This slump is largely attributed to domestic unrest, contractionary monetary and fiscal policies, and a broader climate of uncertainty that has discouraged both foreign and domestic investment.
This decrease was primarily driven by a significant drop in food and beverage prices, with vegetable prices entering negative territory for the first time in 20 months.
By establishing dedicated police stations, enforcing strict regulations, and enhancing monitoring mechanisms, the government aims to protect consumers from exploitation while ensuring market stability.
With vegetable inflation exceeding 40 per cent, consumers face the brunt of soaring costs, while weak market monitoring and governance exacerbate the issue.
Sri Lanka’s central bank embraced deflationary measures that allowed currency appreciation and restored external stability. Critics argue, however, that these gains may be short-lived without structural reforms and tighter inflation targets.
Highlighting positive economic indicators, the Prime Minister noted that the reduction in the policy rate would provide much-needed relief to businesses and investors.
The President revealed that the government had successfully recouped MVR 3.1 billion from various parties, contributing to a reduction in the overall national debt.
Justice Madan Lokur, Chairperson of the United Nations’ Internal Justice Council and former Judge of the Supreme Court of India, emphasised the need for meaningful access to justice for children—as victims, as accused, and as those in need of care and protection, in all their avatars.
For Delhi’s waste pickers, a working bus route is not a luxury. It is a pathway to dignity, safety, and survival. In a city battling extreme heat, toxic air, and rising inequality, climate justice might just begin with a seat on a functioning, inclusive bus.
The pilot in Galle is seen as a potential blueprint for nationwide replication, with implications for addressing water inefficiencies throughout Sri Lanka. If successful, it could also serve as a model for other countries in the region facing similar challenges.
Justice Madan Lokur, Chairperson of the United Nations’ Internal Justice Council and former Judge of the Supreme Court of India, emphasised the need for meaningful access to justice for children—as victims, as accused, and as those in need of care and protection, in all their avatars.
For Delhi’s waste pickers, a working bus route is not a luxury. It is a pathway to dignity, safety, and survival. In a city battling extreme heat, toxic air, and rising inequality, climate justice might just begin with a seat on a functioning, inclusive bus.