News
NPP sees good side of IMF deal
By Rathindra Kuruwita
National People’s Power (NPP) will not cause sudden disruptions to the fragile Sri Lankan economy by unilaterally withdrawing from the agreement with the International Monetary Fund (IMF), NPP presidential candidate Anura Kumara Dissanayake stated on Tuesday during a meeting with the business community in Colombo.
“We assure that under our governance, we will do nothing to destabilise the economy. Our aim is to stabilise the economy, strengthen it, and move it forward. We are a political party that holds itself accountable to the people,” Dissanayake said.
Dissanayake acknowledged that the NPP was aware that debt restructuring negotiations with both bilateral and commercial creditors were now closely linked to the agreements with the IMF.
“Sri Lanka’s entire debt restructuring process is intertwined with the IMF agreement. Anyone suggesting that withdrawing from this agreement unilaterally is an option is not acting in the best interests of the people. The NPP guarantees that we will not take such a step,” he asserted.
The NPP leader noted that Sri Lanka must meet several IMF-imposed targets. For instance, the country is required to maintain a primary surplus of 2.3 percent of GDP from 2025, and reduce the public debt-to-GDP ratio to below 95 percent by 2032.
“These targets in themselves are not harmful to the country. The real issue lies in how we achieve these objectives. There is no single path to meeting these goals, and we will engage in discussions and carry out our plans within these given parameters,” Dissanayake said.
He went on to criticise President Ranil Wickremesinghe and his allies for attempting to instill fear in the public by suggesting that the NPP would pull out of the IMF agreement. “Stop trying to scare the people,” he said.
News
Now, Herath dares Udaya to release Easter carnage committee reports
By Rathindra Kuruwita
If Udaya Gammanpila had access to documents on the Easter Sunday attacks that the current administration does not have, he should hand them over to the government without asking the government to release them, Cabinet Spokesman and Minister of Public Security Vijitha Herath said yesterday.
Responding to a query at the Cabinet press briefing, Herath said Gammanpila had been a Cabinet Minister of the government of Gotabaya Rajapaksa and that he should have pressed the former President to release documents pertaining to
the Presidential Commission of Inquiry on the Easter Sunday attacks.
“We feel there is a need to conduct a fresh investigation into the attack. We have announced the commencement of the probe. We will soon issue a report on this,” he said.
On Monday (14) Gammanpila called on the government to release two unpublished committee reports on the Easter Sunday attacks within one week.
Gammapila warned that should the government fail to release the reports, he would publish them online.
“None of these reports are incomplete, and none have gone missing,” he stated.
In June 2023, Wickremesinghe established a Committee of Inquiry to investigate the actions and responses of the intelligence and security services.
Retired Judge A.N.J. de Alwis was tasked with investigating the conduct of the State Intelligence Service (SIS), the Chief of National Intelligence (CNI), and other relevant authorities.
At the time of the Easter Sunday attacks, Senior DIG Nilantha Jayawardena led the SIS, while retired DIG Sisira Mendis served as the CNI, a role previously held by intelligence veteran General Kapila Hendawitharana.
In September, Wickremesinghe appointed a three-member committee to investigate allegations made by Britain’s Channel 4 regarding the alleged involvement of military intelligence in the Easter Sunday attacks. The President’s announcement followed a denial issued by the Ministry of Defence on behalf of the government.
The Committee, chaired by retired Supreme Court Judge Syed Ishrat Imam, also included retired Air Chief Marshal Jayalath Weerakkody, a former Commander of the Sri Lanka Air Force (SLAF), and President’s Counsel Harsha Soza. Senior Assistant Secretary to the President Sarthanjali Maheswaran served as the Commission’s Secretary.
News
Ministry Secretary makes contradictory statement
Indo-Lanka road and rail link:
In the wake of Foreign Minister and Cabinet Spokesperson Vijitha Herath’s declaration that decision on controversial Indian projects would be taken up after the parliamentary election on Nov 14, Environment Secretary Prabath Chandrakeerthi, in an interview with Mint has said the discussions are in the final stages for a $5 billion road-and-rail link between India and Sri Lanka with India set to bear the cost of the strategic project.
