Latest News
CoPF approves, subject to conditions, the bill to suspend the “parate law” until December 15

The Committee on Public Finance (CoPF) has approved, subject to conditions, the Recovery of Loans by Banks (Special Provisions) (Amendment) Bill which was amended to facilitate legal provisions for the suspension of Parate Law until December 15 2024. Accordingly, the banks’ practice of acquiring properties of whose loans are yet to be paid off will be suspended until December 15 and the Recovery of Loans by Banks (Special Provisions) Act No. 4 of 1990 will be amended to facilitate the necessary legal provisions.
The approval was given when the Committee on Public Finance met in Parliament recently (Apr. 30) under the chairmanship of Member of Parliament Dr. Harsha De Silva.
Officials representing the Ministry of Finance said that they hope to provide temporary relief to the creditors. Accordingly, the committee questioned the officials what action will be taken in this regard after December 15. Thus, the officials present failed to give a clear answer in this regard and the committee recommended to provide a road map for the actions to be taken after December 15 to those subject to Parate Law.
Also, the committee recommended that all the parties who have done business with the banks subject to Parate Law should be given a fair opportunity to negotiate with the banks.
The committee also questioned the officials about the distribution of loans under the Parate Law. The chair of the committee inquired about the manner in which the micro, small scale and medium scale enterprises in particular have received loans under this law and the criteria under which they are classified. The officials did not have the correct data about this and the chair of the committee instructed the officials to provide that data to the committee.
The committee also inquired the percentage of the sectors that were most affected. Furthermore, the committee asked the officials to provide data on the implementation of the Parate Law in other periods compared to the specific period in which there was an economic recession due to the impact of the corona virus in 2020, 2021 and 2022. The officials present mentioned that the data on this matter this will be presented to the committee in the future.
Meanwhile, the committee has also given its approval for the orders under the Foreign Exchange Act No. 12 of 2017 and the regulations under the Sri Lanka Securities and Exchange Commission Act No. 19 of 2021. Also, the committee approved the regulations under the Import and Export (Control) Act No. 1 of 1969.
State Minister. (Dr.) Suren Raghavan, Members of Parliament Hon. Premnath C. Dolawatta and Hon. Madhura Withanage participated in this committee.
Officials representing several government institutions including the Ministry of Finance, Economic Stabilization and National Policy, the Auditor General’s Department, the Central Bank of Sri Lanka, and Sri Lanka Customs were present.
Latest News
Dananjana wins 100 metres silver

Latest News
Heat index at ‘Caution level’ at some places in Northern, North-central, North-western, Western, Southern and Eastern provinces and in Rathnapura and Monaragala districts

Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre of the Department of Meteorology at 3.30 p.m. 16 April 2025, valid for 17 April 2025
The general public are warned that the Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in Northern, North-central, North-western, Western, Southern and Eastern provinces and in Rathnapura and Monaragala districts
The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.
Effect of the heat index on human body is mentioned in the table below and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.
ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated. Dress: Wear lightweight and white or light-colored clothing.
Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491.
Latest News
Delhi Capitals win an IPL classic in Delhi after Super Over drama

