Sri Lanka is most at risk of an exchange rate crisis, according to a gauge published by Nomura this week, as fears over currency crunches continue to build in emerging market economics.

Nomura’s “Damocles” index, which the bank called an “early warning system”, placed Sri Lanka most at risk out a range of market economies, reports the Financial Times.

Newly appointed UN High Commissioner for Human Rights, Michelle Bachelet said Sri Lanka had “moved too slowly towards meaningful implementation of the transitional justice agenda” in her opening statement to the UN Human Rights Council (UNHRC) earlier today.

Bachelet also stated that in Sri Lanka “recurrent incidents of racist and inter-communal violence are disturbing, as are announced plans to resume use of the death penalty” as the 39th session of the UNHRC began in Geneva.

She noted that though progress was slow, the “the Office of Missing Persons has now begun consultations and institutional capacity-building to fulfil its mandate”.

Families of the disappeared in Sri Lanka have “waited too long to know the truth” about the enforced disappearances of their relatives, said the United Nations Working Group on Enforced or Involuntary Disappearances (UN WGEID) in a report submitted to the UN Human Rights Council.

The report stated that “families of the disappeared in Sri Lanka have waited too long to know the truth about the fate or whereabouts of their loved ones”.

“This is an absolute right under the Declaration and an obligation that the State should meet in accordance with international law,” it added.

The slaughter of 185 Tamils by the Sri Lankan army with the assistance of the Muslim home guards in Sathurukondan, Batticaloa was remembered 28 years on at the memorial site in the village. 

Families of those massacred gathered to remember the horrific event. 

Manipay police on Saturday arrested four Tamil youths for alleged vandalism committed in Navali. 

Four houses and a van were set on fire on September 8. 

Police officers arrested the four Tamil youths on the same night. 

Investigations continue, the police said. 

The Tamil Nadu cabinet on Sunday announced it would be recommending the release of all seven people convicted over the the assassination of Rajiv Gandhi following a 2 hour meeting headed by the chief minister Edappadi K Palaniswani. 

The fisheries minister, D Jayakumar announced the cabinet would be submitting the recommendation to the governor. 

The Sri Lankan army has denied it has closed any military camps and maintained that it remained “on alert to face any eventualities”, in a statement released on Sunday.

The statement challenged critics of the military “to publicly name what those operationally important camps, said to have been closed down, if any.”

The forest department of Sri Lanka has demanded that recently resettled Tamil villagers in Vavuniya vacate their lands, as the government looks to occupy more regions in the North-East.

Approximately 35 families from Kanchiramoddai village in the Vanuniya North divisional secretariat recently resettled in the area, with some of the families having returned from India. However, the forest department has since demanded the villagers leave the area, claiming that the land belongs to the government.

The Northern Provincial Council passed a resolution to intensify its efforts to stop Sinhalisation of the province.

Proposed by Mullaitivu representative T Ravikaran at the council’s 130th sitting on August 30, the council agreed to appoint a group of experts to document the extent of illegal Sinhalisation in the province and to step up pressure on the Sri Lankan government, as well as to focus on stopping specific illegal settlements.

Residents and local business people held a hartal on Friday to protest against the establishment of a bottle water factory in Batticaloa. 

The hartal follows a protest last month in Eravur, where residents expressed concern the factory would take excessive amounts of water from Batticaloa's local water supplies. 

Local council members, Eastern Provincial Council members and religious leaders had participated in the protest.