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Govt. freezes recruitment in fresh austerity drive
AFP:Sri Lanka began a fresh austerity drive Monday, freezing Government recruitment as new taxes and higher electricity prices kicked in with authorities trying to secure an IMF bailout.
The Indian Ocean island nation needs to achieve debt sustainability as a precondition to a $ 2.9 billion bailout from the Washington-based lender after it defaulted in April as its economy went into crisis.The IMF has also asked Colombo to trim its 1.5 million strong public service, sharply raise taxes and sell off loss-making State enterprises.
A record 20,000 civil servants retired at the end of December – eight times as many as usual according to the Public Administration Ministry – after President Ranil Wickremesinghe reduced their retirement age from 65 to 60. They will not be replaced, the Ministry said.Doubled personal income and corporate taxes kicked in on New Year’s Day to shore up State revenue, while electricity prices went up 65% after a 75% tariff increase in August.
Wickremesinghe, who came to power after Gotabaya Rajapaksa fled the country and resigned in July following months of protests, said the crisis was not yet over despite the restoration of fuel, food and fertiliser supplies.
“Our problems have not been resolved yet,” he told his staff on the first working day of the year. “We need to reduce our debt burden if we are to move forward.”
Key creditors such as China and India are yet to announce agreement to a “haircut” on their loans to the South Asian nation.
As part of the new measures, the Finance Ministry has also banned non-essential capital expenditure. Any officials who authorise investments over 500 million rupees ($ 1.38 million) without clearing them with the Treasury first will be held personally accountable, a Ministry official said. At the height of the economic crisis six months ago, motorists spent days in long queues to top up fuel tanks while the country endured 13-hour electricity blackouts and food inflation hit nearly 100%.
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Bangladesh bank on bowlers in bid to bring India down
If Bangladesh take the route of seeking inspiration from the past to bring down heavyweights India on Thursday, they will have to squint their eyes and go back to pre-Covid times for their last victory against them in the Women’s Asia Cup. India have had the better of their neighbours over their last eight meetings, and last lost to Bangladesh in a T20I three years ago, when a very similar-looking Indian batting line-up was kept to 102 for 9.
Before that, Bangladesh had shocked India with back-to-back wins that culminated in their maiden Asia Cup title, by again stifling India to an underwhelming 112 for 9.
The Bangladesh team of today – as their recent fights have shown over the last two World Cups – is a version far improved from the ones of 2018 and 2023. They have scared teams like Australia and England (ODI World Cup) and India (T20 World Cup) in the last 12 months and they recently beat the higher ranked Pakistan in the UK by keeping them to 100 for 8.
It is this bowling strength that Bangladesh must bank on to try and bring down India, whose batting has stuttered every now and then, including a collapse of 8 for 46 against Thailand earlier in the tournament. India have had middle-order issues for a while now – it’s one of the things that kept them from a knockout berth in the last T20 World Cup – and Bangladesh will be itching to strike while the iron is hot.
They have laid the foundations in the last 10 days by routing Indonesia for 58, making Sri Lanka sweat in a chase of 115, and suffocating UAE’s batters to 69 for 9 with semi-finals qualification on the line.
Pratika Rawal, India’s No. 3 for this tournament in place of the injured Jemimah Rodrigues, hasn’t quite shown the promise in this format that she has in ODIs. Her 36 runs in three innings have come at a strike rate of just 109.09, against some of the lower-ranked teams in the world. Now into the knockouts, the time is ripe for Rawal to step up against one of the stronger bowling attacks of the tournament, especially if one of the openers doesn’t get going.
Swing bowler Marufa Akter is doing Marufa Akter things at this Asia Cup. She has struck in her opening spell in each of her three games so far – including the big scalp of Chamari Athapathuthu for 1. She has made the ball talk with her prodigious swing, and is the top wicket-taker in this Asia Cup among pace bowlers, with an economy rate of 3.27. She will hold the key for Bangladesh as they come up against a top order comprising Smriti Mandhana, Shafali Verma and Rawal.
Team news
After constant chopping and changing during the T20 World Cup in the UK, India have gone unchanged in the three games of this tournament. They will be expected to field the same XI again.
