News
No funds for paying gratuity to retiring public servants
By Saman Indrajith
There was a delay in releasing funds for the payment of gratuity to retiring government employees due to the current economic crisis and a large number of persons had been placed awaiting list, Director General of Pensions Jagath D. Dias told the Ministerial Consultative Committee on Public Administration.
“All payments up to January 2022 have been made. The Treasury has agreed to release the money required for payments from January 2022 up to the end of the year,” he said.
The Director General of Pensions added that due to the lowering of the retirement age to 60 years, they would receive a large number of new pension applications after 31 December 2022. He said that a special programme has been prepared to provide the basic pension to all of them, promptly.
Attention was also directed to solve the problems of employees who have worked for a long time in local government institutions. Steps will be taken to appoint a special committee to recommend further measures, State Minister of Provincial Councils and Local Government, Janaka Wakkumbura said.
Meanwhile Prime Minister Dinesh Gunawardena has given instructions to officials that the annual reports of the public institutions, which are often delayed, should be submitted to the Parliament on time. It was also decided to inform all government institutions to submit delayed reports to the Parliament as soon as possible.
The Prime Minister’s plan to convert a number of Urban Councils into Municipal Councils was also discussed at the meeting. Member of Parliament Mano Ganesan requested to increase the divisional secretariats in the Nuwara Eliya district. The Ministry officials agreed to discuss this matter and report the matter to the committee.
State Minister of Home Affairs Ashoka Priyantha, State Ministers Shantha Bandara, Indika Anuruddha, Anupa Pasqual and Committee Members Ranjith Madduma Bandara, J. C. Alawathuwala, Jayantha Ketagoda, Sudath Manjula, Members of Parliament Mano Ganesan, Chandima Weerakkody, Yadamini Gunawardena, H. M. M. Harees, Rohana Bandara, Madhura Withanage, Charles Nirmalanathan, Gunathilaka Rajapaksha, officials representing the Ministry and affiliated institutions were also present at this committee meeting.
News
Amendment of the Inland Revenue Act No. 24 of 2017
Approval of the Cabinet of Ministers has been granted at their meeting held on 19.05.2025 in order to introduce amendments to the Inland Revenue Act No. 24 of 2017 including the proposed tax revisions to enhance the tax structure paving way for state financial integrity based on revenue.
Accordingly, the revised draft bill has been prepared by the legal draftsman and clearance of the Attorney General has been received.
Therefore, the Cabinet of Ministers has granted approval for
the resolution furnished by the President in his capacity as the Minister of Finance, Policy Planning and Economic Development to publish the aforementioned draft bill in the government gazette notification and subsequently, forward the same to the Parliament for its concurrence.
News
Cabinet nod for “National Mineral Policy” – 2026
The National Mineral Policy was prepared for the first time in the year 1999, and the aforementioned policy has been amended in 2023 to cover matters such as preparing an updated data system related to mineral resources, adding value to the export of minerals, encouraging mineral-related industrialists, extracting mineral resources and managing the environment sustainably, and resolving the issues related to the ownership of the land arising in extracting mineral resources.
The revised National Mineral Policy has been reupdated in line with the manifesto “A Sustainable Resource Utilization – Generation of the Highest Benefit” under the policy statement of the current government” A Thriving Nation – A Beautiful Life.”
Accordingly, the Cabinet of Ministers has approved the resolution presented by the Minister of Industries and
Entrepreneurship to implement the so-formulated “National Mineral Policy—2026.”
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