Saturday, January 17, 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was among the many 4 ministers that Gotabaya not too long ago re-appointed to a “new Cupboard”, after members of the outdated Cupboard resigned en-masse.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

State Street anticipates 4–6% fee revenue growth and 100+ basis points positive operating leverage in 2026 as AI and digital transformation accelerate (NYSE:STT)

State Street anticipates 4–6% fee revenue growth and 100+ basis points positive operating leverage in 2026 as AI and digital transformation accelerate (NYSE:STT)

by SA Transcript Insights Editor
January 17, 2026
0

Earnings Name Insights: State Road Company (STT) This fall 2025 Administration View Ronald O’Hanley, CEO & Chairman, said, "Our fourth...

ACWI Provides Global Large-Cap Equity Exposure (NASDAQ:ACWI)

ACWI Provides Global Large-Cap Equity Exposure (NASDAQ:ACWI)

by Michael Del Monte
January 16, 2026
0

This text was written byComply withMonte Unbiased Funding Analysis: Michael Del Monte is a buy-side fairness analyst with experience within...

Sony Pictures Networks India restructures leadership to boost digital-linear integration

Sony Pictures Networks India restructures leadership to boost digital-linear integration

by Euro Times
January 16, 2026
0

Sony Photos Networks India (SPNI) introduced a serious management reorganisation on Friday, shifting to a content-first, platform-agnostic working mannequin that...

Pankaj Tibrewal on AI, capital markets and where investors should focus in 2026

Pankaj Tibrewal on AI, capital markets and where investors should focus in 2026

by Anupam Nagar
January 16, 2026
0

The Indian funding panorama is witnessing a nuanced shift, with midcap IT corporations, non-public banks, and onerous belongings rising as...

Lawmakers under pressure to expand Georgia medical cannabis in 2026

Lawmakers under pressure to expand Georgia medical cannabis in 2026

by Chris Roberts
January 15, 2026
0

Again in session as of earlier this week, Georgia lawmakers are set to rethink a significant growth of the state’s...

Montana adult-use cannabis sales set record in 2025 despite price drop

Montana adult-use cannabis sales set record in 2025 despite price drop

by Margaret Jackson
January 16, 2026
0

Montana hashish retailers reported a report $327 million in gross sales in 2025, marking one other 12 months of regular...

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

Trump gets Florida street renamed in his honor — RT World News

Trump gets Florida street renamed in his honor — RT World News

January 17, 2026
Micron breaks ground in New York for its memory manufacturing complex, announced in 2022, that it says will be the largest semiconductor facility in the US (Glenn Coin/Syracuse Post-Standard)

Micron breaks ground in New York for its memory manufacturing complex, announced in 2022, that it says will be the largest semiconductor facility in the US (Glenn Coin/Syracuse Post-Standard)

January 17, 2026
Nile water sharing dispute: Trump offers to mediate Egypt-Ethiopia fallout; writes to Al-Sisi

Nile water sharing dispute: Trump offers to mediate Egypt-Ethiopia fallout; writes to Al-Sisi

January 17, 2026
State Street anticipates 4–6% fee revenue growth and 100+ basis points positive operating leverage in 2026 as AI and digital transformation accelerate (NYSE:STT)

State Street anticipates 4–6% fee revenue growth and 100+ basis points positive operating leverage in 2026 as AI and digital transformation accelerate (NYSE:STT)

January 17, 2026
ACWI Provides Global Large-Cap Equity Exposure (NASDAQ:ACWI)

ACWI Provides Global Large-Cap Equity Exposure (NASDAQ:ACWI)

January 16, 2026
Ageing and Shrinking Populations — Global Issues

Ageing and Shrinking Populations — Global Issues

January 16, 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

Trump gets Florida street renamed in his honor — RT World News

Micron breaks ground in New York for its memory manufacturing complex, announced in 2022, that it says will be the largest semiconductor facility in the US (Glenn Coin/Syracuse Post-Standard)

  • 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