03 May 2015 - {{hitsCtrl.values.hits}}
t the time of independence in 1948, Ceylon (British Colonial name until 1971), was one of the most prosperous countries in the Commonwealth. During that period, we had a well developed infrastructure, and an independent, cost effective, efficient public administration network and judiciary, and a democratic Westminster-type political system. It must also be mentioned that around the first decade of the 20th century, there were a little more than 200 British officials satisfactorily governing a population of around 3 million. In addition, there were significant achievements in health, education and other sectors together with a prospering plantation economy, with the only drawback being extremely poor industrialization schemes. The Sri Lankan rupee value had been so strong then, it stood at Rs. 1.50 against the British pound.
numerous Boards and Corporations. The Supreme Court, however, years later had ruled privatization was a farce and a total failure. It had been accordingly revealed that the government had lost billions and billions through these corrupt deals.
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