Nine runs needed, six wickets in hand — it should’ve been a routine finish for Rajasthan Royals (RR) against Delhi Capitals in IPL 2025, But Mitchell Starc flipped the script, delivering five pinpoint yorkers in a sensational final over. Dhruv Jurel couldn’t find two runs off the last ball, and Starc dragged the game into a dramatic Super Over.
RR imploded in the Super Over, lasting just five balls and losing both Riyan Parag and Yashasvi Jaiswal to run outs. DC chased down the 12-run target in just four deliveries.
With DC needing 5 off 3, Tristan Stubbs pulled Sandeep Sharma for six to seal DC’s fifth win in six games that takes them to the top of the points table. Stubbs had earlier contributed a vital unbeaten 18-ball 34 in regulation time to help DC score 42 off the last three overs.
The 200-run mark had been breached on each of the last eight T20s by the side batting first at Arun Jaitley Stadium. DC didn’t look like getting anywhere close, until Stubbs joined hands with Axar Patel, who also injected momentum with his takedown of Wanindu Hasaranga to make 34 off 14.
RR also didn’t finish well. Sandeep, who had figures of 3-0-14-0, bowled four wides and a no-ball in what proved to be a 11-ball over that ended with Maheesh Theekshana dropping a sitter off the last ball, the over costing 19.
RR also reprieved Stubbs on 12 when Riyan Parag put down a regulation chance at long-on. And he hurt them with some important runs at the death – all contributing to RR chasing a bigger total than they would have.
While Stubbs’ runs were crucial, a gun throw running around from wide long-on to restrict the penultimate delivery to a single in regulation time – with RR needing 3 off 2 – was invaluable.
It could’ve so easily turned pear-shaped for Stubbs, before that blockbuster finish. Nitish Rana was reprieved on 20 when Stubbs palmed the ball over the long-on boundary to deny Axar a wicket.
Rana’s wicket would’ve been the perfect double-strike for DC, who only five balls earlier dismissed Jaiswal when Kuldeep Yadav lulled him in flight and had him drag one to long-on.
Rana kicked on to make 31 more off 12 deliveries to take pressure off RR going into the last three overs from a slightly precarious 73 off 36, with the ball gripping. It needed a gun in-swinging yorker from Starc in his third over to dismiss Rana, with RR needing 28 off 14. Shimron Hetmyer and Dhruv Jurel then needed 9 off the final over, but couldn’t manage a single boundary as Starc nailed his yorkers.
Before the gun finish, Starc had a nightmarish start when Jaiswal hit him for a sequence of 4, 6, 4 in his first over. Jaiswal chewed into Starc’s full-length deliveries, clearing the front leg and moving them with brute force over the infield towards the short leg-side fence. When he bowled short and into the body, Jaiswal got inside the line and pulled him imperiously over deep backward square.
Jaiswal’s early impetus also seemed to have an effect on Sanju Samson, who found his hitting range until a suspected side issue forced him to retire hurt with RR 61 without loss in 5.3 overs. The two balls leading into him retiring out were picked for a four and a six. But it was only when he reached out to cut Vipraj Nigam, that he pulled up and went off straightaway.
DC lost Jake Fraser-McGurk and Karun Nair early. Fraser-McGurk holed out to mid-off, and Nair, fresh off an IPL high score in his comeback game, was run out for a three-ball duck after being roughed up by two Jofra Archer short balls. Before that, Abhishek Porel picked 23 off the second over, by Tushar Deshpande, to get going.
Rahul was cautious to begin with, the slowness of the surface making it tough for stroke making. At one stage, he was on 17 off 18 but couldn’t quite push on – eventually falling for a 32-ball 38 when he pulled Archer to deep midwicket.
Porel, too, struggled to bring out the big hits after his turbocharge, eventually falling for 49. Fortunately for DC, Axar injected momentum that Stubbs carried forward to give them a total to bowl at, which they defended in the end courtesy Starc’s mastery.
Brief scores:
Delhi Capitals 188 for 5 in 20 overs (Abhishek Porel 49, KL Rahul 38, Tristan Stubbs 34*, Axar Patel 34, Ashutosh Sharma 15; Jofra Archer 2-32, Maheesh Theekshan 1-30, Wanidu Hasaranga 1-38) tied with Rajasthan Royals 188 for 4 in 20 overs (Yashasvi Jaiswal 51, Nitish Rana 51, Dhruv Jurel 26, Shimron Hetmeyer 15*; Mitchell Starc 1-36, Sanju Samson 31, Axar 1-23, Kuldeep Yadav 1-33) DC won Super Over
[Cricinfo]
-
News5 days ago
Suspect injured in police shooting hospitalised
-
Features6 days ago
Robbers and Wreckers
-
Business6 days ago
Bhathiya Bulumulla – The Man I Knew
-
Business5 days ago
Sanjiv Hulugalle appointed CEO and General Manager of Cinnamon Life at City of Dreams Sri Lanka
-
Features4 days ago
Liberation Day tariffs chaos could cause permanent damage to US economy, amid global tensions
-
Business4 days ago
Members’ Night of the Sri Lanka – Russia Business Council of The Ceylon Chamber of Commerce
-
Features4 days ago
Minds and Memories picturing 65 years of Sri Lankan Politics and Society
-
News5 days ago
Lankan security forces Humanitarian Assistance and Relief Team working in Myanmar