News
Microfinance and Credit Regulatory Authority Bill: TISL files petition in SC
Transparency International Sri Lanka (TISL) last week petitioned the Supreme Court, challenging the ‘Microfinance and Credit Regulatory Authority Bill’. It has artgued that the Bill fails to address or introduce a fit scheme sufficiently to enable the regulation of the extortive and predatory practices that microfinance lenders engage in at the grassroots levels.
The Bill was on the Order Paper of Parliament on 9 January, 2024. TISL has argued in the Petition (SC SD 14/2024) that the Bill does not conform to the principles of reasonableness, proportionality, natural justice, separation of powers and legal certainty as required, and is thus violative of Article 83 of the Constitution as read with Article 3 and 4 of the Constitution.
The extortive and predatory practices faced by victimized customers/borrowers of microfinance schemes, among others include, sextortion/soliciting of sexual bribes, physical, mental, and emotional harassment and intimidation, and the application of extortive interest rates in the granting of loans.
The Petition states that the Bill fails to adequately regulate all entities that engage in microfinance activities in a manner that would address the pervasive issues that have adversely plagued the sector.
The Petition points out that the Bill excludes certain entities that dominate the microfinance industry, such as licensed commercial banks or licensed specialised banks, licensed finance companies, registered leasing establishments, etc.
TISL has further noted in the Petition that the provisions in the Bill grant undue sole discretion to the subject Minister by allowing the Minister to specify persons who may carry out moneylending without a license from the Microfinance and Credit Authority, and grant exemptions to a class or category of transactions.
It further states that Clause 65 of the Bill attempts to create an information-concealing regime that is in complete violation of Article 14A of the Constitution from which the Right to Information Act No. 12 of 2016 flows.Therefore, the Petition requests the Supreme Court to determine that the Bill, as a whole or in part, is inconsistent with the Constitution.
News
Child abuse crisis: 108,000 complaints reported in 10 years
More than 108,000 complaints of child abuse had been received by the National Child Protection Authority (NCPA) between 2015 and 2025, Women and Child Affairs Minister Saroja Savithri Paulraj told Parliament yesterday.
Responding to a question raised by Opposition Leader Sajith Premadasa under Standing Order 27/2, the Minister said 4,421 child abuse cases were pending before High Courts as of April 30 this year, with indictments already filed against the accused.
She said the NCPA was working with 47 Police Child and Women Protection Bureaus under the Police Children and Women Abuse Prevention Division to expedite the hearing and conclusion of these cases.
The Minister said measures were also being taken to protect child victims during legal proceedings by introducing a system to record their evidence through video in a safe and child-friendly environment, thereby reducing the need for them to appear in court.
She said discussions were underway with the Ministries of Health and Mass Media and other relevant institutions to establish nine provincial video evidence recording units.
by Saman Indrajith ✍️
News
CA dismisses writ petition seeking postponement of A/L exam
The Court of Appeal yesterday dismissed a writ petition seeking to postpone the 2026 G.C.E. A/L Examination by two months.
The petition, filed by a group of students due to sit the examination for the first and second time, sought an order delaying the examination, which is scheduled to commence next month.
The Court announced its decision after considering submissions made in support of the application and declined to grant leave to proceed with the petition.
As a result, the 2026 G.C.E. Advanced Level Examination will be held as scheduled in August.
News
Bimal’s remarks on MP’s conduct spark heated exchange in Parliament
Leader of the House and Minister Bimal Rathnayake yesterday criticised the conduct of MP Archchuna Ramanathan in Parliament, describing the behaviour of certain lawmakers as “uncivilised, disgraceful and indecent”, while a heated exchange followed between government and opposition members.
Rathnayake made the remarks when Ramanathan attempted to raise a point of order during parliamentary proceedings.
“This parliament has one or two members who behave in a very uncivilised, disgraceful manner. We tolerate them because one of them is mentally ill,” Rathnayake said.
He alleged that Ramanathan had insulted even members of the Tamil community.
“The things he says may not be heard through the microphone, but the four walls of this Parliament are witnesses,” Rathnayake said, adding that Ramanathan’s conduct was not limited to Parliament.
He claimed that the Jaffna District Coordinating Committee meeting could not be held due to Ramanathan’s behaviour and said MP Gajendrakumar Ponnambalam had written to the Speaker stating that he could not sit near him.
The Speaker intervened during the exchange, warning Ramanathan not to behave in a manner that would turn Parliament into “a joke”. He also said the MP had previously addressed him in an insulting manner.
Opposition Leader Sajith Premadasa criticised the manner in which Rathnayake and the Speaker had addressed the matter, saying MPs should not be spoken to improperly and urging members to follow parliamentary Standing Orders.
Ramanathan, responding to the remarks, said: “I may be a psycho, but I am not a homosexual.”
by Saman Indrajith ✍️
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