MPs urged to defeat move to conduct Law College exams only in English medium

March 20th, 2023

By Shamindra Ferdinando Courtesy The Island

Ali Sabry responds to accusations

Opposition MP Gevindu Cumaratunga yesterday (19) alleged that the Wickremesinghe-Rajapaksa government was going ahead with a project launched by former Justice Minister Ali Sabry with the backing of President Gotabaya Rajapaksa to conduct Law College examinations only in the English medium, much to the disadvantage of Sinhala and Tamil students.

Addressing the media at Sri Sambuddhathwa Jayanthi Mandiraya at Thunmulla, the leader of civil society group Yuthukama urged all political parties, regardless of whatever differences, to vote against extraordinary gazette notification of 2020 Dec 30 No 22018/13 to be submitted to Parliament by Sabry’s successor, Dr. Wijeyadasa Rajapakse, PC, tomorrow (21).

The SLPP National List MP said that those who represented the interests of the South, the North as well as the Upcountry could reach a consensus on the issue at hand quite easily.

Responding to The Island query, lawmaker Cumaratunga said that Uththara Lanka Sabhagaya, consisting of a section of rebel SLPP MPs, backed the campaign to protect the language rights of Sinhala and Tamil communities. The first-time entrant to Parliament said that MPs with a conscience couldn’t back this move, under any circumstances, whichever the party they represented.

At the onset of the media briefing, MP Cumaratunga said that the denial of language rights of current and future students was a grave violation of the Constitution-Article 12 and Article 18. In terms of Article 12, no one should be discriminated against on the basis of language whereas Article 18 recognized Sinhala and Tamil as National Languages with English being the linking language.

Alleging that the previous Gotabaya Rajapaksa goverenment planned to implement the controversial law even without securing parliamentary approval, lawmaker Cumaratunga appreciated Minister Wijeyadasa Rajapakse’s decision to place it before parliament.

The civil society activist said that this despicable move should be examined against the backdrop of growing external interventions as the country struggled to cope up with the developing political-economic-social crisis. The passage of the new law could cause further deterioration of parliament, MP Cumaratunga said, adding that the House faced a serious credibility issue.

How could elected MPs whichever party they represented back a move that directly affected the concerned communities,”? Lawmaker Cumaratunga asked.

Referring to a recent call by the Justice Minister to discuss the issue at hand, MP Cumaratunga said that among those present on the occasion were Attorney General Sanjay Rajaratnam, PC, and Dr. Athula Pathinayake, Principal of Law College. Those who opposed this move asked Dr. Athula Pathinayake what he really intended to achieve by conducting Law College examinations in English, only. However, the Law College Principal failed to provide a plausible response,” the MP said.

Responding to strong criticism of their stand, MP Cumaratunga stressed that the importance of English as a language couldn’t be underestimated. But, ongoing efforts to promote English shouldn’t be at the expense of Sinhala and Tamil, MP Cumaratunga said, questioning lawmakers’ right to deprive Sinhala and Tamil communities of basic rights.

Ratnapura District SLPP MP Gamini Waleboda said that an influential section of the Bar Association of Sri Lanka (BASL) was behind this move. In a note dated March 17, addressed to all members of parliament urged them to defeat the contemptible move.

Lawmaker Waleboda said that there was no prohibition for those who wanted to sit law examinations in English. There was absolutely no issue over that but the bid to deny the language rights of those who wanted to sit examinations in Sinhala and Tamil was not acceptable under any circumstances. According to him, the BASL hadn’t consulted its membership regarding this move.

MP Cumaratunga also questioned the failure on the part of the apex court to make available to Parliament its interpretations in Sinhala. The Supreme Court continues to provide such clarifications in English only.

Responding to MP Cumaratunga’s allegation that he with the backing of the then President Gotabaya Rajapaksa resorted to action to make English compulsory for those studying at the Law College, incumbent Foreign Minister Sabry said: That’s not correct. It is the council of legal education which formulates regulations.  The council consists of CJ, two senior SC judges, AG, SG, Secretary Justice and six senior lawyers of vast knowledge and experience.

 In terms of the constitution all higher education institutions can decide the language of studies and education. That’s how medical faculty, engineering faculty, IT faculty and management faculty conduct studies in English. Already Peradeniya and Jaffna universities do legal studies in English. It is good to do it, that’s how they become competitive. Even in India all legal faculties are in English.

The President’s Counsel alleged that the kith and kin of certain people articulating this position received their education in English. The minister questioned why politicians get involved in this issue if the council of legal education made the relevant suggestion.

‘Spoken English’ in all National Schools from March 30: Minister

March 20th, 2023

Courtesy The Daily Mirror

Considering the specialty and importance of the English language, the Education Ministry has decided to teach ‘Spoken English’ in all national schools, starting from grade one from March 30.

Addressing an event at the Colombo University yesterday, Minister Susil Premajayantha said necessary updates will be made to bring all school syllabuses from Grades 6–9 and 10–13 to an international level. A pilot project in this regard will be started next month.

He also said that the ministry is planning to teach the subject of artificial intelligence along with information technology. The necessary course development and resource planning are currently being done, the minister said.

The minister further said that the ministry is working to overcome the challenge of meeting the global sustainable development goals related to the education sector by 2030. (Chaturanga Pradeep Samarawickrama)

Sri Lankans happier this year than last year, World Happiness Report finds

March 20th, 2023

Courtesy The Daily Mirror

Finland has been voted the happiest place in the world for the sixth consecutive year while Sri Lanka was ranked 112th, according to the World Happiness Report 2023 released on Monday.

Sri Lanka’s position has improved from the 2022 index where it was ranked 127th.

In order to uncover the happiest spots around the globe, researchers analysed six key factors: social support, income, health, freedom, generosity, and absence of corruption. Despite several overlapping crises, the study found that global life satisfaction is just as high as those in pre-pandemic years.

With thousands of lakes and near endless forests, the Nordic nation of Finland is known for its extensive welfare system, high trust in authorities and low levels of inequality among its 5.5 million inhabitants.

While Ukraine’s ranking improved from 98 to 92 this year, despite the Russian invasion, its overall score fell from 5.084 to 5.071, on a scale of zero to 10.

Professor Jan-Emmanuel De Neve, an editor of the report, said there had been an “extraordinary rise in fellow feeling across Ukraine” despite what the report called a “magnitude of suffering and damage in Ukraine” since the 2022 invasion.

Last year “benevolence grew sharply in Ukraine but fell in Russia,” the report found, referring to acts like helping strangers or making donations.

The report also cited a “much stronger sense of common purpose, benevolence and trust in Ukrainian leadership” than after Russia annexed Crimea in 2014.

Northern Europe once again dominated the top spots — with Denmark in second place followed by Iceland. Israel occupied fourth position, up five spots from last year.

War-scarred Afghanistan, which has occupied the bottom spot on the table since 2020, saw its humanitarian crisis deepen since the Taliban government took power in 2021 following the US-led military pullout.

The World Happiness Report, first published in 2012, is based on people’s own assessment of their happiness, as well as economic and social data.

In the index, neighbouring  India ranked 126th and Pakistan ranked 108th. (Darshana Sanjeewa Balasuriya

Sri Lanka should stay committed to the multi-pronged disinflation strategy – IMF Managing Director

March 20th, 2023

Courtesy The Daily Mirror

Following the Executive Board discussion on Sri Lanka, IMF Managing Director Kristalina Georgieva said that Sri Lanka should stay committed to the multi-pronged disinflation strategy to safeguard the credibility of its inflation targeting regime.

Sri Lanka has been facing tremendous economic and social challenges with a severe recession amid high inflation, depleted reserves, an unsustainable public debt, and heightened financial sector vulnerabilities. Institutions and governance frameworks require deep reforms. For Sri Lanka to overcome the crisis, swift and timely implementation of the EFF-supported program with strong ownership for the reforms is critical.”

Ambitious revenue-based fiscal consolidation is necessary for restoring fiscal and debt sustainability while protecting the poor and vulnerable. In this regard, the momentum of ongoing progressive tax reforms should be maintained, and social safety nets should be strengthened and better targeted to the poor. For the fiscal adjustments to be successful, sustained fiscal institutional reforms on tax administration, public financial and expenditure management, and energy pricing are critical.”

Having obtained specific and credible financing assurances from major official bilateral creditors, it is now important for the authorities and creditors make swift progress towards restoring debt sustainability consistent with the IMF-supported program. The authorities’ commitments to transparently achieve a debt resolution, consistent with the program parameters and equitable burden sharing among creditors in a timely fashion, are welcome.”

Sri Lanka should stay committed to the multi-pronged disinflation strategy to safeguard the credibility of its inflation targeting regime. As the market regains confidence, the authorities’ recent introduction of greater exchange rate flexibility will help to rebuild the reserve buffer.”

Maintaining a sound and adequately capitalized banking system is important. Implementing a bank recapitalization plan and strengthening financial supervision and crisis management framework are crucial to ensure financial sector stability.”

The ongoing efforts to tackle corruption should continue, including revamping anti-corruption legislation. A more comprehensive anti-corruption reform agenda should be guided by the ongoing IMF governance diagnostic mission that conducts an assessment of Sri Lanka’s anti-corruption and governance framework. The authorities should step up growth-enhancing structural reforms with technical assistance support from development partners,” she said in a statement.

Sri Lanka receives IMF Executive Board approval for USD 2.9 bn bailout package

March 20th, 2023

Courtesy Adaderana

The Executive Board of the International Monetary Fund (IMF) has approved the Extended Fund Facility to Sri Lanka at its board meeting held today, according to State Minister of Finance Shehan Semasinghe. 

He further said that President Ranil Wickremesinghe will make a special statement on this tomorrow (21).

The International Monetary Fund (IMF) has announced that the IMF Executive Board approved Sri Lanka’s program under the Extended Fund Facility (EFF), the President’s Media Division also confirmed. 

The program will allow Sri Lanka to access financing of up to US$ 7 billion from the IMF, International Financial Institutions (IFIs) and multilateral organizations.

This is a historic milestone for the country as the Government seeks to restore macroeconomic stability and achieve debt sustainability, the PMD reported.

Earlier this month, Sri Lanka received IMF-compatible financing assurances from its official creditors, including Paris Club members, India and China, allowing the IMF to convene an Executive Board and consider Sri Lanka’s request for a loan. 

The program is expected to provide much-needed policy space to drive the economy out of the unprecedented challenges and instill confidence amongst all the stakeholders.

Sri Lanka reached a Staff-Level Agreement with the IMF on a four-year program supported by the Extended Fund Facility on 1st September 2022. The program, amounting to US$ 3bn, is expected to restore macroeconomic stability and debt sustainability while protecting vulnerable groups and safeguarding Sri Lanka’s financial system. 

Since September, the Government of Sri Lanka has held official creditor meetings to update stakeholders on the country’s reform agenda and share information transparently as well as engaging with commercial creditors. 

Following the IMF Executive Board approval, the disbursement of the first tranche under this program is expected to take place in the coming days.

President Ranil Wickremesinghe has welcomed the announcement:

In the 75 years of Sri Lanka’s independence, there has never been a more critical period for our economic future. Our official creditors have declared their support following continuous and positive engagements over the last few months, and we are pleased that the IMF Executive Board approved our program, enabling Sri Lanka to access up to US$ 7 billion in funding from the IMF and IFIs. From the very start, we committed to full transparency in all our discussions with financial institutions and with our creditors. I express my gratitude to the IMF and our international partners for their support as we look to get the economy back on track for the long term through prudent fiscal management and our ambitious reform agenda.

Since taking office last July, it has been my priority to stabilize Sri Lanka’s economy and achieve sustainable levels of debt. To do so, we have taken some tough decisions, but we did so with a commitment to widening our social safety nets, protecting the vulnerable, rooting out corruption and ensuring we can grow an inclusive and internationally attractive economy. The IMF program is critical to achieving this vision for our country, and we are committed to successfully completing the IMF program and achieving debt sustainability. We will continue to engage with all our creditors, and I encourage both our bilateral and commercial creditors to strengthen and foster coordination in the context of our forthcoming engagement. The IMF program will also be imperative to improving Sri Lanka’s standing in and access to international capital markets, and it will demonstrate that Sri Lanka is once again a country attractive to talent, investors and tourists.”

Cabinet authorizes to sign required documents as soon as Sri Lanka receives IMF approval

March 20th, 2023

Courtesy Adaderana

The Cabinet of Ministers has authorized the Finance Ministry Secretary or the Treasury’s Deputy Secretary to sign the Promissory Notes and other required documents as soon as Sri Lanka receives the IMF-supported Extended Fund Facility (EFF) approval from the IMF Executive Board.

The decision was taken during the Cabinet meeting held this evening (20), according to Cabinet Spokesman and Minister Bandula Gunawardene. 

Sri Lanka is expected to receive final approval for about $2.9 billion bailout from the International Monetary Fund (IMF) on Monday, a key step for the bankrupt nation to revive its economy from the worst crisis in decades. 

The funds are crucial to restore stability and debt sustainability for an economy mired in a recession. Through 2022, shortages of essential goods from fuel to medicines loomed large, stoking Asia’s fastest inflation and depleting funds.

Since defaulting on its dollar debt in May, Sri Lanka has taken tough measures to put its economy back on a steadier path, including cutting subsidies, raising taxes and loosening its control on the currency. It also increased borrowing cost to the most since 2001. 

Sri Lanka also secured debt assurances from bilateral creditors including India, China and Paris Club nations and initiated good-faith negotiations with private bondholders as pre-requisites to getting the bailout.

Sri Lanka defaulted on its foreign debt in April 2022 as the country plunged into its worst economic crisis, running out of cash to finance even the most essential imports and causing massive social unrest.

Widespread protests over economic mismanagement, acute shortages of food, fuel and medicines, and runaway inflation forced President Ranil Wickremesinghe’s predecessor Gotabaya Rajapaksa to flee the country and resign in July.

The IMF’s executive board was expected to sign off on Colombo’s bailout application later on Monday after a long delay in securing financial assurances from China, Sri Lanka’s largest bilateral lender.

Beijing had said this year it was offering a two-year moratorium on its loans to Sri Lanka, but the concession fell short of IMF expectations for the sustainability of the island’s debt.

President Wickremesinghe had said after China agreed to restructure its loans that he expected the first tranche of the $2.9 billion IMF package would be made available within the month.

–With agencies inputs

Sri Lanka seeks 10-year debt moratorium ahead of IMF bailout

March 20th, 2023

Courtesy Adaderana

Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe’s office said on March 20, 2023 on the eve of a desperately needed $2.9 billion IMF bailout.

Mr. Wickremesinghe’s office quoted him as saying the widely expected International Monetary Fund (IMF) rescue will only give us a breathing space where they will say we are no longer bankrupt”.

All the money we have to repay this year, I hope we will be given at least 10 more years to repay it,” Mr. Wickremesinghe told a meeting of students in Colombo on Sunday.

He did not give details of his plans to restructure Sri Lanka’s $46 billion external debt.

Sri Lanka defaulted on its foreign debt in April 2022 as the country plunged into its worst economic crisis, running out of cash to finance even the most essential imports and causing massive social unrest.

Widespread protests over economic mismanagement, acute shortages of food, fuel and medicines, and runaway inflation forced Wickremesinghe’s predecessor Gotabaya Rajapaksa to flee the country and resign in July.

The IMF’s executive board was expected to sign off on Colombo’s bailout application later on Monday after a long delay in securing financial assurances from China, Sri Lanka’s largest bilateral lender.

Beijing had said this year it was offering a two-year moratorium on its loans to Sri Lanka, but the concession fell short of IMF expectations for the sustainability of the island’s debt.

Mr. Wickremesinghe had said after China agreed to restructure its loans that he expected the first tranche of the $2.9 billion IMF package would be made available within the month.

