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Indrajit Coomaraswamy - Governor of CBSL

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Indrajit Coomaraswamy - Governor of CBSL

Post by Chinwi on Sat Jul 02, 2016 11:35 am

Indrajit Coomaraswamy


Indrajit Coomaraswamy (born April 3, 1950) is a Sri Lankan economist. He was the former Director Economic Affairs at the Commonwealth Secretariat.

Educated at the Royal College, Colombo and at Harrow School in England, he gained his undergraduate degree at Cambridge University and obtained his Doctorate at the University of Sussex. Joining the Central Bank of Sri Lanka in 1973 he served in the Economic Research, Statistics and Bank Supervision Divisions as a staff officer till 1989. From 1981 to 1989 he was seconded to the Ministry of Finance and Planning.
Thereafter he worked for the Commonwealth Secretariat from 1990–2008, holding the posts of Director, Economic Affairs Division and Deputy-Director, Secretary-General's Office and was brought back to the Commonwealth Secretariat to head the Social Transformation Programme Division, as Interim Director.

He is currently a Special Advisor at the Galleon Group.*

He played first-class cricket in 1971 and 1972 for the Cambridge University team.  He also played Rugby for Cambridge University, and later captained Sri Lanka in Rugby in the 1974 Asiad.

He was appointed as the Governor of the Central Bank of Sri Lanka on 2nd July 2016.

---
* The Galleon Group was founded by Raj Rajaratnam# one of the largest hedge fund management firms in the world, managing over $7 billion, before closing in October 2009.  The firm was the center of a 2009 insider trading scandal.


# - Raj Rajaratnam is an ethnic Sri Lankan Tamil born in Colombo . His father was the head of the Singer Sewing Machine Co. in South Asia.  He attended S. Thomas' Preparatory School, Kollupitiya before his family migrated to England.


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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by nimantha80 on Sat Jul 02, 2016 11:39 am

can he bring some funds??.
Chinwi your opinion on this man?

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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by crnsuranjith on Sat Jul 02, 2016 12:36 pm

ජනාධිපති මෛත‍්‍රිපාල සිරිසේන මහතා විසින් ශ‍්‍රි ලංකා මහ බැංකුවේ නව අධිපතිවරයා ලෙස ආචාර්ය ඉන්ද්‍රජිත් කුමාරස්වාමි පත් කර තිබේ.

මෙම පත් කිරීම සිදු කරනු ලැබුවේ සියළු පාර්ශ්වයන්ගේ එකඟත්වයෙන් යයි ජනාධිපතිවරයාගේ නිල ට්විටර් ගිණුමේ දැක්වෙයි.

නව මහ බැංකු අධිපතිවරයා ආචාර්ය රාධිකා කුමාරස්වාමිගේ සහෝදරයා වන අතර අගමැති රනිල් වික‍්‍රමසිංහ මහතා විසින් මෙම යෝජනාව කරනු ලැබ ඇතැයි දේශපාලන ආරංචි මාර්ග වාර්තා කරයි.

මේ වන විට වයස අවුරුදු 66ක් වන නව මහ බැංකු අධිපතිවරයා ආදි රාජකීය සිසුවෙක්ද වෙයි.

කෙම්බි‍්‍රජ් සරසවියේ උපාධිධාරියෙක් වන කුමාරස්වාමි මහතා අනතුරුව මහ බැංකුවේ ආර්ථික පර්යේෂණ දෙපාර්තමේන්තුවේද, බැංකු අධීක්ෂණ දෙපාර්තමේන්තුවේද, මුදල් හා සැලසුම් අමාත්‍යංශයේ සේවයද සේවය කර ඇති අතර පොදු රාජ්‍ය මණ්ඩලීය මහ ලේකම් කාර්යාලයේ උසස් තනතුරු හොබවා ඇත.

විනිමය වංචාවක් සම්බන්ධයෙන් ඇමරික එක්සත් ජනපදයේ 11 වසරක සිර දඬුවමක් නියම වූ රාජ් රාජරත්නම්ගේ සමාගමක් වන ‘ගැලයන්’ සමාගමේ උපදේශකයෙකු ලෙසද ආචාර්ය ඉන්ද්‍රජිත් කුාමරස්වාමි කටයුතු කර ඇතැයි සඳහන්ය.

නව මහ බැංකු අධිපතිවරයා ශ‍්‍රි ලංකාව හා ඉන්දියාව අතර අත්සන් කිරීමට නියමිත ගිවිසුම සම්බන්ධයෙන් වන සාකච්චාවන්හිදී ශ‍්‍රී ලංකාව වෙනුවෙන් සහභාගී වන පුද්ගලයෙකද වෙයි.

අම්මෝ…. ඇතියන්තම් දැන්නම් දෙයියනේ කියල ඉක්ටා අත්සන් කරන්න පුලුවන්

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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by stockback on Sat Jul 02, 2016 12:37 pm

is he Jafna Tamil?

