. They may get better interest rates. Efforts are being made to cut bureaucracy and ensure simpler decision-making. The goal is sustained 7% green growth.

Modi’s popularity is due to the fact that he both creates and shares. A digital economy where the poor for the first time have real bank access through their cell phones makes it possible to do direct cash transfers. The amounts are not big, but if you are very poor, a few hundred or thousand rupees mean a lot. All hands went up when I visited Bhargawan village in Madhya Pradesh and asked if the tribal villagers had benefitted from the prime minister’s cash transfer. Direct cash transfer changes power relations. The poor do not have to stand in queues and beg from the richer or powerful. Middlemen cannot enriched themselves. The number of Indians receiving direct payments from the government has increased from 108 to 763 million under Modi. The International Monetary Fund says that India, like China, may be moving away from extreme poverty. People have responded by giving Modi major electoral victories, most recently in the states of Uttar Pradesh and Gujarat.

Modi also launches practical programs that help the very poorest. 100 million rural toilets and numerous village houses have been built. The money is given directly to the villagers who either build themselves or employ the village carpenter or bricklayer. You get the last payment when you can document through GPS coordinates that the facility exists. The program appeals particularly to women because safe toilets reduce sexual violence.

Through my many visits in recent years, I have experienced a growing self-awareness and pride in India. I often meet young people who say they want to do great things for their country, it’s been a while since I heard similar national pride among youth in Europe. Foreign Minister Jaishankar wins the hearts of many when, in his low-key way, he points out that it is the end of the era when “Europe’s problems are the world’s problems, while the world’s problems are not Europe’s problems”.

India is expected to compete with the United States to be the world’s second largest economy in 2050. We would do well to look to India in the years ahead.

BASL raises grave concern over Ruling Party MPs’ comments on Supreme Court ruling

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By: Isuru Parakrama

Colombo (LNW): The Bar Association of Sri Lanka (BASL) has raised grave concerns over the recent statements made by Ruling Party MP Premnath C. Dolawatte and State Minister of Finance Shehan Semasinghe in Parliament referring to an ongoing Supreme Court case pertaining to the Local Government Election, stating that they constitute an interference with the judicial process and undermine the independence of the judiciary in Sri Lanka.

In a statement dated March 11, 2023, the Executive Committee of the BASL emphasised that Dolawatte’s comment alleging that the Supreme Court’s interim order on the Fundamental Rights (FR) application bearing SCFR 69/2023 breaches Parliamentary Privilege and Semasinghe’s request to the Deputy Speaker to advise the relevant authorities ‘not to proceed and take any action’ on the said order until the Ruling Party MP’s sentiment is reviewed by the Parliamentary Committee on Privileges constitute an ‘interference with the judicial process and undermine the independence of the judiciary in Sri Lanka.’

“The independence of the judiciary is part of the intangible heritage of the people of Sri Lanka and all organs of the State must recognise that an independent judiciary is essential to ensure that justice be done between the citizen and the State and between citizens,” the statement said, urging the government “to learn from the lessons of history and to refrain from undermining the independence of the judiciary in Sri Lanka.”

Mechanised beach cleanup programme commences at Crow-Island beach, Mattakkuliya

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Colombo (LNW): Senior Adviser to the President on National Security and Chief of the Presidential Staff Sagala Ratnayake officially launched a programme today (12) aimed at reducing the environmental damage caused to the coast of Sri Lanka by the distressed X-Press Pearl vessel which caught fire.

The programme jointly implemented by the Marine Environment Protection Authority, Department of Coast Conservation, Ministry of Provincial Councils and Local Government, Central Environmental Authority, Environmental Police, Sri Lanka Navy, and Tudawe Brother Pvt. Ltd. also involves using machinery to remove the garbage from the affected coast, and the launch took place at Crow-Island beach in Mattakkuliya.

Expressing his views on this occasion, Ratnayake stressed that Sri Lanka attracts tourists because of its beautiful beaches, environment, and cultural heritage. Therefore, it is everyone’s responsibility to contribute to the tourism industry by protecting the coast as well as protecting the environment for the next generation, he emphasised.

Ratnayake added that intends to continue implementing this coastal conservation programme in a sustainable manner and that he anticipates receiving support from non-governmental organisations and resource persons in doing so.

The event was attended by Navy Commander Vice Admiral Priyantha Perera, Chairman of the Marine Environment Protection Authority Asela B. Rekawa, Chairman of the Clean Ocean Force Organisation Jerome Fernando, and other officials.

Sri Lanka business community sentiment on the economy under siege : Survey

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Sri Lanka business heads are looking at pros and cons in order to make sustainable business plans considering the economic situation under barricade, the latest edition of leading business magazine LMD observed.

Sri Lanka’s economic confidence was around the same levels in February 2023 as in October 2022, while government approval was also unchanged at a 10 percent, level, a survey has found.

A “Mood of the Nation” poll was conducted in early February 2023 by Verité Research, a Colombo-based think tank among a sample of 1,000 respondents found that economic confidence was a negative -78, the same as October 2022, when it recovered from June low.

