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Lanka’s poverty rate doubled, says World Bank

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Sri Lanka’s ongoing economic crisis is estimated to have doubled the poverty rate from 13.1 percent to 25 percent and it is projected to remain above 25 percent for the next few years due to the multiple risks to households’ livelihoods, the World Bank said in its twice-a-year update on Sri Lanka this week.

“The crisis reversed years of gains in poverty reduction and human capital development,” the update said, noting that the crisis had added an additional 2.5 million poor people.

Vulnerability to income shocks has also increased with many non-poor households living close to the poverty line – 5.7 percent of the population lives less than 10 percent above the poverty line and a further 5.6 percent lives between 10 and 20 percent above it. All these households are highly vulnerable to falling into poverty in the event of a negative income shock, according to the report.

The international financial outfit also projected that the country’s economy would continue to face significant challenges this year and beyond with the country’s economy contracting by 4.3 percent this year, while demand continued to be subdued, job and income losses intensified, and supply-side constraints adversely affected production.

“Growth prospects are subject to high uncertainty and will depend on the progress of debt restructuring with timely and effective implementation of fiscal consolidation, and growth-enhancing structural reforms,” the World Bank said, while pointing out that the country could use this crisis as an opportunity to build a strong and resilient economy.

(Sunday Times)

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Detention of Indian fishermen : Our govt. has inherited the situation – Jaishankar

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Addressing the queries regarding the plight of Indian fishermen detained in Sri Lanka during the question hour in Rajya Sabha on Thursday, External Affairs Minister S Jaishanker said that the current government inherited the situation due to events that can be traced back to 1974 and 1976.
Mr. Jaishankar detailed Sri Lanka’s legal framework, stating, “Sri Lanka has two laws — the Fisheries and Aquatic Resources Act of 1996 and the Fisheries Regulation of Foreign Fishing Boats of 1979. Both these acts were amended in 2018 and 2023, providing for much stiffer sentences, bigger fines, and greater detention.”

He explained that many of those serving sentences are boat owners, skippers, or repeat offenders, complicating resolution efforts. He stated that the “root cause” of the ongoing issue related to the detention of Indian fishermen in Sri Lanka began in 1974 when the international maritime boundary line was drawn, followed by an exchange of letters in 1976 with Sri Lanka delineating fishing jurisdiction.

“The house is aware that, in a way, our government has inherited the problem. This problem began in 1974 when the international maritime boundary line was drawn, followed by an exchange of letters in 1976 delineating fishing jurisdiction. These decisions are the root cause of the situation,” EAM said while replying to the question raised by DMK MP Tiruchi Siva.

Mr. Jaishanakar further noted that the majority of the fishermen detained in Sri Lanka are from Tamil Nadu and Pondicherry due to geographical proximity.

“Because it is Sri Lanka, it is natural that the majority of the fishermen will be from Tamil Nadu and Pondicherry,” he said, outlining the issue’s regional context.

Providing an update on the number of fishermen detained in Sri Lanka, Mr. Jaishankar said, “Till yesterday, there were 86 Indian fishermen in Sri Lankan custody. Today, one more trawler has been apprehended, adding 11 more fishermen. So, in total, 97 are in custody — 83 are serving sentences, three are awaiting trial, and 11 have been apprehended today.”

Earlier on Thursday, the Sri Lankan Navy apprehended 11 Tamil Nadu fishermen and took them to Kangesanthurai Naval camp for investigation, as per officials.

According to the Rameswaram Fishermen Association, 11 Tamil Nadu fishermen were apprehended in one boat fishing in the Bay of Bengal in Tamil Nadu.

11 Indian fishermen from Tamil Nadu held; one trawler seized by Sri Lankan Navy

Meanwhile, seven fishermen who were arrested by the Sri Lankan Navy were released from prison and reached Chennai Airport, Tamil Nadu, today.

Four of the fishermen were arrested on February 20 and the other three on 22 February, allegedly for cross-border fishing.

(thehindu.com)

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FR against Lyca Group media acquisitions : Leave to proceed granted

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The Supreme Court of Sri Lanka has granted leave to proceed with a Fundamental Rights (FR) Petition filed challenging Lyca Group’s acquisition of over 11 media institutions and broadcasting licenses.

The FR petition, filed by social activist Jamuni Kamantha Thushara, was taken up for consideration today.

The petitioner claims that the Lyca Group has violated the law of Sri Lanka in acquiring the 11+ media and broadcasting licenses, including the licenses formerly owned by EAP Group, pointing out serious national security threats.

The Supreme Court bench, comprising of Justice Janak de Silva, Justice Menaka Wijesundara, and Justice Sampath Abeyakoon, granted leave to proceed with the FR petition.

President’s Counsel Uditha Egalahewa with Attorney-at-Law N.K.Ashokbharan appeared for the petitioner.

Former Attorney General (Retired) Sanjay Rajaratnam, President’s Counsel Shavendra Fernando, President’s Counsel Chandaka Jayasundara, and President’s Counsel Saliya Peiris appeared for several Respondents.

Additional Solicitor General Sumathi Dharmawardhana with Additional Solicitor General Viveka Siriwardena appeared for the State parties.

The petition is fixed for argument on 2nd December 2025. 

(newswire.lk)

(Except for the headline, this story, originally published by newswire.lk has not been edited by SLM staff)

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Octopussy brawl : 4 suspects remanded

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Four suspects who surrendered to the Central Crime Investigation Bureau (CCIB) over an assault incident in front of the Octopussy nightclub at Union Place, Colombo on March 22, have been remanded.

Saturday (22).
This order was issued after the suspects were produced before the Fort Magistrate’s Court today (March 27) and were remanded until April 01.

The suspects were arrested after their statements were recorded at the CCIB yesterday.

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