Officials involved in the negotiations said the terms of debt restructuring must be finalised and agreed by all parties before June, when the IMF was expected to review the bailout programme.

Sri Lanka will not be able to draw down the second tranche unless a debt restructuring plan is agreed with all creditors,” said one of the officials, who asked not to be identified.

Colombo is also banking on the IMF deal to unfreeze billions of dollars in foreign aid for projects suspended since Sri Lanka defaulted on its loans last year.

The government has already doubled taxes, increased energy tariffs threefold and slashed subsidies in an effort to meet the preconditions of the IMF bailout.

The austerity measures have sparked widespread protests and led to strikes that crippled the health and logistics sectors last week. Wickremesinghe has said he had no alternative but to go with an IMF programme.

Sri Lanka’s economy shrank by a record 7.8% last year as it grappled with its worst foreign exchange crisis since independence from Britain in 1948.

Source: AFP

–Agencies 

Cabinet approval for divestment of govt’s stake in SLT and Lanka Hospitals

March 20th, 2023

Courtesy Adaderana

The Secretary to the Treasury has informed the Board of Directors of Sri Lanka Telecom PLC (SLT) and Lanka Hospitals PLC that the Cabinet of Ministers has granted approval in principle for the divestment of the stakes held by the Treasury Secretary in the two companies. 

Accordingly, the Secretary to the Treasury has informed the Board of Directors of SLT and Lanka Hospitals that the Cabinet of Ministers has granted its approval in principle for the divestment of the stake held by the Treasury Secretary in the respective companies. 

The companies have announced that they have received the approval of the Cabinet of Ministers to sell the shares owned by the government in Sri Lanka Telecom PLC and Lanka Hospital PLC, which are two companies listed in the Colombo Stock Exchange (CSE), as per the policy decision of the government.

Notifying the Colombo Stock Exchange of this decision, Sri Lanka Telecom says that the divestiture will be implemented in the near future by the State-Owned Enterprise Restructuring Unit of established  under the Ministry of Finance, Economic Stabilization and National Policy, subject to following the due process. Meanwhile, Ceylon Hospital PLC has also issued an announcement stating the same.

The Treasury holds a 49.50% stake of the issued share capital of Sri Lanka Telecom PLC.

Meanwhile, a 51.34% stake of the share capital of Lanka Hospital PLC is held by the Sri Lanka Insurance Corporation, representing the Government of Sri Lanka.

CBSL warns general public over pyramid-type schemes in Sri Lanka

March 20th, 2023

Courtesy Adaderana

The Central Bank of Sri Lanka (CBSL) has requested the Attorney General to consider instituting criminal proceedings against three pyramid-type prohibited schemes operating in the country.

Accordingly, the CBSL has carried out investigations to ascertain whether the entities Fast 3Cycle International (Pvt) Ltd (F3C), Sport Chain App, Sports Chain ZS Society Sri Lanka and the OnmaxDT have violated the provisions of 83C of the Banking Act. 

In relation to the examination conducted, the CBSL has determined that the three relevant entities and Directors, Founders and Promoters of those entities have conducted prohibited schemes in contravention of the provisions of the said act.

The CBSL had further notified the general public regarding the matter, in a special notice published in local newspapers.

LAWS DELAYS, LAWYERS DELAYS, SYSTEM DELAYS OR JUDGES?

March 19th, 2023

Sarath Wijesinghe (President’s Counsel, LLM International Law London UCL, Solicitor in England and Wales former Ambassador to UAE and Israel and former Secretary Bar Association of Sri Lanka, President Ambassador’s Forum)

Justice Delayed is Justice denied

Justice delays is justice denied is the famous quotation by ‘’Lord William Gladstone’’ said on legal system –  indicating that this  old and worldwide issue that needs attention still in the main agenda in the modern society still prevails, timely and current.  Laws delays retards development, affects law and order, encourages crime while discouraging foreign investments and good will that needs for a country, Image of the nation is shattered, brings down doing well index, productivity is fallen with the loss of confidence of the citizen and the foreigners planning to invest, and generally affects foreign policy and the image of the country that needs in all respects in devilments and conduct in the family of nations on the globe. Laws, delays blocks all other cogs of the governance system in the hub of activity and productivity. Laws delays measure indicates the image and the standard of a country in the community of nations. Some countries have minimized the laws delays but many have not. Sri Lanka is not the only country that suffers from laws delays due to various reasons and interpretations given when other countries are aware of the issue and finding solutions, taking corrective measures. When legal system paralyzes the other parts of the system follow suit leading to a slow decay and a grinding halt of the system partially or completely in the end. Laws delays are rampant in Sri Lanka. It takes decades (15 to 25 years and sometimes more) to reach the rape murder and major crimes to the trial stage with the witness are dead or cannot be traced that are reported so often on the media. Civil cases are the same especially partition and many civil suits stagnate in Court of Appeal and Supreme Courts moving up and downward on appeals refusals ect with technicalities and complicated  appeals procedure. By the time  the trials on rape cases are taken up for trial the victims are matured  married and the evidence is shattered with the conducting police officers and government servants dead or cannot be traced on transfer and cannot be found and the victims may lose interest due to social impediments. Some civil cases delay for generations.

Take Law to your own hands

It may come to a stage when litigants prefer to resort to other means to resolve their disputes by themselves may be with the underworld , because litigation is so expensive, delayed ,unfair,  complicated  and time-consuming (mostly) proving the famous village adage that ‘’those who resort to litigation destroys themselves.’’ ‘’Nadu Yanno Wanasanno ‘’Civil and partition cases are the most time consuming that some partition cases are delayed up to 30 years or more   with litigants part with the rest of the property for legal expenditure which are true incidents. ‘’Vinodes’’ case in India of the murder of 5 year child took 22 years with 36 witnesses to testify. It is almost same in Sri Lanka. In UK the backlog of 63000 cases is still not resolved according to Law Society Gazette but they are improving fast using modern technology and methods. In Sri Lanka five family members were convicted of murder recently for the offence committed in 2009. Examples in Sri Lanka are numerous. When the cases of rape, juvenile, offence are taken up for trial, on children, girls are they may be married, abroad or the witnesses may be missing. 10 year child was molested and it took 11 years to reach the trial stage when the child is a matured person and the accused was missing. At times land civil cases take two to three decades to reach the trial stage thereby the citizen loose the trust on the court system and resort to take laws into their hands while loose trust on the legal system at all, increasing the crime rate as a result. Litigation in Sri Lanka is expensive and complicated in view of the complexity of the legal system which is a mixture of Roman Dutch, English, and personal laws in the complicated legal process expensive to handle. In UK there is one system of law to all including immigrants vociferous and in large numbers. This issue is discussed spoken with no permanent or proper solutions found yet. We must have a simple law for all understood by all, instead of depending on legal systems such as Penal Code introduced in 1800’s. Personnel laws to be streamlined including ‘’Thesawalami’’powerful and traditional personal law confined to Jafna.UK is keeping pace with the new trends when we still cling into the systems inherited by colonel masters. There is a functioning law committee of BASL and Law Reforms Committee supposed to be active but inert and inactive. Yet laws delays is rampant. These are not exaggerations which is experienced by 10% populating engaged in litigation today still increasing.

Alternate ways of resolution of cases

This is happening worldwide especially in  financial hubs that needs speedy justice such as Arbitration, Conciliation, and other ways of speedy resolutions of disputes, which are fast and less time-consuming tough and  expensive. Singapore, Japan, UK, EU have centres for alternate dispute resolutions. In UK, Europe and even in India small claims courts are available with less complicated procedure without lawyers for the litigants to handle own litigation is a different  friendly atmosphere, which is a successful process ideal to be followed in Sri Lanka too, with a proposition to upgrade mediation centres to small claim courts.

Pending with backlog of cases

There are around 750,000 unresolved cases in the Magistrate courts. With 3486 cases pending in the Supreme Courts,4817 cases pending in the Court of Appeal, 5870 in the civil appellate court, 16811 in High Courts, 167945 in District Courts, 200000 on pending mediation and in labour tribunals and arbitration trials, with 11 judges per one million. (Statistics are changing based on different research groups led by Ministry of Justice) Laws delays has an impact on the crime and disturbances in the society in losing the trust on the system which has an impact on the economy and the trade when traders are disturbed with no quick solution on the resolution of their disputes with the most expensive and complicated commercial High Court not accessible to the ordinary trader. It has a direct relevance and impact on increase of crime and prison congestion and unrest. Speedy resolution in litigation is a pre-condition and a pre requisite on foreign investments and investors who are disappointed with the system in Sri Lanka and the quality of the legal profession which includes judiciary on knowledge, competency and conduct which is a serious drawback on development and investment. Lawyers and legal system plays a pivotal role in development and business in other parts of the world expecting us to maintain high standards.

Competency and Honour of the Legal Professionals and Judges

 Are our lawyers, Judges  and legal system living up to expectations and on  international standards is a moot issue compared to standards maintained by small but developed countries such as Singapore, Hong Kong and some Caribbean counties engaged in international law and business with the world.  These are experienced by average citizen who will have no good word on the legal system, the general conduct and it is the duty of the profession and professionals to work on a programme to save the nation and the profession on adverse inferences which affect all. It is a pity that foreign legal firms engage in practice in Sri Lanka with the cover of juniors Sri Lankan lawyers in multibillion transactions involving billions and/or they carry on legal work online which Sri Lankan Lawyers must take serious notice of. It is to be noted that the competence dedication and knowledge is to be improved to the expected levels if not on international standards. Bar council in India has allowed entry of foreign lawyers which is a significant development to keep pace with the world trends with transparency and challenging which is a matter that Sri Lank should follow. UK and Sri Lanka had reciprocity on the court audience for the lawyers in both jurisdiction could practice with professional arrangements made. Sri Lankan Attorneys-at law could engage in legal practice in UK having obtained qualifications form the Law Society and permission from the Bar Council permission engage in legal practice as Barrister at law until Sri Lankan side unilaterally declined to proceed, which is a pity in deed and it is time to restore in the interest of the younger generation awaiting to see the world with new visions and education from international universities a matter that has to be looked into by the Minister of Justice.

Lawyers Law College Bar Association and the Ministry of Justice

These are main groups in dealing with laws delays and implications, and main institutions of justice to the benefit of the sociality for their grievances in resolution of dispute3s, for justice and fair play, in protecting the life and property of the citizen. Lawyers are a product of Law College- the only professional training institution in Sri Lanka managed by the Council of Legal education to produce lawyers in Sri Lanka and to train them for the professional training CLE headed by the Chief Justice and majority of Supreme Court Judges. Currently there are over 18000 lawyers in Sri Lanka The Law College is managed in which they obtain mandatory membership of the Bar Association which is the only main recognized association for lawyers, The Law College is administrated by the Council of Legal Education also headed by the Chief Justice, who are extremely busy and requiring academic excellence and international exposure.

Minister Ministry of Justice Attorney General and Legal Draftsman

Ministry of Justice is headed generally by a lawyer who will mastermind the conduct of the judicial system and administration who also plan and involve in appointments and strategies with the AGs Department, Judiciary, Legal Draftsman, Court and Office (court offices only and not ‘courts’ or judges ) administration countrywide with the general impression of one of the most corrupt among Motor Traffic, Customs, Passport/ID and similar institutions with a reputation of institution of questionable nature which is only applicable to the corrupt lot  leaving  aside the honest officers. Reputation power and conduct of Minister of Justice depends on his personality and management skills of the process in delivery of justice to the citizen by the concerned parties in the process the Minister is playing a key role, in delivery of justice to the citizen offering a fair independent and effective system of justice. Generally the minister of justice has traditionally been an inactive and inert institution in the past until Hon;felix Dias Bandaraneika’s introduction of the Administration of Justice Law act 44 of 1974 was enacted to  help the poor and needy litigants with drastic reforms on a mixture USA and many models  including serving summons using modern technology, and many other steps to make the system simple, affordable and safe and to encourage personal representation in litigation, encouraging  mediation, and reconciliation, A powerful group of lawyers led by Mr H W  Jayawrdena QC, protested against the law reforms and the act was scrapped from the change of government then. People did not understand the admirable attempts made on legal reforms, by increasing the number of judges, introducing drastic changes in modernizing and innovative changes proposed by him (Felix) who became immensely unpopular among the legal fraternity died an unhappy person after a brief illness as a cancer patient- a great man with a vision and intellect  indeed- Attorney-General who is an institution as the advisor to the state plays a pivotal role in representing and advising the state in all matters, whilst expected to be fair and impartial. Legal draftsman holds an important position in drafting and mauling legislation to be submitted to the lawmakers.

Trends of modernization of the legal system

Trends and conduct of young lawyers have been encouraging with the modern BASL trends. Rajive Amarasuriys the past Secretary has conducted a record number of webinars on varied subjects which is credible. Past President and an able law teacher controversial Saliya Peris PC – yet concentrated more towards social reforms than legal reforms, has been for moderation trends, and the legal profession expects lot more from the current pair Isuru Balapathab and (Secretary) and Kaushliya Nawaratna President elect) to be more proactive and modern who appears to be more balanced and professional to lead the professional during the new era. The writer has been once the General Secretary of BASL and Administer Legal Aid Commission acknowledges the assistance given to him during his tenure of office on the initiation and expanding the fundamental rights Jurisdiction to what it is today, with many steps such as life membership, diary which is a pocket book for all professionals, initiation of law reports are pleasant memories. There are good trends on digitalization, yet introduction of transferring files via email, what Sapp, hearing cases zoom, are to be encouraged and introduced with the world trends to attract international players.

Judiciary and Legal Aid on administration of justice aiming at prevention of laws delays

By passing arbitrary judgements does a man become wise? A wise man is one who investigate both right and wrong ‘’Dhammapada ‘’

Judges are a main component of the system of administration of justice acting as umpires in the adversarial system we follow in Sri Lana as any other commonwealth nation. Today judges are well-paid remunerated and protected and they are protected unlike few years ago when they were not looked after so well.  They are politically insulated who are responsible for ultimate decisions on life and property and protection of personal and property rights and rights of the citizen with highest expectations of justice and fair play. They must be temperamentally suited with judicial temperament for the responsibility thrust on them living glass boxes scrutinized by the public for independence. Some judicial officials especially in the minor judiciary are unsuited to be a judge in when they are mentally and temporarily does not deliver justice fairly and carefully. Sadly we receive bad news on judiciary and lawyer on their conduct which is worrying in deed. It is necessary for judges to go through a rigorous training period as in other countries. Whether it is happening is a moot issue. Knowledge and competency of the higher judiciary should be revived considering the judgments they deliver and reluctance on promptly effectively and properly. Legal aid is not a favour but  a human right as in UK , where the citizen is entitled to a fair hearing for a reasonable/affordable fee and expenditure for which legal aid is given in the advanced society with an advance system of legal aid available in the UK and commonwealth jurisdictions where a similar system is inherited to Sri Lanka modified to  function as the legal aid commission jointly managed by the Judiciary, Bar Association and the Ministry of Justice for the delivery of justice at an affordable price. One of the main reasons of laws delays is the cost and complexity of litigation and combination of legal systems such as Roman Dutch Law, traditions personal laws, English law and international/traditional law and conventions and it is the duty of the BASL and the profession to find ways to make law simple for the common man and assist the legal aid system scheme as in UK where eligible litigant is entitled to legally up to the services of the QC. In the adversely system the judge acts as an umpire when the parties to litigation make representation on behalf of clients which is expensive when the litigant is expected not to have a sound knowledge of law. Therefore our system there should be changes for the judge to intervene as in a civil system where Judge takes a main role also encouraging mediation and settlements with system of prehearing where the cases in UK are settle date at the door step (idiomatic meaning) by lawyers who act strictly professionally to assist expedition disposition which helps them and the reputation of the profession. In Sri Lanka sometimes Judges are mere umpires when at times we are blessed with top judges. In expeditious disposition of cases the judge’s involvement/leadership is paramount so that some judges resolve cases with ease reasonably and family. Judge play a main role in delivery of justice and prevent laws delays. Some judges are smart and fast but if they have a common approach with targets by the Judicial Service Commission to supervise judges with guidelines the results will be overwhelming.

