Continuing the sustained low inflation environment for the 68th consecutive month,headline inflation on a year-on-year (Y-o-Y) basis remained unchanged at 3.5 per cent in September 2014 while declining on an annual average basis to 4.2 per cent from 4.5 percent in the previous month. Core inflation (Y-o-Y) meanwhile, decelerated to 3.7 per cent in September 2014 from 3.9 per cent in August 2014. The significant reduction of international energy prices and the improvements in the domestic electricity infrastructure have enabled the government to reduce domestic energy prices, and the benefits of theseadjustments have now begun to reflect favourably on inflation. This development, along with the continued deceleration of the prices of other key commodities in the international market, is likely to result in inflation remaining at a lower rate than the previously projected range of 4-5 per cent in the period ahead.
1. Given the significant impact of climate change on the environment, economies and the day-to-day lives of all people worldwide, it has become imperative for the United Nations to address the issue of climate change with a view toward finding transformational solutions.
(By Lucien Rajakarunanayake)This year marks the 1604th anniversary of the visit to Sri Lanka by the itinerant Buddhist monk the Ven. Fa-Hien (also known as Faxian), after Bhikku Dhammayana took the first Buddha Statue from Sri Lanka to China. This visit is considered the beginning of an important stage in the spread of Buddhist teaching from Sri Lanka to other parts of Asia. It is also regarded as the oldest recorded link between Sri Lanka and China.
(By:LKIIRSS Executive Director Asanga Abeyagoonesekara) August marks the death anniversary of the late Lakshman Kadirgamar, a remarkable Foreign Minister brutally assassinated by the LTTE. He once said, “India and Sri Lanka relationship is lost in the mist of time,” which signifies the deep bond that the two nations share. The gift of Buddhism is perhaps the most enduring of all ties and lays the foundation for this long-rooted friendship. The most sacred symbols of Buddhism - the Sacred Tooth, a relic of Lord Buddha gifted by King Guhaseeva, and the sapling of Sri Maha Bo tree in Anuradhapura, which is believed to be from the same tree under which the Buddha attained Nirvana - were gifted from India. South Indian kings ruled the island nation from time to time. The last few kings who ruled the Island were Nayakkar kings. Yet, they protected the Sacred Tooth relic and respected Buddhist values and Sinhalese culture.
(By Camelia Nathaniel) - The LTTE’s US network crippled by the Federal Bureau of Investigation (FBI) in 2006 is being reorganized by both remnant and emerging leaders. The most prominent among them is V. Rudrakumaran, the son of a former Mayor of Jaffna. Today, Rudrakumaran runs the Transnational Government of Tamil Eelam (TGTE), one of the four factions of the LTTE. Until recently the TGTE had limited success in the US but now with external resources, Rudrakumaran is reorganizing its activities both within and outside the US. The TGTE has also started to openly display the photograph of Prabhakaran and the Tiger flag.
Canadian law enforcement authorities and intelligence services are concerned about the LTTE’s penetration of their political establishment. A number of Sri Lankan Tamils tainted by their support for the Tigers seeks to infiltrate the spectrum of Canadian political parties – the New Democratic Party, the Liberal Party and the Conservative Party.
This is a week of interesting post-election developments in India. We saw the courageous resignation of the Chief Minister of Bihar, Nitish Kumar, over the defeat of the Janata Dal (United) in his state, despite a clear demand from his membership that he remains in office.