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The “release” of Sarath Fonseka Former Army commander and erstwhile contender for the 2010 Presidential stakes from jail due to remission of his prison sentences by President Mahinda Rajapaksa has infused fresh excitement into the Sri Lankan Political scenario.
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Democracy simply means rule by the people. Democratic form of governance permits people to elect representatives of their choice, by using their franchise at elections.The elections are expected to be conducted free of corruption, fraud, any form of malpractice and intimidation,..
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With heavy showers of blessings during the past few days, we may tend to think that we could use water freely or even waste it. But global warming has changed weather patterns and monsoons are generally limited, so there is a need to ensure that not even a single drop of rain water goes waste.
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Former Commander of the Army Gen. Sarath Fonseka who was imprisoned for more than two years has been released. It is through powers vested with the President to pardon convicted offenders as stipulated in clause 34 in the Constitution.
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The much awaited release of former Army Commander Sarath Fonseka – whatever the reason for it and whatever the change in strategic political alliances – is widely seen as a major step towards the restoration of democratic values and freedoms.
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The NATO summit in Chicago seems to be in a fix. Though the leaders had converged with a sense of understanding to scale down their responsibilities and walk out of Afghanistan in grace, and that too at the earliest, the change of heart from Washington has acted as a spanner in works.
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State banks, according to their annual reports, make a healthy profit every year. They are running smoothly without giving any burden to the treasury and credit their profit to the government consolidated fund annually while providing necessary financial assistances to the development of the country.
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France’s new President Nickolai Hollande, taking a courageous step to pull his country and the European Union out of economic recession, has announced that the austerity package is being relaunched at the top with a pay cut of 30 per cent for him and his Cabinet.
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Recently the Board of the National Savings Bank (NSB) sought to explain why it purchased shares of The Finance Company (TFC) from two or three of the latter’s directors with a premium exceeding 50% of the market value at a time when the entire Stock Market was in dire straits.
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It could not have come at a better time, or worse. President’s Secretary Lalith Weeratunga’s speaking/reading about ‘home truths’ in Sri Lanka’s relations with neighbouring India coincided to the week with the conclusion of ‘Eelam War IV’ and the end of the LTTE.