India (probable): Smriti Mandhana, Shafali Verma, Pratika Rawal, Harmanpreet Kaur (capt), Richa Ghosh (wk), Bharti Fulmali, Deepti Sharma, Prema Rawat, Kranti Gaud, N Shree Charani, Nandani Sharma.
Bangladesh have used 14 players, in comparison, including a debut for 17-year-old allrounder Farjana Easmin. They may not make too many changes this time as the two players who came into the XI on Tuesday – Rabeya Khan and Sharmin Akter – played starring roles in beating UAE.
Bangladesh (probable): Juairiya Ferdous, Nigar Sultana (capt & wk), Sobhana Mostary, Dilara Akter, Shorna Akter, Rabeya Khan, Sharmin Akter, Nahida Akter, Sultana Khatun, Marufa Akter, Fahima Khatun.
[Cricinfo]
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Establishment of National Trade Negotiation Committee (NTFC) and Trade Policy Consultation Committee.
Approval has been granted at the cabinet meeting held on 24-08-2026 to implement the recommendations submitted by the committee appointed to review Sri Lanka’s current Free Trade Agreements and future course of Free Trade Agreements in Sri Lanka.
Taking into account these recommendations, it has been
recognized the necessity of establishing a National Trade Negotiation Committee and Trade Policy Consultation Committee enabling Sri Lanka to follow a more targeted, sequential, and evidence-based approach in conducting negotiations for Sri Lanka’s future Free Trade Agreements and to ensure a sustainable and meaningful stakeholder consultation process.
The Cabinet of Ministers has approved the resolution furnished by the Minister of Trade, Commercial, Food Security, and Cooperative Development to act as follows.
• Establishment of a National Trade Negotiation Committee to guide trade discussions conducted with potential bilateral or regional trade partners
• Appointment of the Secretary to the Ministry of Trade, Commerce, Food Security, and Cooperative Development as the Chairman of the National Trade Negotiation Committee and
the Chief National Trade Negotiator.
• Establishment of 12 subject specific sub- committees with the required technical working groups under the National Trade Negotiation Committee
• Appointment of Trade Policy Consultative Committee comprising of trade experts, researchers engaged in research relevant to trade field, business community, unions, civil societies and relevant public officers to instruct the National Trade Negotiation Committee on active and technical sectors, to submit the policy recommendations to the Cabinet of Ministers regarding the matters relevant to the trade agreements, to inquire sustainable ideas regarding the Free Trade Agreements, and to ensure the communication mechanism.
• The Minister in charge of the Subject international trade and the Minister in charge of the subject of Industry to serve as Co-Chairpersons of the Trade Policy Advisory Committee.
News
Justice Minister hits back at CLA
By Saman Indrajith
Justice Minister Harshana Nanayakkara yesterday told Parliament that the Commonwealth Lawyers’ Association (CLA) was not an organisation officially recognised or registered under the Commonwealth Secretariat, but a fee-levying private association.
Responding to a question by Opposition and SJB Leader Sajith Premadasa on why he had failed to meet CLA representatives, who recently visited Sri Lanka, Nanayakkara said he had offered them a date and time for a meeting, but they had been unable to attend.
The Commonwealth Lawyers Association (CLA) has questioned procedural fairness and other matters of concern in a report that deals with the Supreme Court hearing petitions against the 22nd Amendment to the Constitution. Among the issues raised by CLA President Steven Thiru, is the composition of the five-member bench.
The Minister said the CLA representatives subsequently requested another date, but he had already scheduled official engagements for the proposed day.
Nanayakkara said it was, therefore, incorrect to claim that he had refused to meet the CLA delegation.
“The CLA is not an official body accepted or admitted into the Commonwealth of countries. It is a private club whose members pay fees for membership,” he said.
However, the Minister said he was not suggesting that the organisation was “a bad organisation”, adding that the accuracy of several statements made by CLA members during their visit to Sri Lanka had yet to be established.
Nanayakkara identified lawyer Upul Jayasuriya as the CLA’s local representative and said Jayasuriya had sought a meeting with him.
“I gave him the opportunity, but he came up with the excuse that he could not make it as he was not in Colombo. Therefore, it is wrong to state that I did not give them time,” the Minister said.
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