Revival of Premadasaism: The way forward for Sri Lanka
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The police crackdown on Wednesday’s rally is a warning to workers and rural toilers that the Wickremesinghe is preparing repression against all opposition to its IMF-dictated austerity.
Half an hour after the march began students were confronted by a massive contingent of 500 police, including riot control officers, and accompanied by two water cannons.
The belated arrests are a bid to deflect the widespread outrage over the violent attack on protesters voicing the sentiments of millions in their call for the president to resign and the deep social crisis to be alleviated.
The Monetary Board of the Central Bank of Sri Lanka on Friday decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 700 basis points to 13.50 per cent and 14.50 per cent, respectively, effective from the close of business on April 8, , sri lanka, economic crisis, interest rates, inflation