News
Harsha points out “glaring injustices” in taxing EPF
SJB Colombo District MP Dr. Harsha de Silva decried in Parliament last week what he considers a glaring injustice within the Employees Provident Fund (EPF) taxation intention.
Participating in the debate on new Inland Revenue Bill, he argued that imposing taxes solely on EPF members while neglecting to tax the capital gains of private banks and other entities who acquired bonds during recent financial crises at reduced prices is fundamentally unfair.
He urged necessary amendments to rectify this anomaly within the EPF Act saying the EPF currently holds a substantial sum of approximately 3,400 billion rupees. One proposed strategy for domestic debt optimization suggested raising the interest on EPF investments in bonds from 14 percent to 30 percent.
However, De Silva contended that this transition, initially promoted as a choice, has since been enforced arbitrarily as a mandatory measure.Highlighting a lack of legal assurances regarding the promised nine percent profit for EPF members, he said that it was profoundly unjust to grant substantial profits to those who invested in crisis bonds.
He refuted claims that EPF members would suffer losses of up to 50 percent of their savings during the domestic debt optimization process, stating that legislative amendments should guarantee EPF members an interest rate in line with inflation.
De Silva also criticized the government’s stance on youth empowerment, asserting that its actions have inflicted the most significant harm on EPF members who are approximately 40 years old.
This plea for fairness in the taxation and investment policies of the EPF has ignited a spirited debate within Parliament, as lawmakers grapple with the need for reforms to ensure equitable treatment of all stakeholders.
News
Manjot Kalra denies fixing allegations in LPL 2026
Former India Under-19 player Manjot Kalra has been remanded by the Magistrate’s Court in Colombo until July 31, Sri Lanka police has confirmed, after he was arrested on July 16 on charges of corruption relating to the 2026 Lanka Premier League season.
Kalra, who is one of the co-owners of the Jaffna Kings franchise along with entrepreneur Mayank Goel, was produced before the court on July 17.
According to local media, the court heard that Kalra had allegedly approached players participating in LPL 2026 – Bhanuka Rajapaksa and Sri Lanka national players Dunith Wellalage and Avishka Fernando – all of whom play for the Jaffna Kings franchise. Investigators revealed in court that Kalra had allegedly offered the players over USD 30,000 to influence the outcome of games, and that they had in their possession recorded phone conversations and video evidence to support their case.
Following the initial approach, the players are said to have contacted the Special Investigations Unit (SIU) for the Prevention of Offences Relating to Sports, after which they had, on instructions of the SIU, negotiated a payment of LKR 11.5 million with LKR 9.5 million as an advance. Kalra and an unnamed second person were arrested when the second person had brought a bag containing the advance payment to a pre-agreed location, according to media reports of the court proceedings.
The defence counsel rejected all allegations, asserting there was no evidence of Kalra offering or paying a bribe. Bail was sought but denied, with the Chief Magistrate stating that doing so could prejudice the investigation.
In a statement released on his behalf, Kalra denied the allegations and said he was “fully cooperating with the ongoing investigation” and “is confident that the facts will establish his innocence and clear his name”.
“Having had the privilege of representing India with honour, Mr. Kalra fully understands the responsibility and integrity expected of those associated with Indian sport. Throughout his career, he has remained committed to upholding those values,” the statement said. “Mr. Kalra became a co-owner in the league as a minority shareholder, entering the venture in good faith and with complete integrity. Prior to his association, the league conducted all requisite background and due diligence checks, which connfirmed his clean reputation.
“As the matter is currently under investigation, Mr. Kalra will continue to cooperate fully with the authorities and will refrain from making any further comments at this stage. He remains confident that the truth will prevail.
“Senior Counsel K Wasantha S Fernando, Attorney at Law and his able team of Junior Attorneys at Law are currently taking care of his interest and have expressed the confidence in disproving and negating the allegations leveled against Kalra and will ensure all possible steps are taken within the provisions of law to bring all perpetrators involved in fixing Kalra into this undesired situation to light while assisting law enforcement officers and Honorable Court to arrive at Justice in the right manner.”
