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CoPF approves, subject to conditions, the bill to suspend the “parate law” until December 15
The Committee on Public Finance (CoPF) has approved, subject to conditions, the Recovery of Loans by Banks (Special Provisions) (Amendment) Bill which was amended to facilitate legal provisions for the suspension of Parate Law until December 15 2024. Accordingly, the banks’ practice of acquiring properties of whose loans are yet to be paid off will be suspended until December 15 and the Recovery of Loans by Banks (Special Provisions) Act No. 4 of 1990 will be amended to facilitate the necessary legal provisions.
The approval was given when the Committee on Public Finance met in Parliament recently (Apr. 30) under the chairmanship of Member of Parliament Dr. Harsha De Silva.
Officials representing the Ministry of Finance said that they hope to provide temporary relief to the creditors. Accordingly, the committee questioned the officials what action will be taken in this regard after December 15. Thus, the officials present failed to give a clear answer in this regard and the committee recommended to provide a road map for the actions to be taken after December 15 to those subject to Parate Law.
Also, the committee recommended that all the parties who have done business with the banks subject to Parate Law should be given a fair opportunity to negotiate with the banks.
The committee also questioned the officials about the distribution of loans under the Parate Law. The chair of the committee inquired about the manner in which the micro, small scale and medium scale enterprises in particular have received loans under this law and the criteria under which they are classified. The officials did not have the correct data about this and the chair of the committee instructed the officials to provide that data to the committee.
The committee also inquired the percentage of the sectors that were most affected. Furthermore, the committee asked the officials to provide data on the implementation of the Parate Law in other periods compared to the specific period in which there was an economic recession due to the impact of the corona virus in 2020, 2021 and 2022. The officials present mentioned that the data on this matter this will be presented to the committee in the future.
Meanwhile, the committee has also given its approval for the orders under the Foreign Exchange Act No. 12 of 2017 and the regulations under the Sri Lanka Securities and Exchange Commission Act No. 19 of 2021. Also, the committee approved the regulations under the Import and Export (Control) Act No. 1 of 1969.
State Minister. (Dr.) Suren Raghavan, Members of Parliament Hon. Premnath C. Dolawatta and Hon. Madhura Withanage participated in this committee.
Officials representing several government institutions including the Ministry of Finance, Economic Stabilization and National Policy, the Auditor General’s Department, the Central Bank of Sri Lanka, and Sri Lanka Customs were present.
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Sun directly overhead Madampe, Thorayaya, Thotagamuwa, Rattota and Kalavanchikudy about 12.09 noon today (03)
The sun is going to be directly over the latitudes of Sri Lanka from 28th of August to 07th of September due to its apparent southward relative motion.
The nearest places of Sri Lanka over which the sun is overhead today (03) are Madampe, Thorayaya, Thotagamuwa, Rattota and
Kalavanchikudy about 12.09 noon.
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Nilakshika fifty, Athapaththu seven-for rescue Sri Lanka against Indonesia
A Chamari Athapaththu seven-wicket haul and Nilakshika Silva’s 50 off 35 saw defending champions Sri Lanka withstand a valiant Indonesian side to register a resounding 75-run victory in their Asia Cup match in Dubai.
Athapaththu was undoubtedly the pick of the bowlers, as she started and finished Indonesia’s slide with career best figures of 7 for 05, inclusive of a hat-trick – nearly two in fact. Chasing a target of 125, the opening pair of Maria Corazon and Rahmawati Pangestuti struck 16 runs in the first two overs, but once spin came into play scoring slowed down to a trickle and Indonesia were eventually bowled out for 49 in the 19th over.
Sri Lanka, too, had found it tough to combat Indonesia’s mix of spin and slow-medium seamers as they stumbled to 62 for 6 in the 13th over, but their innings received a timely boost as Nilakshika countered with a trademark back-against-the-wall effort to drag her side to a total that seemed about par on a pretty sluggish surface. In the end it proved to be plenty.
Sri Lanka struggle early on
Having been put in to bat on a fresh surface, Sri Lanka were perhaps guilty of a little complacency against their less-fancied opponents. Time and again the top order sought to find the boundary, and time and again they failed to find their timing.
On a wicket where the ball was hardly coming on, the Sri Lankan batters’ tunnel vision focused squarely on boundary hitting and eschewed strike rotation; there were 19 dot balls in a powerplay that had fetched 31 runs for the loss of two wickets.
