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Negative wealth effect By TN Ninan, editor and publisher of Business Standard Published: June 20 2006 06:20 | Last updated: June 20 2006 06:20 The key question to be asked is what effect the gyrations on the stock market will have on the real economy. Will the sharp drop in share prices mean that the real economy too will slow down? That is easy, and the answer is “Yes”. The tricky part is figuring out by how much. To take the macro picture first, a net outflow of portfolio investment means that the dollar inflow, which helped pay for the large deficit on trade in goods and services (more than $20bn a year), is no longer there. This puts pressure on the …

2ND LEAD Sea Tigers battle navy, complete mission - LTTE [TamilNet, Monday, 25 September 2006, 10:23 GMT] A large number of Sea Tiger vessels completed an unspecified mission Sunday night, despite a five hour battle with the Sri Lanka navy (SLN). Liberation Tigers Military Spokesman Irasaiah Ilanthirayan, confirming fierce fighting between 25 boats of a Sea Tiger squadron and more than 20 SLN gunboats in the seas off Pulmoddai, dismissed the SLN claims that it had inflicted "heavy casualties" on the LTTE. Three Sea Tigers were killed. "Sea Tiger squadrons would continue their patrol missions as usual," the military spokesman of the LTTE said. Military Sp…

Ready for talks with LTTE anytime: Sri Lankan govt. Colombo, March 28 (AP): Sri Lanka's Government said it was ready to hold peace talks anytime with the Tamil Tigers, following two days of dramatic attacks by the rebels, including their first airstrike and a suicide bombing outside a military camp. The attacks Monday and Tuesday killed 11 people and wounded 36. ``We must try to bring a comprehensive and substantial peace,'' Foreign Minister Rohitha Bogolagama told reporters Tuesday. ``Our government believes that we need to talk, we need to explore all avenues,'' he said, adding that if the rebels agreed to negotiation, ``we can have it tomorrow.'' …

Balance of power: West v East Seda Punkt - 4/12/2008 World dominant is in question. West, namely, US, EU, and Canada are on one side, East-namely, Russia, and China, are on the other front, where India is increasingly aligning itself with Russia. The breakup of USSR was one of the US's major foreign policy achievements. Now, the lone Russia with Chechnya, is not much of a threat. Tibet, and Xinjiang can give long term headache to China, but breaking up Russia and China is very difficult. But India. Powerful India is a growing trouble for the West, and the solution is breaking up India. India is very similar to Yugoslavia; the 30% of the Hindi spea…

Japan keenly interested in investing in Sri Lanka in several sectors Measures will be taken to further strengthen long-standing bilateral relations between Japan and Sri Lanka, Japanese State Minister for Regional Revitalization Kozo Yamamoto said. Minister Yamamoto made these remarks when he paid a courtesy call on President Gotabaya Rajapaksa at the Presidential Secretariat Monday (13). Sri Lanka is secured and stable under the current government. The economy is also progressing. In this context, a conducive investment environment had been created in Sri Lanka for the Japanese investors, the State Minister a…

Jamaat-e-Islami leader on why young Muslims turn to extremism - The spread of extremist ideas cannot be controlled due to the use of social media, according to the Leader of Jamaat-e-Islami organization Moulavi Rashid Hajjul Akbar. The moulavi expressed these views at the Presidential Commission of Inquiry probing the Easter Sunday attacks. He was grilled for nearly 6 hours when he appeared before the Commission, yesterday (11). Moulavi Rashid Hajjul Akbar is the brother of Moulavi Ibrahim, who is the father of the main suspects of the case of vandalizing several Buddhist statues in Mawanella area, Saadik and Shahid. H…

In an interview with Al Jazeera, the Commander of the Security Forces in Jaffna Major General Mahinda Hathurusinghe laughed off reports of abductions, torture and rape committed by the Sri Lankan armed forces, dismissing them as ‘lies’. Speaking on the documentary ‘Scars of Sri Lanka’, which aired on Thursday, Hathurusinghe dismissed claims of abductions, stating, “I flatly deny... None we do not. We don’t have anyone and we don’t abduct. Because there is no reason, why should we abduct? We have no terrorism.” See interview from 14:00 When questioned about individual reports of abductions by reporter Evan Williams, Hathurusinghe laughed before respo…

