News
Gazzete issued giving Basil more responsibilities
BY SANATH NANAYAKKARE
The priorities related to the institutional and legal framework of the Ministry of Finance have been amended via a government gazette issued on October 6, 2021, with the objective of achieving a faster economic growth post-pandemic.
As per the above gazette, twenty more special priorities and responsibilities have been added to the Finance Ministry.
Accordingly, the Finance Ministry, among other things will now implement reforms to strengthen banks, financial institutions in such a manner that would encourage savings and investments as well as institutional reforms to revive failed financial institutions and businesses.
It will also broaden and coordinate national development, financial and capital market programmes for development of agriculture, construction, information technology, small and medium enterprises, tourism and exports sectors.
The Finance Ministry is also tasked with strengthening the regulatory and reform activities of treasury bills, bonds and the primary markets.
Providing facilities required for international business giants to set up their head offices in Colombo and the Port City is another onus on the Finance Ministry.
Among other key priorities are: Reducing unemployment giving priority to low-income earners and increasing per capita income, ensuring price stability by maintaining annual average inflation rate at a low level, making the government bonds and stock market attractive to investors while stabilising the interest rates.
The Finance Ministry is also tasked with improving the Balance of Payment position in order to ensure that the exchange value of the rupee is maintained at a stable level.
The High Court has convicted 14 of the 24 men accused of being directly involved in the 2019 Easter Sunday bombings, which killed 279 people.
The three-judge bench read out its decision on Tuesday after a five-year trial and said sentencing would take place later, the AFP news agency reported.
The charges included murder and conspiracy to commit terrorism.
Nine others were acquitted, while another defendant was found guilty of only some of the charges, the court said.
[Aljazeera]
By Shamindra Ferdinando
The ruling NPP yesterday (21) dismissed claims of a widening rift, within the government, over the proposed 22nd Amendment. Asked whether the NPP was concerned over a section of the Opposition alleging Prime Minister Dr. Harini Amarasuriya and two dozen MPs taking a view contrary to that of the party in this regard, authoritative party sources said some persons were propagating speculation for their own interest.
Declaring that there was absolutely no issue regarding the controversial Amendment, sources emphasised once it was tabled in Parliament, it would be passed with 2/3 majority.
Sources dismissed claims that out of its 159-member parliamentary group a section of NPPers was opposed to the government move. According to an influential Opposition activist, there are 57 JVPers and 66 NPPers in the government group and the rest contested the last parliamentary polls, having aligned with the JVP.
Ministerial sources told The Island that the government was confident of going ahead with the 22nd Amendment and Judicature (Amendment) Bills. Sources said that the NPP was not bothered about the Opposition protests in and outside Parliament.
Speaker Dr. Jagath Wickremaratne is expected to disclose the confidential ruling that he received from the Supreme Court in respect of more than 65 petitions for and against the 22nd Amendment and Judicial Amendment Bills. The enactment of the 22nd Amendment would pave the way for extending the retirement age of Supreme Court judges, from 65 to 67 years, and Court of Appeal judges, from 63 to 65 years.
President Anura Kumara Dissanayake has appointed Court of Appeal Judge Mayadunna Sri Mevan Anthony Edirimannasuriya Corea as the Acting President of the Court of Appeal.
The appointment has been made as President’s Counsel Nalin Rohantha Abeysuriya, who currently serves as President of the Court of Appeal, will be overseas until the 24th.
Accordingly Justice Mayadunna Corea was sworn in as Acting President of the Court of Appeal before President Anura Kumara Dissanayake at the Presidential secretariat last morning (21).
Secretary to the President Dr Nandika Sanath Kumanayake was also present at the occasion.
High Court convicts 14 over deadly Easter bombings
Mandhana, Shafali and Ghosh lead dominant India to Asian Games gold
Fatima Sana and Umm-e-Hani secure bronze for Pakistan in Asian Games
India bat first in Asian games womens cricket final
Showers about 100mm will occur in the Western, Sabaragamuwa, Central and North-western provinces and in Galle and Matara Districts
Govt. confident of 2/3 majority despite NPP split speculation
‘Dates have the highest sugar content to fight Coronavirus’
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