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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by nimantha80 on Sat Jul 02, 2016 12:40 pm

dan eeye ravi onee kiuwe kauda.pissu wage matanam.

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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by samaritan on Sat Jul 02, 2016 1:17 pm

He is a very suitable candidate for the position. He is the brother of Radhika Coomaraswamy (UN).

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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by trader7 on Sat Jul 02, 2016 4:17 pm

I think this is great news, especially since he is an old Royalist, like Ranil W. time to stop discussing the Race.
It is high time that all
forget about race and Unite the country.
This news should make the CSE go Green on Monday.

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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by ramanesh on Sat Jul 02, 2016 4:37 pm

wheather he is for two month or permanant

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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by Chinwi on Sat Jul 02, 2016 6:37 pm

nimantha80 wrote:can he bring some funds??.
Chinwi your opinion on this man?


What I can say at the moment is, this person is a much better gentleman than the previous  
man they imported from Singapore. The other thing is, there are allegations against a top group at CB. I hope the new Governor will handle them smartly.  

No one can bring the amount of money we need now. I cannot imagine how they balance the next budget. It all happened when these fools increased salaries by almost 100%. It created imbalance and triggered money printing and Tax chain. Now due to increased prices and taxes the Govt. servants say the relief they got by increased salary is going backwards and they are in more trouble.  
This is a basic principal we learn in economy classes.  

At the same time entire food production in the country is being squeezed by the actions of the rulers and also by  identified and unidentified environmental factors. This can create lot of troubles in years to come if they take no action.

---
p.s. Dr. Coomaraswamy is in JKH board. Probably he may quit with this new situation.
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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by Gainer on Sat Jul 02, 2016 7:15 pm

special advisor to the Galleon group
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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by worthiness on Sat Jul 02, 2016 8:25 pm

Is the chapter closed now? As long as he maintained the professional career protecting ethics throughout his tenure that is it. Speaking of race, religion & other trivial matters are totally irrelevant. This is my persona view.

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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by Suranga malli on Sat Jul 02, 2016 8:52 pm

INDRAJITH KUMARASWAMY ONE OF THE GOOD CHOICE FROM GOVERNMENT....BUT WE HAVE TO SEE HIS ACTIVITIES REGARDING ECONOMY FOR NEXT COUPLE OF MONTHS...
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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by trader7 on Sat Jul 02, 2016 10:53 pm

Suranga malli wrote:INDRAJITH KUMARASWAMY ONE OF THE GOOD CHOICE FROM GOVERNMENT....BUT WE HAVE TO SEE HIS ACTIVITIES REGARDING ECONOMY FOR NEXT COUPLE OF MONTHS...
Most likely, he would do a better job than his predecessors

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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by stockback on Sun Jul 03, 2016 2:45 am

if T-Bill and T-Bond rates fall during next few months with good credit demand. then we can say Mahndre did something bad

but New person Unable to meet this target. if new person is honest person that means Mahendra didnt anything bad.

but hopefully rates will fall. Very Happy Very Happy Very Happy Very Happy Very Happy

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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by nimantha80 on Sun Jul 03, 2016 7:39 am

with rate fall how can we control inflation.IMF is watching inflation closely.one of their conditions

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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by Chinwi on Sun Jul 03, 2016 9:05 am

but New person Unable to meet this target. if new person is honest person that means Mahendra didnt anything bad.

I 'm sorry . The situation THEN was much better than now.
The new man has to face the consequences of the unnecessary jugglery like steps made during Singaporean invasion . Present situation is really worst.


Dr. Indrajith Coomaswamy in early 2014

He has a vision. That is sure.
He is a strong believer of Indian Free trade pack. That is the only questionable aspect at the moment. He may be correct .



Private note: අනිත් එක මේ මනුස්සයගෙ හොර මූණක් නෑ. අප ඉස්සර කාලෙ ආශ්‍රය කළ යහපත් උගත් රටට ආදරය කළ දෙමළ මහත්වරුන් ගේ කතාව හා දැක්ම තියෙන බව දැනෙනව​.
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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by D.G.Dayaratne on Sun Jul 03, 2016 12:07 pm

Some crooks use names of good honest people to hide there activities. Galleon group of Rajaratnam also might have used the good name of Indrajith K

My problem why  people take up this matter not mentioned  Indrajith is grand son of Ananda Coomraswamy Who has done tremendous contribution
to Sinhale Arts and culture

Appointment of Indrajith is good amicable solution to the problem

He is not belong to AJITH + MAHENDRAN category
I hope

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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by stockback on Sun Jul 03, 2016 1:09 pm

nimantha80 wrote:with rate fall how can we control inflation.IMF is watching inflation closely.one of their conditions


VAT increase then Inflation up last month. at the same time demand is going down bcz of buying power is going down.

then we can expect some low inflation or keep same level during next few months.

