News
Champika attributes high prices of fuel and power to corruption
Sky-high taxes on fuel and electricity could be brought down if not for the corruption prevailing in their procurement processes, says leader of the ‘43 Brigade’ MP Patali Champika Ranawaka.
Speaking to the media on Monday at the 43 Brigade headquarters in Colombo MP Ranawaka said that the fuel and electricity prices could be brought down immediately. “We used to pay a huge bill for fuel. There was a time we had to purchase a barrel of crude oil at USD 130. In recent times this dropped to USD 70. As a result payments in our import bill has decreased. As such the taxes on fuel and electricity could be pruned down,” he said.
MP Ranawaka said that the fuel procurement process remains to be one of the most corrupt sectors in this country. “Corrupt practices are still prevail and that prevents the price reduction. Otherwise the bills for fuel and electricity could be reduced by considerable amounts,” he said.
Asked to comment on Sri Lanka securing the IMF bailout, the MP said: “We have to remember that we have to face the most serious problems when we act according to the IMF agreement. That means negotiating with our local creditors and foreign creditors according to the credit standards decided by the IMF. There are several main issues that arise in it. One is that some creditors have told us that they are international multiple creditors. That means that the loans of the Asian Development Bank and the World Bank need to be restructured.”
Indian Prime Minister Shri Narendra Modi, who arrived in Sri Lanka on the invitation of President Anura Kumara Disanayake on Friday [04] night, visited the Presidential Secretariat this morning (05).
The Indian Prime Minister was warmly welcomed by President Anura Kumara Disanayake upon his arrival at the Presidential Secretariat.
Prime Minister Modi is currently on a state visit to Sri Lanka, reaffirming the theme “Friendship of Centuries — Commitment to a Prosperous Future” which symbolises the longstanding ties between Sri Lanka and India. The Indian Premier is scheduled to remain in the country until tomorrow (06).
[PMD]
The official welcoming ceremony for Indian Prime Minister Narendra Modi, was held this morning (05) at the Independence Square in Colombo.
On arrival at the Independence Square the Indian Prime Minister was warmly welcomed by President Anura Kumara Disanayake.
The Indian Naval Ship (INS) Sahyadri arrived at the Port of Colombo on a formal visit on Friday [04 Apr 25]. The visiting ship was welcomed by the Sri Lanka Navy in compliance with naval traditions.
INS Sahyadri is a 143m long Frigate manned by a crew of 320 and the ship is commanded by Captain Rajat Kumar.
During their visit to the crew of INS Sahyadri will participate in events hosted by the Sri Lanka Navy, aimed to strengthen bilateral ties. They will also visit several tourist hotspots across the country.
Concluding the visit, INS Sahyadri is scheduled to set sail from Colombo on 07 Apr
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Indian Prime Minister Shri Narendra Modi arrives at the presidential secretariat
Indian PM receives warm welcome
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