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| Sunday, 18 July 2004 |
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The Hindu sees new opportunity The Hindu in an editorial comment on July 15 said that there is opportunity in the new turn brought about by the sweeping victories of the Kumaratunga led- alliance in the Provincial Council elections. It further said that President Kumaratunga is a gifted and brave political leader with a non-chauvinistic and progressive vision and added that with a majority in Parliament now within grasp, with Arumugam Thondaman's Ceylon Workers Congress expected to join the ruling alliance, she has a new opportunity to take forward her commitment to a negotiated federal solution to Sri Lanka's principal national problem, the Tamil question. (See also page 11) US$ 150m. Indian loan The Government of India has extended a special credit line worth US$ 150 Million at the request of President Chandrika Kumaratunga. This will enable the Government to import petroleum products from India. The loan offered at highly concessional interest terms is repayable over a period of seven years and includes a one year grace period. |
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