Debate on GDP Per Capita Income and Household Survey Per Capita Income

Published : 12:00 am  March 17, 2014  |  Category: Opinion  |  Leave a Comment  |  585 views  |  

By Statistics Department Central Bank of Sri Lanka A recent article published in the Daily FT by W.A. Wijewardena highlighted the deviation between the GDP Per Capita Income (GDPPCI) and Household Survey Per Capita Income (HSPCI). The Central Bank provided a clarification on this issue by highlighting the underlying reasons of the said difference between the two estimates based on a thorough understanding on the concepts involved in compiling them. However, the honoured scholar seems to be still confused and is of the view that the deviation between GDPPCI and HSPCI as an error in compiling these estimates and that this perceived error is something which has to be rectified. This is not the... 


Ultimate goal of Geneva resolutions

Published : 12:00 am  March 17, 2014  |  Category: Opinion  |  3 Comments  |  614 views  |  

by Jayampathy Molligoda During the last few weeks, serious concerns have been expressed in print and electronic media about the possibility of imposing economic sanctions on Sri Lanka and trade embargos, actions against alleged war crimes committed by Sri Lankan armed forces, and immediate international intervention on Sri Lanka etc. Storm in a tea cup The third ‘UN Resolution’ (the 1st and the 2nd passed in 2012 and 2013) will be hopefully passed on 28 March 2014 on Sri Lanka’s human rights record. Here are the relevant extracts from the draft resolution put up by US. “…Calls upon the Government of Sri Lanka: to conduct an independent and credible investigation into allegations of... 


Unsolicited bids and the Hilton project

Published : 12:00 am  March 17, 2014  |  Category: Opinion  |  Leave a Comment  |  1 views  |  

The Leader of the UNP Ranil Wickremesinghe has raised a very interesting issue about unsolicited bids for large scale development projects. Political opposition apart, it is evident that certain large or even small projects cannot be done for practical reasons by following tender procedures to the book. In these matters we have to trust that those in power are acting in the interest of the country and also have no selfish motives like getting commissions and bribes. Experience has shown that soliciting bids is no guarantee of honesty. Many a time the tender procedures are fixed before hand in order to select one particular tender. Just because a project wins a contractor on the basis of an unsolicited... 


Channel 4 doth protest too much: Sri Lanka revisited

Published : 12:00 am  March 15, 2014  |  Category: Opinion  |  Leave a Comment  |  1,662 views  |  

Following is a release from Engage Sri Lanka pertaining to the book Corrupted Journalism: Channel 4 and Sri Lanka   In February 2014, Channel 4 and Callum Macrae published The Uncorrupted Truth, their response to Corrupted Journalism: Channel 4 and Sri Lanka, Engage Sri Lanka’s critique of Channel 4’s misreporting on Sri Lanka.1 To quote Queen Gertrude in Hamlet, act 3, scene 2, Channel 4 perhaps “doth protest too much”. In the continuing controversy over Channel 4’s deeply questionable programs on the end of the Sri Lankan civil war, Channel 4 is absolutely right in one thing. It has described its response to legitimate, carefully-presented criticism of the appalling journalism... 


Why does Sri Lanka need to be a hub?

Published : 12:00 am  March 15, 2014  |  Category: Opinion  |  1 Comment  |  1,811 views  |  

Technology and Research Minister Champika Ranawaka delivered a special speech during the ‘Five hubs: Fiction or Reality’ forum organised by Daily FT and Colombo University MBA Alumni Association recently. Below is a transcript of the speech: President and the office bearers of the Colombo University MBA Alumni Association, distinguished invitees, ladies and gentlemen, it is indeed with great pleasure that I accepted this invitation to be associated with this important event and to make the guest speech of the afternoon session at the ‘Five Hubs Forum’ jointly organised by the Daily FT and the Colombo University MBA Alumni Association. The five hubs concept was launched with the ‘Mahinda... 


