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Domestic debt restructuring and pension funds : JJB alleges Prez trying to influence judiciary

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Flanked by Upul Kumarapperuma (left) and Sunil Watagala, J.M. Wijebandara addresses the media (pic courtesy JJB) 

BASL urged to take a stand

By Shamindra Ferdinando

The Jathika Jana Balawegaya (JJB) has accused President Ranil Wickremesinghe of seeking to influence the judicial process in respect of a petition against domestic debt restructuring at the expense of the Employees’ Provident Fund (EPF) and the Employees’ Trust Fund (ETF).

Addressing the media at the JJB office in Colombo, Attorneys-at-Law Sunil Watagala, Upul Kumarapperuma and J. M. Wijebandara said President Wickremesinghe had intervened in a matter before the Supreme Court.

The JJB lawyers found fault with the President’s declaration that he wouldn’t, under any circumstances, accept advice, or directives, from anyone, other than Parliament, regarding the domestic debt-restructuring.

President Wickremesinghe said so at the 29th AGM of the Coconut Growers’ Association. Watagala described the President’s declaration as an attempt to browbeat the judiciary.

The Supreme Court on 27 July announced that the JJB petition would be considered on 27 Aug. Watagala filed the petition on behalf of the Inter-Company Employees’ Union, its President former MP Wasantha Samarasinghe, and six others.

Wickremesinghe had misinterpreted the relevant sections of the Constitution to pursue an agenda taking advantage of a particular section that dealt with how legislative power of people should be exercised through Parliament, Watagala claimed, stressing that the people’s sovereignty was exercised by the executive, legislature and judiciary.

Commenting on the domestic debt-restructuring process implemented in terms of an agreement with the IMF, Watagala alleged the whole process was contrary to parliamentary Acts pertaining to EPF and ETF as well as violation of fundamental rights, enshrined in the Constitution.

Watagala said that during the JRJ administration, ruffians pelted stones at some judges’ residences. President Mahinda Rajapaksa had caused Chief Justice Dr. Shirani Bandaranayake to be impeached, he said, pointing out that such acts never helped the executive to attain the desired power, the JVPer said.



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Heat index at ‘Caution level’ in Northern, North-central, Eastern, North-western, Western provinces and Monaragala district today [09]

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The Natural Hazards Early Warning Centre  of the Department of Meteorology has issued a Warm Weather Advisory for 09 April 2025

The 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, Eastern, North-western, and Western provinces and in Monaragala district.

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 below 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.

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Sajith asks govt. to submit its MoUs with India to Parliament

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Prof. Jayasumana raises possibility of Lanka ending up with “Quad’

Opposition and SJB Leader Sajith Premadasa has said it is the responsibility of the NPP government to submit the MoUs/agreements that were recently signed with India to the respective Sectoral Oversight Committees (SOCs).

Premadasa said so when The Island raised the issue with him. He said that during his meeting with Premier Modi his focus had been on opening the Indian market for Sri Lankan garment exports.

The seven MoUs/agreements signed on 05 April included defence cooperation, energy, Eastern Province development and digitalisation.

Meanwhile, the Vice President of Sarvajana Balaya and former lawmaker Prof. Channa Jayasumana said that the government owed an explanation whether the recently signed MoU on defence cooperation directly or indirectly attached Sri Lanka to the Quad security alliance, consisting of the US, Australia, Japan and India.

The former SLPPer raised the issue at a meeting held at Boralesgamuwa on Monday (07) in support of Sarvajana Balaya candidates contesting the May 6 LG polls.

Prof. Jayasumana urged that the MoU on Defence Cooperation be placed before Parliament, and the people, without further delay. The academic who served as State Health Minister during President Gotabaya Rajapaksa’s tenure said that President Anura Kumara Dissanayake’s foreign policy direction should be dealt with.

By Shamindra Ferdinando

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Govt. won’t extend suspension of ‘parate executions’

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The government would not extend the suspension of ‘parate executions’ that was now effective, Deputy Minister of Finance Harshana Suriyapperuma told Parliament yesterday.

Suriyapperuma said so in response to a question raised by Opposition Leader Sajith Premadasa, who asked about the government’s plans regarding a relief package to assist small and medium-scale enterprises (SMEs) struggling to repay loans.

Pointing out that about 263,000 SMEs had closed down, Premadasa asked what action the government would take to address the grievances of these SMEs.

He said that from 01 Jan., 2019, to 01 Dec., 31, 2023, licensed banks had collected Rs. 113.7 billion through 2,263 parate executions. As of 31 Dec., 2024, Rs. 1,380 billion had been recovered from Stage III defaulters.

The government has introduced loan schemes to assist SMEs impacted by the economic crisis. They included capital loans of up to Rs. 10 million, with a six-month grace period and a three-year repayment term at 8% interest, Suriyapperuma said. Additionally, another loan scheme under the consolidated fund aimed to help SMEs that werecurrently paying their loans. That scheme offered loans of up to Rs. 15 million, which must be repaid over ten years with a one-year grace period and a 7% interest rate. For SMEs that had defaulted on their loans, a loan of up to Rs. 5 million is available at 8% interest, with a six-month grace period and a five-year repayment term, Suriyapperuma said.

By Saman Indrajith

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