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Lankan call for abolition of presidential system

Sri Lanka Opposition leader Sajith Premadasa has  called for the Executive Presidency to be abolished, saying power should be divided between the Executive, Legislature and Judiciary.

“The government must pay heed to the public demand for the Rajapaksas to quit, if not we will bring a no confidence motion,” the leader of the Samagi Jana Balawegaya (SJB) told Parliament. The SJB has begun to collect signatures from MPs for the no-confidence motion, according to media reports.

Rajapaksa earlier proposed the creation of a unity government, but the main Opposition party Samagi Jana Balawegaya (SJB) rejected the idea. Premadasa said that he cannot agree to an interim government with President Rajapaksa remaining as President. The SJB said that it is also prepared to impeach the President. He also submitted a set of proposals to Parliament on behalf of the SJB to address the economic crisis in Sri Lanka.

Sri Lanka’s central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared due to crippling shortages of basic goods driven by a devastating economic crisis.

With inputs from News18

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