Tuesday, February 10, 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was among the many 4 ministers that Gotabaya not too long ago re-appointed to a “new Cupboard”, after members of the outdated Cupboard resigned en-masse.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

Upstox not in a hurry for IPO, targets 2.3x jump in FY26 profit to Rs 500 crore

Upstox not in a hurry for IPO, targets 2.3x jump in FY26 profit to Rs 500 crore

by Nikhil Agarwal
February 10, 2026
0

Upstox shouldn't be in a rush to go public, with the brokerage prioritising profitability and enterprise diversification amid a more...

KKR & Co. Inc. (KKR) Presents at UBS Financial Services Conference 2026 Transcript

KKR & Co. Inc. (KKR) Presents at UBS Financial Services Conference 2026 Transcript

by SA Transcripts
February 9, 2026
0

Comply withThis fall: 2026-02-05 Earnings AbstractEPS of $1.12 misses by $0.02  | Income of $1.64B (-19.87% Y/Y) misses by $149.33M KKR...

Indian cotton textiles industry upbeat on import of US cotton at lower tariff

Indian cotton textiles industry upbeat on import of US cotton at lower tariff

by Euro Times
February 9, 2026
0

The cotton textile business sees a necessity for imports of the pure fibre at a decrease price significantly when the...

Astera Labs opens Israel R&D centers

Astera Labs opens Israel R&D centers

by Assaf Gilead
February 9, 2026
0

US chip firm Astera Labs (Nasdaq: ALAB) has introduced that it's opening a complicated R&D middle in Israel. The...

Sharad Pawar brought to Pune hospital; doctor confirms chest infection | India News

Sharad Pawar brought to Pune hospital; doctor confirms chest infection | India News

by Business Standard
February 9, 2026
0

Pawar, who got here in an MPV, got here out of the car on his personal earlier than being taken...

PSU Banks look attractive; Bank of Baroda top pick: Pankaj Pandey

PSU Banks look attractive; Bank of Baroda top pick: Pankaj Pandey

by Anupam Nagar
February 9, 2026
0

Pankaj Pandey, Head Analysis, ICICIdirect.com mentioned PSU banks proceed to look enticing, whilst he shunned commenting straight on SBI on...

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

Upstox not in a hurry for IPO, targets 2.3x jump in FY26 profit to Rs 500 crore

Upstox not in a hurry for IPO, targets 2.3x jump in FY26 profit to Rs 500 crore

February 10, 2026
Colombian prosecutors plan to press charges against national oil company president

Colombian prosecutors plan to press charges against national oil company president

February 10, 2026
Google Pixel 10A Leaks: New Colors and Price Info Revealed

Google Pixel 10A Leaks: New Colors and Price Info Revealed

February 10, 2026
Trump threatens to block opening of new bridge between Windsor and Detroit

Trump threatens to block opening of new bridge between Windsor and Detroit

February 10, 2026
10 Red Flag Monthly Dividend Stocks With Unsafe Payouts

10 Red Flag Monthly Dividend Stocks With Unsafe Payouts

February 10, 2026
Rethinking Household Asset Allocation Under Capital Constraints

Rethinking Household Asset Allocation Under Capital Constraints

February 10, 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

Upstox not in a hurry for IPO, targets 2.3x jump in FY26 profit to Rs 500 crore

Colombian prosecutors plan to press charges against national oil company president

  • 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