News
Opposition opposes issuing Treasury Bills worth one trillion
There was a heated debate, in Parliament, yesterday, when Leader of the Opposition Sajith Premadasa objected to a decision made by the government to raise one trillion rupees, by issuing Treasury Bills..Premadasa said the approval of the Public Finance Committee was needed to issue Treasury Bills as an urgent need and that the Committee currently did not have a permanent chairman.
“The decisions at the Committee are taken under an acting chairman. Therefore, these decisions are not valid. The current acting chairman is a government MP which is a violation of Standing Orders. Standing Orders clearly state that the Finance Committee has to be chaired by an Opposition MP,” Premadasa said.
Chief government Whip Prasanna Rantunga said the Opposition should name a suitable MP to be the chairman of the Public Finance Committee.
“The Opposition must come up with some names and we will consider them. We appointed an Opposition MP as the head of Finance Committee but the Opposition forced him to resign,” he added.
Minister Bandula Gunawardene said the money is being raised to pay salaries.
“We need a lot of money to pay salaries and welfare. We can’t print money because of the IMF agreement. Treasury must present a report to the House on the total State expenditure, on a monthly basis, so that the MP will be aware of the expenditures,” he said.
The Cabinet of Ministers has approved the resolution furnished by the Minister of Industries and Entrepreneurship Development to recognize the “Sri Lanka National Export
Development Plan – 2026–2030” as the official strategic framework for export development and promotion of exports in Sri Lanka.
The Sri Lanka Export Development Board, in collaboration with public and private sector stakeholders connected to the export sector, has formulated the National Export Development Plan 2026–2030 by obtaining technical assistance under the Policy-Based Lending Programme of the Asian Development Bank.
The aforementioned Plan provides a comprehensive strategic framework to guide and monitor Sri Lanka’s export development process, with the target of earning US$ 36 billion in foreign exchange through the export of goods and services by the year 2030
The Cabinet of Ministers has approved the resolution furnished by the Minister of Women and Child Affairs to accept the Global Charter for Children’s Care Reform for Sri Lanka.
Approval has been granted by the Cabinet of Ministers on several earlier occasions to amend the Consumer Affairs Authority Act No. 9 of 2003.
In accordance with the approval granted at the Cabinet
meeting held on 2023-05-02, the Legal Draftsman is currently in the process of preparing the relevant amended Bill, and the Legal Draftsman has informed that it would be appropriate to obtain policy approval from the present Cabinet of Ministers for that purpose.
Accordingly, taking into consideration the necessity of restructuring the Consumer Affairs Authority too, the Cabinet of Ministers has approved the resolution furnished by the Minister of Trade, Commerce, Food Security and Cooperative
Development to instruct the Legal Draftsman to expeditiously complete the preparation of the relevant Bill to enable the amendment of the Consumer Affairs Authority Act, No. 9 of 2003.
Cabinet approves recognition of ‘Sri Lanka National Export Development Plan – 2026–2030’
Cabinet nod to accept the Global Charter for Children’s Care Reform for Sri Lanka
Cabinet grants policy approval to amend the Consumer Affairs Authority Act, No. 9 of 2003
Cabinet approal for Legal Draftsman to prepare a Bill to enable the amendment of Finance Business Act, No. 42 of 2011
M.S. Mahadiulwewa appointed act in the post of Director General of Commerce
Wimal S.K. Liyanagama appointed Director General of Customs
‘Dates have the highest sugar content to fight Coronavirus’
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