Way forward in providing delivery of speedy justice to the citizen – the need of the hour

Laws delays is a pain on the citizen awaiting a peaceful and conformable life due to no fault of himself, where many external factors are responsible for the agony. Lawyers should be educated, committed , concerned on the community  and abide by the rules and customs on practice and procedure,  Judges should be fair educated human beings act professionally with judicial temperament, Legal system should be clear and understood to all equally as the citizen is presumed to possess knowledge of law and procedure, The court system and the staff is to be efficient and free from bribery and corruption, there should be speedy disposition of cases provided at an affordable expenses and free legal aid for these cannot afford to. Confidence and trust on the Judiciary legal profession and the court structure is paramount and the system including supporting institutions on reports, information, need to be provided at the time for the inquiring process. Are lawyers and their conduct a part of the problem? Partially yes! It is time for them to realise the expeditious disposition will help them the profession and the nation in the long run! In order to gain the trust and confidence of investors expecting and efficient legal system in the host country. Improving language and IT skills of the professionals is also of great importance in the process. The system should run smoothly with the documents, reports and the support and cooperation of the staff and statutory bodies. The Ministry of Justice is acting a pivotal role as the provider of services and decision maker in appointments   policy making decisions and the success depends on the understanding and commitment of all parties who should act together for the betterment of the society they are blessed with.  Legal profession has the main responsibility, being the profession providing the judiciary, and Attorney General primarily lawyers pledge to serve the society in safe guarding human rights, properly delivery of legal service and acting as officer of courts assisting the judiciary. Laws delays affects every citizen and it must be checked and curtailed in the interest of the nation at large, a joint exercise by the legal profession, Judiciary, Ministry and the community civil society and greater community.

Sarath7@hotmail.co.uk/sarathdw28@gmail.com/009477780166/FB /sarathwijesinghe

The economy During Kurunegala was the Capital.

March 19th, 2023

By Dr Tilak S. Fernando

Historians will not consider Kurunegala as a particular era during the Sinhala Kingdoms because four to five kings reigned during this era. It is not recognisable to identify as a historical period. 

According to ‘Dalada Pujawaliya’ during the Kurunegala era, approximately one hundred per cent of the government’s income from ships was directed to the sacred temple where Buddha’s tooth relic is housed. The income from the ships aided Sinhala kings in maintaining the country as a leading source of income along with trade.

The Aryans who came to Sri Lanka dealt with agriculture and raised paddy farming to an excellent level up to the twelfth century. Whilst the water was obtained through irrigation systems during that epoch, through lakes and ponds, the people managed to do paddy farming in the North and Southeast. A decline in crops caused a colossal drop in production ultimately.

There was no reason for kings to abandon fertile places and come to places like the Dhambadenya and Kurunegla area, which is highly populated. Historians believe it was because of the geographical set-up, climatic changes, foreign invasions and nature. Mahavamsa does not show any annexation of Dambadeniya with Kurunegala, but it mentions that after the demise of Parakramabahu III, Buwanekabahu’s son held the throne.

During the Kurunegala epoch, the King’s primary income consisted of the agricultural produce that farmers contributed to the King. King’s second income was from precious stones such as pearls and various types of precious gems ranging from blue diamonds, moonstones and Pishparaga”. The King’s second income came from the penalty courts served on King’s subjects known as the Marala Badda”.

Those who did the King favours were given several plots of land by the King, known as Prvaniya or Dival. Also, Royal servants who conformed to the king’s problems and went to distant places received several properties distributed by kings known as Prvaveniya” or Divel”. Historical records also mentioned that government servants who travelled up to faraway places did not incur any expenses to the royalty, who went on official duties and were allowed to reside in such schemes, thereby incurring no extra costs because they were permitted to live in such properties.

Parakramabahu IV donated an ashram to Buddhist priests. He planted Paranagama king coconut, breadfruit, and fruit trees, such as morawaka, to assist the ashram. The King commanded that folks trained for military purposes should work free of charge for the nation’s sake on behalf King’s behalf, but payment had to be made only for regular soldiers. During this period and a substantial amount of wealth King Parakramabahu II spent on religious activities. Parakramabahu II had given alms to one to one thousand Buddhist priests, whilst Pandit Parakramabahu IV built a three-level building and performed every aspect of religious observations.

During Parakramabahu IV’s reign, past battles with ‘Soli’s reign in India were exposed. Still, the King brought several languages professors, translated them into Sinhala from the Pali language, and distributed them throughout Ceylon.

During Dambadeniya’s reign, it is recorded in the folk tales that many people visited on pilgrimage to see the scared Dalada by using elephants, horses, cattle etc. And many rich people thinking was that it would give rise to many accidents. These people would have been the officials or officers who were the favourites of the kingdom.

The country’s economy was greatly influenced by internal trade and exports. During this aeon, undoubtedly, Muslims were prominent tradesmen. It also proves that Roman coins were found in four dams made of Alexdarian metal by kings Niro and Westphalian, with evidence of trade agreements with Rome. It differs from the country’s economy during the Anuradhapura and Polonnaruwa era. However, there was evidence to prove how kings and the people were very pious. There was no foreign invasion during the Kurunegala epoch, as per   Mahavamsa.

tilakfernando@gmail.com

Courtesy: The writer translated to English from the text of the late Prasad Milinda Siriwardena, Ceylon Economic Analysis  between BC 543 to 1832

India’s help to Bangladesh in meeting its energy needs

March 19th, 2023

Sufian Siddique Independent researcher and freelance columnist, Dhaka

Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina inaugurated a 131.5-kilometre-long India-Bangladesh Friendship Pipeline (IBFPL) from Siliguri in North Bengal to Parbatipur in Banglaesh’s Dinajpur province Saturday (18 March).

The pipeline, built with Rs 377 crore drawn from a line of credit offered by India to Bangladesh, will carry one million tonnes of high-speed diesel from Numaligarh refinery in Assam to Bangladesh Petroleum Corporation’s Parbatipur depot.

The ground-breaking ceremony for the pipeline, which starts from Numaligarh refinery’s marketing terminal in Siliguri and enters Bangladesh through the Banglabandha border post, was held in September 2018.

The pipeline will go a long way in meeting Bangladesh’s burgeoning energy needs. Apart from meeting Bangladesh’s acute energy needs, India’s help to its eastern neighbour is also aimed at strengthening ties with all neighbors furthermore. it will usher a new era of bilateral energy cooperation. Not only that, through Bangladesh, it can achieve its untapped opportunities from the northeastern region. So, both Bangladesh and India came forward to enhance their energy security based on reciprocity and enhance South Asian regional cooperation.

The pipeline will go a long way in meeting Bangladesh’s burgeoning energy needs. The new pipeline is another milestone in Indo-Bangla ties.  Bangladesh’s rapid development is fuelling its hunger for more power. We are very happy that India is meeting this demand not only through this pipeline, but also other projects like the Maitree Super Thermal Power Plant and supply of power from the Godda thermal power plant in Jharkhand.

Bangladesh faces a major energy crisis that threatens to hobble its growth. Long power cuts are common even in capital Dhaka, and this has stunted production in key export industries, especially the ready-made garments sector that accounts for nearly 85 per cent of the country’s exports.

In early October last year, Bangladesh suffered a grid failure that left nearly 80 per cent of the country without power. Due to daily power outages, many industrial units in Bangladesh reported a fall in production by up to 50 per cent last year, thus affecting the country’s export earnings.

The energy crisis in Bangladesh, which is an energy-deficit country, was intensified by the conflict between Russia and Ukraine, and the consequent exponential increase in oil and gas prices. This compelled Bangladesh to stop purchase of gas and shut down several diesel-run power plants.

In the near future, Bangladesh needs to transition from conventional energy sources to ensure its energy security and long-term sustainability. Following the Ukraine crisis, energy security has become a major concern for developing and least-developed countries. In this context, cross-border energy cooperation could perhaps help Bangladesh to mitigate its energy crisis.

During Prime Minister Sheikh Hasina’s visit to India in September 2022, Bangladesh requested that it be allowed to import power from Nepal and Bhutan via India. The Nepal Electricity Authority (NEA) sought approval from the Indian authorities to export 40-50 MW of electricity to Bangladesh through India’s existing transmission infrastructure. In August 2022, Bangladesh and Nepal decided to request India to allow the export of 40-50 MW of electricity from Nepal to Bangladesh in the initial phase by utilising the high-voltage Baharampur-Bheramara cross-border power transmission link. As per the understanding reached during the secretary-level Joint Steering Committee (JSC) formed for Nepal-Bangladesh energy cooperation, the NEA and the Bangladesh Power Development Board requested India for a trilateral energy sales and purchase agreement utilising the power line.

Given this scenario, the India-Bangladesh Friendship Pipeline (IBFP) will mark an important milestone in Bangladesh’s quest to fully meet its energy needs, the country’s energy minister Nasrul Hamid told recently.

Hamid said that the IBFP would have been commissioned earlier had it not been for the pandemic that disrupted construction.

This pipeline will result in quick transport of diesel into Bangladesh and will do away with our reliance on importing the petroleum product in oil tankers by road and rail from India that take a long time and are subject to procedural delays at times,” said Hamid.

Apart from this project that will go some way in meeting Bangladesh’s energy demand, the first unit of the US $2 billion Maitree Super Thermal Power Production at Rampal in Bangladesh’s Khulna province is already supplying 660 MW to the country’s national grid.

The 1320 MW Maitree project is being built under a concessional financing scheme offered by India to Bangladesh. The two countries set up the Bangladesh India Friendship Power Company Limited (BIFPCL), a 50:50 joint venture between India’s National Thermal Power Corporation and Bangladesh Power Development Board.

Once completed, this will be Bangladesh’s largest power plant. Prime Ministers Modi and Sheikh Hasina jointly unveiled the first unit of the plant during the latter’s visit to New Delhi in September last year.

Bangladesh is also awaiting power from the Adani group’s 1600-Megawatt thermal power station at Godda in Jharkhand. Tawfiq-e-Elahi Chowhury, the Energy Advisor to Prime Minister Sheikh Hasina, had said last month that Bangladesh is looking forward to importing at least 600 MW of power from this plant to meet its peak summer demand.

The first unit of this plant has already been synchronised with Bangladesh’s power grid and after completion of some formalities and last-minute negotiations between the two sides, export of power to Bangladesh from the plant is expected to commence within the next few weeks.

Bangladesh power minister Nasrul Hamid said that his country wants to import more energy from India. We are holding talks with India on this. We’re exploring all possibilities. The Maitree power plant is just the beginning, and we can have more such projects. India is already playing a large role in helping us meet our growing energy needs and we expect this role to grow exponentially in the coming months and years,” he said.

India’s help to Bangladesh in meeting its energy needs is also aimed at offsetting that country’s dependence on China, whose investments in Bangladesh’s energy sector stand at US $ 8.31 billion.

Beijing has offered to help Bangladesh’s transition to renewable sources of energy. This time, New Delhi has also nudged the United States to step up its energy cooperation with Bangladesh, especially in the field of renewables. US Presidential envoy on climate, John Kerry, offered to help Bangladesh in strengthening its power grid and transition to clean energy.

India is also playing a key role in helping Bangladesh access clean and cheap energy from Bhutan and Nepal. New Delhi has proposed expansion of power trade within the BBIN (Bangladesh, Bhutan, India, Nepal) framework and multilateral talks facilitated by New Delhi are currently on in this regard.

India has also promised to export power generated from its upcoming hydro-power projects in Sikkim and Arunachal Pradesh once these are commissioned. We are keen on importing power generated from hydel plants in India as well as Nepal and Bhutan in order to transition to clean energy. India’s help in this transition is critical,” said the Bangladesh power minister. The India-Bangladesh Friendship Pipeline is, thus, a major milestone in India’s efforts to help Bangladesh tide over its energy crisis. It is also part of New Delhi’s efforts to strengthen ties in the neighbourhood.

Why do India, Banladesh Start Friendship pipeline? 

March 19th, 2023

Pathik Hasan

Prime Minister Sheikh Hasina on Saturday said the inauguration of “India-Bangladesh Friendship Pipeline” is a milestone achievement in mutual cooperation for the development of the two friendly neighbours. Sheikh Hasina hoped that Bangladesh and India would jointly celebrate many such successes in the days to come.

The pipeline will play a significant role in protecting the energy security of both country. Indian Prime Minister Narendra Modi said India-Bangladesh Friendship Pipeline will enhance cooperation in energy security between the two countries.  This pipeline would further speed up the development of Bangladesh and be an excellent example of the increasing connectivity between the both the countries. Narendra Modi said Bangabandhu Sheikh Mujibur Rahman’s ‘Sonar Bangla’ vision included the harmonious development and prosperity of the entire region. This joint project is a perfect example of their vision. The two south Asian nations–Bangladesh and India have also expressed fresh vow to work together as partners in order to achieve the desired benefit for them and bring peace and prosperity in the region as a whole. The 130-kilometre pipeline between the two countries was built at an estimated cost of INR 377 crore.

The supply of diesel through this pipeline will reduce the cost and will also reduce the carbon footprint of the supply. The pipeline has a capacity to transport 1(one) million metric ton per annum (MMTPA) of High-Speed Diesel (HSD).

We hope our neighbour state would 

continue to walk step by step with our 

country to help it achieve the desired progress, 

stability and prosperity

The pipeline will carry diesel from Assam-based Numaligarh Refinery Ltd’s (NRL) marketing terminal at Siliguri in West Bengal to the Parbatipur depot of Bangladesh Petroleum Corporation (BPC). It will supply High Speed Diesel initially to seven districts in northern Bangladesh.

The operation of ‘India- Bangladesh Friendship Pipeline’ will put in place a sustainable, reliable, cost-effective and environment friendly mode of transporting HSD from India to Bangladesh. Bilateral relations between two countries is a role model for neighbourhood diplomacy.

So, apart from this development project, we still hope all the outstanding issues, including Teesta Water Sharing Treaty would be signed soon likewise many issues solved in the spirit of friendship and cooperation. We also expect our neighbour state would continue to walk step by step with our country to help it achieve the desired progress, stability and prosperity. Since Bangladesh’s Liberation War in 1971, the two countries shared history and culture, mutual trust and respect, longstanding friendship and continued cooperation. The relationship between the two nations is written with blood” and it has reached a new height under the dynamic leadership of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman’s daughter Sheikh Hasina. This bonding of friendship between Bangladesh and India will be further strengthened in the days to come through the opening of India-Bangladesh Friendship Pipeline. The friendly bilateral relations between Bangladesh and India has a storied history, but nowhere has this been more evident, in recent years, than in our energy cooperation. With India being a major player in the energy sector and its close proximity with Bangladesh, it only makes sense that there would be great synergy between the two nations. While Bangladesh has engaged with a number of different stakeholders in the energy sector, few are as important as India.To that end, the flagship Rampal Power Plant — for example — is a direct result of our fruitful relationship with India. Alongside India, Russia has been a major player in the energy sector with the Rooppur Nuclear Power Plant. However, recent developments and the international embargo placed on Russia has presented issues for this ambitious project. This is not to say that our partnership with India has been a walk in the park. There have been allegations of India using its influence to get a better deal, a lot of them rightfully so. However, this can be chalked up to our own diplomatic blunders, which is one area where the administration needs to genuinely focus its attention.We need to do everything we can to nurture this partnership, but it doesn’t mean rolling over. Bilateral talks with participation from private stakeholders have to be conducted periodically. Furthermore, both public and private stakeholders need to ramp up their negotiation skills — getting the best possible deal should be an absolute priority, after all. Direct intervention from the government in this case has to be used if necessary.The future is indeed looking bright for Bangladesh, and a major reason is the partnerships that we continue to solidify

ග්‍රීසියේ සිදුවූ මානුෂවාදී ඛේදවාචකය ලංකාවේත් ඉදිරියේදී සිදුවෙයිද?

