News
Chandran Nagar Model Village in Mullaitivu handed over to 24 beneficiary families
Indian High Commissioner Santosh Jha and Minister of Urban Development, Construction and Housing, Anura Karunathilaka, jointly inaugurated and handed over Chandran Nagar Model Village in Mullaitivu to the 24 beneficiary families on Wednesday (28). Nagalingam Vethanayagan, Governor of Northern Province and Dr. Sellaththamby Thilaganathan, Member of Parliament, also participated in the ceremony.
The event was also attended by District Secretary, Mullaitivu; Chairman and senior officials from National Housing Development Authority, and senior officials from the Ministry of Urban Development, Construction and Housing of Sri Lanka; Northern Provincial Council and Mullaitivu District Administration.
Speaking at the event, High Commissioner Jha emphasised India’s unwavering commitment to support Sri Lanka’s development, particularly in improving livelihoods and supporting development of communities in the Northern Province. Minister Anura Karunathilaka conveyed gratitude on behalf of the Government of Sri Lanka for the people-centric development cooperation initiatives of India in the country, particularly in the housing sector.
A Memorandum of Understanding between the Government of India and the Government of Sri Lanka was signed for the Model Village project in October 2017. The project encompasses housing facilities for 600 low-income families of Sri Lanka, with a model village each consisting of 24 houses per district for families. The Ministry of Urban Development, Construction and Housing of Sri Lanka is implementing the project with grant support from the Government of India.
Earlier this month, Jim Brown Nagar Model Village was inaugurated on 26 May 2025. Model Villages in 13 other districts have been handed over earlier. The overall project progress is over 97% and the remaining model villages too are expected to be inaugurated and handed over to the beneficiaries soon, a release issued by the High Commission said.
Latest News
Advisory for Severe Lightning issued to the Western, Sabaragamuwa, Central, North-western, North-central, Southern, Uva provinces, and Mannar, Vavuniya, Ampara, Batticaloa districts
Advisory for Severe Lightning
Issued by the Natural Hazards Early Warning Centre
Issued at 12.00 noon 21 April 2026 valid for the period until 11.30 p.m. 21 April 2026
Thundershowers accompanied with severe lightning are likely to occur in the Western, Sabaragamuwa, Central, North-western, Northcentral, Southern, Uva provinces, and in Mannar, Vavuniya, Ampara, Batticaloa districts after 1.00 p.m.
There may be temporary localized strong winds during thundershowers. General public is kindly requested to take adequate precautions to minimize damages caused by lightning activity.
ACTION REQUIRED:
The Department of Meteorology advises that people should:
Seek shelter, preferably indoors and never under trees.
Avoid open areas such as paddy fields, tea plantations and open water bodies during thunderstorms.
Avoid using wired telephones and connected electric appliances during thunderstorms.
Avoid using open vehicles, such as bicycles, tractors and boats etc.
Beware of fallen trees and power lines.
For emergency assistance contact the local disaster management authorities
Latest News
Six Foreign Envoys Present Credentials to President Dissanayake
Two High Commissioners, three Ambassadors and an Apostolic Nuncio-designate of the Holy See presented their credentials to President Anura Kumara Dissanayake at the Presidential Secretariat this morning (20).
The ceremony, held at 10.00 a.m., followed the formal order of precedence, with the envoys representing Papua New Guinea, Somalia, Luxembourg, the Holy See, Pakistan and Kuwait.
Accordingly, diplomats who presented their credentials were:
01. Vincent Sumale, High Commissioner-designate of Papua New Guinea (Based in New Delhi)
02. Abdullahi Mohammed Odowa, Ambassador-designate of Somalia (Based in New Delhi)
03. Christian Biever, Ambassador-designate of Luxembourg (Based in New Delhi)
04. Monsignor Andrzej Józwowicz, Apostolic Nuncio-designate of the Holy See
05. Major General (Retd) Nayyar Naseer, High Commissioner-designate of Pakistan
06. Saleh Mubarak Al-Sarawi, Ambassador-designate of Kuwait
Following the presentation of credentials, the President engaged in a cordial discussion with them. The Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath, and the Secretary to the President, Dr Nandika Sanath Kumanayake, were also in attendance.