This is the first big bilateral infrastructure project announced by Sri Lanka since the recent election of President Anura Kumara Dissanayake amidst efforts by New Delhi to counter Chinese influence, according to Mint.
India is Sri Lanka’s largest trade partner and one of the largest foreign direct investment (FDI) contributors. Indian investment in Sri Lanka amounted to about $142 million in 2021.
“Last month, I participated in one meeting with India in New Delhi, and we are going to establish the highway and railway line connectivity between Rameswaram in India and Trincomalee in Sri Lanka,” B. K. Prabath Chandrakeerthi told Mint. “This is being planned as businessmen in both countries have to pay more and with the road and rail connectivity, both parties can get help because it will help in trade with European and other countries. Indian businessmen can also get some benefits from Sri Lanka as well,” Chandrakeerthi said.
“Last month I participated in one meeting with India in New Delhi, and we are going to establish the highway and railway line connectivity between Rameswaram in India and Trincomalee in Sri Lanka,” B. K. Prabath Chandrakeerthi told Mint. “This is being planned as businessmen in both countries have to pay more and with the road and rail connectivity, both parties can get help because it will help in trade with European and other countries. Indian businessmen can also get some benefits from Sri Lanka as well,” Chandrakeerthi added.
The Sri Lankan government proposed a land bridge between Rameswaram in Tamil Nadu of India and Talaimannar, a village in Mannar Island of Sri Lanka in 2002 and signed an agreement on it.
As per the agreement, road and rail bridge links were to be developed, offering economic benefits to both sides of the Palk Strait. However, after the agreement was signed, the Tamil Nadu government opposed the construction of the land bridge.
As per the agreement, road and rail bridge links were to be developed, offering economic benefits to both sides of the Palk Strait. However, after the agreement was signed, the Tamil Nadu government opposed the construction of the land bridge.
The talks resumed in 2015 when India asked the Asian Development Bank to carry out pre-feasibility study for financing a road and rail link between India’s Rameswaram and Sri Lanka’s Talaimannar. But it has been decided to build the rail and road link up to Trincomalee, the official informed.
There is no land connection between Sri Lanka and India through road or railway. The closest Indian town to Sri Lanka, Dhanushkodi, had a railway station but this was washed out in a cyclone in 1964. A short boat ride till 1966 connected the railway stations at Talaimannar in Sri Lanka and Dhanushkodi in India.
“The cost of the project is still not finalized. We have to have more discussion about that, but I think it is estimated to be nearly $5 billion,” the Lankan official said, and added: “It will entirely be borne by the Indian government. We have to get some approval for environmental clearance.”
He said the project may involve bridges and underwater tunnels to allow unhindered movement of ships.
Queries sent to the spokespeople and secretaries of Indian road transport and highways, ports, shipping and waterways, railways, external affairs and environment ministries remained unanswered at the time of going to press.
News
NDF to focus on farmers’ problems
National Democratic Front (NDF) leader entrepreneur Rushan Malinda said that he would be focusing on the difficulties experienced by the farmers, including the human-elephant conflict in the Digamadulla district.
Having handed over nominations for the NDF’s Digamadulla team, Malinda, a pilot by profession, emphasized the pivotal importance of addressing farmers’ woes in all parts of the country. Addressing the media at the National Library and Documentation Services Board recently, Malinda said that NDF contesting under the car symbol handed over nominations in all 22 electoral districts. Acknowledging the Jathika Jana Balawegaya (JJB) taking command of 225-member parliament at the Nov 14 parliamentary election, the NDF leader said that his party intended to perform the responsibilities of the Opposition. NDF’s Propaganda Secretary Prof. Chamila Liyanage who contests Kalutara district said that the Opposition had a great obligation as one of the fiercest critics of previous governments now served as the President.
Former Justice Minister Dr. Wijeyadasa Rajapakse, PC, contested the last presidential election on the NDF ticket. The parliamentarian did so after his failure to secure SLFP nomination
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