March 19th, 2023

ශාන්ත ජයරත්න ශ්‍රී ලංකා සංවර්ධන පරිපාලන ආයතනයේ හිටපු ජ්‍යෙෂ්ඨ උපදේශක courtesy Lanka Lead News

තිත්ත බෙහෙතක්” සහ වස පානය” කිරීම අතර පැහැදිලි වෙනසක් තිබෙනවා. ශ්‍රී ලංකාව පවතින ආර්ථික අර්බුදයෙන් මිදීමට තිත්ත බෙහෙතක් යැයි සිතා වස පානය නොකළ යුතුයි.” යානිස් වරුෆකිස් (Yanis Varoufakis).

යානිස් වරුෆකිස් ග්‍රීසියේ හිටපු මුදල් ඇමැති වරයා. ඔහු IMF සංවිධානය ග්‍රීසියේ කල මානුෂවාදී ඛේදවාචකය හොඳ හැටි අත් විඳි පුද්ගලයෙක්. වරුෆකිස් ප්‍රකාශ කරන අන්දමට ග්‍රීසිය 2010, 2015, 2016 සහ 2018 වර්ෂ වල IMF වෙත ගියත් සිදුවූ යහපතක් නොමැත. අවසානයේ ජාත්‍යන්තර මූල්‍ය අරමුදල ඔවුන් විසින් බලපෑම් කොට සිදුකල ආර්ථික ප්‍රතිසංස්කරණ හරහා ග්‍රිසිය කබලෙන් ලිපට වැටුණු බව ඔහු කියයි. වරුෆකිස් සිය තනතුර හැර යන්නේ ඔහුගේ උපදෙස් නොතකා තමාගේ අගමැති වරයා තෙවැනි වරටත් IMF සමග නැවත ගිවිසුම් ගත වීම නිසයි. අවසානයේ IMF සංවිධානය ග්‍රිසියෙ ජනයාට සිදුවූ හිංසනය පිළිබඳව ග්‍රීසියෙන් සමාව ගත් බව යානිස් වරුෆකිස් ප්‍රකාශ කරයි. දකුණු කොරියාව, ආජන්ටිනාව වැනි රටවලටත් සිදුවූයේ එයයි. ලෝකයේ IMF උදව්වෙන් ගොඩගිය කිසිදු රටක් සොයාගැනීමට නැති තරම් ය.

නොබේල් ත්‍යාග ලාභී අර්ථ ශාස්ත්‍රඥයකු වන ජෝෂප් ස්ටිග්ලිට්ස් (Joseph Stiglitz) ඔහුගේ Globalization and Its Discontents පොතේ ජාත්‍යන්තර මූල්‍ය අරමුදල හඳුන්වන්නේ ලෝකයේ දුප්පත්ම රටවල අසාර්ථක ආර්ථික ප්‍රතිසංස්කරණ ක්‍රියාත්මක කිරීමේ මූලික වරදකරු” ලෙසයි ( Primary culprit). ජෝෂප් ස්ටිග්ලිස්ට අනුව ජාත්‍යන්තර මූල්‍ය අරමුදල රටකට ණය දීමට නම් ඔවුන්ගේ කොන්දේසි ලෙස බදු ඉහළ දැමීම් (fiscal austerity), පොලී අනුපාත ඉහළ දැමීම (high interest rates), ආනයන ලිහිල් කිරීම (trade liberalization), පෞද්ගලිකරණය (privatization), ප්‍රාග්ධන වෙළෙඳපොළ විවෘත කිරීම (open capital markets) නීති රීති සීමා ලිහිල් කිරීම (Deregulation ) වැනි දෑ ක්‍රියාත්මක කිරීම තුල එකී රටවල ආර්ථිකය මත අනිසි බලපෑම් ඇති කිරීමට අමතරව ඒවායෙහි ජනයාට දරාගත නොහැකි ඵලවිපාක භුක්ති විඳීමට සිදුවන බවය. එය සත්‍යක් බව ලංකාවේ ඔබට මේ වන විට හොඳින් දැනෙමින් ඇත.

අද ලංකාව මුහුණ දී සිටින්නේ මෙන්න මේ කියන්නාවූ ඵලවිපාකයන්ට ය. ලංකාවේ සමහර දේශපාලන පක්ෂ වල සිටින ආර්ථික කවුන්සිල ට්‍රොයිකාද ඔවුන්ගේ ආර්ථික වැඩපිළිවෙළේ මෙවැනි ප්‍රතිසංස්කරණ යෝජනා කරයි.

ජාත්‍යන්තර මූල්‍ය අරමුදලට අවශ්‍ය දේ ඉටුකර ගැනීමට සුදුසු පාලකයන් ඔවුන් සෑම විටම සොයාගනී. ඔවුන්ගේ ප්‍රතිසංස්කරණ වට්ටෝරුව ලංකාවේ ක්‍රියාත්මක කිරීමට ඔවුන් සෑම විටම උස්සාහ කලේ රනිල් වික්කම සිංහ සමගයි. කාලයක් තිස්සේ කල උස්සාහය මෙවර ඔවුන් සාර්ථක කරගෙන ඇත. එම නිසා ඔහුව ආරක්ෂා කරගැනීම ජාත්‍යන්තර මූල්‍ය අරමුදල ප්‍රමුඛ අමෙරිකාවේ අවශ්‍යතාවය යි.

ජාත්‍යන්තර මූල්‍ය අරමුදල ලංකාවට සහන දීමට ඉදිරිපත් වන්නේ ඔවුන්ගේ ස්වාමීන් එනම් ලංකාවට ණය දී ඇති Black Rock Inc (US), Ashmore Group (UK), Allianz(Germany), HSBC (UK), JPMorgan Chase (US), Prudential (US) වැනි ස්වෛරී බැඳුම්කර හිමියන් ආරක්ෂා කිරීම මිස අන් කිසිවක් නොවෙයි. මා ඊයේ ලිපියේ ප්‍රකාශ කල අන්දමට ලංකාව ස්වෛරී බැඳුම්කර හරහා මොවුන් ගෙන් ලබා ගෙන තිබෙන්නේ සමස්ත ණයෙන් 36% ක කොටසක් වුවත් (ණය තොගය ඩොලර් බිලියන 100.9) https://www.mof.lk>update>to>creditors සමස්ත ණය සඳහා ලංකා රජය ගෙවන පොලියෙන් 76% සූරාකන්නේ ඉහත බැදුම්කර හිමියන් කිහිප දෙනා විසිනි.

ජාත්‍යන්තර මූල්‍ය අරමුදලට හෝ ඉහත සමාගම් වලට ලංකාවේ අඩු ආදායම් ලාභියා මහා මාර්ගයේ හිඟා කෑවත්, කර්මාන්ත වැසී ගියත් , වෘත්තිකයා පාරේ උද්ඝෝෂණ කලත්, ශිෂ්‍යා පෙළපාලි ගියත්, කොටින්ම රටට හෙන ගැහුවත් ඔවුන්ගේ ණය ලබා ගැනීම සඳහා ඔවුන් විසින් නිර්දේශිත වට්ටෝරුව පාලකයා ක්‍රියාත්මක කරයි නම් එය හොඳටම ප්‍රමාණවත් ය. ඉන් එපිට ඔවුන් තුල මානුෂීය හැඟීම් නැත. ඛේදවාචකය එයයි. ලංකාවේ බොහෝ මැද පංතියේ පිරිස් හිතනා තරම් සුන්දර රටක් මේ හරහා නිර්මාණය නොවනු ඇත.

ජාත්‍යන්තර මූල්‍ය අරමුදලේ ඊලඟ ගොදුර බවට පත්වීමට නියමිතව ඇත්තේ ශ්‍රී ලංකා මහ බැංකුවයි. එය ලබන 21 වනදායින් පසු ඔබලාට බලා ගැනීමට හැකිය. ජාත්‍යන්තර මූල්‍ය අරමුදල ඔවුන්ට අවශ්‍ය ලෙස අධිපති වරයා ඒ සඳහා සූදානම් කොට තිබෙන බව නව මුදල් පනත කියවීමේදි පැහැදිලි වෙයි. ජාත්‍යන්තර මූල්‍ය අරමුදල විසින් නව මුදල් පනත මගින් ජනයා විසින් පත්කරන ආණ්ඩුවට පිටින් තවත් ආණ්ඩුවක් හැදීමට සූදානම් වෙයි.

නයෝමි ක්ලේන්ගේ (Naomi Klein) ගේ ආපදා ධනවාදය (Disaster Capitalism) ලංකාවේ දැන් හොඳින් ක්‍රියාත්මක යි. ඇයගේ Shock Doctrine කෘතියේ මෙම තිර කතාව හොඳින් පැහැදිලි කර ඇත. එහෙත් සම හරක් ලංකාවේ ජනයා ඒවා දැන ගැනීමට අකමැතිය. නව ලිබරල්වාදය විශ්වාස කරන්නන්ගේ ගුරු, මිල්ටන් ෆ්‍රීඩ්මාන් (Milton Friedman) කියන ආකාරයට නිර්වින්දනයට ලක් වී ඇති ජනයා පියවි ඇස් විවෘත කිරීමට පෙර මේ සියල්ල සිදු කල යුතුය. එය ලංකාවේ පාලකයා හොඳින් කරමින් සිටී. ජනයා නැගිටින විට ඔවුන්ගේ ඇඳිවතත් ගලවා ගෙන ගොස් ඇති බව ඔවුන් දැන ගනී. ලංකාවේ ජනයිනි, එතෙක් සුවසේ නිදන්න.

ශාන්ත ජයරත්න
ශ්‍රී ලංකා සංවර්ධන පරිපාලන ආයතනයේ හිටපු ජ්‍යෙෂ්ඨ උපදේශක

25-year plan to make Sri Lanka successful by 2048 already underway – President

March 19th, 2023

Courtesy Adaderana

President Ranil Wickremesinghe emphasized that the Royal College cricket team’s effective captaincy ultimately led to the team’s victory at a time when all of the matches were being lost and that his effort to lift the defeated country to the path of victory is similar to that of the captain of Royal College cricket team.

The President recalled that when he assumed office last July, the country was experiencing a multitude of crises such as shortage of fuel, food, and fertilizer. He compared this to the Royal College team, which had suffered a string of defeats, and claimed that many people believed the country would not be able to recover.

However, President Ranil Wickremesinghe stressed that his team was able to change this situation and create economic stability in the country during the last seven months and emphasized that Sri Lanka is no longer a bankrupt state.

President Ranil Wickremesinghe made this statement while addressing the 32nd Interact District Conference held at Temple Trees this morning (March 19), according to the President’s Media Division (PMD).

He said that everyone would be able to witness a developing country in the next two years, and to make Sri Lanka the most prosperous country in the region, it is necessary to build the economy in addition to stabilizing it today.

The President added that the 25-year plan to make Sri Lanka a successful nation by 2048 has already been implemented and it can only be achieved with the commitment of the current youth.

This conference was organized by St. Thomas’ College, Wesley College, Vishaka Vidyalaya, and Girls’ High School, Kandy, and it drew about 700 students from various schools all across the island.

President Ranil Wickremesinghe was welcomed by the Chairperson of the 32nd Interact District Conference, Abdullah Siddeek who delivered the welcome speech.

Appreciating his support and participation in the Interact Global Youth Movement, District Governor of the Rotary International District 3220 for Sri Lanka & Maldives Pubudu De Zoysa presented a badge to the President and Interact District Conference President Abdullah Siddeek presented the President with a plaque.

US-funded 36,000 MT of TSP fertilizer handed over to Agri. Ministry

March 19th, 2023

Courtesy Adaderana

More than a million Sri Lankan paddy farmers in all 25 districts will get vital assistance through a shipment of over 36,000 metric tons of fertilizer handed over today by the United States to the Ministry of Agriculture, says the United States Embassy in Sri Lanka.

The shipment of Triple Super Phosphate (TSP), which was funded by the United States Agency for International Development (USAID) has been procured by the Food and Agriculture Organization of the United Nations (FAO) for distribution free-of-charge to farmers. 

This second shipment of USAID-supported fertilizer is delivered on a promise USAID Administrator Samantha Power made last September in response to Sri Lanka’s food security challenges. It brings the total of USAID-supported TSP and urea fertilizer to more than 45,000MT over the last year, according to the US Embassy in Sri Lanka.

U.S. Ambassador Julie Chung said, Farmers are working hard to maximize rice production and meet the country’s food needs under difficult circumstances, and the United States is committed to assisting. This year we celebrate 75 years of bilateral relations between Sri Lanka and the United States. Our story is one focused on people, progress, and partnership, and our commitment to supporting the people of Sri Lanka in good times and bad will not waiver.

Today’s fertilizer donation is a demonstration of America’s enduring goodwill and commitment to the people of Sri Lanka. It comes without strings attached and it is a testament to how the American people stand with the people of Sri Lanka”, Ambassador Chung added. 

The United States, through USAID, provided $46 million in funding to procure essential fertilizer, providing much-needed nutrients to paddy crops, helping increase paddy production, and averting a food crisis. This funding also provided cash assistance to small-holder farmers who were affected by low yields over the past few agricultural seasons and on account of the prevailing economic crisis.  The program is being implemented by UN FAO with oversight provisions to ensure transparency and accountability, the US Embassy in Sri Lanka added.

Speaking at the handover Minister of Agriculture, Mahinda Amaraweera expressed his gratitude to the people of America and FAO for providing timely support to reinvigorate the local agricultural sector. Through this support, we are certain the yield of the upcoming harvesting seasons will improve steadily. Our eventual aim is to minimize dependency on rice imports and further empower Sri Lankan paddy farmers,” Minister Amaraweera added.

Fertilizer will help local farmers boost their production so that the country is food secure. Most importantly, this also can jump-start market-driven agricultural production and potentially lead to Sri Lanka becoming a food exporter,” said USAID Mission Director for Sri Lanka and Maldives, Gabriel Grau.

In the last year, the United States has provided more than $270 million in new support to Sri Lankans amid the ongoing economic crisis.  In addition, the U.S. the largest donor to the UN Humanitarian Needs Plan for Sri Lanka. 

We thank the U.S. government for the support extended at a critical juncture, enabling this consignment of TSP fertilizer, the first to arrive in the country in two years, which will be distributed to all paddy farmers based on the extent of their cultivation and the advised application for each of the agricultural zones through the support of the Ministry of Agriculture,” said FAO Representative for Sri Lanka and the Maldives, Mr Vimlendra Sharan. 

Minister Amaraweera and FAO Representative Sharan joined Ambassador Chung and USAID Mission Director Grau at today’s handover ceremony. 

This assistance is one component of the United States’ long-standing partnership with the Sri Lankan people to promote a healthy, educated, and employed population. To find out more about USAID’s work, you can see usaid.gov/sri-lanka. 

IMF to approve bailout package for Sri Lanka tomorrow: CBSL governor

March 19th, 2023

Courtesy Adaderana

Sri Lankan central bank governor Nandalal Weerasinghe told media on Sunday that the country’s dollar crisis” is over, as the International Monetary Fund (IMF) is set to approve a 2.9 billion U.S. dollar bailout package for the country on Monday.

He said Sri Lanka will hence has adequate foreign reserves for imports for essential sectors, adding that the IMF package will boost investor sentiment and enhance the country’s access to more foreign funds and investments.

