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India to give an additional $1-billion emergency financial support to SL

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BY S VENKAT NARAYAN Our Special Correspondent

NEW DELHI, March 16: Sri Lanka’s Finance Minister Basil Rajapaksa met Indian Prime Minister Narendra Modi in New Delhi Wednesday morning to discuss bilateral matters and further Indian assistance to the island-nation, now in the grip of a major economic crisis.

Sri Lanka’s High Commissioner to India Milinda Moragoda was present at the meeting.

It is widely expected that India will clear a further $1-billion emergency financial support that New Delhi and Colombo have been negotiating since Rajapaksa’s last visit to New Delhi early in December.

At that time, he held talks with External Affairs Minister Dr Subrahmanyam Jaishankar and Finance Minister Nirmala Sitharaman. Both sides had agreed on a “four-pronged” approach to addressing Sri Lanka’s meltdown. It included Indian credit lines for import of essentials such as food, medicines and fuel; currency swap to help boost Sri lanka’s foreign exchange reserves, an “early” modernisation project of the Trincomalee oil tank farm, and Colombo’s commitment to facilitate Indian investments in Sri Lanka.

Since January last, India has extended $1.4-billion support, by way of a $400-million Reserve Bank of India (RBI) currency swap, a $500-million loan deferment, and a $500-million Line of Credit for fuel imports. The additional $1 billion, if cleared, will bring some relief to Sri Lanka, amid its current fuel and gas shortages, and soaring prices of food and other basic items.

Between Rajapaksa’s two New Delhi visits in a span of four months, India and Sri Lanka signed key agreements, both at governmental levels and involving private Indian investors. On January 6, Indian Oil Corporation (IOC) subsidiary Lanka IOC, Ceylon Petroleum Corporation (CPC) and the Government of Sri Lanka signed three agreements to jointly develop the Trincomalee oil tank farm in eastern Sri Lanka.

On March 11, the National Thermal Power Corporation (NTPC) signed an agreement with the Ceylon Electricity Board (CEB) to jointly set up a solar power plant at Sampur in Trincomalee. The same day, the Adani Group signed a deal for setting up two renewable energy projects in northern Sri Lanka, at an estimated cost of $500 million. This agreement was not publicised by either side.

Rajapaksa was scheduled to meet Jaishankar for a one-on-one interaction later on Wednesday, sources said



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CEB trade unions hint at stringent industrial action after talks fail

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Trade unions of the Ceylon Electricity Board (CEB), backed by the powerful Ceylon Electricity Board Engineers’ Union, have warned of accelerated trade union action following the collapse of crucial discussions held on Monday (16) with the CEB Chairman, who also serves as Secretary to the Ministry of Power and Energy.

The issue is expected to take centre stage at today’s press conference, with unions signalling that a token strike, possibly a 12-hour countrywide action, could be staged next week unless authorities urgently intervene.

The meeting earlier this week ended without what union representatives described as any “positive or constructive outcome.”

Trade union leaders expressed disappointment that their key concerns had not been substantively addressed during discussions with the Chairman.

At the heart of the dispute is the unions’ demand for a collective agreement in accordance with Section 18(j) of the Sri Lanka Electricity Act No. 36 of 2024. Trade union representatives maintain that the law provides for structured engagement between management and employees and that a formal collective agreement is necessary to ensure transparency and industrial stability within the institution.

The unions also submitted what they termed a reasonable proposal to safeguard the CEB Employees’ Provident Fund (EPF), voicing concerns over the long-term security of workers’ retirement benefits.

However, according to trade union sources, those proposals were not adequately taken up during the discussions.

A senior electrical engineer told The Island that further internal consultations were being held to decide the next course of action. “There is growing frustration among employees. The issues raised are fundamental and relate directly to statutory compliance and the financial security of staff,” he said.

The Island learns that unless there is meaningful engagement from the authorities, the proposed token strike could mark the beginning of more stringent industrial action.

Energy sector observers warn that any escalation of trade union unrest at the CEB could have serious implications for the country’s power sector stability at a critical time.Further developments are expected following today’s media briefing.

By Ifham Nizam

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PM reveals allowances and perks available to MPs

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Prime Minister Dr. Harini Amarasuriya yesterday (19) revealed allowances and benefits provided to Members of Parliament at present.She did so while responding to a question raised by Samagi Jana Balawegaya MP Chaminda Wijesiri.

According to the disclosure:

An MP receives a monthly allowance of Rs. 54,285, with an entertainment allowance of Rs. 1,000 per month.

Driver allowance is Rs. 3,500 per month; however, if the MP is provided with a driver by the Ministry of Public Security and Parliamentary Affairs, no driver allowance is paid.

Telephone allowance is Rs. 50,000, while transport allowance is Rs. 15,000 per month.

Office allowance amounts to Rs. 100,000.

MPs attending parliamentary sessions receive Rs. 2,500 per day, while Rs. 2,500 per day are given for MPs attending committee meetings on non-sitting days.

Meanwhile, Members of Parliament also receive a fuel allowance based on the distance from their elected district to Parliament.

For national list MPs, this is calculated as 419.76 liters of diesel per month, paid at the approved market rate on the first day of each month.Dr. Amarasuriya also emphasised that these allowances are structured to cover official duties and transportation costs.

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CID expresses regret to Natasha; IGP to issue guidelines on ICCPR arrests

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Former OIC of the Cyber Crime Investigation and Intelligence Analysis Unit of the CID, M.M.U. Subhasinghe, yesterday expressed his regret in writing to civil activist and comedian Natasha Edirisooriya at the Supreme Court regarding her arrest under the International Covenant on Civil and Political Rights (ICCPR) Act.

The Attorney General’s Department, appearing on behalf of the respondents, informed the court that the IGP would issue a set of guidelines via a circular to all police officers to prevent unlawful arrests under this Act in the future. It was further noted that the circular would be issued within two weeks, and the petitioner, Natasha Edirisooriya, has examined and agreed to these guidelines.

These submissions were made yesterday before a three-judge bench of the Supreme Court, led by Chief Justice Preethi Padman Surasena, during the hearing of the Fundamental Rights (FR) petition filed by Edirisooriya challenging her unlawful arrest.

Following these developments, the court ordered the respondents to inform the court via a motion within two weeks of issuing the IGP’s circular and ordered the conclusion of the case proceedings.

Natasha Edirisooriya was present in open court yesterday. Addressing her, Chief Justice Surasena stated that the court appreciates the manner in which the legal proceedings were brought to a conclusion.

The letter expressing regret stated: “As the arresting officer, considering the totality of circumstances, I wish to express deep regret to you for the arrest on 27th May 2023 and your incarceration in remand custody till 5th July 2023 consequent thereto. I also extend my deep regret regarding the damage that may have been caused to your reputation and dignity, and mental and emotional trauma caused by the arrest and incarceration.”

The respondents agreed to express this regret and issue the circular based on the specific conditions put forward by Edirisooriya in consultation with her counsel Suren Fernando and the legal team.

By AJA Abeynayake

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