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Tennakoon says economy cannot be saved by printing money alone

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‘Rs 6.65 bn printed on Dec 31; Rs 678 bn in 2021’

By Shamindra Ferdinando

Former Governor of Uva, Southern and Central Provinces Rajith Keerthi Tennakoon says that the ailing national economy cannot be saved by printing money.

Civil society activist Tennakoon quoting official figures claimed that Rs. 6.65 bn had been printed on Dec 31, 2021, just 48 hours after the Central Bank claimed official reserves reached USD 3.1 bn.

One-time executive director of polls monitoring outfit Caffe, Tennakoon said that the current dispensation had quite conveniently ignored the real challenges experienced by the national economy. “Some apparently believe that printing money is a panacea for the economic crisis. Unfortunately, the SLPP leadership is obviously on the wrong path,” Tennakoon said.

Tennakoon said that according to available official records the government during 2021 had printed a staggering Rs 678.33 bn and the trend was certain to continue in the new year.

In spite of the national economy being in such a bad shape, government leaders issued public statements as if everything was in order, Tennakoon said. The government was aware of further worsening of the situation as a result of disruption of supplies and possible food shortage ahead of the Sinhala and Tamil New year, Tennakoon said.

Responding to another query, Tennakoon said that police headquarters recently issued a statement regarding long queues outside the retail shops of the Pelwatte Dairy Industries Ltd located near Jubilee Kanuwa in Mirihana.

The statement followed recent social media posts of police harassment and undue interference, Tennakoon said, drawing the attention of the police that queues were common sight all over the country, not only at Mirihana.

Tennakoon said that in spite of repeated assurances that LPG gas supply would be normalized, there were queues in the City and its suburbs. The activist urged the Opposition to vigorously take up the issues at hand or face the consequences. Current challenges couldn’t be overcome by proroguing Parliament or postponing election, Tennakoon said. He was referring to the moves to put off Local Government polls scheduled to be held before March 20, 2022 by one year.



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Canadian declaration of ‘Tamil genocide’ may influence European parliaments, EU – Maj. Gen. (retd.) Gallage

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‘Counter lies, or face consequences’

By Shamindra Ferdinando

Retired Maj. Gen. Chagie Gallage says controversial Canadian House of Commons declaration that Tamil genocide took place in Sri Lanka may influence many Western parliaments as well as the EU.

The Gajaba Regiment war veteran said that the recognition of 18th May, the day Sri Lanka defeated terrorism as Tamil Genocide Remembrance Day was an affront to Sri Lanka.

The ex-combat officer said that the government owed an explanation without delay. Perhaps, Sri Lanka parliament should remind Canada of deaths of hundreds of native residential school students, who had been literally snatched from their families, the retired officer said, adding that it would be interesting to see whether any political parties, civil society groups or those who issue statements against Sri Lanka at the drop of a hat would question the Canada’s gruesome past. So far unmarked graves of more than 1000 native children have been found on the grounds of such schools run till the mid-1990s, the retired Major General said.

Liberal MP Gary Anandasangaree, son of veteran Tamil United Liberation Front (TULF) leader V. Anandasangaree presented the motion on Wednesday (18). “Canada becomes the first national parliament in the world to recognize May 18th of each year as Tamil Genocide Remembrance Day,” tweeted, Anandasangree, the MP for Scarborough-Rouge Park.

The motion states that “this House acknowledges the Genocide of Tamils in Sri Lanka, and recognizes May 18th of each year as Tamil Genocide Remembrance Day”.

The House of Commons unanimously accepted the motion.

Gallage alleged that Sri Lanka lacked political will to counter the campaign against the country. Acknowledging the current political-fiscal -social crisis caused by decades of economic mismanagement, he warned that the Canadian declaration would have disastrous consequences. Would the government care to examine how interested parties could exploit the Canadian condemnation of Sri Lanka? Gallage asked.

Sri Lanka brought the war to a successful conclusion in the third week of May 2009.

Gallage questioned the responsibility on the part of the Defence and Foreign Affairs Ministries for Sri Lanka’s failure to meet the challenge.

Anandasangaree brought forward the motion on the 13th anniversary of the annihilation of the LTTE fighting cadre at Mullivaikkal.

Retired Maj. Gen. said that those who had failed to throw a lifeline to the LTTE as the military brought the war to a rapid conclusion worked overtime for the realization of the Canadian project.

Responding to another query, Gallage said that declaration of May 18 as Tamil Genocide Remembrance Day should be examined against the backdrop of Sri Lanka co-sponsoring an accountability resolution against itself at the Geneva-based United Nations Human Rights Council (UNHRC) in early Oct. 2015 under the yahapalana regime.

Gallage recalled how Australia denied him a visa during yahapalana administration though there hadn’t been specific war crimes allegations against him. Australia also found fault with Gallage for being in command of the 59 Division from May 7, 2009 to July 20, 2009.

Established in Jan, 2008, the 59 Division, deployed on the eastern flank aka the Weli Oya front, fought under the then Brig. Nandana Udawatte’s command for one year to cross the Anandakulam and Nagacholai forest reserves, which served as natural defences for the LTTE Mullaitivu stronghold.

Maj. Gen. Gallage said that the Parliament should respond to the Canadian House of Commons declaration on Tamil genocide. The former senior officer who was always in the thick of combat reiterated that unless tangible action was taken immediately the Canadian motion would cause irreparable damage. The Tamil Diaspora would exploit their success with Canadian political parties to pressure other countries, Gallage said, the coming Geneva sessions would be quite a challenge.

He urged the current military top brass to make representations to the government as regards the damning unfair Canadian indictment of Sri Lanka. “We should ask Canada to share with us information on the basis its Parliament reached conclusion that genocide took place here. The very basis of their declaration is questionable,” Gallage said, adding that Sri Lanka should officially inform Canada of the Indian intervention that led to the deaths of thousands, both before and after the deployment of the Indian Army (1987-1990), killing of one-time Indian Prime Minister Rajiv Gandhi by an LTTE female suicide cadre and the sea borne attempt to assassinate the Maldivian President in 1989. “We should set the record straight. We should use wartime British High Commission cables now in the public domain to counter lies,” the Gajaba Regiment veteran said.

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Some MPs seek hotel accommodation to attend parliament

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Speaker Mahinda Yapa Abeywardena told Parliament yesterday that a group of MPs had requested that they be provided hotel accommodations for them to attend Parliament sittings.

Speaker Abeywardena said that the request had been made due to the prevailing fuel crisis.

The Speaker said that some MPs who travelled from outstations were unable to return home due to the fuel shortage.

“Therefore, they have requested me to book a hotel for them to stay in Colombo to attend Parliament proceedings,” he said.

The Speaker’s clarification came as reports of MPs being provided fuel at a subsidised rate were raised in Parliament yesterday.

Prime Minister Ranil Wickremesinghe said that fuel had not been given at subsidised rates to any MP.

Many government MPs also lost life possessions as their houses were looted and torched by marauding mobs early last week.

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Elder brother says MR should have known when to quit politics

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SLPP MP and former Speaker Chamal Rajapaksa told Parliament yesterday that his younger brother former Prime Minister Mahinda Rajapaksa should have retired from politics after concluding his second term as President.

“Nearly 50 years of his outstanding political achievements and journey have been lost at present,” he said.

“If we become greedy for power and positions then we face such consequences as we see today,” he said.

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