The IMF package will include budgetary support to Sri Lanka’s government, which is a new element in IMF lending, he said.
Sri Lanka started the related negotiations with the international lender in 2022 after the South Asian country was hit by a severe economic crisis. 

Source – Xinhua
-Agencies

IMF puts countries into debt, poverty & inequality but who in Sri Lanka wants IMF – why?

March 18th, 2023

Shenali D Waduge

When Sri Lanka’s top corporates have stashed away some $53billion in overseas accounts, it is because they are cheating the country, they don’t want to invest in Sri Lanka or they are as corrupt as the politicians. Whatever, the reason, their collective silence in not coming forward to bail out Sri Lanka & fully aware that the ordinary people & middle class will suffer, shows moral decline of Sri Lanka’s corporate community. These handful of Sri Lankan corporates could have easily come up with a plan to present to the public on how Sri Lanka could move forward with their investment without falling subject to more IMF loans. In understanding what the IMF imposes for loans given, whom these conditions apply & affect, the eventual outcomes like poverty, inequality, debt & depression – people should ask the Sri Lankans promoting going to IMF, why they are so gaga over it!

  1. Conditionality in IMF Loans – loans are given with conditions though countries have to pay back loan with interest. These conditions are often intrusive & interfere in the internal affairs of countries. All conditions target only lower-classes & middle classes as a result of forcing governments to reduce spending on social welfare, increase taxes, increase prices of essential goods, increase interest rates, facilitate firms to go bankrupt, wage cuts/freezes, pension reforms, military cuts, force state entities to be privatized. These making already ailing countries fall further into disarray & increase poverty, unemployment, depression & social unrest. All of these IMF conditions have domino effect.
  2. IMF exchange rate reforms have often led to removing controls that facilitated corrupt politicians & corporates to transfer money out of the country (Goldenberg scandal)
  3. IMF allows inflationary devaluations.
  4. IMF insists on neo-liberal policies like blanket privatization that creates private monopolies who exploit consumers without controls. Unit in the Ministry of Finance set with task of restructuring” (privatizing) 420 state-owned enterprises under GoSL especially 55 strategic SOEs that employ around 1.9% local labor.
  5. IMF bail outs often lead to corrupt governments not planning but agreeing to IMF conditions to take more loans. The cycle of debt continues & IMF is happy because its neo-liberal policies can continue while also getting countries to fork out interest.
  6. IMF also stands guilty of keeping policy & decisions secret from public domain & among select politicians who are happy to endorse IMF conditions & policies.
  7. IMF short-term solutions often lead to long-term problems for countries who have to deal with rising poverty, social unrest & failing economy.
  8. One of the core reasons for countries to go to IMF is its low interest, but what countries & people who promote going to IMF does not factor in is the conditions that result in long-term crisis for countries. Such crisis enables IMF to re-enter with fresh loans, more conditions and this cycle continues which works well for IMF who is part of the neo-liberal capitalist apparatus involving in securing national resources/assets under corporate control.

Successive Govts accused of corruption have however fallen naively victim to seeking advice from international advisors as well as local bodies that are funded from overseas, who peddle the privatization option & neo-liberal ideologies & the corrupt status of governments are used to cunningly draw them to agree to policy changes that fulfil the wish lists of these globalists.

Verite Research & Centre for Policy Alternatives are two other NGOs/Civil Society players who were at the call to default on debt payment alongside. https://island.lk/chinas-stand-may-deprive-sri-lanka-of-usd-2-9-bn-from-imf-in-early-2023/

Paikiasothy Saravanamuttu … China’s unwillingness to accept the proposed debt restructuring might deprive Sri Lanka of the US$ 2.9 billion credit facility, from the IMF”

The main opposition Samagi Jana Balawega too have been mooting for IMF bailout, while JVP leader Anura Dissanayake claimed there was no other alternative & party stalwart Sunil Handunetti claimed that the government was not going to IMF because of corruption.

http://bizenglish.adaderana.lk/jaaf-welcomes-progress-in-securing-imf-fund-facility/  

The Joint Apparel Association Forum (JAAF) welcomes… the long-awaited USD 2.9 billion bailout package. JAAF says it is imperative that the country makes progress on other reforms required to get the country back on a growth agenda. These include reforms of the State-Owned Enterprises, labour law reform and pursuing Free Trade Agreements with countries like Australia, Japan, Korea and Canada which have enormous potential”   

We are now in sight of the ‘IMF agreement approval’ and with it more positive economic sentiments like more FDI and better credit facilities will come Sri Lanka’s way/ If you take these positive factors into consideration Sri Lanka may be the first country in the world to have recovered from an economic crisis in such a short time”, Duminda Hulangamuwa, the Vice Chairman of the Ceylon Chamber of Commerce and a Senior Partner and the Head of Tax at Ernst & Young

http://www.adaderana.lk/news/89092/shouldnt-sabotage-necessary-yet-long-overdue-reforms-for-political-reasons-sabry

https://www.facebook.com/watch/?v=1327176164728089

Development Economist Professor Jayati Ghosh and Economist and Social Scientist Dr. Howard Nicolas believe that the path Sri Lanka chose for economic recovery with the support of the IMF would hurt the island’s poor and marginalised segments and they believed that debt forgiveness would be the only solution for Sri Lanka’s recovery.

So while the political opposition, key corporates & civil society are claiming IMF is the only solution, economists Jayati Ghosh & Dr. Howard Nicolas eloquently argue why IMF is not the solution. This is further backed by OXFAM report says 80% of covid-19 loans given by IMF have pushed nations to poverty.

https://www.oxfam.org.uk/media/press-releases/over-80-per-cent-of-imf-covid-19-loans-will-push-austerity-on-poor-countries/

However, ADVOCATA Chair Murtaza Jafferjee claims Sri Lanka would lose access to international creditor markets as soon as it resolves to debt forgiveness while also causing a collapse in the country’s banking system. We can see who is right in time to come. ADVOCATA is linked to Mont Pelerin Society & Atlas Network. ADVOCATA stalwarts not only promote IMF bail outs but campaign to privatize SOEs. Everyone’s easy solution is sell one’s silver. Thereafter, what happens is not their concern.

When Sri Lanka’s then Finance Minister & present Foreign Minister Sabry announced default on debt repayment, this was the outcome.

Yet it was not only politicians & CBSL that mooted default on repayment, Sri Lanka’s top businessmen, think tanks & economists called for the same.

https://www.ft.lk/business/Leaders-of-Ceylon-Chamber-top-economists-speak-out-on-forex-crisis/34-728960

It is no wonder Sri Lanka is in this abysmal state – we cannot rely not only on the politicians but even the corporates & the think tanks that are heavily reliant on foreign funding. Making matters worse is that the majority of these companies that mooted debt default, had made use of the 2017 Foreign Exchange Control Act to deposit their profits overseas. We have to wonder how many of these companies have been indirectly responsible for the economic collapse as well as  question why they are promoting IMF $2.9b bailout with austerity for the poor & middle class, when they could have easily come to an arrangement with the GoSL & brought this $2.9b of their $53b back to Sri Lanka.

Shenali D Waduge

The AUKUS military alliance and the submarine deal; Foresight or Folly?

March 18th, 2023

By Raj Gonsalkorale

Former Prime Minister of Australia Paul Keating has labelled the AUKUS military alliance and more specifically the recently concluded submarine deal as the worst mistake Australia has done in its history. His national press club address has been widely publicised and does not need repetition here.

It is however interesting to discuss a few basic issues he mentioned as reasons for his criticism. Firstly, his assertion that the AUKUS alliance is all about maintaining US hegemony over the South China sea and containing, to the extent possible, China’s ability to move freely within and outside this area of the sea. Secondly, the futility of a few submarines, nuclear or otherwise, attempting to do this in the shallow, easily detectible sea off China and thirdly, the formation of a military alliance that includes Australia where Australia faces no threat militarily from China.

At the outset, in context, it is useful to mention Newtons third law that every action has an equal and opposite reaction. The formation of this alliance too could be looked at from this perspective. Accordingly, while trading profitably with each other, the three countries in the Alliance, the US, Australia, and UK, will strengthen their military and China will do their best to outdo, but more importantly outsmart all three. The already accelerated arms race will get to high gear now with billions of dollars being spent more on posturing than on any real military encounter by any of the constituents of AUKUS. Consequences for the ordinary people in all these countries and all other countries will have a flow on effect as funds available for the welfare of the people will be eroded and diverted to military expenditure.

Before Newton, Buddha came out with a truism called dependent origination or in Pali, paticca samuppada. As stated in a Buddhist enquiry article (https://www.buddhistinquiry.org/article/dependent-origination/, what the dependent origination or paicca-samuppāda actu­ally describes is a vision of life or an un­derstanding in which we see the way everything is interconnected—that there is nothing separate, nothing standing alone. Everything effects everything else. We are part of this sys­tem. We are part of this process of de­pendent origination—causal relation­ships effected by everything that happens around us and, in turn, effecting the kind of world that we all live in in­wardly and outwardly.”

This is the first reality one will have to understand and accept as a reality. Many actions will follow from the military alliance and the submarine deal. The alliance appears to not understand and to disregard the interconnected nature of these actions These will lead to ongoing consequences, most which will be negative rather than positive. Although not a military issue, Australia and the world witnessed the reaction of the Chinese government when some actions of Australia, including its role in the WHO attempt to carry out an inspection of Chinese facilities to ascertain whether the COVID virus originated in a Chinese laboratory. This attempt by Australia without any discussion with China, cost the country dearly with several commercial sanctions which incidentally are still in place.  As Mr Keating said, diplomatic and commercial disagreements are being linked to non-existent military confrontations in the guise of foreign policy.

The distrust created with China by AUKUS and the submarine deal will have consequential reactions from China. It is hard if not impossible to see how trust can be restored in an environment where diplomacy has been superseded by militarism. It is unfortunate for the future generations that the current leadership of the two major political parties in Australia have consigned them, without any discussion with them, to an uncertain and confrontational future with China, the worlds next superpower in the not-too-distant future.

In any military conflict, irrespective of which side wins”, there are no real winners or losers. It is just a scenario where the aggressors, the defenders and the bystanders play musical chairs, with each category moving around taking on each other’s roles in a cyclical manner. It is a futile, costly exercise that could have been avoided if disagreements were discussed and resolved through compromise and respect for each other. Many either ignore or are indifferent to the damage a war inflicts on the families and loved ones within each category, and a countless number of people who are not directly associated with a war.

According to the Wikipedia (https://en.wikipedia.org/wiki/World_War_I_casualties), the total number of military and civilian casualties in World War I was about 40 million: estimates range from around 15 to 22 million deaths and about 23 million wounded military personnel, ranking it among the deadliest conflicts in human history. The total number of deaths includes from 9 to 11 million military personnel. The civilian death toll was about 6 to 13 million.

During World War 2, estimates for the total number of casualties in the war vary because many deaths went unrecorded. Most suggest that some 75 million people died in the war, including about 20 million military personnel and 40 million civilians. Many civilians died because of deliberate genocide, massacres, mass-bombings, disease, and starvation. The Soviet Union lost around 27 million people during the war, including 8.7 million military and 19 million civilian deaths. (https://courses.lumenlearning.com/suny-hccc-worldhistory2/chapter/casualties-of-world-war-ii/

Outside of World War 1 and 2, the Korean war, the Vietnam war, the Afghanistan, Iraq and other military conflicts have witnessed the deaths of millions.

If a war is to be fought, and countries are indifferent to the death and destruction it causes, each side has to have the resolve, strength and the equipment to match the other side. As Mr Keating says, whether a few submarines, nuclear powered but firing conventional weapons does not seem to be indicative of parity. In the name of parity, if nuclear weapons are to replace conventional ones, the nuclear arms race will intensify, and more people will face death and destruction if a military engagement occurs and nuclear weapons are used. In such possible scenarios,  it likely that China will enhance their defence capability in the face of AUKUS nations ramping their military capabilities. With technology advancements being what they are and potentially exponential advancements, the nuclear submarines being designed and built could well be obsolete when they are built and are seaworthy. The world does spend a lot of money to kill people.

Mr Keatings third point is about the military strategy Australia has chosen in association with the US and UK over a diplomatic strategy with China. He has maintained, rightly, that China is Australia’s largest trading country and therefore commercial considerations rather than military ones should underpin the relations between the two countries. Again, as he says, the country’s foreign policy should not be dictated by military requisites but diplomatic requisites and mutual trust and not distrust. A military build up as envisaged is bound to foster mistrust between China and Australia and eventually impact adversely on the trading relationship between the two countries.

According to the website Statista (https://www.statista.com/statistics/622568/australia-export-partners-by-value/), in 2021, China was Australia’s leading export partner, importing approximately 115 billion U.S. dollars’ worth of goods, followed by Japan and the European Union. Tensions have been building up in China-Australia relations and has impacted on trade.

Data released by the General Administration of Customs (GAC) showed that, in 2022, bilateral trade between the two countries reached US$220.91 billion, down 3.9 percent year-on-year, with Australia’s exports to China amounting to US$142.09 billion, a decrease of 13.1 percent from 2021. China remains a primary export market for many Australian products, such as coal, iron ore, and wine. However, several of these products lost their market share as domestic businesses looked for substitutes to lessen the risk of interruption amid thawing ties (https://www.china-briefing.com/news/china-australia-trade-relations-growing-stronger/). Besides this, the website also states that quote notwithstanding the scope of market opportunities for China and Australia, bilateral ties have not always been favourable. Over the past five years, tensions have piled up on a range of issues related to technology, politics, and trade. In 2018, invoking concerns for national security, Australia became the first member of the Five Eyes intelligence alliance to prohibit Chinese tech giants Huawei and ZTE telecommunications gear from participating in its telecom infrastructure. In addition, Australia openly supported a number of US-led efforts aimed at containing China’s expanding influence in the Indo-Pacific, including the AUKUS alliance, the Indo-Pacific Economic Framework, the Quadrilateral Security Dialogue, and the Partners in the Blue Pacific. Early in 2020, amid tensions over the nature of COVID-19, bilateral ties took a sudden turn for the worst. China imposed import bans on a variety of Australian exports, including coal, barley, wine, cattle, and seafood. Australia responded by escalating the trade dispute to the World Trade Organization (WTO) and canceling the Belt and Road Initiative (BRI) deal previously agreed to between China and the state of Victoria.

Such occurrences have had a negative impact on trade. Australian exports of wine, barley, lobsters, cattle, and coal were severely impacted, while Chinese companies were subject to increased scrutiny, particularly for transactions involving crucial infrastructure. As a result of escalating diplomatic tensions, several Chinese companies adjusted their coal purchases from Australia to reduce potential risks. Consequently, China imported 66.37 million tons less Australian coal in 2021 than it did in 2020, a decrease of more than 85 percent year-on-year” unquote.

In summary, one cannot be but convinced that Mr Paul Keating is right that the AUKUS military alliance and the submarine deal will have a negative effect on Australia/China relations in the long term and that future generations will face the consequences of this serious mis step in military strategy camouflaged as foreign policy. The question the younger generations should ask themselves is whether Australia should overlook the misdemeanours of the US when it supports countries like Saudi Arabia and other dictatorships and argue that they, the USA, is a protector of democracy, and that they are taking on China because of its undemocratic policies and practices. Not much or in fact anything is said about the rise in living standards in China and the very significant drop in poverty levels in China. Nothing is also said about poverty in the USA, the citadel of democracy, where, according to https://www.census.gov/library/publications/2022/demo/p60-277.html, the official poverty rate in 2021 was 11.6 percent, with 37.9 mil­lion people in poverty. In contrast, as estimated by the World Bank, China’s poverty rate had fallen from 88 percent in 1981 to 0.7 percent in 2015, as measured by the percentage of people living on the equivalent of US$1.90 or less per day in 2011 purchasing price parity terms, which still stands in 2022 (https://en.wikipedia.org/wiki/Poverty_in_China).

