Thursday, February 12, 2026
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

‘Gotabaya has no reason to resign’

by Meera Srinivasan
April 6, 2022
in Business
Reading Time: 2 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


President Gotabaya Rajapaksa “has no motive” to resign, the chief authorities whip informed Parliament on Wednesday, as residents’ protests broaden, with state-sector employees too demanding his resignation.

“The President has been given a mandate by 6.9 million voters. He doesn’t have to resign,” mentioned Johnston Fernando, who was among the many 4 ministers that Gotabaya not too long ago re-appointed to a “new Cupboard”, after members of the outdated Cupboard resigned en-masse.

Economists panel

In his first initiative but to deal with the financial disaster after residents’ protests erupted, President Gotabaya on Wednesday appointed a panel of eminent Sri Lankan economists to advise him on debt restructuring and restoration, an announcement mentioned. Members of the ‘Presidential Advisory Group on Multilateral Engagement and Debt Sustainability’ embody Indrajit Coomaraswamy, Former Governor of the Central Financial institution of Sri Lanka; Shanta Devarajan, Former Chief Economist with the World Financial institution; and Sharmini Coorey, a Former Deputy Director on the IMF, the Presidential Media Division mentioned.

The ruling Rajapaksa clan faces unprecedented public criticism as Sri Lanka battles its worst financial downturns.

Gotabaya’s authorities misplaced its majority in Parliament on Tuesday, as over 40 MPs from his get together and its coalition companions sat individually, distancing themselves from the unpopular administration.

As agitations unfold, President Gotabaya responded by imposing an Emergency, curfew, and banning social media final weekend – strikes that his critics see as concentrating on dissent. Protestors defied the curfew, whereas the ban on social media was eliminated in a lower than a day following a backlash. On Tuesday, Gotabaya revoked the Emergency, hours after the Opposition challenged him to a parliamentary vote on it.

In the meantime, the political deadlock triggered by the cupboard resignations persists, with the nation left with simply the President, the PM and three cupboard ministers, after one in every of them resigned inside a day. The opposition has rejected Gotabaya’s provide to kind a nationwide cupboard and is reluctant to kind a caretaker authorities below his Presidency.

The Parliament convened on Wednesday to debate the disaster. Commencing the controversy, Speaker Mahinda Yapa Abeywardena mentioned, “Sri Lanka is going through the worst financial disaster in historical past, however it’s only the start.” As residents face hardships owing to the stifling shortages, he mentioned specialists have warned of a extreme meals scarcity within the nation. “The meals, gasoline and electrical energy shortages will worsen. There will probably be acute meals shortages and hunger,” he mentioned, urging parliamentarians to put aside political variations and reply collectively.

(Meera Srinivasan is The Hindu Correspondent in Colombo )

Printed on


April 06, 2022



Source link

Tags: Gotabayareasonresign
Previous Post

Episode #405: Gio Valiante – Prepare For The Masters With A Masterclass on Peak Performance in Athletics & Investing – Meb Faber Research

Next Post

Yearn​.finance advocates for the adoption of ERC-4626 tokenized vault standard By Cointelegraph

Related Posts

TASE eyes major Israeli cos traded only on Wall Street

TASE eyes major Israeli cos traded only on Wall Street

by Shiri Habib-Valdhorn and Netanel Ariel
February 12, 2026
0

For years the Tel Aviv Inventory Trade (TASE) has been attempting to draw the large Israel tech firms listed...

Stock Market Live Feb 12: Nifty, Sensex dip as IT stocks face pressure from AI fears

Stock Market Live Feb 12: Nifty, Sensex dip as IT stocks face pressure from AI fears

by Team BL
February 12, 2026
0

Q3 Outcomes twelfth Feb Reside: Hindustan Unilever, ONGC, Hindustan Aeronautics, Coal India, Hindalco, 3M India, Abbott India, Muthoot Finance, Lupin,...

India is getting richer, but its cities are not getting more livable | India News

India is getting richer, but its cities are not getting more livable | India News

by Business Standard
February 12, 2026
0

By Mihir S Sharma   India is getting richer yearly, however its cities don’t appear to be getting...

The Kraft Heinz Company 2025 Q4 – Results – Earnings Call Presentation (NASDAQ:KHC) 2026-02-11

The Kraft Heinz Company 2025 Q4 – Results – Earnings Call Presentation (NASDAQ:KHC) 2026-02-11

by SA Transcripts
February 11, 2026
0

This text was written byComply withIn search of Alpha's transcripts staff is accountable for the event of all of our...

Market Wrap: Sensex snaps 3-day gain, Nifty holds 25,900 as IT selloff dampens sentiment

Market Wrap: Sensex snaps 3-day gain, Nifty holds 25,900 as IT selloff dampens sentiment

by Veer Sharma
February 11, 2026
0

Benchmark indices Sensex and Nifty ended largely flat on Wednesday, with the 30-share Sensex snapping its three-day gaining streak, whereas...

Lufthansa Group restoring Israel night flights

Lufthansa Group restoring Israel night flights

by Stav Livne
February 11, 2026
0

Till February 28, the flights will cease in Athens to alter crews. Lufthansa Group is regularly restoring...

Next Post
Yearn​.finance advocates for the adoption of ERC-4626 tokenized vault standard By Cointelegraph

Yearn​.finance advocates for the adoption of ERC-4626 tokenized vault standard By Cointelegraph

FOMC minutes: Fed officials weigh shrinking balance sheet by  bn a month

FOMC minutes: Fed officials weigh shrinking balance sheet by $95 bn a month

TASE eyes major Israeli cos traded only on Wall Street

TASE eyes major Israeli cos traded only on Wall Street

February 12, 2026
Apple just made it easier to leave the iPhone and move to Android

Apple just made it easier to leave the iPhone and move to Android

February 12, 2026
Stock Market Live Feb 12: Nifty, Sensex dip as IT stocks face pressure from AI fears

Stock Market Live Feb 12: Nifty, Sensex dip as IT stocks face pressure from AI fears

February 12, 2026
Federal Deficits, Debt To Worsen Over Next Decade, CBO Projects

Federal Deficits, Debt To Worsen Over Next Decade, CBO Projects

February 12, 2026
Kuwait’s new residency fees and conditions for expats explained: What’s changed in 2026

Kuwait’s new residency fees and conditions for expats explained: What’s changed in 2026

February 12, 2026
Trump threatens US lawmakers with ‘consequences’ over tariff pushback — RT World News

Trump threatens US lawmakers with ‘consequences’ over tariff pushback — RT World News

February 12, 2026
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

TASE eyes major Israeli cos traded only on Wall Street

Apple just made it easier to leave the iPhone and move to Android

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In