Sri Lanka News Updates with Discussions

U have answered me by asking a question..now please answer me?

Sri Lanka's double-digit inflation is not driven by runaway global crude prices but by poor economic management, the International Monetary Fund (IMF) said yesterday.

Sri Lanka s official year-on-year inflation rate rose to 24.0 percent in February, up from 21.6 percent in January and 7.1 percent a year earlier.

The government, which is battling three decades-long war with Tamil Tiger rebels, has blamed accelerating inflation on rising global crude oil, commodity and food grain prices.

However, the IMF report that studied Sri Lanka's inflation in 2006 and 2007 found that external shock such as oil prices were only partly to blame.

Since late 2006, Sri Lanka's inflation has increased sharply relative to other economies in the region, the 28-page report titled Pass-Through of External Shocks to Inflation in Sri Lanka -- said. The sharp increase in inflation compared to other countries in Asia points out that increases in oil prices in the recent past cannot explain most of the increase in inflation in Sri Lanka. The study found that most of the inflation in Sri Lanka is home-grown.

It said only 25 percent of recent consumer inflation could be explained by external factors with oil accounting for about six percent, import prices 11 percent and the exchange rate about 10 percent.

The IMF concluded that domestic shocks likely play a more significant role on inflation in Sri Lanka, indicating that better economic policies were needed to lower inflation.

With external shock not playing a major role in influencing domestic inflation

Does 'Blame' tantamount to a proven case to you?

Sinhala or Tamil my reactions are same.

We Will create Eelam & it will be partnering Tamilnadu in future for economic benefits.

Why do you think that India is going ahead with Sethu samudram canal ?

To promote good ties between tamilnadu & EELam .

Do you know that the GDP of Tamilnadu is more than that of your entire Sorry Lanka ?

Don t be fooled by India s economic boom for a vast swathe of the population the situation has not improved in generations. Hundreds of millions are trapped by caste and gender discrimination, and by the cycle of: poverty--- child labour---no education---poverty. These people endure some of the worst conditions experienced anywhere in the world. For instance, an Indian child is more likely to be malnourished, have inadequate sanitation, not attend school, remain illiterate and marry underage, than is a child from Africa or any other global region.

INDIA, STATISTICS
Population
India 1,065 million
Children -18 years 420 million
Children -5 years 118 million
Living on -$1/day 360 million
of whom, children 140 million
Orphans 35 million
HIV/AIDS infected 5.2 million