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Cash-Strapped Sri Lanka Keeps Schools Shut Because of Fuel Crisis - Report_我的网站

A |     The Sri Lankan government has shut all schools for a week, saying the nation does not have enough fuel to send teachers and children to the classroom, local media reports say.,The country's Education Secretary, Nihal Ranasinghe, instructed the schools to conduct lessons online.,He also said that the schools at the divisional level will be allowed to run classes with fewer students so long as students, teachers and principals are not affected by transportation difficulties, the country's newspaper, The Daily Mirror, reported.,Ranasinghe also announced that the Public Utilities Commission of Sri Lanka (PUCSL) has agreed not to have power cuts between 8am and 1pm to enable online teaching on weekdays.,The department has also announced countrywide power cuts of up to three hours a day from Monday.,Sri Lanka Lifts Qatar Charity Terror Ban as Crisis-Hit Nation Eyes Oil, Gas 30 June, 12:00 GMT,In June the country announced that schools would' shut down for a week thanks to the fuel crisis.,Energy Minister Kanchana Wijesekera on Sunday said the government has ordered new fuel stocks, and the first shipment carrying 40,000 metric tons of diesel is expected to arrive on Friday, whereas the first shipment carrying gasoline will come on 22 July.,Wijesekera also appealed to the country's two million expatriates to send money home through banks to finance new oil purchases.,The minister also revealed that several other fuel shipments were in the pipeline, but authorities are struggling to find $587Mln to pay for the fuel.,"Sri Lanka owed about $800Mln to seven fuel suppliers," he added. The remittance, which usually stood at $600Mln per month, had declined to $318Mln in June, a 53 percent of decline compared with June 2021.,The decline has been seen since last year when the government ordered the mandatory conversion of foreign currency, forcing people to pay extra money.,Many media reports suggest that since then, many people have resorted to the black market to send their cash rather than through official channel.,Want to know more? Check out our Koo & Telegram accounts!,Koo: https://www.kooapp.com/profile/sputniknews,Sputnik India: https://t.me/sputniknewsindia。    The UK government has rolled out the Energy Bills Support Scheme, under which British households will start receiving £400 ($488) off their energy bills from October, with the discount made in six instalments to help families throughout the winter period.,However, the measure does not seem to be enough to save the day, given that Brits have found themselves caught between nearly two-digit inflation and soaring mortgage payments, according to Rodney Atkinson, an academic and political and economic commentator.,"Once the government lost control of monetary policy (or indeed deliberately printed money during COVID in order to debase its own debt) then there are no easy ways out," Atkinson said. "The British government has offered all households energy subsidies and those on support programs more. But now interest rates are rising and although this raises the value of the pound and reduces import and energy costs, the overall effect is more suffering. Mortgage costs and business debt costs have been rising for months.",Increasing energy bills all across Europe are whipping inflation up even further. On July 27, the Guardian made an attempt to blame reduced gas flows through Russia's Nord Stream 1 for the soaring energy prices, while shying away from shedding light on the energy embargo introduced by the US, the UK and the EU against Russia's hydrocarbons. The US and the UK have been in the vanguard of anti-Russia sanctions since Moscow launched its special military operation to demilitarize and de-Nazify Ukraine on February 24, 2022.,"Because much of the rise in costs is due to the political anti-Russia sanctions; changes in monetary policy will have little effect and are not quick enough," emphasized Atkinson. "Only a retreat on oil sanctions by the EU will drive down oil prices (which is already happening). Biden and the EU’s attempts to persuade the Middle East producers of oil and gas to increase production were a failure.",Sunak Vows ‘Radical’ Income Tax Cut as Truss Team Accuses Ex-Chancellor of ‘Another U-Turn’1 August, 08:12 GMT,New British Cabinet Will Have a Lot on Its Plate,While the British government has pledged to slash at least part of Brit’s energy expenditures, the question arises as to where No. 10 will find this money, given that both Tory candidates for prime minister, Liz Truss and Rishi Sunak, have vowed to cut taxes considerably.,"In an election, the promises are all about cutting taxes and increasing expenditure - a very dangerous combination which is unsustainable," warned Atkinson. "There are many state subsidies and expenditures which could be cut (to justify the tax cuts) but no one likes to mention them. And Truss seems to be piling up ever more spending promises.",Still, it is clear that the new British cabinet will have to exert much effort to prevent people from taking to the streets. The British economist presumes that No. 10 "will have to offer greater subsidies to those caught by the high winter fuel prices.",Nonetheless, "the continuing high profitability of energy producers and energy utilities will further increase the public’s anger at big business and multi nationals who are also seen as not paying their fair share of tax," Atkinson projected.,"Voters are becoming more and more cynical but there are no politicians in any party capable of understanding the fundamental problem of state and corporate profit combined with voter weakness and consumer poverty," he underscored.。

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