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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by Chinwi on Sun Jul 03, 2016 6:50 pm

My problem why  people take up this matter not mentioned  Indrajith is grand son of Ananda Coomraswamy Who has done tremendous contribution
to Sinhale Arts and culture

Im sorry I do not think they are related that way.

Hon. Ananda Coomaraswamy married an English girl when he was in England and then married another girl in same country after the end of first. He had two children , Narada & Rohini from second marriage .
He then married an American girl also .

Indrajith's family has different  genealogy I think.

His Grand Farther Chellappaia Coomaraswami was educated at Jafna Hindu & Colombo Royal entered Govt Service in early 1900s .
He was the GA of Jaffna in 1930s.

Chellappia's son Rajendra , also educated at Royal , captained 1st II Cricket . Then qualified from Oxford UK.  He too   entered Govt. Service and Joined UN later on and became a program Director .
President J.R Jayawardena appointed him as an advisory to newly formed BOI in 1980.

His son Indrajith , obtained education at Royal and then in UK. He also entered Govt. service.
Now he is the head of CBSL.
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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by Chinwi on Sun Jul 03, 2016 7:01 pm

D.G Dayaratne wrote:Some crooks use names of good honest people to hide there activities. Galleon group of Rajaratnam also might have used the good name of Indrajith K

We saw one fake Degree offering institute came to Sri Lanka from India used photographs of Late Hon. Lakshman Kadiragamar to convince local people . They invited him to the opening ceremony and he participated in good heart.

The institute was banned in India long ago but they continued offering Indian degrees in Sri Lanka. They used photographs taken at the ceremony to cheat people and for marketing in Newspapers, earned lot of money for many years.
After about 10 years of operating they vanished .
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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by dennam jambu on Sun Jul 03, 2016 7:19 pm

ටිකක් හරි හොඳක් වෙඉ. මහේන්ද්‍රන් හිටියනම් brake නැතිව ගලගෙදර පල්ලමේ යන ලොරියක් වගේ අවදානමක් තිබේ.කිසිම පාලනයක් නෙතිව.මේ මනුස්සයට ලැජ්ජාවක් බයක් තියන මනුස්සයෙක් නිසා ඉස්සරට වඩා හොදක් වෙඉ.

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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by crnsuranjith on Mon Jul 04, 2016 3:04 am

http://www.elakiri.com/forum/showthread.php?p=19879236

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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by stockback on Mon Jul 04, 2016 3:48 am

crnsuranjith wrote:http://www.elakiri.com/forum/showthread.php?p=19879236


onna ohe Mahinda mamage antige Malliwa damu ho AIyawa hari kamak naha. poddak srilankan ekata thuwala kala witharane

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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by hettdas on Mon Jul 04, 2016 7:39 am

Chinwi wrote:
nimantha80 wrote:can he bring some funds??.
Chinwi your opinion on this man?


What I can say at the moment is, this person is a much better gentleman than the previous  
man they imported from Singapore. The other thing is, there are allegations against a top group at CB. I hope the new Governor will handle them smartly.  

No one can bring the amount of money we need now. I cannot imagine how they balance the next budget. It all happened when these fools increased salaries by almost 100%. It created imbalance and triggered money printing and Tax chain. Now due to increased prices and taxes the Govt. servants say the relief they got by increased salary is going backwards and they are in more trouble.  
This is a basic principal we learn in economy classes.  

At the same time entire food production in the country is being squeezed by the actions of the rulers and also by  identified and unidentified environmental factors. This can create lot of troubles in years to come if they take no action.

---
p.s. Dr. Coomaraswamy is in JKH board. Probably he may quit with this new situation.


I totally agree with your comment

" It all happened when these fools increased salaries by almost 100%. It created imbalance and triggered money printing and Tax chain. "

All problems created after huge salary increase to government servants. You can feel how non government people bear this cost of living even if govt. servants say the relief they got by increased salary is going backwards and they are in more trouble.  

Now private sector people also demand high salaries. Also foreign investors  won't come if salaries are high because their main objective is earning profits.

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Re: Indrajit Coomaraswamy - Governor of CBSL

Post by Chinwi on Mon Jul 04, 2016 8:24 am

re.crnsuranjith:

Yes those 3 people were trying this for many years irrespective of governing party.

I did some non-economy related study with one of them and I know they had long term vision and goal. I do not know how they could spend lot of money for these work for so many years ...may be from external sources.

Due to their financial strength and international connections they can sustain  during any government, influence top ranks and gradually spread the vision they believe.

@ stockback , this case is much serious than managing an airline .  
If anyone wanted to know what happened in SriLankan, 80% of  Loss in Srilankan was due to high fuel prices and low productive high fuel burning 4 engined A 340 air planes.
Previous people did some mismanagement but the present crooks are doing more serious unrecoverable damage to the future of our airline by rejecting A350s built for us and withdrawing highly profitable ground handling from the airline.
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