It does appear that the US is driven by the fear that China will overtake them as the superpower of the world soon and they are garnering support from willing allies like Australia and UK to delay the inevitable as much as possible. The danger for Australia is that they will be like, to quote a pithy Sinhala idiom ‘Girayata ahuwechcha puwak gediya wage (an arecanut caught between the two levers of a giraya, a familiar object in most Sinhala homes, fashioned out of brass, steel, silver or gold and used to slice arecanuts) –a paradoxical situation from which there is hardly any chance of escape. Australia has chosen this path and to be in an Anglo/Indian world, away from  South East Asia and China where its prosperity and future lies.

Central Bank Must be Independent to Save the Economy

March 18th, 2023

Dilrook Kannangara

Even a schoolkid who has studied Year 11 Commerce would tell you that the Central Bank must be independent of the government. And that’s how it is around the world. However, Sri Lanka does not follow the rest of the world. Well established norms are questioned, challenged and changed in Sri Lanka to suit politicians and their supporters. What is even more convincing is Independent Ceylon (1948 to 1972) and Sri Lanka (1972 to 1978) had an independent Central Bank.   

Historical Independence of CBSL and Economic Stability

Sri Lanka had a great tradition of Central Bank independence until 1978. Its remnants held some traditional value of independence until 2006. As a result, politicians could not indebt the nation (all government long term debt is either taken by the Central Bank or the Central Bank guarantees debt) beyond repayment capacity. Thanks to CBSL independence, the loan profile of the country was managed well; politicians could not borrow as they pleased; money printing was restricted to currency requirement which was tied to economic growth, and reserves of the CBSL were very healthy and were protected from looting, misappropriation and fraud.

Until 1972 Central Bank’s independence was guaranteed by the law as there was no one in a government post who could interfere with the CBSL. There was no executive president then. Sadly things changed since 1978 with the creation of executive presidency. The executive president could interfere with anything. Fortunately, no executive president interfered with the CBSL until 2006 recognizing the need to keep it independent.

The economy was stable. Just two years had negative economic growth rates but bounced back immediately. International lenders and trade creditors trusted the CBSL (as it was independent from the government) and credit ratings held their ground at acceptable levels.

Interference Since 2007 and ISB Debt Trap

Unfortunately, CBSL independence ended in 2006. Politicians appointed another politician to the top post who did not rise through the ranks. A Central Banker who has risen through the ranks would be skilled appropriately to manage it. A top business executive without political affiliation would fair reasonably in the post. However, in 2006 the appointee contested the 1999 provincial council election and was elected and he also contested parliamentary elections thereafter.

No surprise that Sri Lanka issued its first ISB (International Sovereign Bond) in 2007 for $500 million. The decision was taken by the government but the CBSL did not have independence to say no. It was a modest amount (though five times that of the Lotus Tower) but it was the first time Sri Lanka went for market borrowings. Previously the CBSL was not interested in foreign market borrowings as they are extremely costly (high and variable interest rates), they must be repaid within 5 years in US dollars, no grace period and no accountability over where it is invested. Thus started Sri Lanka’s loan death trap. Started small but as expected it snowballed out of control. By now about 50% of Sri Lanka’s foreign debt is ISBs.

Further Interference and Hedging

While ISB foreign loans snowballed, lack of CBSL independence led to other undesirables too. State corporations were not only allowed to borrow directly (bypassing CBSL) from foreign loan creditors, they were also allowed to enter in to speculative hedging deals with commercial banks. CBSL never allowed it before but as it lost its independence, it could only be a helpless spectator of this economic calamity. However, the CBSL was compelled to guarantee foreign loans taken directly by corporations. This bankrupted these corporations too as they had no foreign currency earnings. (This was the reason they were not allowed to borrow directly until 2011).

This move achieved a political outcome. Direct foreign borrowings of $9.5 billion by state corporations was kept out of CBSL books. The government boasted a lower than actual foreign loan figure just to hoodwink the public. As a result, even most economists were unable to forecast the impending debt and economic crisis as they traditionally based their analyses only on CBSL annual reports.

Sri Lanka started suffering credit rating downgrades as the CBSL was not guaranteed independence.

CBSL Gold Reserves, Greek Bonds and 2015 Bond Fraud

Other effects of lack of independence were seen in the mismanagement of the nation’s foreign reserves and CBSL gold reserves. Instead of growing these, lack of central bank independence meant they were depleted without replenishment to meet the requirements of politicians and their various visions” (Chinthanaya”). An Independent CBSL would not stand in the way of these visions” just to disrupt them. However, an Independent CBSL would not deplete its reserves and would advise the government how to retain the reserves and implement those plans (or the economic reasons for not implementing those plans). Therefore, any action that depletes national reserves would be blocked by an independent CBSL. Sadly, Sri Lanka was denied this protection due to the absence of a law ensuring independence.

Another first for the CBSL happened during this time. Greece was going through economic turmoil and as a EU member it was widely expected to be bailed out by the EU. Some speculative investors bought Greek bonds cheaply hoping they would fetch higher values after the bail out. However, EU’s austerity measures did not allow anyone to profit at Greece’s expense and those who bought them suffered huge losses. An independent CBSL would never have invested in speculative ventures.

In 2015 the CBSL issued local rupee bonds as it does. But this time it was traded by the son-in-law of the CBSL Governor. Interest paid to these bonds were artificially raised to make the trade profitable for the largest buyer! As a result, interest rates across the banking system went up. Cost of capital (which is an addition to CBSL base rates) naturally went up bankrupting many a business venture.

Further Interference and Bankruptcy

Interference continued as years passed. Politicians blamed the CBSL for not using their tools to extend loans to people. Due to the absence of independence, CBSL was forced to do as instructed. It was also instructed to print currency notes recklessly and to repay ISB loans in 2021 and 2022 when it was obvious such payments would permanently deplete basic reserves any nation must maintain.

As a direct result of these moves, Sri Lanka declared it was unable to repay foreign loans on April 12, 2022. Sri Lanka’s inflation went to unprecedent heights and stayed amongst the worse in the world. Economic growth rate went negative for 3 years which is a world record not just a Sri Lankan record.

People Pay CBSL Salaries to Serve Them, Not Politicians

CBSL must be independent. It owes it to the people who pay their salaries. People benefited when the CBSL was independent and suffered due to lack of it. No one wants a central bank independent from the people which is not possible. What is needed is a central bank independent of politicians. Politicians’ claim that the central bank would be another independent state if it were granted independence is absurd. It has not happened in any country and not in Sri Lanka either before 1978. CBSL salaries are paid by the people and not by politicians so politicians have no right to have anything to do with the central bank. Central Bank policy is the same across the world – economic development and stability through effective monetary policy management. That’s all an independent central bank would do. And that’s exactly what a central bank would be unable to do if it is not given independence. The government should manage the fiscal policy which can follow a political vision to the extent it does not clash with the monetary policy. For ease of understanding, it is like managing money in a household. Money can be spent on needs, wants and dreams but only to the extent the household has (or can reasonably repay if borrowed). No one can spend money to pursue their dreams if it bankrupts the household. That includes genuine desires, gambling and even charity if they cannot be afforded by the household. In a functioning household these will be conservatively managed by the mother who is conscious of future money needs and is not concerned about being popular with the children when it comes to money matters.

Today the stakes are even higher. Sri Lanka is at the mercy of international lenders (IMF, loan creditors and trade creditors), and rating agencies. They only accept an independent central bank. If they don’t come to the party, Sri Lanka collapses. There are no more free lunches.

Sri Lanka is at a crossroads – legally enact and ensure central bank independence and overcome the many economic crises it is in or plunge deeper into manifold crises.

India, Bangladesh, Bhutan, Nepal Quadrilateral cooperation

March 18th, 2023

Dr. Shakuntala Bhabani

The subregion has immense potential for economic growth and significant untapped economic potential for intra-regional trade.

Bangladesh, Bhutan, India and Nepal (BBIN)  subregional initiative, which was endorsed way back in 1997 to strengthen the region’s pursuit of trade and economic integration, still has a long way to go.

A projection based on the actual growth rate in GDP achieved by the BBIN countries over 10-year periods forecasts the combined GDP value of BBIN region would more than double in 2035 and reach a level of US$6.2 (trillion) tn in 2030 and further to US$8.3tn in 2035, from US$3.6tn in 2021.

The political consensus in the subregion, among concerned nations and stakeholders, is imperative to strengthen connectivity in the subregion and transform the transport corridors into economic corridors,” says a report titled Multimodal Connectivity for Shared Prosperity: Towards Facilitating Trade in the BBIN Subregion” that was published as a part of the CUTS project entitled, ‘Enabling a Political Economy Discourse for Multimodal Connectivity- in the BBIN (Bangladesh, Bhutan, India, Nepal) Subregion (MConnect).

Implications of lack of a political will could be huge for the participating countries in the regional connectivity initiatives. In the BBIN subregion, one such implication is the member countries’ inability to implement BBIN Motor Vehicles Agreement (MVA), signed in June 2015, to facilitate the seamless movement of cargo. The agreement is expected to enhance intra-regional trade, bring efficiency to trade logistics, and reduce trade costs. In April 2017, Bhutan pulled out of the MVA due to a lack of consensus among the stakeholders and the apprehensions flagged by them,” the report says.

It has also been observed that non-tariff barriers and inefficient trade practices due to limited political consensus increase the cost of trading, which, in turn, raises the prices of goods (including essential goods) or even results in the unavailability of goods in certain regions. This induces people to indulge in informal trade, which not only creates a loss of revenue for respective governments but also endangers border security,” it says.

Citing the instance of no formal connectivity between Mizoram and Bangladesh but due to cultural ties between the residents on both sides, complementarities in demand, remoteness of the border areas, unavailability of all-weather roads, and absence of formal trade points, border residents have opted to trade through informal routes to ensure food security for themselves. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Master Plan further corroborates the argument on the need for political consensus for Transport Connectivity. The Master Plan mentions political will and commitment on the part of the member states, demonstrated by cooperation between and among participating states, as one of the critical success factors for connectivity initiatives.

Various agreements have been proposed (BBIN railway agreement), and signed (such as PIWTT, BBIN MVA, and India-Bangladesh coastal shipping agreements); varied infrastructure has been built to promote and strengthen multimodal connectivity subregion, but there is still a long way to go.

A few prime reasons are poor inter-linkages between modes; rent-seeking activities; poor coordination among agencies; lack of political consensus both inter-country and intra-country; primitive trade practices; absence of required infrastructure; less reliance on automation and mechanisation; and lack of harmonisation of rules, practices, standards and policies among the BBIN countries.

One of the major challenges to better integration and political consensus in the BBIN subregion is power asymmetry due to their sizes, geographical location and other factors. Smaller countries such as Bhutan and Nepal often consider increased intra-regional trade as increasing dominance and greater dependence on larger economies such as India. In this subregion, other countries have a significant trade deficit with India. Moreover, perceived unequal gains among the nations from any initiative often limit cooperation among them,” it says.

On March 10, a special announcement aimed at easing the hostility between Saudi Arabia and Iran came from both sides.

March 18th, 2023

Fumiko Yamada

China was the mediator of the talks held in Beijing. After four days of talks, two regional rivals in the Middle East, Iran and Saudi Arabia, have agreed to restore diplomatic ties.

This significant diplomatic shift is undoubtedly an important event for all countries, especially for the Middle East. Because in the current world situation, the political importance of the Middle East and the role of the two countries in regional security are immense.

It should be noted that the relationship between Iran and Saudi Arabia began to deteriorate from 2016. The deterioration of diplomatic relations between the two countries centered on the death of a religious leader in Iran. However, the two countries have long had ideological, political and Middle East antagonisms. The bitter relationship between the two countries intensified over the war in Yemen, and later, Covid-19 and the war in Ukraine added a new dimension to the whole situation.

Saudi Arabia and Iran have agreed to reopen their embassies, a joint statement released after talks in Beijing said. Both sides also agreed to respect each other’s sovereignty and not to interfere in each other’s affairs. So, the Saudi-Iran deal is a changing strategic situation and is indicative of changing geopolitics.

On the other hand, China’s role behind this massive political change is being highlighted very significantly. It can be said that the normalization of diplomatic relations between Iran and Saudi Arabia through the mediation of China is a new issue in world politics. On the other hand, this event is a diplomatic success for China, which has re-established the country as a superpower.

On the other hand, why China adopted this strategy and whether Saudi Arabia and Iran accepted China’s mediation, this has become an important question at the present time. This assurance between Saudi Arabia and Iran has come forward as part of China’s leading role in establishing world peace. On the other hand, gaining the credibility of both Saudi Arabia and Iran and bringing them to the negotiating table is undoubtedly a diplomatic victory for China.

Recently there has been a shift in various regional alliances and we are witnessing a renewed presence of superpowers at the regional level. Saudi Arabia’s relationship with the United States has been strained in recent times. China, on the other hand, is moving forward with various efforts to strengthen its position across the Middle East. By strengthening economic relations, China continues to strengthen diplomatic relations with countries in the region. On the other hand, in the international reality, we can see that the two countries have become weak in their internal affairs as a result of long-term military operations and mutual negative relations centered on the Yemen war.

However, this agreement has been welcomed in Iran. The country’s senior officials hailed the agreement as a step towards reducing tensions and strengthening regional security. In addition, it has been mentioned in Iranian media that this agreement indicates the “defeat” of the Western world and Israel. It should be noted that Iran is suffering economically due to the Western blockade and currently a group centered on a movement has destabilized the ongoing politics of Iran.

China has been Iran’s largest trading partner for 10 consecutive years from 2012 to 2022. In 2022, Sino-Iranian trade amounted to 15.8 billion US dollars, up 7 percent from the previous year. As a result, China’s exports to Iran increased by 14 percent to 9.44 billion US dollars in 2022 compared to 2021. This indicates Iran’s good relations with China. This is basically what has made Iran sit at the negotiating table. It is also a way out of the current situation.

On the other hand, China is Saudi Arabia’s largest trading partner. In December 2022, China exported $3.54 billion worth of goods to Saudi Arabia and China imported $5.67 billion worth of goods from Saudi Arabia. The positive stance of the Saudi government in negotiations with Iran through the mediation of China is understandable. China is the world’s largest buyer of crude oil, and the country imports more oil from Saudi Arabia than any other source. China’s crude oil imports accounted for nearly half of the $87.3 billion in bilateral trade between the two countries in 2021, accounting for 77 percent of China’s total imports from Saudi Arabia. In contrast, Saudi Arabia imported more than $30 billion worth of goods from China in 2022, including technological equipment, telephones and other equipment.

Saudi Arabia’s role in Middle East politics is considered the most important. A country’s foreign policy influences regional and even global policy. Prince Mohammed bin Salman has outlined a radical change in Saudi Arabia targeting the year 2030. In this regard, regional cooperation is a regulator, which is why the Saudi government wants to maintain good relations with Iran. Saudi Arabia is already facing a great economic pressure due to the war in Yemen. Added to this is the ongoing global economic crisis, which has put the Saudi economy under a strain. Therefore, the importance of China’s mediation is understood.

However, through this change, the role of the Middle East in the world will increase. On the other hand, China is going to play a new role in international politics. For China, this diplomatic success will act as a game changer, challenging the influence of the Western world in Middle East politics. Besides, this agreement is an unprecedented achievement for China in filling the strategic vacuum left by the US and Russia and emerging as a reliable global partner.

Good relations between Saudi Arabia and Iran are crucial for the peace and security of the entire Middle East, which will bring to the fore the role of diplomatic settlement in moving the region to a conflict-free state in the coming days and resolving the ongoing crises. Such peacemaking may see changes in other unresolved regional issues as well. In fact, this agreement between Saudi Arabia and Iran will be an example in solving various crises in the future.