Migrant ship's passengers deserve 'due process': lawyer By DHARM MAKWANA, QMI Agency VANCOUVER – More than 200 migrants aboard cargo ship MV Sun Sea apparently bound for B.C. are entitled to due process of their refugee claims, said a Toronto-based lawyer. Gary Anandasangaree, who was in Vancouver last October to provide legal counsel to 76 Tamil men aboard the MV Ocean Lady, said Canadians should ask why these people have taken such an “extraordinary risk” in crossing the Pacific Ocean. “The danger that we face here is that there’s significant generalization as to who and what they are,” he said. “First and foremost, we have to look at these people as…

Sri Lankan expat`s body lying unclaimed: Embassy Web posted at: 2/26/2006 2:56:40 Source ::: The Peninsula Doha: The mortal remains of Sri Lankan national, I Manavakaran (29), who died in suspicious circumstances in Doha a few days ago, have not yet been claimed by his friends or relatives, A G Abeyasekera, Second Secretary at the Sri Lankan embassy, said here yesterday. Manavakaran, who had arrived in Doha some weeks ago was battling for survival following an alleged life-threatening incident, since February 6 at the Hamad General Hospital. He passed away on February 13, despite efforts to save his life. Speaking to The Peninsula, Abeyasekera sa…

The Rediff Interview/AIADMK senior leader K Kalimuthu 'Amma wants unity of all Tamils' March 17, 2006 When Marumalarchi Dravida Munnetra Kazhagam chief Vaiko inked a poll pact with J Jayalalithaa, K Kalimuthu was in a hospital bed. But it was the former Tamil Nadu Assembly speaker and All India Anna Dravida Munnetra Kazhagam presidium chairman who openly invited Vaiko to sever ties with the seven-party Democratic Progressive Alliance led by the Dravida Munnetra Kazhagam and join the AIADMK fold. He is also the only member of the AIADMK who speaks to the press. Vaiko ditches DMK, takes 35 seats from Jaya Back at his official residence and still recup…

Is Tamil Blood Cheap in the Eyes of Indian Government? TAMIL TRIBUNE, April 2007 (ID. 2007-04-u1-a-x) (This is an update to Reference 1 that discussed the killings of Tamil Nadu fishermen by Sri Lankan Navy and Indian Government's refusal to take any effective action to stop it or even register a diplomatic protest with the Sri Lankan Government.) -------------------------------------------------------------------------------- Pakistan Maritime Security Agency shot and killed a fisherman from northern India, twenty-one year old Shantilal Mangal, off the coast of Gujarat on Monday February 13, 2006. Indian External Affairs Ministry called Pakistan's…

General Election 2024. Dilemma Of The North & East. M.A Sumanthiran PC ITAK on FACE TO FACE

Expression of support to LTTE not an offence: Karunanidhi [TamilNet, Tuesday, 19 February 2008, 16:55 GMT] Tamil Nadu Chief Minister M Karunanidhi on Monday reiterated that mere expression of support to the LTTE was not an offence as per an observation of the Indian Supreme Court. He admonished Opposition leader Jayalalithaa for misleading the people on this issue. He said that when a Congress member C Gnanasekaran had raised the issue and demanded action against Viduthalai Chiruththaikal Kadchi (VCK) leader Thol Thirumavalavan for organising a conference in support of LTTE, the Government could not take any hasty action as the apex court itself had said mere…

Health Secrects by Dr. B M Hegde

First coronavirus deaths reported in indigenous communities in the Amazon “COVID-19 has fertile terrain to spread rapidly among the populations that live in Amazonia,” says president of prominent Brazilian rights group. April 11, 2020 Brazilian officials and rights activists are warning of an impending public health calamity as reports emerge of the first deaths linked to the coronavirus among highly vulnerable indigenous populations across the Amazon region. Health workers in the northern state of Roraima reported on April 9 that a Yanomami adolescent had died of COVID-19, heightening concerns that he may have spread the disease to s…

U.S. Department of State Daily Press Briefing by Acting Spokesman Robert A. Wood Courtesy: US State Department - February 23, 2009 U.S. Department of State Daily Press Briefing on issues related to Sri Lanka, Excerpts only: QUESTION: In a couple of days, the Sri Lankan Government said it will completely eliminate the Tamil Tigers in a matter of days. The Tamils in the U.S. are freaking out and asking Hillary Clinton to call for a ceasefire. What do you say? MR. WOOD: Well, look, with regard to Sri Lanka, one of our primary concerns is the humanitarian situation. We’re worried about IDPs, what happens to them, we are worried about civilian…