Hard resolution

Published : 12:00 am  March 14, 2014  |  Category: Opinion  |  Leave a Comment  |  304 views  |  
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How and why Sri Lanka should argue that the UNHRC reject an external inquiry “It’s a hard rain a-gonna fall” – Bob Dylan Going by media reports, it would seem that the US-UK is veering towards a clearer fore-grounding of a mandate for investigation of Sri Lanka by the Office of the High Commissioner for Human Rights, a position which would crystallise around March 15th or 18th in Geneva. During the bitterly fought end of a long war of national defence against the monstrous LTTE, individual elements of the Sri Lankan armed forces may have brutally transgressed, but national self respect demands maximum resistance to being subjected like Devyani Khobragade to the institutional equivalent... 


Ambassador Aryasinha says draft resolution of core group violates Sri Lanka’s Constitutional provisions

Published : 12:00 am  March 13, 2014  |  Category: Opinion  |  Leave a Comment  |  681 views  |  

Sri Lanka’s Permanent Representative to the UN in Geneva Ambassador Ravinatha Aryasinha, has said: “The draft resolution on Sri Lanka deposited with the Human Rights Council by a core group comprising the USA, UK, Mauritius, Montenegro and Macedonia, violates the Constitutional provisions of Sri Lanka, is highly intrusive in nature and is in breach of the sovereignty of the Sri Lankan people and the territorial integrity of Sri Lanka.” “In being politicised and in clear contravention of accepted principles of conduct in the Council,” he said, “The resolution sets a bad precedent, and can in the medium-to-long term have an adverse impact on all developing countries in the Council.”... 


A food crisis waiting to happen

Published : 12:00 am  March 8, 2014  |  Category: Opinion  |  Leave a Comment  |  502 views  |  

By Meera Srinivasan The Hindu: With the monsoon failing, the fisheries sector not showing much promise, and disputes over water sharing, northern Sri Lanka seems to be heading toward a food crisis Ketheeswaran’s crops have never failed this way. Walking along his field which sprouts harvest-ready paddy and some rough-edged weeds, he directs his workers who are operating the harvest machines for the season’s paddy yield that, he says, has fallen drastically. “I usually get 450 bags after Mahabogam [the main harvest season of Sri Lanka] but have barely managed 140 this time.” It is around noon and the sun is right on top. “It is going to be very difficult this year,” says the middle-aged... 


Muslim community badly needs a fearless voice

Published : 12:58 am  March 7, 2014  |  Category: Opinion  |  1 Comment  |  1,434 views  |  

Not politicians, wheeler-dealers and businessmen turned sell-outs By Latheef Farook It appears that Sri Lanka’s beleaguered and besieged Muslim community badly needs an Ananthi Sasitharan and not the spineless politicians, wheeler-dealers, businessmen, media men and others who turned sell-outs. This is the inevitable conclusion sensible Muslims are forced to arrive following last Tuesday’s (25 February) informal gathering some of them had with Defence Secretary Gotabaya Rajapaksa. It was an opportunity to bring to Gotabaya Rajapaksa’s notice the issues faced by the Muslims and its devastating impact on communal harmony. However the participants, except two, miserably failed in their duty... 


Should GDP per capita be equal to per capita income based on Household Income and Expenditure Survey?

Published : 12:55 am  March 7, 2014  |  Category: Opinion  |  1 Comment  |  1,497 views  |  

A recent article published in the Daily FT on 24 February questions as to why the GDP per capita income (GDPPCI) differs from the Household Survey per capita income (HSPCI). As argued below, the differences in the methodology and coverage make these two estimates deviate from each other. The data on OECD countries which have more sophisticated data collection methodologies which compute GDP by Income Approach, also confirm that these two statistics are different. This same discrepancy is evident in East Asian, Southeast Asian and South Asian countries as well. The said article presents data for the period starting from 2005 in Sri Lanka, highlighting the discrepancy between GDPPCI and HSPCI.... 


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