In the coming days, Saudi-Iranian relations will be tested depending on regional and global developments. Israel’s pressure on the US, the course of Iran-Europe relations, and Iran’s sincerity and goodwill will determine the deal’s future. Along with this, there is a cautious step by Saudi Arabia. On the other hand, if Saudi Arabia and Iran work together, we will soon see an end to something like the Yemen war, which will undoubtedly be a victory for global humanity. In addition, China’s diplomatic success and this new strategy and agreement to establish peace in regional politics have created a new arena for China’s competition with the Western world. However, these equations depend mainly on the successful implementation of this agreement.

Humanity is losing due to the Biden-Putin war

March 18th, 2023

Fumiko Yamada

February 24 marked one year of the Ukraine-Russia war. A year ago, Putin’s 200,000 troops invaded Ukraine with arrogance and arrogance. The roar of the Russian tank fleet, some 35 miles long, died down within a few days. We have seen the devastation of tank fleets and the pursuit of Russian troops in various media, including social media. By miscalculating the military, Putin thought he would arrive in Kiev with his troops and vassals while eating pies. But the West, led by the US, has fueled the armed forces and people of Ukraine with arms, ammunition and logistics to sustain the war of resistance. As a result, Putin has seen some success in a year-long war. Now it is not visible where the end of this war is. There is nothing but stories of destruction, human rights abuses, war crimes and indescribable suffering of the people of the world. As a result, even if no side wins this war, the defeat of humanity is certain.

Although there is no strong reason behind this war, the worst since 1945, there is an equation between US arrogance and Russia’s security concerns. After the collapse of the Soviet Union in 1990, the United States was assured of its security and established global hegemony. When the threat of socialist imperialism ended, they became concerned with the rise of Islamic power. The United States intervened directly or indirectly in various Muslim countries including the Middle East to prevent the Islamic renaissance at that time. Some Muslim countries quarreled among themselves and supplied weapons to one side, some directly joined the war, and some indirectly intervened by giving other Western allies. Even in some places, it takes the method of preventing the rise of political power of Islam by standing the opposition political power of the respective country.

We have seen these American interventions in the Iraq-Iran war, the war of the Gulf Multinational Forces, the war in Bosnia, the thwarting of the Algerian elections in 1991, the independence of East Timor, the Sudan crisis, the Afghanistan war, etc. everywhere. Even before this time, during the Cold War, the direct or indirect intervention of the United States in conflicts in all parts of the world has its signature. In other words, part of the foreign policy of the United States is to maintain its own authority where it is necessary to start a conflict or get involved in the conflict and where it is necessary to lead the peace process, so that its interests can be fully realized everywhere. Thus, in the world of single superpower, when the Americans are busy with the Muslim world; Then China and Russia started coming out of their shells. China became busy increasing its influence in the country through trade and commerce. On the other hand, Russia is turning around after the transitional period of the 90s. Under the leadership of the authoritarian Putin, Moscow is trying to rise again geopolitically in the world court. In this situation, the United States suddenly regained its composure. Understandably, China and Russia are rapidly rising to take advantage of Washington getting stuck in the sands of Afghanistan in the name of the Makey War on Terror. In the midst of this, Joe Biden, a politician who ascended to power in the United States, checked the world geopolitical situation and hastily ended the unfinished war by withdrawing all troops from Afghanistan to save money and manpower for the next war. He followed the strategy of his predecessors to prevent the rise of Russia. Focused on expanding NATO to eastern Europe. Meanwhile, Russia occupied the border city of Crimea with Ukraine in 2014 to ensure the security of its borders. As a result, Ukraine’s pro-Russian President Yakunavych fell and pro-Western and pro-American Zelenovsky came to power. After being elected president, Zelenowski began pushing for NATO membership. On the other hand, the West, led by the United States, continued to urge it to join NATO. As a result, Putin feels NATO’s hot breath on his neck. Putin believes that Russia’s security is going to be under serious threat. With no opposition political forces in the country or anyone to consult with him, the headstrong and brutal autocrat Putin launched a unilateral invasion of Ukraine on February 24 last year to counter the potential threat of NATO’s expansion to his country’s borders. Perhaps this is what US President Joe Biden wanted. He immediately united Western Europe against Russia and initiated an all-out cooperation effort against Russian aggression in Ukraine.

It has made it easier to wrap the world, control the economy, protect the overall interests of the US, including the arms trade. Usually all US presidents are seen to follow such foreign policy. Since the Americans do not have any major problems in their own country or because the country is relatively stable, the US leaders have been showing a tendency to occupy the leadership seat on the problems of any part of the world outside the country in order to maintain their popularity in domestic politics. As part of that, the US is leading the West Europeans in the Ukraine war. Currently, as the Islamic revolutionaries in Muslim countries have waned, the Americans have changed the slogan or excuse for their intervention in various countries from ‘war on terror’ to ‘human rights and democracy’. In the name of ‘war on terror’, the worst lie in history has invaded Iraq and Afghanistan and killed millions of innocent people including women and children. However, Hindutva terrorism in India and Jewish terrorism in Palestine are being closely condoned. That is, since the said two countries are against Muslims; Therefore, President Biden sees Hindutva and Zionist terrorism as a self-defense struggle. And despite the demands of the “democracy and human rights” watchdog, the US leadership is completely silent on the question of Egypt’s militarism, Saudi killings in Yemen, destruction in Syria, etc. That is, the philosophy of American human rights and democracy is only related to the interests of America! That is why they are continuing to cooperate with Russia in Ukraine.

Analyzing the results of last year’s war in Ukraine shows only devastation. About 1.3 million people have been displaced. Of these, 8 million have emigrated (New York Times : 02/03/2023). The number of civilian casualties is eight thousand and six. And 13 thousand 287 soldiers were killed on both sides (UN Human Rights Commission: New Horizons: 25/02/2023). Russia has been able to establish military dominance in parts of Ukraine in a year of fierce war. But the damage has been extensive. Many Russian generals were killed. At the same time, military weaknesses have been exposed. At this time, the Russian economy suffered a lot but did not collapse. Western powers thought they could contain Russia by imposing an economic embargo. But that was not possible because of the Russian economy’s reserves of food grains and raw materials to turn the wheels of technology-dependent Western industry. Russia supplied 17.5 percent of the total oil supplied to the world market in 2021, 47 percent of palladium, 16.7 percent of nickel, 13 percent of aluminum and 25 percent of potash fertilizers (First Light: 02/03/2023). On the other hand, the damage to Ukraine is more terrible. The country’s infrastructure, especially the energy infrastructure, is on the brink of collapse. On the other hand, the impact of this war in the global field is very serious. The lack of foodgrains and fuel in the world market and inflation has reached extreme levels, about 166 million people have gone below the extreme poverty line (Pratham Alo : 24/02/2023). As a result, the footsteps of famine are heard in the developing countries. On the other hand, the related countries are increasing the military expenditure to cover the cost of this war. This money is going away from common man’s rice, clothes and education and medical sector. It is known that 62 percent of the world’s total military expenditure is spent by the United States, China, India, the United Kingdom and Russia (Prothom-alo : 22/02/2023).

No signs of an end to the war in Ukraine are yet apparent. Recently, China proposed a 12-point peace proposal to end the war. Ukraine has commented that the proposal is unilateral. And because China itself has failed to condemn Russia’s aggression, the West is looking at the peace proposal with suspicion. Rather, America has warned China against supplying arms to Russia. Analysts do not think that this peace proposal can play an effective role in the work. Meanwhile, many people think that the United States wants to keep China busy by creating tension in Taiwan so that China cannot join the war with Russia. That is why it can be seen that in the last one year, the amount of provocation and war of words that the United States has given to China regarding Taiwan has never been seen before. Because the relationship between China and Russia has deepened since the start of the Ukraine war. At the G20 summit in New Delhi last week, US Secretary of State Anthony Blinken spoke for ten minutes while walking with Russian Foreign Minister Sergei Lavrov. There, Blinken urged Lavrov to withdraw all troops from Ukraine (Prothom-alo : 21/02/2023). On the other hand, Ukraine’s defense minister also claimed that peace talks with Russia could be held on the condition of withdrawing all Russian troops and returning to the 1991 borders. Already, the West has given about 4 billion dollars of military aid to Ukraine, including 3 billion dollars from the United States (previously). Again NATO has promised full cooperation against Russia. On February 20, President Biden suddenly visited Kiev and announced in a strong voice, “Russia will never win in Ukraine, never”. He has promised that the US will stand by Ukraine as long as it takes to win the war (Prothom-alo : 27/02/2023). In this situation, Russia is making all preparations to increase the intensity of the war in the coming spring. All in all, the Ukraine war has become a war of attrition. Neither side shows signs of backing down or winning.

However, the economic condition of America after Corona is not the same as before. Therefore, the Americans are not taking well the fact that President Biden’s huge amount of money is helping the war in Ukraine. Biden is said to be feeling such pressure. In this situation, it is difficult to say how long the Biden administration will be able to help Ukraine and the West to continue this war. It may also be that, ahead of the November 2024 election in the United States, Biden may suddenly try to become a hero to the Americans through some kind of negotiation or compromise. And Putin will not be able to carry the burden of this war for a long time. So Putin may respond to any compromise offer by Biden. In the past, American politics was done outside the country. That is, relying on world conflict-peace politics, the US leadership tries to draw voters towards them. So the world will have to wait until then to be freed from the terrible effects of the war in Ukraine. But if the brutality of Russian forces in Ukraine escalates in the name of “Operation Spring” or if Ukraine is on the verge of destruction, the American population will turn towards Ukraine and hatred against Russia may arise. If things go that way, President Joe Biden may take steps to increase aid to Ukraine. In that case, the end of this war may not be immediate. But by then world humanity may have reached the brink of defeat.

‘Israel has developed advanced technologies and methods for water conservation and management’

March 18th, 2023

By Abhinav Singh Courtesy The Week

Tammy Ben-Haim is the Consul General of Israel to South India, based in Bengaluru. Haim is a highly experienced diplomat with 18 years of experience in the Ministry of Foreign Affairs and 25 years in the civil service. Most recently Haim was the Minister for Public Diplomacy in the Embassy of Israel in Washington DC. Between 2016 and 2018, Haim served on the South Asia Desk at the Ministry in Jerusalem, where she oversaw and coordinated Prime Minister Narendra Modi’s historic, first-ever visit of an Indian leader to Israel, and the reciprocal visit of Prime Minister Benjamin Netanyahu to India. Interestingly, Haim had earlier also served in India as counselor for internal politics, liaising with the Indian parliament and lawmakers and fostering relationships with state leaders. During this stint, she had additional responsibilities for Sri Lanka and agricultural cooperation. Haim has a Master’s Degree in International Relations from the Hebrew University in Jerusalem. In an interaction with THE WEEK, she talks about the significant role the Israel Consulate is playing in improving collaboration of Indian companies especially the start ups with their Israeli counterparts in different fields such as agri tech, aerospace and water management etc.

What kind of collaboration is Israel aiming at with technology start ups based in Bengaluru and the the rest of South India? What kind of technology areas are being explored?

When the Israel Consulate for southern India was established in Bengaluru in 2012 we had eventually chosen the location over Chennai due to Bengaluru’s reputation as the leading IT innovation spot in India. Bengaluru is not only a hub for innovation in India but also on a global scale. Israel has made efforts to create an ecosystem that is startup and innovation-friendly, similar to what is happening in Bengaluru and other cities like Tel Aviv, Haifa, and Jerusalem. The presence of a high-tech ecosystem in Bengaluru was a decisive factor in choosing the location for the consulate. The consulate is focused on facilitating the collaboration of companies and promoting joint initiatives in ways that are suitable for them. The consulate does not dictate which fields or aspects companies should collaborate on, rather its role is to enable companies, governments, and academics who are interested in working together in India to achieve their objectives. Agri tech and water are some of the areas where cooperation is often observed, but the consulate is open to facilitating collaboration in any field that interests the parties involved.

What kind of collaboration is being worked up in the field of aerospace segment and in agri tech and water management?

Aerospace is definitely a growing sector in both Israel and India. In Israel, we have companies like Israel Aerospace Industries and Elbit Systems, which are leaders in the aerospace and defense industries. Similarly in India there are companies such as the Hindustan Aeronautics Limited (HAL) and Tata Advanced Systems, which are also making a mark in this field. There is definitely room for collaboration and partnership between Israeli and Indian companies in the aerospace sector, and I am sure we will see more of that in the future.

Israel has developed advanced technologies and methods for water conservation and management. This can be shared with neighboring countries facing similar challenges. The consulate sees potential for collaboration and partnerships beyond just India and Israel, extending to the wider region and even into Africa. The recent developments in the Gulf states present new opportunities for cooperation, particularly in the area of water management, where Israel’s expertise can be of great value.

Recently we had a delegation from Kerala that included the Secretary of Agriculture and 27 farmers that visited Israel. This is a great example of the kind of exchange programs we are promoting between India and Israel. We want to facilitate the exchange of knowledge, expertise, and technology between the two countries and help them collaborate in areas such as agriculture, water, and high-tech areas. These visits and delegations provide an opportunity for people from both countries to learn from each other and establish long-lasting partnerships.

What kind of role is the Israel Consulate in South India playing in connecting Israeli companies with India’s workforce and and vice versa?

The consulate plays a crucial role in connecting Israeli companies with India’s workforce and vice versa. For instance, during a recent visit to India, an HR expert from Israel shared her knowledge with Indian companies about what they look for in personnel, helping to bridge the gap between the two countries’ high-tech industries. The consulate is also in regular touch with Indian companies, governments, and academic institutions to foster collaboration. This includes maintaining contact with the governments of South Indian states like Tamil Nadu, Karnataka, Kerala, and Pondicherry, as well as incubators, accelerators, NGOs, and academic institutions like IIT Madras, IIM Bangalore, and the Indian Institute of Science (IISc) Bangalore.

What are the other collaborative efforts on part of the Israel Consulate in south India?

The consulate’s collaboration efforts extend beyond the institutions and organizations mentioned earlier. The consulate also partners with other universities and startups in India, and helps facilitate visits and exchanges between Israeli and Indian businesses. For instance, the consulate recently organized a visit for a venture capital delegation from Bengaluru to Israel, where they had the opportunity to meet with different companies and academic incubators across various industries.

What more can be done to improve relationship of Israel and Indian companies in South India?

I feel one of the major factors is that direct flights can definitely make traveling easier and more convenient and it can also contribute to strengthening the relationship between the high tech sectors in Bengaluru, rest of south India and and Israel. I hope that in the future, there will be more direct flights between the two countries to facilitate smoother business and cultural exchanges. 

Sri Lanka’s Energy Crisis Is Weighing On its Economy

March 18th, 2023

By Felicity Bradstock courtesy OilPrice

  • Sri Lanka is in the midst of a financial and energy crisis, with high inflation and fuel shortages caused by poor economic management and the Covid-19 pandemic.
  • To manage these issues, the government has introduced a National Fuel Pass to ration fuel, increased taxes and cut energy subsidies, and raised their benchmark interest rate to fight inflation.
  • Sri Lanka is hoping for an IMF bailout which could unlock required funds and attract new investments that may help the country get back on track.

Discussions around Sri Lanka’s energy crisis may have died down since reports of a major financial crisis in the Asian country circulated last summer, but Sri Lanka is still a long way from economic recovery. As it awaits an International Monetary Fund (IMF) bailout to support its rebound, it continues to face major fuel shortages and lower industrial activity, as it focuses on fostering new energy partnerships and attracting new investments. 

In the last quarter of 2022, Sri Lanka was driven even further into recession, as borrowing costs reached a two-decade high, with funds being used to manage inflation. The country’s GDP dropped by 12.4 percent between September and December, compared to the same period in 2021. Sri Lanka’s economy has now contracted for four quarters in a row, marking the worst financial crisis for the state in seven decades. 