News
Rs 13 bn NDB fraud: Int’l forensic audit ordered
The National Development Bank PLC (NDB), in consultation with the Central Bank, will soon appoint an international firm to conduct a comprehensive forensic audit into the Rs 13.2 billion bank fraud, currently being investigated by the Criminal Investigation Department (CID).
Controversy surrounds the failure on the part of relevant authorities to detect the massive scam that certain employees started perpetrating in mid-2024.
Declaring that day-to-day developments, relating to the NDB PLC, were under scrutiny, the Central Bank said that the NDB, in consultation with CBSL, was in the process of finalising arrangements to engage a leading international firm, with experts from overseas, to conduct a comprehensive forensic audit into the incident.
The Central Bank stated: “The scope of this audit will apart from matters directly related to the commission of this fraud, also fully address and assess any failures on compliance with regulatory requirements on control, oversight and governance during the period in which the fraudulent transactions took place. The forensic audit is expected to commence shortly, and its progress, including any interim findings as well as the final report, will be submitted directly to CBSL who will directly engage with the auditors to the extent considered necessary during the audit.
In parallel, CBSL has directed NDB to take immediate and expeditious measures to strengthen its internal controls and governance processes, with particular focus on addressing identified lapses. NDB has also been required to commission an independent third-party review to assess the adequacy and effectiveness of its policies, procedures, systems, and internal controls.
NDB continues to meet all regulatory requirements relating to capital and liquidity. CBSL remains in close and continuous engagement with the Board and management of NDB, as well as other relevant stakeholders, and stands ready to take any further measures necessary to safeguard the interests of depositors and ensure the stability of the financial system. There is no evidence of any other regulated financial institution suffering any loss arising from the incident at NDB and the public are requested not to be misled by any statements to the contrary made in various fora.”
NDB board directors include Sujeewa Mudalige – former Managing Partner of PwC / Past President of CA Sri Lanka, Hasitha Premaratne – Managing Director of Brandix Group, Shanil Fernando – founding member of Virtusa Corporation and Co-Founder of Sysco Labs, Bernard Sinniah – former Managing Director of Citibank and Kasturi Chellaraja – former Group CEO of Hemas Holdings PLC.
The external auditors of NDB Bank PLC is Ernst & Young.
Meanwhile, the Committee on Public Finance (CoPF) that recently met under the Chairmanship of Member of Parliament Dr. Harsha de Silva observed, with serious concern, that there appear to have been considerable lapses in corporate governance at the bank, deficiencies in supervision by the relevant departments of the Central Bank of Sri Lanka, and undue delays in the reporting of material information.
The Committee firmly underscored that such shortcomings are unacceptable and directed that immediate corrective measures be undertaken. It further emphasised that it will continue to closely monitor this matter and exercise stringent oversight to ensure full accountability, transparency, and the safeguarding of public confidence in the financial system.
The NDB issue was dealt with when the Governor of the Central Bank Dr. Nandalal Weerasinghe, along with members of the Governing Board, the Monetary Policy Board, and senior officials, attended the meeting as part of the Central Bank’s statutory presentation to Parliament conducted once every four months.
-
News6 days agoPNS TAIMUR & ASLAT set sail from Colombo
-
Business4 days agoHarnessing nature’s wisdom: Experts highlight “Resist–Align” path to resilience
-
News4 days agoGratiaen Trust announces longlist for the 33rd Annual Gratiaen Prize
-
News3 days agoFrom Nuwara Eliya to Dubai: Isha Holdings markets Agri products abroad
-
News4 days agoHeroin haul transported on 50-million-rupee contract
-
Latest News5 days agoSingapore Zoo’s first Sri Lankan leopard cubs make their public debut
-
Opinion2 days agoShutting roof top solar panels – a crime
-
News2 days agoChurch calls for Deputy Defence Minister’s removal, establishment of Independent Prosecutor’s Office
