News
GCE A/L exam: CEB capable of maintaining uninterrupted power supply – trade unions
By Shiran Ranasinghe
The Ceylon Electricity Board (CEB) has the ability to maintain an uninterruped power supply during the GCE AL examination, CEB Technological Engineers’ and Superintendents’ Union President A.G.U. Nishantha said.
The CEB had to stop purchasing power from the costly diesel power plants and manage the available power production, he said.
“We have been urging the government since last year to provide adequate naphtha to Kelanitissa Combined Cycle Power Station to minimise power cuts. It was also cheaper than procuring emergency power from the private sector,” he said.
Nishantha said the CEB claims that it will lose four billion rupees of it does not cut power during the AL exam.
“The GCE AL is a critical exam. A lot rides on this. Imagine the impact the power cuts will have on the children. We keep on buying power from diesel plants owned by the private sector. We incur a loss of 50 billion from that alone per annum,” he said.
“The plant was offline from 2019 October to 2021 April. Sri Lanka lost Rs. 21.5 billion as a result, a committee appointed to investigate it has reported.
In 2019, the machines at the Kelanitissa Combined Cycle Power Station were overhauled at a cost of USD 3.1 million. Now, everything is in order, but we are not getting naphtha. They say there is not enough naphtha because the Sapugaskanda refinery is not operating. Why is the government doing this? Does it want to make the crisis worse,” he asked.
“Many people suspect that this is a ploy to delay elections. Maybe the government wants to dupe the people into believing that the money earmarked for the election should be diverted to the CEB. This is a dangerous game,” he said.
News
Amendment of the Inland Revenue Act No. 24 of 2017
Approval of the Cabinet of Ministers has been granted at their meeting held on 19.05.2025 in order to introduce amendments to the Inland Revenue Act No. 24 of 2017 including the proposed tax revisions to enhance the tax structure paving way for state financial integrity based on revenue.
Accordingly, the revised draft bill has been prepared by the legal draftsman and clearance of the Attorney General has been received.
Therefore, the Cabinet of Ministers has granted approval for
the resolution furnished by the President in his capacity as the Minister of Finance, Policy Planning and Economic Development to publish the aforementioned draft bill in the government gazette notification and subsequently, forward the same to the Parliament for its concurrence.
News
Cabinet nod for “National Mineral Policy” – 2026
The National Mineral Policy was prepared for the first time in the year 1999, and the aforementioned policy has been amended in 2023 to cover matters such as preparing an updated data system related to mineral resources, adding value to the export of minerals, encouraging mineral-related industrialists, extracting mineral resources and managing the environment sustainably, and resolving the issues related to the ownership of the land arising in extracting mineral resources.
The revised National Mineral Policy has been reupdated in line with the manifesto “A Sustainable Resource Utilization – Generation of the Highest Benefit” under the policy statement of the current government” A Thriving Nation – A Beautiful Life.”
Accordingly, the Cabinet of Ministers has approved the resolution presented by the Minister of Industries and
Entrepreneurship to implement the so-formulated “National Mineral Policy—2026.”
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