But help may be on the way, as Sri Lanka hopes the IMF will unlock a $2.9-billion bailout that was approved in September at their meeting next week, which could attract greater investment to help the country begin to get back on track. Sri Lanka has been making changes to support its application for funding including increasing taxes and cutting energy subsidies, it also introduced a more flexible exchange rate and increased its benchmark interest rate to address inflation. In recent months, consumer costs have been sent sky high, as the country faced supply shortages and has few funds for its imports. However, as IMF funds start to arrive, the country’s economy is expected to begin on the long road to recovery. 

A major knock-on effect of the economic crisis has been seen in severe energy shortages. 

Last year, Sri Lanka ran out of fuel, causing schools to close and resulting in widescale protests. The lack of fuel was blamed primarily on poor economic management and the Covid-19 pandemic. It was further exacerbated by the unwillingness of suppliers to provide new shipments of fuel following years of unkept promises and overdue payments – totalling around $700 million last July. 

Following the start of the energy crisis, the government introduced a National Fuel Pass” as a means of rationing fuel, which provided people with a weekly quota based on the number plates of registered vehicles. It also implemented a 12-22 percent rise in fuel prices, which drove up inflation. Citizens and potential foreign investors called for new fiscal reforms to address the economic and energy crises and establish a roadmap for recovery. 

The crisis largely stems from Sri Lanka’s reliance on foreign energy products for the country’s industrial development. The lack of available fuel has brought much of Sri Lanka’s manufacturing operations to a halt and meant that households and businesses have been left facing severe financial difficulties. 

In February this year, Sri Lanka increased electricity prices by 66 percent to encourage the IMF to approve funding. Inflation has already reached 54.2 percent and there are worries that this increased cost will drive inflation up further. However, the government is still finding it difficult to afford vital fuel imports because of its low foreign currency reserves. Therefore, it is justifying the increase as a means of convincing the IMF to bail it out, leading to the introduction of effective fiscal policies and longer-term economic improvements. The country’s Energy Minister, Kanchana Wijesekera, stated We know that this will be hard on the public, especially the poor, but Sri Lanka is caught in a financial crisis and we have no choice but to move towards cost-reflective pricing.” Wijesekera added, We hope that with this step Sri Lanka has moved closer to getting the IMF programme.”

But the turmoil has not stopped foreign interest in the country’s energy sector. In February, India said that it would be signing a pact to link the two countries’ power grids and begin negotiations on an amended trade agreement within two months. India has already given Sri Lanka $4 billion in assistance, but Sri Lanka is hoping to enhance its trade relations and investment perspectives, as it edges closer to receiving IMF funding. 

The Sri Lankan High Commissioner Designate to India, Milinda Moragoda, explained: We have to have growth, otherwise basically the economy will shrink.” Moragoda added As far as growth is concerned, India offers that prospect. So we will have to move on that. Tourism from India, investment from India, integration with India. That’s what we have to do.” Part of this plan includes the development of the country’s renewable energy resources in the north for power to be exported to southern India through a cross-border transmission cable.

Meanwhile, China’s Sinopec announced this month that it plans to finance the construction of a refinery in the Hambantota district in Sri Lanka. Representatives from the energy firm offered Sri Lankan President Ranil Wickremesinghe a proposal outlining their readiness to invest in the import, storage, distribution, and marketing of fuel to cater to Sri Lanka’s energy requirements.” The refinery could provide a minimum capacity of 100,000 bpd for export. This would add to Sri Lanka’s low export capacity from its ageing 50,000 bpd Kelaniya refinery. Investments in the country’s energy sector could help Sri Lanka solidify its long-term energy security, even if it faces shortages in the short term. 

Sri Lanka remains in a state of limbo as it waits for the IMF to release much-needed funds to introduce new fiscal policies and begin on the road to economic recovery. Meanwhile, the government is focusing on fostering relations with other countries in the region to help attract investments and boost its long-term energy security. Only time will tell if the island state can pull itself out of both its economic and energy crises. 

WHAT ARE POLICY ACTIONS TO IMPROVE INTERNATIONAL AND DOMESTIC VALUES OF SRI LANKA RUPEE?

March 17th, 2023

BY EDWARD THEOPHILUS

The value of Sri Lanka rupee (Domestic and Foreign Values) is based on the success of policy action relating demand and supply of the rupee for various purposes. People need to understand that demand and supply values of Sri Lanka rupee would be based on several factors and the policy makers should clearly understand these factors and develop effective policies for the country and implementation of such policy actions would be the way improvement of the value of the Sri Lanka rupee. What are the policy actions.

  • Development of foreign reserves of Sri Lanka to more than US $ 10 billion and beginning of repayment of loans without affecting the reserves.
  • Taking strict policy actions to balance the government budget, this may be related to fixing tax policy to gain about 80% the government revenue from taxes and other 20% from the excess of government business. The concept of deficit budget may be useful to the country, but the policymakers arrange actions to get away from the idea. Why the Sri Lanka is hanging on budgetary policies created by J.M. Keynes long time ago?
  • The two major accounts of the balance of payment, (Goods and Services and Investment) should arranged to gain excess and overall balance should be balanced without debt for balancing the budget.
  • Improvement of earning from Tourism and exports using traditional and non-traditional actions.
  • Bring the earning from foreign employments and develop various services to foreigners to make more income to the country.
  • Develop international IT services to sell foreign countries
  • Eliminate corruptions in the country and transfer politicians to support policy development and improvement, but not for consuming such services.

If successfully develop policies for above points Sri Lanka rupee would be radically increased its values and people would be prosperous.

Central Bank disputes Fitch Solutions’ forecast on rupee

March 17th, 2023

Courtesy Daily Mirror

Disputing the grim forecast of Sri Lanka’s exchange rate by Fitch Solutions by the year-end, Central Bank Governor Dr. Nandalal Weerasinghe raised concerns on the basis of the forecast while stressing that such long-term predictions on exchange rate are not prudent.

Fitch Solution recently maintained its forecast for the rupee to weaken to a record low of 390 per dollar by the year-end despite the positive prospects of the country securing the US$ 2.9 billion International Monetary Fund (IMF) bailout package.

Dr. Weerasinghe noted that annual debt service obligation to the tune of US$ 6 billion until 2029  has been one of the assumptions of this forecast. However, he stressed that such a high figure of foreign debt servicing is unlikely given that the country is engaged in debt restructuring negotiations. 

Further, he opined that such a long-term prediction on an exchange rate of a currency is not practical.

Referring to the recent appreciation of the rupee, he remarked that the market will adjust to a new rate and if the need arises, the CB stands ready to intervene in the forex market in a limited capacity.

We have a small market, that’s why the exchange rate fluctuates a lot. That’s why the CB is required to intervene in the market to a certain extent. However, the CB would not act against the direction of market forces,” he stressed.

A Political Watchdog Speaks Out.

March 17th, 2023

 Insight By Sunil Kumar

 March16.2023

 ” Political, social and economic issues have suddenly sprung up alarmingly” says a popular and credible Watchdog reporting to the Media  which despite their negative sounding nature needs to be heeded  in  this expected” Era of Progress ” since the woeful troubles of the past due mainly to a wayward, corrupt and deplorably failed administration still not apprehended for their crimes of attrition and continue their existences perhaps covertly in some measure.!

 Indisputably the Watchdog says  “The constitution is appreciably violated, state thuggery and aggression are set in place to restrain  people’s uprising thus silencing the people’s voices as a violation of  democracy. The Government has no concern of people’s sovereign rights  but says the priority is to restore the economy at any cost,  neglecting social responsibilities as a form of Governmental Policy  which precludes the rights of the population beyond any small  measure.”

 Now here’s the alarming part ! “With these actions, the Government  displays very specific characteristics towards heading to a tyrannical> regime. Will people tolerate such evolving of a power center or resort to an arms struggle in the near future? The leaders should very well  be aware of the 1971 and 1989 insurrections of the JVP and the civil  war with LTTE which intensified since 1983 and ended with mass  killings  and carrying out violence through State machinery, is the  Government inviting the” Aragalaya” or very forceful group of  organized conscientious objectors  to resort to similar struggles the  question has been asked? Where it is certainly hoped not as the Nation  has been,through the rigors of  domestic uprisings of the recent past  of a painful nature.The Government needs to be warned and advised  towards taking the necessary measures within a legitimate and> constitutionally correct framework towards correcting an erratic path> it seems to be following.

 Regarding elections (with relevance to the LG Elections also) : These are the core principles of a democracy and the sovereign rights of the  citizens to choose the members to serve for the country and people for  a set period being followed?. Tactics recently employed by the  Government are said to be in total violation of democratic rights and  against the norms of a Socialist Democratic Republic” which has  become a decorated label of the state and for marketing.The ruling of  the Sri Lanka Supreme Court (SC) with three judges on the bench sent a  clear message to the President and the respective heads of government  who carry out orders scripted by the executive, willingly or  unwillingly. People are waiting for a new date to be announced by the  Election Commission (EC) where the State Minister of Finance assured  that the Government will abide and honour the SC ruling. It is the> fervent hope of all concerned that the Government will not resort to  any further detrimental scenarios to delay or null the local> government election.

 It is visibly apparent that the past few weeks have seen opposites  expressing their views criticizing the tactics of the Government to  delay and prevent the elections sighting quotes of Government MPs that  the current situation is not conducive for elections and must restore  the economy first before any elections. In support of the  Government,.A debatable point with some credibility where the> President has addressed Parliament lately and said there is no  election in the offing and addressed Government MPs for assurance> asking “how many of you have been canvassed by opposition, primarily the SJB not to hold elections? While this rhetoric on the part of the of the Chief Executive has been deemed questionable yet his parliamentary cohorts unreservedly acknowledge what was said including the PM,  leader of the house and chief Government whip.Point to ponder upon certainly.

 While the opposition party leaders vehemently were critical of  the  Government action, the NPP response was somewhat gentle and in total,  quite opposite to their street protests. The President also mentioned  that some have told him that they will continue aggressive street  protests but will sit-down when the time is ripe, also somewhat  alarming wondering what exactly was meant by such a duplicitous  statement!

  While the SJB approach is totally in contrast to the NPP which  believes that the path to force the Government was through street  protests and criticizing  the Government on their political platforms.

 In the recent protests however where one of their comrades got killed  as a result of confrontation with Police, Government will exercise its  full force within reasonable restraint to restrain the advancements  which is not surprising as the maintenance of Law and Order has to be  the foremost priority.

 For the past several months, the Government and Governor of CBSL

made> announcement that SL is now ready and the deal with IMF will be

signed

 off forthwith. Such statements will make the public happy in the short  term, but the prolonged delay and uncertainty will definitely create> anger and animosity. Rather than making damage control statements at> convenience the Government put enormous burden on the most vulnerable of the country which is the majority,and rather unfortunately has not moved a finger to lift the burden in spite of protests but instead are  spending lavishly on State celebrations as the Watchdog has observed..

 The recent economic performances should not be judged only by a few  details perhaps which favour the Government, such as the rise in  Rupee, bringing down inflation, thus saying the country is on the

path> of recovery. The rate of unemployment – very critical, GDP,

primary

 account balance, trade balance, per capita income, wage growth and many more need to be assessed and not to be compared with countries in  the South Asian region thus deceiving the public as their status of  the economies are not the same as Sri Lanka at present.

 The recent heavy-handed action of Police to disperse the nonviolent  protesters with  tear gases and water cannons are deplorable.

It is believed the officers on ground were carrying out  orders as per the Government’s instructions.The Government apparently does not care about the appeals of the Human Rights Council of Sri Lanka; it is also  questionable as to why international communities are keeping a blind  eye for carrying out these atrocities. Delayed intervention by the international communities will bring severe and multiple repercussions.

Countries cannot be governed by falsely presented  economic factors, neglecting the social responsibilities where  one  day the mass protestors are bound to achieve what they are aiming for,  social justice for every citizen, every family and every community  where the Watchdog’s observations do not seem to be inaccurate from  many perspectives albeit somewhat inflammatory and stringent to some observers  which of course is a matter of opinion.

Central Bank’s lack of independence led to Sri Lanka economic crisis: Weerasinghe

March 17th, 2023

Courtesy The Telegraph Online

The governor made the statement while talking about a proposed bill aimed to provide autonomy to the Central Bank without any undue influence from the fiscal authorities or the government

Nandalal Weerasinghe.

Nandalal Weerasinghe.

Nandalal Weerasinghe has cited the lack of independence of the apex bank in determining the monetary policy as a reason for the country’s unprecedented economic crisis.

The Sri Lankan government in May last year declared a debt default on over USD 51 billion in foreign loans — a first in the country’s history.

Weerasinghe made the statement on Thursday while talking about a proposed bill aimed to provide autonomy to the Central Bank without any undue influence from the fiscal authorities or the government.

“In 2020, 2021 and 2022, the policy interest and exchange rates were fixed without the Central Bank,” Weerasinghe said.

The exchange rate was fixed at Rs 203 leading to the total loss of our reserves and bankruptcy”, he said, recalling the situation prevailing at the time of his takeover last year from his predecessor Ajith Cabraal.

He said it was important to let the Central Bank act independently to determine the policy interest rates and exchange rates.

“The omission of the Secretary to the Treasury from influencing the monetary policy is a new welcome feature,” he added.

The Secretary to the Treasury is left out of both the 11-member monetary policy board and the 7-member governing board under the proposed bill.

What happened was the Treasury unduly influenced the monetary policy in favour of the fiscal policy, that’s why our key policy indicators (KPI) dipped by 50 per cent”, Weerasinghe said.

Setting up of a new Coordination Council has also been proposed under the draft law to maintain coordination of fiscal, monetary and financial stability policies.

However, the Central Bank executive officers have objected to the new bill, claiming that it does not promise full independence. They are to petition the highest court on the bill.

The IMF in September last year approved the bankrupt country a USD 2.9 billion bailout package over 4 years pending its ability to restructure its debt with creditors — both bilateral and sovereign bondholders.

The independence of the central bank and other tax and revenue reforms are part of the work to unlock the Washington-based global lender facility of a 2.9 billion dollar bailout.

Sri Lanka awaits the IMF board’s formal approval of the facility on March 20.

Except for the headline, this story has not been edited by The Telegraph Online staff and has been published from a syndicated feed.

First ever free-of-charge conference, banquet hall to open on Monday

March 17th, 2023

Courtesy The Daily Mirror

Sri Lanka’s first-ever free-of-charge, luxury, high-tech-equipped, conference hall and a grand banquet hall are to be declared open at the Devram Vehera temple in Pannipitiya on Monday (20).

Temple’s founder Ven. Kolonnawe Siri Sumangala Thera said the conference hall and wedding hall were built for the people to conduct their social activities, such as seminars and lectures, free of charge.
The conference hall has a seating capacity of 500 participants.

Meanwhile, Ven. Sumangala Thera said that the wedding hall was also designed with the latest luxury facilities, where up to 200 participants can be accommodated for a single ceremony.

Ven. Thera said the decision was taken to build a wedding hall considering the young couples who are unable to wed due to financial issues.

“The temple will provide all required facilities, such as the wedding poruwa, to have the ceremony. While providing all the facilities, a wedding ceremony would be held in a Buddhist religious environment. If any couple has decided to postpone their wedding due to financial issues, the organizing committee of the temple will provide full assistance for them to have their wedding ceremony, including providing the wedding suits for the bride and groom followed by meals for all participants free of charge,” he said.

Using alcohol or liquor is strictly forbidden as the wedding ceremonies take place in a religious setting.

Playing simple music is allowed, except DJ music, which causes disturbance to the environment,” he said.
The ambition of providing these facilities for social service is to produce people who are useful to society, Ven. Sumangala Thera said. (Chaturanga Pradeep Samarawickrama)


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