Sri Lanka has voted decisively for stability, handing the Anura Kumara Dissanayake-led National People's Power (NPP) coalition a two-thirds majority in Parliament following a snap general election.
These results have come just two months after Mr Dissanayake's victory against established politicians like incumbent Ranil Wickremesinghe and former president Mahinda Rajapaksa's son Namal in the presidential election.
What is more remarkable is the fact that Mr Dissanayake's Marxist Janatha Vimukthi Peramuna (JVP), the biggest party in the NPP, has won Jaffna in the heart of the northern Tamil ethnic community, and other minority strongholds.
This suggests voters here have chosen to put their bitter ethnic strife with the Sinhala majority behind them in favour of stability.
These parliamentary elections complete Sri Lanka's political transition, allowing it to focus on rebuilding economic resilience and bringing itself out of an economic crisis.
Mr Dissanayake ran on a platform that sought to protect the working class from austerity measures.
Esta historia es de la edición November 18, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición November 18, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
39 of World's 100 most polluted cities are from India
China ranks 2nd with 30 cities in S&P Global Mobility survey
One tonne of paddy stubble burnt leads to 20 kg nitrogen loss in soil: Scientists
As Delhi and its adjoining areas reel from a thick blanket of bad air, senior scientists belonging to the Indian Council of Agricultural Research (ICAR) have said each tonne of stubble burnt leads to a loss of no less than 12-13 kg of phosphorus, 35 kg of potassium, and 20 kg of nitrogen in the soil.
Air woes: Delhi hospitals see 50% jump in OPD visits, admissions
Hospitals are witnessing a 40-50 per cent surge in patient visits due to respiratory illnesses, including symptoms of bronchitis and breathlessness, with major cities recording a severe jump in air pollution levels in the last 20 days.
New-age firms' growth gains priced in: Analysts
Investors advised to wait a few quarters before betting on these stocks
Rely on credit cards and unsecured loans, build emergency corpus
Handling the financial aspect of a medical emergency is often a daunting task, since it requires coming up with a significant sum at short notice. Households must prepare in advance for this challenge.
Moderated NTPC Green IPO price band with changing market sentiment: CMD
NTPC Ltd, which is the parent firm of the NTPC Green Energy Ltd (NGEL), on Tuesday said it moderated the price band of the initial price offering (IPO) to be in sync with the changing market sentiments.
Sebi notifies pro-rata distribution norms for AIFs
The Securities and Exchange Board of India (Sebi) has notified the changes in regulations governing alternative investment funds (AIFs) mandating them to provide investors rights and distribution of proceeds in proportion (pro-rata) to their commitments in the scheme.
BALANCED ADVANTAGE FUNDS REMAIN LOW ON EQUITIES
Majority ofthe larger balanced advantage funds (BAFs) raised their equity exposure in Octoberaftertrimmingthe allocation in the previous months. However, in most cases, the equity exposure remained closerto their respective multi-year low levels.
NeW initiatives, margin gain hopes positives for Delhivery
Logistics major Delhivery has had promising Q2FY25 results.
PE ancl VC companies adjust to longer holds after public listing
Startup IPO boom reshapes their investment strategies