The news of Kalra’s arrest broke on Friday, hours before the LPL season opener between Kalra’s team Jaffna Kings and Galle Gallants , a fixture that Kings lost by 36 runs.
[Cricinfo]
News
10th Navy Open Shooting Championship concludes
The 10th Navy Open Shooting Championship, organised by the Sri Lanka Navy, concluded successfully following events held from 1 to 12 July 2026 at the Small Bore Firing Complex,
Welisara.
The awards ceremony took place on 18 July at the Commander Parakrama Samaraweera Memorial Indoor Sports Complex at SLNS Gemunu, under the patronage of the Commander of
the Navy.
More than 900 shooters representing the Sri Lanka Army, Navy, Air Force, Police and a number of shooting clubs from across the island competed in this year’s championship. Notably, over 800 of the participants were school athletes, highlighting the growing interest and participation of young athletes in the sport.
The championship provided a valuable platform for members of the Tri-Forces, Police, shooting clubs and school competitors to compete alongside one another, exchange experience and further develop their technical skills in shooting. It also reaffirmed the championship’s role in nurturing young talent and supporting the development of future national and international-level shooters.
Competing in a highly competitive field, marksmen representing the Sri Lanka Navy delivered an impressive performance, securing a number of medals and bringing distinction to the Navy through their achievements.
The event also made a significant contribution to the promotion of shooting sport in Sri Lanka by identifying emerging talent and strengthening cooperation, sportsmanship and healthy
competition among participants representing a wide range of institutions and organisations.

News
Former IGP’s death likely due to an accidental weapon discharge
He was examining security officer’s new weapon while waiting for his wife to join him on a morning walk
Friday’s shock death of former IGP Chandana Wickramaratne due to gunshot injuries on his chest was possibly due to an accidental discharge of his personal security officer’s (PSO’s) pistol. Wickramaratne, who was kitted for his walk and waiting on the verandah for his wife to join him, was examining the PSO’s new weapon, knowledgeable sources said.
These sources said the wife who was putting on her shoes inside the house heard a bang and found Wickramaratne fallen on the verandah.
The retired IGP had noticed the security officer carrying a new weapon and had asked to examine it. Saying he carried a similar weapon years ago, he found no magazine and said, “are you planning to accompany me on my walk with a pistol without a magazine?”
The PSO had then handed the loaded magazine and gone into the house to fetch a requested bottle of water when the weapon had gone off.
The sources said that Wickramaratne was in no way depressed and had attended an Ananda College old boy’s event a few days ago, had dinner with friends and chatted with them. He had an appointment to meet a friend on Saturday.
Friends and family saw no reason for Wickramaratne to take his own life and there was no evidence whatever of an external agent shooting him. The former IGP was pronounced dead at the Colombo East Teaching Hospital to which he was rushed.
Police said investigations were proceeding and an autopsy report was awaited.
Wickramaratne was appointed the 35th Inspector General on November 25, 2020 and retired three years later in 2023. He had also set a record as the longest serving acting IGP since his naming to that position in May 2019 after his predecessor Pujith Jayasundara was sent on compulsory leave.
He joined as a trainee Assistant Superintendent in June 1986 after graduating from the Colombo University. He was absorbed to the National Intelligence Bureau where he worked till 1995. Thereafter he reverted to the uniform service and had been posted across the country, including the northern and eastern areas at the height of the war.
-
Business23 hours ago‘Giving up was never an option’: The fisherman who fought back after losing millions in SL
-
Latest News2 days agoDavis cup Asia/Oceania Group IV 2026 to be held in Colombo from 20th to 25th July
-
Features23 hours agoTwo memorable excerpts from a former SLAF commander’s memoir
-
Features23 hours agoErdoğan’s New Republic
-
Life style23 hours agoTaste of the Swiss Alps comes to Colombo
-
Features5 days agoDirty Money
-
News2 days agoDengue outbreak gallops ahead: Infections surpasses 73,455, leaving 50 dead
-
News2 days agoEvidence recorded in money laundering case against Yoshitha Rajapaksa
