A National Consensus Commission has been established to gather input from political parties, and their recommendations will form the basis of a July Charter outlining agreed-upon reforms.
Whether the two parties can bridge the gap and reach a mutually acceptable agreement remains to be seen. The Sri Lankan government's insistence on price revision and Adani’s re-affirmation of the initial terms, clearly sets the stage for a tense negotiation period.
There has been a raging debate in Sri Lanka on the deal, citing it as an expensive deal. The earlier government had agreed to purchase power from Adani’s 484-megawatt wind power project at a rate of 8.26 US cents per unit under a 20-year power purchase agreement.
The 2013 amendment to the Anti-Corruption Commission Act, requiring government approval to investigate politicians or bureaucrats, has been particularly criticized for stifling the ACC’s independence.
Speaking at a press conference, BNP standing committee member and former state minister for power Iqbal Hasan Mahmud Tuku emphasised the need for transparency.
The regime’s kleptocratic system of ruling by plunder and favour to its cronies has contributed to accelerated wealth and income gaps as well as relative deprivation.
Sri Lanka plans to revise the draft bill on stolen asset recovery, a move aimed at strengthening mechanisms to retrieve illicitly acquired funds hidden domestically and abroad.
Nearly 5,000 elephants and 1,600 people have been killed in the last 15 years in clashes between elephants and humans in Sri Lanka, home to one of the largest remaining populations of Asian elephants, according to official figures.
Staying close to 1.5°C on the other hand preserves at least some glacier ice in all regions, even Scandinavia, with 20-30 per cent remaining in the four most sensitive regions; and 40-45 per cent in the Himalayas and Caucuses; stressing the growing urgency of the 1.5°C temperature goal and rapid decarbonization to achieve it.
Through the KCC framework, farmers benefit from revolving credit facilities for up to five years. This flexible structure allows them to draw and repay funds as per their seasonal requirements without having to reapply for loans each season.
Nearly 5,000 elephants and 1,600 people have been killed in the last 15 years in clashes between elephants and humans in Sri Lanka, home to one of the largest remaining populations of Asian elephants, according to official figures.
Staying close to 1.5°C on the other hand preserves at least some glacier ice in all regions, even Scandinavia, with 20-30 per cent remaining in the four most sensitive regions; and 40-45 per cent in the Himalayas and Caucuses; stressing the growing urgency of the 1.5°C temperature goal and rapid decarbonization to achieve it.