Thursday, January 1, 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was among the many 4 ministers that Gotabaya not too long ago re-appointed to a “new Cupboard”, after members of the outdated Cupboard resigned en-masse.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

Rs 50,000 crore wiped out as ITC shares crack 10%, worst day in 6 years. Should investors buy the fear?

Rs 50,000 crore wiped out as ITC shares crack 10%, worst day in 6 years. Should investors buy the fear?

by Nikhil Agarwal
January 1, 2026
0

Shares of India's largest cigarette maker, ITC, suffered their steepest single-day decline in practically six years on Thursday, with shares...

Warren Buffett Steps Down As Berkshire Hathaway CEO; Greg Abel To Take Charge

Warren Buffett Steps Down As Berkshire Hathaway CEO; Greg Abel To Take Charge

by Divya Prata
January 1, 2026
0

Warren Buffett has stepped down as CEO of Berkshire Hathaway. Buffett, 95, served as chief govt of the multinational conglomerate...

Mumbai property registrations rise 6% in 2025 to 14-year high: Knight Frank

Mumbai property registrations rise 6% in 2025 to 14-year high: Knight Frank

by Euro Times
December 31, 2025
0

Mumbai metropolis, below the Brihanmumbai Municipal Company (BMC), delivered its strongest housing market efficiency since 2011. | Photograph Credit score:...

Swiss Re winding down Israel activities

Swiss Re winding down Israel activities

by Netanel Ariel
January 1, 2026
0

International reinsurance big Swiss Re has determined to considerably cut back its actions in Israel. After doing this within...

Three trends affecting the U.S. cannabis industry in 2026

Three trends affecting the U.S. cannabis industry in 2026

by Andrew Long
January 1, 2026
0

Because the U.S. hashish business enters 2026, shifting market dynamics are reshaping how companies function and compete. From licensing exercise...

Warren Buffett retires today: Berkshire faces its first dawn without the Oracle of Omaha

Warren Buffett retires today: Berkshire faces its first dawn without the Oracle of Omaha

by Riya Sharma
December 31, 2025
0

Warren Buffett steps down as chief government of Berkshire Hathaway immediately, closing one of many longest and most consequential tenures...

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

Hundreds of thousands march in Istanbul in solidarity with Gaza | Israel-Palestine conflict News

Hundreds of thousands march in Istanbul in solidarity with Gaza | Israel-Palestine conflict News

January 1, 2026
Links 1/1/2026 | naked capitalism

Links 1/1/2026 | naked capitalism

January 1, 2026
Rs 50,000 crore wiped out as ITC shares crack 10%, worst day in 6 years. Should investors buy the fear?

Rs 50,000 crore wiped out as ITC shares crack 10%, worst day in 6 years. Should investors buy the fear?

January 1, 2026
12 Times The View Peddled Wild Conspiracies in 2025

12 Times The View Peddled Wild Conspiracies in 2025

January 1, 2026
I’ve tested a bunch of Shark vacuums and they all have the same problem

I’ve tested a bunch of Shark vacuums and they all have the same problem

January 1, 2026
‘Several killed’ after horror New Year’s Eve explosion at packed bar in Swiss ski resort

‘Several killed’ after horror New Year’s Eve explosion at packed bar in Swiss ski resort

January 1, 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

Hundreds of thousands march in Istanbul in solidarity with Gaza | Israel-Palestine conflict News

Links 1/1/2026 | naked capitalism

  • 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