In February 2023 0.3 percent had rated the economic conditions as excellent, 6.0 percent rated it as good; and 6.3 percent had rated it as getting better.

Sri Lanka’s external sector had stabilized by February 2023, with some prices falling absolutely, but taxes have been raised and utility prices are up. Manufacturing and retail is also under pressure

NielsenIQ’s Director – Consumer Insights Therica Miyanadeniya notes in the magazine: “The optimism that was evident towards the end of last year seems to be waning. Once again riding high as the most pressing national issue is the economy.

” LMD reports that a notable majority (77%) of executives responding to the unique LMD-NielsenIQ Business Confidence Index (BCI) monthly survey believe the economy “will get worse” in the 12 months ahead. The poll was carried out in the first week of February, a spokesperson for LMD claimed

The magazine states: “The outcome of the February poll is a reflection of what Miyanadeniya alludes to, as this degree of pessimism was expressed by only two-thirds of those who spoke to the pollsters in the preceding month.”

“It is also the highest point of economic pessimism in the last six months,” it adds. LMD also reports that “pessimism continues to be the overarching disposition in business circles,” as regards expectations regarding sales volumes in the 12 months ahead with 46% of poll respondents fearing the numbers will “get worse”

“Executive opinion in regard to sales volumes compared to the same time last year has also waned considerably with a mere 12% saying they have recorded higher numbers. And more than two-thirds (68%) now say their numbers have fallen, compared to 56% a month ago.

Media Services, LMD’s publisher, says the latest edition of the magazine has been released. Its digital edition is also available on WhatsApp and the publisher’s social media platforms.

The magazine’s Cover Story features interviews with six leading business people representing the export sector with the forex crunch at the centre of LMD’s focus.

SL’s creditors to enter consensus on common framework to get IMF EFF

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Sri Lanka is set to secure financing support from the IMF after the fund’s Executive Board fixed a date of 20 March to review the US$2.9 billion staff-level agreement that the country signed with the IMF in September 2022.

IMF funding should improve Sri Lanka’s external liquidity, but the timing of any debt restructuring agreement with official and private creditors remains uncertain.

The announcement of a date for the Executive Board review was an indication that the IMF regards the financing assurances it has received from key official creditors as sufficiently credible to move forward, finance ministry sources revealed.

Sri Lanka’s president Ranil Wickremasinghe on 7 March indicated that China had provided its support, following earlier assurances from India and Paris Club official creditors.

The president also indicated that Sri Lanka had completed all prior actions required under the IMF programme, although the IMF Board will make its own assessment on this in deciding whether to approve the package.

Board approval of the programme would release IMF funding and should unlock additional financing from multilateral creditors.

This would bolster official foreign-exchange reserves, which have already risen 30% from their trough in October 2022. Nonetheless, reserves remain very low, at US$2.2 billion in February, equivalent to around one month of imports.

Two groups of private creditors are now ready to hold international sovereign bond (ISB) debt restructuring negotiations with Sri Lankan authorities, as the Finance Ministry and the Central Bank have almost completed their debt treatment discussions with bilateral creditors.

Although the total government external debt amounts to US$ 36.73 billion as at end of 2022, only bilateral debt is considered at present for the debt restructuring process to obtain the $2.9 billion International Monetary Fund (IMF) Extended Fund Facility.

The IMF called for ‘timely and orderly processes’ under a common framework with regards to Sri Lanka’s debt resolution. The island nation faced a severe economic crisis which resulted in high debt.

Sri Lanka has already fulfilled filled around 15 commitments made to IMF and put forward a debt treatment from work with proposal of immediately restructuring bilateral debt of US, India ,China ,Japan,and Paris club member and non member countries amounting to US$10.81 billion to gain $2.9 billion IMF bail out loan soon.

A group of overseas private creditors announced recently that it is ready to hold complex debt restructuring talks with Sri Lanka consistent with the IMF programme, Finance ministry sources said.

The total ISB debt stock with arrears as at end of 2022 was $14.286 billion with different maturity periods and varied interest rates, the Ministry’s latest data shows.

It was categorized as commercial debt and most of ISB’s maturity periods will fall on 2024, 2025, 2026, 2027, 2028 and 2029. Each and every ISB has different dates of maturity and varied interest rates.

The only issue at hand is the repayment of $1.25 billion ISB on April 18 this year. The government is servicing other multilateral loans including from the World Bank and ADB amounting to $9.499 billion.

Sri Lanka’s private bondholders have told the IMF that they are prepared to negotiate with Sri Lankan authorities in debt restructuring talks consistent with the parameters of the global lender’s programme.

Powerful civil activist to be appointed as SLPP Chairman?

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Colombo (LNW): The Sri Lanka Podujana Peramuna (SLPP) has reportedly paid its attention on appointing a powerful activist from the civil society, who is not a politician, as the Party Chairman.

Party Secretary General MP Sagara Kariyawasam said the demand to appoint a person of such nature as the SLPP Chief is high.

More names have appeared for the post, and the appointment may take place soon, he added.