The dissidents, led by former president Sirisena's Sri Lanka Freedom Party, would leave the ruling Sri Lanka Podujana Peramuna coalition with its 14 Members of Parliament, party sources said after their meeting with the President on Monday.
Sri Lanka on Wednesday declared a state of emergency after President Gotabaya Rajapaksa fled to the Maldives on a military jet in the face of a public revolt against his government for mishandling the country's economy.
In recent months people have been blocking roads across the country in a desperate bid to force the government to address the issue of acute gas shortages.
A video is being shared on social media showing the protesters counting the currency notes that were unearthed. The recovered money was said to be handed over to the security units, the Daily Mirror newspaper reported.
Sri Lankan President Gotabaya Rajapaksa, who is under pressure to resign, was dealt a further blow on Wednesday when three more parliamentarians withdrew their support to the government.
The President had been moved out of his residence on Friday, in anticipation of Saturday's protests.
'A fragile Sri Lanka will have a serious impact on the security of India.'
Despite mounting pressure, Gotabaya, and Prime Minister Mahinda have refused to quit office.
Sri Lankan police on Saturday fired tear gas and water cannons to disperse anti-government protestors here as the ongoing agitation demanding the resignation of President Gotabaya Rajapaksa over the worst economic crisis intensified as it entered its 50th day.
'While parliament has elected him, the people are demanding that he goes home.'
Prime Minister Narendra Modi congratulated Rajapaksa and said he looks forward to further deepen relations between the two nations.
The 74-year-old leader, who describe himself as "a rebel with a cause", earlier served as the country's president from 2005-2015, becoming South Asia's longest-serving leader. He was also prime minister for a brief period in 2018.
President Rajapaksa and Prime Minister Rajapaksa will transform Sri Lanka's political landscape after Thursday's electoral triumph, predicts N Sathiya Moorthy, veteran Colombo watcher.
'The Indian government is better prepared this time and has reached out to all contenders and not putting all eggs in one basket.'
'If there is a push towards a Marxist oriented government it will be dangerous.' 'We have seen this in Nepal and Myanmar and it will be a concern for India if it is surrounded by countries with such political dispensations.'
'Rajapaksa's victory poses a serious foreign policy challenge for the Modi government,' notes Ambassador M K Bhadrakumar.
Mahinda Rajapaksa completed 50 years of parliamentary politics in July this year. He was elected as a Member of Parliament at the young age of 24 in 1970. He has since been elected president twice and has been appointed prime minister thrice.
'Will President Dissanayake calibrate his foreign policy taking into account India's immediate security concerns? We need to watch.'
Anti-government protesters in Sri Lanka on Tuesday set up a checkpoint on the road leading to the Bandaranaike International Airport in Colombo to prevent the Rajapaksa family loyalists from fleeing the country, as violence and widespread protest continued against the regime over the country's worst economic crisis in decades.
Anura Kumara Dissanayake was sworn in as Sri Lanka's ninth president on Monday, amid hopes that he will bolster the country's economy and eliminate corruption.
Unofficial results indicate that the SLPP would comfortably win at least 17 out of the 22 districts on offer.
New Delhi is approaching Gota with an open mind, observes N Sathiya Moorthy.
Condolences have poured in from across the globe, including from the United States, Canada and Sri Lanka following the demise of former Prime Minister Manmohan Singh.
Mahinda Rajapaksa is a democratically elected leader who received a massive mandate of 71% of votes, and he owes nothing to Delhi or Washington for staging his political comeback, observes Ambassador M K Bhadrakumar.
The parliament has approved a no-trust vote against Prime Minister Rajapaksa, speaker of parliament Karu Jayasuriya announced in the House.
Basil had negotiated the Indian economic relief package to help Sri Lanka tackle the current foreign exchange crisis.
Rajapaksa informed the lawmakers of United People's Freedom Alliance that he has resigned from the post.
Mahinda Rajapaksa recovered from his 2015 electoral losses, went to the people and campaigned about the injustice done to him. Without attempting to be subtle, he underscored his image of the Sinhala Buddhist warrior a la Dutugemunu, the king of Sri Lanka (164 BC to 140 BC) who led the military campaign against the invading warlord Elara.
Sri Lanka fined 40 percent of match fee for slow-over rate in second T20 against Australia
Rajapaksa's five-day visit to India assumes significance as his tenure as Sri Lanka's president from 2005 to 2016 saw expansion of China's footprints in the Indian Ocean island nation, triggering concerns in India.
The SLPP, led by prime minister Mahinda Rajapaksa, has won in 145 constituencies, bagging a total of 150 seats with its allies, a two-thirds majority in the 225-member Parliament, according to the results announced by the election commission.
Former champions Sri Lanka overcame initial hiccups to subdue an inexperienced yet spirited Namibia by seven wickets, beginning their quest to make the Super 12 stage of the T20 World Cup in right earnest, here on Monday.
Gotabaya Rajapaksa, ousted as the president of Sri Lanka in a popular public uprising in 2022, on Thursday hinted that India was keen on his continuation despite the growing public discontent against him at the behest of certain Western powers.
In the endlessly entertaining and absorbing soap opera that is India-Sri Lanka relations, wait for the next episode, Aditi Phadnis reports.
Political analysts said Sirisena's move to install Rajapaksa as the prime minister could lead to a constitutional crisis as the 19th amendment to the Constitution would not allow the sacking of Wickremesinghe as the premier without a majority.
Rajapaksa was appointed as the premier on October 26 by President Maithripala Sirisena after sacking Ranil Wickremesinghe, plunging the nation into a constitutional crisis.
As the island heads for elections, two major factors worry Sri Lankan President Mahinda Rajapaksa. One is the division in the Sinhala vote and the other is the prospect of the Tamils and Muslims voting heavily against him.
Lanka is witnessing a political crisis since October 26 when President Sirisena sacked Wickeremesinghe and replaced him with Rajapaksa.
Describing Lord Buddha as the inspiration for India's Constitution even today, Prime Minister Narendra Modi on Wednesday said Buddha resides in the soul of humanity and connects different cultures and countries.
Sri Lanka's former president Mahinda Rajapaksa on Tuesday accepted defeat in the parliamentary elections even before the announcement of the final results.
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