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SJB will support Govt to restructure the loss-making State institutions – Eran
Main opposition SJB parliamentarian Eran Wickramaratne says that restructuring of government institutions which are running at losses is an imperative task for the development of the country.Addressing a media conference held at the Opposition Leader’s office in Colombo, the MP said that the country has been economically ruined as a result of the government following wrong policies one after the other claiming to follow socialism, liberalism and neoliberal policies.
“Not only has the country not received international support due to its failure to maintain the macroeconomic fundamentals, but the opportunities available to the people of this country to have the people to people relations internationally are also shrinking,” Wickramaratne said.
He said it has been reported that in the first four months of 2022, the losses from 52 government institutions (SoEs) are Rs 560 billion, and the Lotus Tower is full of Chinese debt without any return.
“The question that arises from these published reports is whether the government institutions of this country are run for the people, or for the maintenance of a small group of employees,” he said.
“Governments have had to raise taxes to sustain loss-making institutions and cover their losses. Such loss-making institutions should not be maintained like this. It is time to restructure many government institutions in the country without false pretenses. A situation has arisen where even an airline which has internationally competitive market cannot be maintained in our country today, so they should be quickly restructured and burdening the people with taxes to maintain these SoEs should be stopped.”
Based on the importance of practicality rather than theory in governing a country, the good governance government introduced a price formula to maintain the oil price locally compared to its international price. This government ridiculed it then as the opposition, but now it talks about a price formula and sets the price accordingly, Wickramaratne pointed out.
Analyzing the sufferings of the people due to the government’s policy of controlling commodity prices, the MP said this government threw away the fuel price formula introduced by the good governance government. In order to be popular, by giving petrol worth Rs 400 per liter for Rs. 200, the poor man got an advantage of Rs 2000 when he bought eight liters of petrol for his three-wheeler. But when a rich man bought 40 liters of fuel for his vehicle, he got an advantage of Rs. 16,000. He accused that the country has been plunged in to the bottom of the economy due to such deceptive work.
“The Pohottu government, which followed such a short-sighted and wrong governance, is accompanied by academics and those academics have not managed even a shop, have not made a product, have no experience of being engaged in a service. The economic theories of some of those scholars, who were not engaged in any activity that generates a single rupee of income, have not helped the country.”
News
Courtesy call by the Heads of Mission- Designate on Prime Minister
The heads of mission designate to Sri Lanka paid a courtesy call on Prime Minister Dr. Harini Amarasuriya on 26th of March at the Prime Minister’s office.
The delegation comprised Dharshana M. Perera, High Commissioner – designate of Sri Lanka to Malaysia, Ms. Dayani Mendis, Ambassador and PRUN – designate of Sri Lanka to Austria, Ms. N.I.D. Paranavitana, Ambassador – designate of Sri Lanka to Ethiopia & African Union, Prof. (Ms.) M.I. Fazeeha Azmi,Ambassador – designate of Sri Lanka to Iran, Saman Kumara Chandrasiri, Ambassador – designate of Sri Lanka to Israel, and M. Farook M. Fawzer, Representative – designate of Sri Lanka to Palestine.
The Prime Minister, Dr. Harini Amarasuriya, extended her best wishes to the Heads of Mission–designate and underscored the importance of their forthcoming assignments in advancing Sri Lanka’s national interests emphasizing their collective role in contributing towards the socio-economic upliftment of Sri Lanka.
The Prime Minister further highlighted the importance of projecting a positive and credible image of Sri Lanka internationally, through consistent, professional, and strategic engagement in their respective host countries and multilateral platforms.
She encouraged the Heads of Mission to actively identify and facilitate high-quality investment opportunities, particularly in sectors aligned with Sri Lanka’s development priorities, with a focus on sustainability, innovation, and long-term value addition.
Particular emphasis was placed on the promotion and diversification of Sri Lanka’s exports, including the exploration of new markets and strengthening trade linkages.
The meeting was attended by the Secretary to the Prime Minister, Additional Secretary to the Prime Minister Ms. Sagarika Bogahawatta and heads of mission-designate.
[Prime Minister’s Media Division]
News
SC finds Keheliya, others, guilty of violating FRs of public through corrupt drug procurement deal
The Supreme Court yesterday held former Health Minister Keheliya Rambukwella and several senior health officials liable for violating the fundamental rights of the public over a controversial drug procurement carried out under the 2022 Indian Credit Line.
Delivering the judgment, a three-judge bench, headed by Chief Justice Preethi Padman Surasena, and comprising Justice Kumudini Wickremasinghe and Justice Janak de Silva, found that the procurement of medical supplies from an unregistered company, in breach of established procedures, had resulted in a serious infringement of public rights.
The Court ruled that the granting of a Waiver of Registration by the authorities was “wrongful, arbitrary and capricious,” and held that the direct procurement carried out on an unsolicited basis was unlawful. The transaction was accordingly declared null and void.
In a significant order, the Court directed Rambukwella to pay Rs. 75 million in compensation to the State from his personal funds.
The then Health Ministry Secretary Janaka Chandragupta and former Chairman of the National Medicines Regulatory Authority (NMRA), Prof. S. D. Jayaratne, were each ordered to pay Rs. 50 million.
The Court further directed NMRA Chief Executive Officer Dr. Wijith Gunasekara and former Director of the Medical Supplies Division Dr. Thusitha Sudarshana to pay Rs. 50 million each as compensation.
The ruling followed the hearing of a fundamental rights petition filed by Transparency International Sri Lanka and two other parties.
The Court also instructed the Commission to Investigate Allegations of Bribery or Corruption to initiate appropriate action under the Anti-Corruption Act against those found responsible.
Senior Counsel Senany Dayaratne, with Nishadi Wickramasinghe, Lasanthika Hettiarachchi, Janani Abeywickrema and Maheshika Bandara, appeared for the petitioners.
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Sajith nudges govt. to follow India’s example in giving relief to consumers by slashing taxes on fuel
Opposition and SJB Leader Sajith Premadasa yesterday urged President Anura Kumara Dissanayake to reduce taxes on fuel, just as the Indian government has done.
He said in a post on X that “Modi government has decided to reduce the Special Additional Excise Duty on petrol and completely remove it for diesel in order to cushion the hardship on the Indian consumer. High time for Anura Kumara Dissanayake to keep up to his election promise and follow suit.”
Meanwhile foreign media reported that India has slashed excise duties on petrol and diesel to protect consumers and rein in a potential spike in inflation, while imposing windfall taxes on aviation fuel and diesel exports, amid volatile global oil markets, as a result of the Iran war.
Global oil prices have surged past $100 per barrel after the near closure of the Strait of Hormuz, which serves as a conduit for 40% of India’s crude oil imports, since the US and Israel first struck Iran on February 28.
In a government order, released late on Thursday, India’s Finance Ministry reduced the special excise duty on petrol to three Indian rupees ($0.0318) per litre from 13 Indian rupees earlier. It also cut the duty on diesel to zero from INR 10 rupees per litre.
The government did not say how much the duty cuts would cost. The move comes ahead of elections next month in four Indian states and one federal territory, with Indian voters known to be extremely sensitive to higher prices.
“Government has taken a huge hit on its taxation revenues to ensure very high losses of oil companies, approximately 24 rupees a litre for petrol and 30 rupees a litre for diesel, at this time of sky high international prices, are reduced,” Indian Oil Minister Hardeep Singh Puri said in a post on X.
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