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Development Lotteries Board contributes Rs 3.6 billion to President’s Fund in 2023

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The Development Lotteries Board (DLB) contributed Rs. 3.6 billion from it’s profits to the President’s fund in 2023.

The DLB recorded a profit margin of 32% for the fiscal year 2022-2023, double the previous year’s figure.

 



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Cabinet approves recognition of ‘Sri Lanka National Export Development Plan – 2026–2030’

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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

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Cabinet nod to accept the Global Charter for Children’s Care Reform for Sri Lanka

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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.

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Cabinet grants policy approval to amend the Consumer Affairs Authority Act, No. 9 of 2003

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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.

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