Posts Categorized: Economy

$29 Trillion Debt

That’s how much debt emerging nations are facing A decades-long crisis is getting worse, and now dozens of nations are spending more on interest payments than on health care or education. by Patricia Cohen, The New York Times, June 14, 2024 The Vatican’s meeting on the global debt crisis last week was not quite as celebrity-studded as… Read more »

Tribunal: ‘Horrified’ by Plight of SL’s Plantation Workers

Their wages remain far below the living wage required in the context of Sri Lanka’s current costs of living, following hyperinflation during the crisis, a recent study found  by Meera Srinivasan, The Hindu, Chennai, June 12, 2024 An international tribunal of former judges from the region said it was “horrified by the stark realities” of… Read more »

India’s Modi, Humbled by Voters, Faces Potent Economic Struggles

With his grip on political power weakened, the Indian prime minister is confronting the same formidable challenge — how to generate hundreds of millions of jobs. byPeter S. Goodman, The New York Times, June 7, 2024 Before the Indian election results emerged this week, Prime Minister Narendra Modi was widely viewed as a charismatic and popular strongman… Read more »

The Burden of War Widows

Gendered consequences of war and peace-building in Sri Lanka by Karen Brounéus, Erika Forsberg, Kristine Höglund, Kate Lonergan, Third World Quarterly, Pages 458-474, Received 26 Aug 2022, Accepted 16 Aug 2023, Published online: 09 Sep 2023 Burden of War Widows Third World Quarterly Sept 2023 Abstract Research shows that war affects various groups of survivors… Read more »

Uduvil Remembers Its Founder Principal

In its bicentennial year by Shiranee Mills, Sunday Times, Colombo, April 7, 2024 In the bicentennial year of Uduvil Girls’ College, especially during the month of April, our thoughts dwell closely on the founder principal of the school, Harriet Wadsworth Winslow (née Lathrop), whose birthday falls on April 9. Born in 1796, in Norwich, Connecticut, in… Read more »

CPA: Understanding Interconnections between Human Rights and Economic Crimes

in Sri Lanka: Exploring Issues and Potential Ways Forward by Centre for Policy Alternatives, Colombo, March 2024 Economic-Crimes-Advocacy-Report.pdf (cpalanka.org) Summary In Sri Lanka, economic crimes perpetrated by Politically Exposed Persons (PEPs) have received critical attention at present, where there have been discussions on plausible interventions to address the culture of impunity and the human rights… Read more »

CPA: 32 Viharas for Kuchchaveli

by Centre for Policy Alternatives, Colombo, March 29, 2024 Over 2,500 acres of private land in Kuchchaveli allegedly seized for building 32 Buddhist temples in the region. #LandRights pic.twitter.com/h3BQ7oU5qf — Centre for Policy Alternatives Sri Lanka (@CPASL) March 29, 2024  

The India Factor in Sri Lanka’s Renewable Energy Sector

by Rathindra Kuruwita, The Island, Colombo, March 7, 2024 A recent India-Sri Lanka agreement for constructing renewable energy systems in three islands off the Jaffna coast reaffirms India’s domination of the sector. On March 1, the Sri Lanka Sustainable Energy Authority, the Government of Sri Lanka, and U-Solar Clean Energy Solutions from India signed an… Read more »

Roots of Ethnic Contestation in the Eastern Province

As in the past, the contestation is over title to the land by PK Balachandran, Daily Mirror, Colombo, October 10, 2023 Sri Lanka’s Eastern Province is again becoming a contested region between ethnic groups. This time round it is more between the Tamils and Sinhalese, with the Muslims in the periphery. This is because of the… Read more »

Uduvil Girls College’s Bicentenary

by Dr. Thayalan Ambalavanar, Jaffna, February 7, 2024 Report Tuesday morning (6th February) saw the inaugural function of the Bicentennial celebrations of Uduvil Girls’ College in their college hall. The program was titled ‘Anthizo’ which in Greek means blossom. It was 200 years ago that a young American missionary, Harriet Winslow, started this school which… Read more »

President in the North, Governor in the East

by A. Nillanthan, January 13, 2024 [Translated from the original Tamil by Google Translate with improvements by the Sangam editor.] At the same time as the President visited the North to celebrate the New Year, his Governor in the East staged a huge cultural festival. The President met various people in the North: entrepreneurs, university… Read more »

Elections Cast a Shadow of Uncertainty

Over Sri Lanka’s economic recovery by Dushni Weerakoon, IPS posted in East Asia Forum, January 16, 2024 Nearly two years after announcing a debt default in the middle of a severe social and political crisis, the Sri Lankan economy is showing the first signs of recovery. Year-on-year inflation dropped sharply to a low of 1.5… Read more »

In Defense of Sri Lanka’s Defense Budget

Reducing allocation for defense will require retrenching soldiers. Cutting loose angry youth with weapons skills is not what the crisis-ridden island needs now. [Sri Lanka has actually not done any de-commissioning since the end of the war 15 years ago, using exactly this excuse.  Most of these impoverished soldiers have been deployed in the former… Read more »

Sluggish Investment is Holding India Back

by Tom Easton, The Economist, London, November 13, 2023 Will the coming year be any different? Strong headline growth, and the possibility of offsetting China as a location for global production, have raised expectations for India. It is the world’s fifth-largest economy, and potentially larger than Germany by 2025, so it would be reasonable to… Read more »

2024 Budget

Prime focus on SOE reform and corruption [discusses budget going to the military – Ed/] by Daily FT, Colombo, November 14, 2023 President Ranil Wickremesinghe, as Finance Minister, yesterday presented the Budget for 2024, a year which will start the election cycle. The welfare allocation for 2024 is close to Rs.  200 billion compared to… Read more »

Roots of Ethnic Contestation in the Eastern Province

As in the past, the contestation is over title to the land by PK Balachandran, Daily Mirror, Colombo, October 10, 2023 Sri Lanka’s Eastern Province is again becoming a contested region between ethnic groups. This time round it is more between the Tamils and Sinhalese, with the Muslims in the periphery. . This is because of… Read more »

Purse-seiners, Trawlers, and the Epic Fight over Fishing in Tamil Nadu

A ban on purse-seine fishing in Tamil Nadu has threatened thousands of fishers’ livelihoods – and they are refusing to give up without a fight by Jeff Joseph, Himal magazine, Colombo, September 7, 2023 “There were young people with degrees taking to purse seines because of the pay,” Karthi P said. “It was easy work.”… Read more »

The Boat People

by Watchdog, Colombo, July 12, 2023 For years, Sri Lankans have risked everything, trying to escape their homeland. Crushed by a failing economy, cold-hearted politics, and the brutal realities of world events, many venture into the unforgiving sea. Few return. This is their story. Story by Andrew Fidel Fernando and Mohammed Fairooz Additional reporting and translation… Read more »

Kurundi: A Runway To ’56?

by Tissaranee Gunaratne, Colombo Telegraph, June 18, 2023 “Already the snow falls…” ~ Karl Kraus words in verses III In his fifth labour, Heracles cleans the Augean Stables by rerouting the rivers Alpheus and Peneus through the filthy abode of King Augeas’ divine cattle. Many believed that the Aragalaya would have a similarly cleansing effect on… Read more »