Latest News
Cabinet approves cancellation of the Sri Lanka Accounting and Auditing Standards Act No. 15 of 1995 and completion of activities pertaining to preparation of Financial Reporting Regulation Draft Bill

Approval of the Cabinet of Ministers has been granted at their meeting held on 24.05.2021 to introduce a new act repealing the existing Sri Lanka Accounting and Auditing Standards Act No. 15 of 1995.
Accordingly, the fundamental draft bill of Financial Reporting Regulation Draft Bill has been prepared by the Legal Draftsman, subsequent to obtaining views of Sri Lanka Accounting and Auditing Standards Survey Board and other relevant parties.
The Legal Draftsman points out that the policy approval of the new Cabinet of Ministers has to be obtained to complete the preparation of the said draft bill.
Accordingly, the Cabinet of Ministers granted their consent to the resolution furnished by the President in his capacity as the Minister of Finance Plan Implementation and Economic Development to obtain the concurrence of the Cabinet of Ministers to prepare the said draft
bill.
Latest News
President holds discussions with Western Province Police chiefs

President Anura Kumara Disanayake stated that steps will be taken to provide the necessary facilities to eliminate organized crime and drug abuse, as well as to introduce new legislation.
The President made these remarks during a discussion held today (18) at the Presidential Secretariat with the police chiefs of the Western Province.
He emphasized that maintaining the rule of law is a key responsibility of the Police Department.
President Anura Kumara Disanayake further stated that a just society cannot be established in Sri Lanka without ensuring the supremacy of the rule of law.
Minister of Public Security and Parliamentary Affairs, Ananda Wijepala; Deputy Minister of Public Security and Parliamentary Affairs, Attorney-at-Law Sunil Watagala; Secretary to the Ministry of Public Security, Ravi Seneviratne; Acting Inspector General of Police, Priyantha Weerasooriya; and several Western Province police chiefs were also present at the event.
Latest News
Cabinet approves amendments to Aswasuma Welfare Benefit payment Scheme

The Aswasuma Welfare Benefit payment Scheme has been implementing from 01-07-2023 and this scheme has been finally amended by the Extra Ordinary Gazette No 2415/66 dated 21-12-2024.
Accordingly, the Cabinet of Ministers has approved the proposal presented by the President, in his capacity as the Minister of Finance, Planning and Economic Development, to publish the following through a Gazette Notification, amending the benefits provided under the presently empowered Aswasuma Welfare Benefit payment Scheme within the provisions allocated by the budget estimate for the year 2025.
• To extend the period of entitlement of benefits for the transitional social category included in schedule 1 of the Aswasuma Welfare Benefit payment Scheme up to 30-04-2025.
• To increase the monthly assistance payment from Rs. 7,500 to Rs. 10,000 and Rs. 3,000 to Rs. 5,000 provided to persons with disabilities and receiving treatment for kidney diseases and elderly persons, respectively, that are included in Schedule II of the said scheme and to
implement the said decision from April 2025.
• To extend the period of payment provided for the disable persons, kidney patients, and elderly persons given in the Schedule II, up to 31-12-2025 subject to the above proposals.
• Even though the payment of allowances under the transitional social category will be stopped after April 2025, the period of payment for disabled persons, kidney patients, and elderly persons, of these families will be extended up to 31-12-2025.
• Payment of relevant eligible persons by inclusion of newly forwarded applications of disabled and kidney patients subject to the maximum limit up to 31-12-2025.
Latest News
Fertilizer, financial subsidy to farmers who are cultivating the paddy in the Yala season 2025

The Cabinet of Ministers has decided to grant the approval to provide a financial subsidy for the farmers who are cultivating paddy in the yala season 2025 and for the farmers who are cultivating other crops in the paddy land, taking into consideration the proposal presented by the Minister of Agriculture, Livestock, Lands, and Irrigation.
-
Foreign News3 days ago
Search continues in Dominican Republic for missing student Sudiksha Konanki
-
Features6 days ago
Richard de Zoysa at 67
-
News7 days ago
Alfred Duraiappa’s relative killed in Canada shooting
-
Features3 days ago
The Royal-Thomian and its Timeless Charm
-
Midweek Review7 days ago
Ranil in Head-to-Head controversy
-
Features6 days ago
SL Navy helping save kidneys
-
News4 days ago
DPMC unveils brand-new Bajaj three-wheeler
-
Features3 days ago
‘Thomia’: Richard Simon’s Masterpiece