News
Basil to visit New Delhi to finalise financial package
Foreign Minister Prof. G. L. Peiris yesterday (14) said that Finance Minister Basil Rajapaksa would be visiting New Delhi end of this month to finalise the financial package meant to help Sri Lanka.
Prof. Peiris revealed the impending visit at the regular SLPP briefing at Battaramulla. Meanwhile, the Sri Lankan High Commission in New Delhi issued the following statement as regards the HC Moragoda’s meeting on Feb 11 with Finance and Corporate Affairs Minister of India Nirmala Sitharaman in New Delhi: ” High Commissioner Moragoda thanked the Indian Finance Minister for the personal interest that she has taken in supporting Sri Lanka at this critical time. He also thanked her for the assistance that India has provided to Sri Lanka as envisaged under the four-pillars of cooperation that was agreed during the visit of Sri Lankan Finance Minister Basil Rajapaksa to India in December last year.
The High Commissioner also followed-up with Minister Sitharaman on the early finalisation of the 1 billion USD Line of Credit to purchase essential items, which is part of the four-pillar bilateral economic cooperation concept. Progress in this regard was last reviewed at a virtual meeting between Finance Minister Basil Rajapaksa and External Affairs Minister of India Dr. S. Jaishankar on 18 January 2022.
During the meeting, High Commissioner Moragoda also discussed with Minister Sitharaman the arrangements for the forthcoming visit of the Sri Lankan Finance Minister Basil Rajapaksa to New Delhi.
Nirmala Sitharaman has been the Finance and Corporate Affairs Minister of India since May 2019. Prior to that she was the Minister of Defence from 2017 to 2019. Smt. Sitharaman has also served as the State Minister of Finance and the State Minister (Independent Charge) of the Ministry of Commerce and Industry.”
Latest News
Festival advance for government officers to be increased
In terms of the provisions of the Establishments Code on payment of festival advance to government officers, there’s a possibility of obtaining rupees 10,000/- as an advance for celebrating festivals of Theipongal, Ramazan, Sinhala and Hindu New Year, Wesak, Deepavali, and Christmas as well as for pilgrimages (Sri Paada pilgrimage and Hajj pilgrimage).
Provisions have been given to recover the said advance in 08 installments or if required earlier without interest. It has been proposed by the Budget 2026 to increase the said festival advance up to rupees 15,000/-.
Accordingly, the Cabinet of Ministers granted approval to the proposal submitted by the Minister of Public Administration, Provincial Councils and Local governments to revise the relevant provisions so that the festival advance can be increased up to rupees 15,000/- .
News
Providing underutilized lands/properties to suitable investors for optimal utilization.
As per the approval given by the cabinet meeting held on 02-06-2025, action is being taken at present to offer the underutilized lands/properties of the Sri Lanka State Plantation Corporation, the Janatha Etate Development Board, and the Elkaduwa Plantation Company which are under the Ministry of Plantation and Community Infrastructure which have been identified under stage one to suitable investors.
Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Plantations and Community Infrastructure to provide following lands/properties on a lease basis to the suitable investors for optimal utilization following the prescribed procurement procedure.
• underutilized lands/properties identified under stage two owned by the Sri Lanka State Plantation Corporation, the Janatha Estate Development Board, and the Elkaduwa Plantation
Company,
• The Mawarala watte land and the Tea factory 40.48 hectares in extent, located in Matara District belonging to the Tea Shakthi Fund.
• The underutilized land of 1,541 hectares in extent of Kondachchi Estate is enjoyed by the Sri Lanka Cashew Corporation.
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Implementation of the National Fisheries and Aquaculture Policy
The drafting of the National Fisheries and Aquaculture Policy has commenced with the objective of equitable distribution of the benefits of the fisheries industry and the sustainable management of fisheries and aquaculture. This policy has been updated from time to time according to current requirements. However, steps have not been taken to obtain the approval of the Cabinet of Ministers for that purpose.
According to the policy declaration of the present government, ‘Vistas of Prosperity and Splendor’ the National Fisheries and Aquaculture Policy has been redrafted, updating the aforementioned policy in line with the economic and development objectives of the government.
The recommendations of the Department of National Planning have been received for the drafted policy.
Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Fisheries, Aquaculture, and Marine
Resources to implement the National Fisheries and Aquaculture Policy, integrating it with other relevant policies.
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