Finance and Economy

The satyagraha started with fishermen from multiple coastal districts, including Mullaitivu and Kokilai in the north, converging on Colombo to voice their grievances.

The agency emphasises that sovereign ratings have so far remained resilient, but this could change as climate shocks translate into sustained output losses, fiscal weakening, or political instability.

Farmer organisations have indicated that the February 12 protest could mark the beginning of a sustained campaign if their demands are not met or if the trade agreement proceeds without further consultation.

Farm organisations have already begun voicing strong opposition. Some groups have called for nationwide protests.

Sri Lanka is gearing up to apply for $25 million from the United Nations' Fund for Responding to Loss and Damage (FRLD). The application is intended to support recovery efforts.

The tariff reduction, confirmed by US President Donald Trump following talks with Prime Minister Narendra Modi, effectively withdraws additional duties that had pushed levies on some Indian exports as high as 50 per cent.

Anchored in the government’s vision of Sabka Saath, Sabka Vikas, the budget is structured around three overarching “kartavyas” or duties: accelerating economic growth, building people’s capacities, and ensuring inclusive access to resources for all families, communities and regions.

The opposition’s chorus underscores a deepening divide, with calls for parliamentary scrutiny and course correction. As debates unfold, the budget’s fate may hinge on addressing these critiques amid electoral pressures.