News
Inflation in Lanka hits record 73.7 percent
(Al Jazeera) Sri Lanka’s National Consumer Price Index (NCPI) rose to a new high of 73.7 percent in September from a year earlier, quickening from 70.2 percent in August, the statistics department said.Annual food price inflation picked up to 85.8 percent from 84.6 percent in August, while prices of non-food items rose 62.8 percent. Sri Lanka’s Central Bank Governor Nandalal Weerasinghe predicted earlier on Thursday that inflation in the island nation is peaking, with price rises likely to ease this month.
The NCPI captures broader retail price inflation and is released with a lag of 21 days every month. The more closely monitored Colombo Consumer Price Index (CCPI), released at the end of each month, rose 69.8 percent in August. It acts as a leading indicator for national prices and shows how inflation is evolving in Sri Lanka’s biggest city.But the higher-than-expected inflation numbers are unlikely to push the central bank to increase rates next month, analysts told Reuters.
“Tariff increases for power and water implemented in August has spilled over into September along with a tax hike for telecommunications,” said Dimantha Mathew, head of research for Colombo-based investment firm First Capital, giving reasons for the inflation spike.
“However, the central bank is unlikely to increase rates as the economy is cooling down and we expect to see the pace of inflation slowing down from October.”
Sri Lanka is planning to increase direct taxes to reduce the deficit in its upcoming budget for 2023 and put the economy on a more stable footing, President Ranil Wickremesinghe said.An acute dollar shortage, caused by economic mismanagement and the impact of the COVID-19 pandemic, has left Sri Lanka struggling to pay for essential imports, including food, fuel, fertiliser and medicine.
In September, the country reached a preliminary deal with the International Monetary Fund for a loan of about $2.9bn, contingent on it receiving financing assurances from official creditors and negotiations with private creditors.
News
Bureaucratic deficiencies prolong suffering of thousands of Ditwah victims in Kandy
Thousands of families in the Kandy District, affected by the recent Ditwah disaster, are facing hardships as a severe shortage of National Building Research Organisation (NBRO) officers has brought payment of compensation and relocation efforts to a standstill.
Residents in several hard-hit Divisional Secretariat divisions, including Ududumbara, Gampola, Doluwa, Gangawata Korale, Yatinuwara, Akurana and Pathahewaheta, complain that despite government assurances of compensation and alternative housing, the mandatory geological clearance reports, issued by the NBRO, are pending, delaying all assistance.
Victims allege that the absence of these reports has effectively blocked access to state funds and relocation schemes, leaving them stranded, months after the disaster. Grama Niladhari and Divisional Secretariat officials have reportedly informed affected families that the NBRO has not yet been provided a schedule for conducting field inspections.
An inquiry into the situation has revealed that only six active NBRO officers are currently assigned to cover the entire Kandy District. A senior official at the Kandy District Secretariat, confirming the situation, acknowledged that the existing staff strength is grossly insufficient to cope with the volume of inspection requests following the disaster. According to official sources, nearly 5,000 applications for disaster-related inspections are pending in the Doluwa and Gangawata Korale Divisional Secretariat areas alone. Without the required geological assessments, affected families are unable to proceed with compensation claims or reconstruction efforts.
By SK Samaranayake
News
32-drivers high on drugs nabbed in Kandy District
Thirty-two drivers had been arrested for driving under the influence of narcotics, DIG for Kandy and Matale Districts, Sudath Masinghe, said yesterday. They included trishaw and private bus drivers.
The disclosure was made at the Kandy District Coordinating Committee meeting held on Monday (23) at the Kandy District Secretariat.
The meeting was co-chaired by Minister of Agriculture, Irrigation and Livestock K.D. Lalkantha, Central Province Governor Prof. Sarath Abeykoon, and Kandy District Secretary Indika Udawatta.
Addressing the committee, DIG Masinghe described the increasing number of three-wheeler drivers, operating under the influence of drugs, as a “very serious situation,” warning that it posed a significant threat to public safety. He said legal action had already been instituted against the 32 arrested drivers.
Detailing recent enforcement operations, the DIG said that in the Theldeniya Police Division alone, seven trishaw drivers were arrested during raids for driving while being impaired by narcotics.
In the Gampola Division, police had carried out 232 raids on the illicit liquor trade (kasippu), as part of a broader crackdown on drug- and alcohol-related offences, he added.
By S.K. Samaranayake
News
RDA palmed defective toll payment cards causing congestion till new stocks arrive
Drivers using the country’s expressways are facing severe inconvenience due to the unavailability of Electronic Toll Collection (ETC) payment cards, with many forced to endure long queues at cash payment lanes.
According to motorists the shortage has persisted for nearly a month, disrupting smooth travel on the expressway network. As a result, drivers, who normally use ETC lanes, have been compelled to switch to manual payment counters, leading to congestion and delays, particularly during peak hours.
Responding to queries, Road Development Authority (RDA) Director R. A. D. Kahatapitiya said the ETC cards had been procured through a tender process. Although the cards performed satisfactorily at the sample stage defects were detected in the bulk consignment supplied under the tender, prompting authorities to cancel the stock.
He assured that the cancellation would not result in any financial loss to the government, noting that the supplier had been informed to provide a fresh batch. The company has indicated that new cards will be delivered within two weeks.
Kahatapitiya expressed confidence that the arrival of the new stock would help ease the difficulties currently experienced by expressway users.
ETC cards are issued at Peliyagoda, Ja-Ela and Seeduwa.
By Chaminda Silva
-
Features3 days agoWhy does the state threaten Its people with yet another anti-terror law?
-
Features3 days agoReconciliation, Mood of the Nation and the NPP Government
-
Features3 days agoVictor Melder turns 90: Railwayman and bibliophile extraordinary
-
Features2 days agoLOVEABLE BUT LETHAL: When four-legged stars remind us of a silent killer
-
Features3 days agoVictor, the Friend of the Foreign Press
-
Latest News4 days agoNew Zealand meet familiar opponents Pakistan at spin-friendly Premadasa
-
Latest News4 days agoTariffs ruling is major blow to Trump’s second-term agenda
-
Latest News4 days agoECB push back at Pakistan ‘shadow-ban’ reports ahead of Hundred auction