Sun, 26 February 2006 11:17:29 Over Exposed Foreign exposure backfires on Sri Lanka's 'baby 81' Sri Lanka's celebrated tsunami survivor, "Baby 81", was reunited with his parents after a highly publicised court drama, but almost a year later the family says the explosion of media attention has backfired on them. Murugpillai Jeyarajah, 31, a barber from Sri Lanka's eastern coast, says the international publicity generated by the story is proving counter productive and they are being overlooked for aid at home. The long-running saga captivated a global audience from the start, but mainly because it appears to have been sexed up. …

Ravishankar ready to facilitate Lankan peace process Sunday April 9 2006 00:00 IST UNI BANGALORE: Art of Living Foundation founder Sri Sri Ravishankar has expressed his readiness to meet LTTE supremo Velupillai Prabhakaran to facilitate the peace process to end the decades-long ethnic crisis in Sri Lanka. The spiritual leader's offer came after he received thousands of letters from the crowd during a public event at Jaffna in the island nation, expressing their full confidence in him to facilitate the peace process and restore peace in Sri Lanka, according to a release from the foundation here on Saturday. Ravishankar, who is currently on a four-day vi…

On 19 January 2007, LTTE decided to pull back from its Pannichchankerni position which is on the access route to Vaharai. People in Vaharai, residents and the displaced, have endured more than six months of denial of humanitarian access. Since October only once a small quantity of food and medicine was allowed into Vaharai. People have been forced to run around from place to place to avoid indiscriminate artillery shelling by the Sri Lankan military since October. Ninety three civilians including several children were killed in November and December in three schools, Kathiraveli, Patchenai, and Vammivedduvan, converted into refugee camps. Many more were severely …

Sri Lankan passport queues introduced at Katunayake Airport The Immigration Department has introduced queues for Sri Lankan passport holders, based on traffic patterns at the Bandaranaike International Airport. Photo by Gayathri Seneviratne ECONOMYNEXT- Sri Lanka’s Immigration Department has introduced time-bound seperate queues for Sri Lankan passport holders at the Bandaranaike International Airport in Katunayake to manage passenger flows at the arrivals terminal, officials said. Airport and Aviation Services Spokesperson H. S. Hettiarachchi said the new initiative has been implemented for two weeks. The priority queue…

GENEVA/NEW DELHI – The Sri Lankan military committed numerous war crimes during the final months of the country’s 26-year-long civil war, according to a documentary aired for the first time Friday, amid vigorous protests from Colombo. However, in an interview published Saturday, President Mahinda Rajapaksa firmly denied the allegations made in the documentary and also denied that government troops executed the 12-year-old son of separatist chief Velupillai Prabhakaran in 2009. Rajapaksa told India’s Hindu newspaper in the interview: “Had it happened, I would have known (it). It is obvious that if somebody (from the armed forces) had done that, I must take responsibi…

Sri Lankan police brutalise Tamil youth in Batticaloa A Sri Lankan police officer was seen brutalising two Tamil citizens in Batticaloa this evening, kicking one individual and dragging and slapping another individual on a motorcycle. The two Tamil men, Thissasekaram Dilip and Thillainathan Kalairasan from Chenkaladi, were attacked by a traffic police constable attached to Eravur police, for not stopping their motorcycle. The incident follows growing international condemnation of Sri Lanka's police force with Human Rights Watch (HRW) urging international partners to cease their engagement with "abusive Sri Lankan law enforcement agen…

Despite government claims of peace, torture and abductions continue to be used to stifle ethnic and political dissent. The civil war in Sri Lanka ended in 2009 with the victory of President Rajapaksa's forces over the Liberation Tigers of Tamil Eelam (LTTE), but there are claims that abduction, torture and even rape of suspected former fighters or sympathisers continues today. In November 2013, Commonwealth leaders, including British Prime Minister David Cameron, converged on Colombo for the bi-annual heads of government meeting. It was a big moment for Sri Lanka, signalling its emergence from post-war turmoil and acceptance as a functioning democratic state …

Sri Lankan government orders closure of schools one week ahead [TamilNet, August 14, 2006 18:46 GMT] Sri Lanka's Education Ministry Monday ordered that all schools in the island should be closed from Tuesday till August 27. The reason given by the ministry for the closure is in connection with the South Asian Games which is to commence on August 18 in Colombo. Schools are to be reopened for the third term on August 28, according to the new directive, Education Ministry sources said. According to the school academic calendar, all schools should close on August 22 for the second term and recommence on September 04 for the third term. The closure of school…