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Gevindu: CB independence under the proposed new law will be mockery
By Saman Indrajith
SLPP dissident MP Gevindu Cumaratunga has told Parliament recently that the word, independence, will take on a new meaning if the proposed new Central Bank Bill becomes law.
Cumaratunga said that the new legislation was being introduced under the excuse of making the Central Bank ‘more independent’. “What sort of independence is expected out of this new law? This so-called independence could be seen in the way of appointing persons to the post of Central Bank Governor, Monetary Board and Administrative Board. As per the new law persons for these appointments are nominated by the Minister of Finance. He submits his nominations to the President. It is the President who makes these appointments. How the independence of Central Bank could be ensured when we are in a situation similar to the present times where the finance minister and the president are the same person. What sort of independence is that? What wonderful independence would it be when the same Ranil Wickremesinghe as the minister of finance proposes a set of names and he as the President makes the appointments?
“When the 21st Amendment was being debated in this House, Ranil Wickremesinghe who was the Prime Minister then, stated against the President holding ministerial portfolios. He who speaks highly of British Parliament traditions should have left the finance minister post in parliament rather than taking it under the executive presidency. He has no moral right to hold both positions at once,” Cumaratunga said.
Latest News
Death toll rises to 607, missing persons reduce to 214 at 1800hrs today (5)
The situation report issued by the Disaster Management Centre at 1800hrs today (5th December) confirms that 607 persons have died due to the adverse weather conditions while the number of missing persons has reduced to 214.
The number of persons affected topped the 2 million mark (2,082,195).

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Sri Lanka Navy takes delivery of Ex-USCGC DECISIVE
The Sri Lanka Navy (SLN) formally took delivery of the EX- United States Coast Guard Cutter, USCGC DECISIVE, provided by the United States to SLN, at a ceremony held at the United
States Coast Guard Yard in Baltimore on 02 Dec 25. The event was also attended by the Commander of the Navy, Vice Admiral Kanchana Banagoda.
The ship formally joined the SLN fleet on 02 December under the pennant number P 628 and the main mast of the ship will fly the National Flag effective from that date.
Aiming to strengthen and develop partnerships to overcome common challenges in the maritime domain, the U.S. Coast Guard has previously provided 03 ships to SLN and they are currently patrolling island waters under the names of ‘Samudura’ (P 621), ‘Gajabahu’(P 626), and ‘Vijayabahu’ (P 627).
As an extension of partnership ties that bring value to each other’s services, Ex-USCGC DECISIVE was transferred as the fourth ship to be handed to SLN.
Ex-USCGC DECISIVE, a ‘B-Type Reliance Class 210-foot Cutter’, measures 64m in length, and having endurance of 6000 NM at cruising speed. Further, she has been designed for a
crew of 100 and is equipped with weapons and machinery.
The ship which was used by the U.S. Coast Guard has rendered exceptional service during her tenure by curbing illegal activities, including smuggling of narcotics in U.S. waters.
Sri Lanka inherits an Exclusive Economic Zone (EEZ) that is seven times larger than the landmass. In such a backdrop, the Navy is determined to deploy this vessel in wide-ranging
operations that include the conservation of marine resources in the region and the search and rescue of naval and fishing communities in distress. Thereby, the Navy will be able to utilize
this vessel efficiently in the future to achieve the national aspiration, while ensuring safe and secure seas for all economic affairs.
The formal handing over – taking over ceremony was also distinguished by the presence of the Deputy Chief Acquisition Officer and Director of Domain & Integration Services U.S. Coast
Guard, James L. Knight, Deputy Assistant Secretary of War for South and Southeast Asia, Dr. Andrew Byers, the Ambassador of Sri Lanka to the United States, Mahinda Samarasinghe, Commanding Officer designate of P 628, Captain Gayan Wickramasuriya as well as a group of officials from the Embassy of Sri Lanka in United States and the State Department
of the United State
Latest News
486 dead, 341 missing, 171,778 displaced as at 0600hrs today [05]
The situation report issued by the Disaster Management Center at 0600hrs today [5th December] confirms that 486 persons have died and another 341 persons are missing after the devastating weather conditions in the past week.
171,778 persons have been displaced and have taken refuge at 1,231 safety centers established by the government.

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