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Gevindu presses PM over EPF matter, discrepancy in interest payments
By Shamindra Ferdinando
Gevindu Cumaratunga, MP, has sought Prime Minister Dinesh Gunawardena’s intervention to ensure State Finance Minister Shehan Semasinghe on behalf of President Ranil Wickremesinghe, who holds the Finance portfolio, provided a satisfactory answer to several queries he raised regarding the status of the Employees Provident Fund (EPF) as at 31 Dec., 2022.
In a letter dated February 28, 2024, addressed to Premier Gunawardena, who is also the leader of the government Parliamentary group, the dissident SLPP lawmaker said that though State Minister Semasinghe was to answer his queries on EPF on Dec 12, 2024, he didn’t do so.
MP Cumaratunga told The Island that he had submitted the following queries to Parliament on Nov 14, 2023 expecting answers from the Finance Minister: (a) (i) the total amount earned by the EPF by investing its funds; (ii) the value of the total deposits of the fund and (iii) the total amount earned by investing its funds as a percentage of the value of the Fund’s total deposits?
(b) (i) the number of contributors to the EPF; (ii) the number of active contributors; (iii) the total value of the balances in the accounts of the active contributors and (iv) the total amount earned by the Fund from investing its funds as a percentage of the total value of the balances in the accounts of active contributors?
MP Cumaratunga has reminded Premier Gunawardena that he submitted the queries on EPF afresh on February 08, 2024 as prorogation of Parliament quashed the questions that had been submitted earlier. Now that the questions had been included in the agenda for March 5, Premier Gunawardena should ensure the State Minister answers them and take tangible measures to address the grievances of the EPF members.
The leader of the Yuthukama civil society organization on Feb 20 made representations to the Premier regarding the discrepancy in the payment of interests to EPF contributors in 2022.
Responding to queries, the lawmaker said that based on Central Bank data, he sought an explanation as to how EPF contributors were paid 9% interest whereas Central Bank employees received 29.27% interest in 2022.
MP Cumaratunga said that the State Finance Minister refrained from responding to questions though the Central Bank responsible for EPF operations provided the answers he sought.
The lawmaker said that those who received just 9 % interest could have been paid 11% interest as the Fund had Rs 21 bn after all 2022 payments were made in addition to Rs 53 bn in reserves. The MP claimed that Rs 21 bn plus a part of the reserves could have been utilized to pay 11% interest but the powers that be didn’t do so.
MP Cumaratunga has also urged Premier Gunawardena to inquire into the circumstances Central Bank employees were paid 29.27% interest in 2022 as their investments couldn’t have resulted in such big returns to meet obligatory payments to the governments and then pay such high interest. The MP has stressed the need to take punitive action against those responsible for paying high interest if such income hadn’t been not made during that year.
The parliamentarian said that political parties hadn’t paid sufficient attention to the issue at hand. Actually, the Finance Ministry owed the country an explanation, the MP said, the IMF couldn’t turn a blind eye to what was going on. The IMF shouldn’t be selective in its concerns here, the MP said.
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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Media slams govt.’s bid to use Emergency to silence critics
Media organisations have denounced Deputy Minister of Public Security and Parliamentary Affairs Sunil Watagala after he urged law enforcement authorities to use emergency regulations to take action against those posting allegedly defamatory content about the President and senior ministers on social media.
The Sri Lanka Working Journalists Association (SLWJA) yesterday issued a strongly worded statement condemning Watagala’s remarks, warning that they posed a direct threat to freedom of expression and media rights, particularly at a time when the country is struggling through a national disaster.
Watagala made the controversial comments on 2 December during a meeting at the Malabe Divisional Secretariat attended by government officials and Deputy Media Minister Dr. Kaushalya Ariyarathna. During the discussion, the Deputy Minister claimed that a coordinated effort was underway to spread distorted or false information about the disaster situation through physical means, social media, and even AI-generated content. He also alleged that individuals based overseas were contributing to such activity.
According to the SLWJA, Watagala went further, directing police officers present at the meeting to treat those posting such content “not merely as suspects but as offenders” and to take action against them under emergency regulations currently in force.
The SLWJA accused the government of abandoning the democratic principles it once campaigned on, noting that individuals who publicly championed free speech in the past were now attempting to clamp down on it. The association said this was not an isolated incident but part of a pattern of growing state pressure on journalists and media platforms over the past year.
It warned that attempts to criminalise commentary through emergency powers especially during a disaster constituted a grave violation of constitutional rights. The union urged the government to respect democratic freedoms and refrain from using disaster-related powers to silence criticism.
In a separate statement, Internet Media Action (IMA) also expressed “strong objection” to Watagala’s comments, describing them as a “serious threat to freedom of expression”, which it said is a fundamental right guaranteed to all Sri Lankan citizens.
The IMA said Watagala’s assertion that “malicious character assassination attacks” were being carried out against the President and others through social media or other media channels, and that such acts should attract severe punishment under emergency law, represented “an abuse of power”. The organisation also criticised the Deputy Minister’s claim that false opinions or misrepresentations whether physical, online, or generated by AI could not be permitted.
Using emergency regulations imposed for disaster management to suppress political criticism amounted to “theft of fundamental rights”, the statement said, adding that the move was aimed at deliberately restricting dissent and instilling fear among social media users.
“Criticism is not a crime,” the IMA said, warning that such rhetoric could lead to widespread intimidation and self-censorship among digital activists and ordinary citizens.
The group demanded that Watagala withdraw his statement unconditionally and insisted that freedom of expression cannot be curtailed under emergency laws or any other legal framework. It also called on the government to clarify its stance on the protection of fundamental rights amid increasing concerns from civil society.
News
Cardinal calls for compassionate Christmas amid crisis
Archbishop of Colombo, Cardinal Malcolm Ranjith, has called on Sri Lankans to observe this Christmas with compassion and restraint, as the nation continues to recover from one of its worst natural disasters in recent memory.
In his message, the Colombo Archbishop has highlighted the scale of the crisis, noting that more than 1.5 million people have been displaced, while an “uncounted number” remain buried under debris in the hill country following landslides and severe flooding.
“It is a most painful situation,”
he has written acknowledging the difficulty of celebrating a season traditionally associated with joy while thousands are mourning lost loved ones, living in refugee centres, or left with nothing but the clothes they were wearing.
The Cardinal has urged the faithful to temper excessive celebrations and extravagance, instead focusing on helping those affected. “Celebrate, by all means, yes, but make it a moment of spiritual happiness and concern for the needs of those who suffer,” he said. “Assist as much as possible those who lost their loved ones, their homes, and their belongings.”
He has called for a Christmas marked by love, sharing, and solidarity, describing it as an opportunity to make the season “a deeply spiritual and joyful experience.”
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