Latest News
Cabinet green light for exploration and production of petroleum and natural gas in the Mannar Basin
The Cabinet of Ministers has approved the exploration and production of petroleum and natural gas in 04 exploration plots in the Mannar Basin, and to obtain the services of a suitable marketing consultant to implement an effective marketing program for that purpose.
[According to the exploration and mining conducted by Cairn Lanka (Private) Limited in 2011, two [02] natural gas deposits were discovered in the M2 exploration block of the Mannar Basin that confirmed the existence of a viable hydrocarbon system
In accordance with the provisions of the Petroleum Resource Act No 21 of 2021, Sri Lanka Petroleum Development Authority has been vested the powers to call for investment proposals for the offshore petroleum and natural gas exploration plots in terms of the prescribed procedures of the regulations approved by the Cabinet of Ministers]
The Cabinet of Ministers granted their concurrence to the resolution furnished by the Minister of Youth Affairs to appoint S. Achchudan of Special Grade of Sri Lanka Administrative Service, who is currently serving as an Additional Commissioner of Elections at the Elections Commission who is
recommended by the panel of interviewers to the post of Director General of the Sports Development Department with effect form 01.01.2026.
The Cabinet of Ministers granted approval to the proposal furnished by the Minister of Environment to publish the draft bill of the National Environment (Amended) Act in the government gazette notification and subsequently to submit the same to the Parliament for its concurrence.
Latest News
Cabinet nod to establish the Sri Lanka Industrial Transformation and innovation Authority
Approval was granted by the Cabinet of Ministers at the cabinet meeting held on 17-03-2025 to establish a single, more effective institution by merging the Industrial Development Board, the National Entrepreneurship Development Authority and Small Business development Division under the Ministry of Industry and Entrepreneurship Development to provide industrial and enterpriser development services in a more organized and efficient manner.
Accordingly, the Ministry of Industry and Entrepreneurship
Development has initiated the establishment of the Sri Lankan Industrial Transformation and Innovation Authority with the objective of minimizing duplication of work, strengthening the provision of institutional services, and building a national integrated platform for industrial and transformation, entrepreneurship promotion and export-oriented enterprise development under a three phase framework of conceptualization, strategic planning and implementation.
Action is being taken at present to obtain the necessary technological assistance under the Policy based loan program of the Asian Development Bank.
Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Industries and Entrepreneurship Development to take further action according to the proposed draft concept framework regarding the ‘the Sri Lanka Industrial Transformation and innovation Authority.
S. Achchudan appointed as Director General of the Sports Development Department.
Amendment of the National Environment Act No. 47 of 1980
Tax relief for Dates received as donations or gifts for Ramadan
Cabinet nod to establish the Sri Lanka Industrial Transformation and innovation Authority
Temporary employment of Sri Lankan labour in the State of Israel
Cabinet approves liquidation of Sahasya Investment Company
‘Dates have the highest sugar content to fight Coronavirus’
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