By the halfway point of the innings, the dot count had risen to 28. The scorecard, meanwhile, read 47 for 5. Indonesia, to their credit, did well to bowl to their fields and frustrate the Lankan batters.
Sanjana Kavindi got to double-digits with a pair of nicely struck boundaries, but she was the only one of Sri Lanka’s top five to do so – and she was eventually done in on 15 missing an attempted cut on a straight one.
Nilakshika brings the Silva-lining
With recognised batting fast running out, Sri Lanka needed someone to take control of the innings, and as she has done so often over recent years it was Nilakshika that stood up to be counted.
She first strung together 17 off 18 with Kaushini Nuthyangana, but when Nuthyangana fell Nilakshika produced a masterclass in batting with the tail. She cajoled Kawya Kavindi to keep rotating the strike, and when the opportunity arose she was unerring in finding the boundaries – including Sri Lanka’s first and only six of the innings in the penultimate over.
Their seventh-wicket partnership eventually ended on 50 off 36, reached simultaneously alongside side Nilakshika’s fifty – her third in T20Is – but by then she had already ushered her side to safety.
Athapaththu steals the show
In Chethana Vimukthi, Sri Lanka might have their first ever genuine fast bowler but on a wicket where the ball was not quite coming on, pace never seemed like the answer. For the first two overs of the chase, Indonesia’s openers did well to find boundaries against Vimukthi and and fellow seamer Kawya, but then Sri Lanka introduced their spinners.
Athapaththu promptly castled Pangestuti before removing Corazon and Rada Rani off consecutive deliveries in her next over. Here she missed her hat-trick by a whisker, a yorker narrowly missing Desi Wulandari’s off stump.
She brought herself back into the attack in the 14th and removed Nanda Sakarini, and she capped things off by achieving her hat-trick at the second time of asking, taking three wickets off what proved to be the final three deliveries of the innings.
Scores:
Sri Lanka Women 124 for 7 in 20 overs (Sanjana Kavindi 15, Nilakshika Silva 50, Kawya Kavindi 15*; Ni Ariani 1-23, Sang Maypriani 2-15, Ni Luh Dewi 3-32, Sofia Velic 1-21) beat Indonesia Women 49 all out in 18.3 overs (Rahmawati Pangestudi 10, Ni Made Putri Suwandevi 12; Kavya Kavindi 1-14, Sugandika Kumari 1-03, Chamari Athapaththu 7-05, Kavisha Dilhari 1-02) by 75 runs
[Cricinfo]
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MoU signed for technology to prevent wild elephant-train collisions
The Memorandum of Understanding (MoU) relating to the project to provide technological solutions to prevent wild elephants from being hit by trains was signed yesterday (01) afternoon at the President’s Media Centre, under the patronage of Secretary to the President Dr Nandika Sanath Kumanayake.
Coordinated through the “Clean Sri Lanka” programme, the project is being implemented as a public-private partnership, with the Railway Department, the Department of Wildlife Conservation and the Forest Conservation Department working together, with full financial support from People’s Bank.
The system consists of three-beam detection, passive infrared (PIR) sensors, automatic temperature sensors and a tamper alarm system to detect animals weighing more than 20 kilogrammes and unauthorised interference. Signal lights (red/yellow/green) installed on either side of the railway tracks, together with a special screen installed inside the locomotive cab, will alert the driver in advance to the exact location of an elephant.
A demonstration test of the system was successfully conducted at the Pinnawala Elephant Orphanage premises in the presence of the relevant officials, following which a report on the system was prepared.
The system will be implemented as a pilot project from next month at 13 locations where wild elephant accidents are frequent. A newly developed website is also scheduled to be launched to enable the progress of the project to be viewed live.
Additional General Manager of Railways P.D.S.B. Chandrasena, Director General of Wildlife Conservation M.S.L.R.P. Marasinghe, Conservator General of Forests S.C. Palamakuumbura and Chairman of People’s Bank Chandana Guniyangoda signed the relevant MoU. Officials from the Clean Sri Lanka Secretariat, including Presidential Additional Secretary (Clean Sri Lanka) Engineer S.P.C. Sugeeshwara, as well as senior officials from the Railway Department, Department of Wildlife Conservation, Forest Conservation Department and People’s Bank, were also present.
[President’s Media Division]
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