Sri Lanka's Parliament passes no-confidence vote against PM Rajapaksa

Agencies
November 14, 2018

Colombo, Nov 14: In a major setback to President Maithripala Sirisena, the Sri Lankan Parliament on Wednesday passed a no-confidence motion against the government headed by his controversially-appointed Prime Minister Mahinda Rajapaksa.

The Parliament on Wednesday met for the first time since October 26, when President Sirisena sacked prime minister Ranil Wickremesinghe and suspended the Parliament plunging the island nation into a crisis.

Parliament Speaker Karu Jayasuriya announced that a majority of the 225-member assembly supported the no-confidence motion against Rajapaksa, who was appointed by President Sirisena as prime minister on October 26 in place of Wickremesinghe.

"According to the voice, I recognise that the government has no majority," Jayasuriya announced in the House as Rajapaksa supporters protested.

He gave the ruling after the no-confidence motion was taken for a vote. The Speaker calculated the votes based on the voices he heard as Rajapaksa supporters disrupted the proceedings.

Jayasuriya later adjourned the House until 10 am Thursday.

Wickremesinghe's United National Party (UNP) Deputy Leader Sajith Premadasa later told reporters that the Government clearly lost the floor test.

He said Prime Minister Rajapaksa must now step down as he does not have majority support in Parliament.

The unexpected session on Wednesday morning comes a day after the Supreme Court on Tuesday overturned President Sirisena's controversial decision to dissolve Parliament and halted the preparations for snap polls on January 5.

In its ruling, the apex court had said Sirisena's dissolution of Parliament will be suspended until December 7 and it will consider all the petitions filed on the President's decision next month before giving a final ruling.

After the court verdict, Speaker Jayasuriya summoned Parliament's session for Wednesday morning.

Sirisena dissolved Parliament after it became clear that he lacked support from lawmakers to instal Rajapaksa as the new Prime Minister following his sacking of Wickremesinghe as premier.

While sacking prime minister Wickremesinghe, president Sirisena had also suspended Parliament till November 16. He, however, advanced the convening of the House to November 14 amid international and domestic pressure against the move.

Major political parties, including the United National Party and the Janatha Vimukthi Peramuna and an election commission member Ratnajeevan Hoole, on Monday dragged Sirisena to the Supreme Court, challenging his decision by filing fundamental rights petitions against the move, which they said violated the Constitution.

Sirisena dissolved Parliament last week, almost 20 months before its term was to end, and ordered snap election on January 5, plunging the country's into an unprecedented political and constitutional crises.

Wickremesinghe has maintained that his sacking by Sirisena was unconstitutional and illegal and he was still the prime minister.

Wickremesinghe had demanded that Parliament be convened to hold a vote among the lawmakers to decide who enjoyed majority support in Parliament to be the Prime Minister.

As pressure grew and both sides claimed they had the numbers, the President dissolved Parliament and called for elections.

Rajapaksa needed the support of minimum 113 parliamentarians in the 225-member House to prove his majority.

Sirisena on Sunday stoutly defended his move to dissolve Parliament, saying it was taken to prevent clashes among rival lawmakers. He said there were reports that politicians would clash during the floor test, which was due on November 14.

Rajapaksa, 72, who ruled Lanka for a nearly decades from 2005, was unexpectedly defeated by his deputy Sirisena in the presidential election held in January 2015 with the support from Wickremesinghe's UNP.

However, the power-sharing arrangement between Sirisena and Wickremesinghe became increasingly tenuous on several policy matters, especially on issues like the economy and security. And subsequently, Sirisena abruptly ousted Wickremesinghe and replaced him with Rajapaksa.

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News Network
March 13,2020

Mumbai, Mar 13:  Investor wealth worth nearly Rs 12 lakh crore was wiped out in less than 15 minutes of trading on the stock exchanges on Friday, with the two benchmarks, the BSE Sensex and the NSE Nifty, crashing over 10 per cent.

The 30-share BSE Sensex plummeted 3,380.59 points, or 10.31 per cent, to 29,397.55. It hit an intra-day low of 29,388.97, falling up to 3,389.17 points.

Trading was halted for 45 minutes in the early session after the index hit its lower circuit limit.

The BSE and NSE benchmark indices, however, pared most losses with the Sensex trading 835.40 points, or 2.55 per cent, lower at 31,942.74, and the Nifty was down 253.25 points or 2.64 per cent at 9,336.90 at 10.40 am.

The mayhem on Dalal Street eroded investor wealth worth Rs 12,92,479.88 crore, taking the total m-cap to Rs 1,12,78,172.75 crore on the BSE at 1020 hours.

The m-cap of BSE-listed companies stood at Rs 1,25,70,652.63 crore at the end of trading on Thursday.

Traders said besides global selloff, incessant foreign fund outflows also weighed on investor sentiments.

On a net basis, foreign institutional investors sold equities worth Rs 3,475.29 crore on Thursday, data available with stock exchanges showed.

On the BSE, 1,279 scrips declined, while 193 advanced and 40 remained unchanged.

Volatility heightened in global markets as benchmarks world over went into panic mode, insinuating a freakish selloff.

Bourses in Shanghai dropped over 3.32 per cent, Hong Kong 5.61 per cent, Seoul 7.58 per cent and Tokyo cracked up to 7.97 per cent.

Wall Street lost 10 per cent in overnight trade.

More than 1,30,000 cases of the novel coronavirus have been recorded in 116 countries and territories, killing at least 4,900 people.

The number of coronavirus patients in India has risen to 74, as per the health ministry.

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News Network
February 1,2020

Feb 1: The Congress on Saturday expressed hope that the Union Budget would provide relief to the salaried class through tax cuts and invest in rural India besides providing a healing touch to the common man and industry facing “hardship” since demonetisation.

Congress chief spokesperson Randeep Surjewala said the last budget led to crashing consumption levels, soaring unemployment and falling GDP. “Budget 2019= Consumption crashed, Unemployment soared, Farm distress surged, Incomes declined, Investments slumped, Public spending fell, GDP nose dived!,” Surjewala tweeted. “Yet, Modiji gave Corporate Tax Cuts of Rs 1,45,000 crore. Let Budget 2020 give tax cuts to Salaried Class and invest in Rural India,” he said

Rajasthan Chief Minister Ashok Gehlot hoped the budget fulfils expectations of the common people. “Budget 2020 is the time for NDA government to provide a healing touch to common people and industries facing hardships since noteban. Hope the budget fulfils expectations of common people and provide relief across sections,” Gehlot said.

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Agencies
May 17,2020

Washington, May 17: The overall number of global coronavirus cases has increased to over 4.6 million, while the death toll has surpassed 311,000, according to the Johns Hopkins University.

As of Sunday morning, the total number of cases stood at 4,634,068, while the death toll increased to 311,781, the University's Center for Systems Science and Engineering (CSSE) revealed in its latest update.

The US currently accounts for the world's highest number of cases and deaths at 1,467,796 and 88,754, respectively.

In terms of cases, Russia has the second highest number of infections at 272,043, followed by the UK (241,461), Brazil (233,142), Spain (230,698), Italy (224,760), France (179,630), Germany (175,752), Turkey (148,067) and Iran (118,392), the CSSE figures showed.

Meanwhile, the UK accounted for the second highest COVID-19 deaths worldwide at 34,546.

The other countries with over 10,000 deaths are Italy (31,763), Spain (27,563), France (27,532), and Brazil (15,662).

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