Sri Lanka Crisis Latest News: In a late-night development, Sri Lankan President Gotabaya Rajapaksa revoked the state of emergency in the country. This came hours after his government lost parliamentary majority after as many as 41 lawmakers walked out from the coalition. Despite several resignations, the protests are not ebbing. People have been on streets across the island nation demanding Gotabaya Rajapaksa and his elder brother Mahinda Rajapaksa to resign. Though there has been no buzz around the next step, many believe the President may remove his elder brother from the post of the Prime Minister and appoint a new face. Other possibility can be holding a snap poll.

After the IMF, now the United Nations has also reacted on the Lankan crisis. The Human Rights Council of UN said that it is watching the worsening situation ‘very closely.’ Sri Lanka has previously faced criticism over its human rights records. The public unrest may give way to total anarchy if a political resolution doesn’t come up quickly, many feel.

Veteran left-wing politician Vasudeva Nanayakkara is among those who feel that the political aspect of the ongoing crisis can be resolved by snap elections. According to a PTI report, Nanayakkara says that there should be a government with all political parties as participants for bare minimum six months to stabilise the situation before elections.