News
Allegations on Cabraal backdating his increments
By Saman Indrajith
Former Governor to the Central Bank Ajith Nivard Cabraal increased his salary from Rs 150,000 to Rs 400,000 per month and made adjustments to make the monthly pension for that post and took away with him some seven million rupees as salary arrears by backdating the stipulation introduced by him, parliament was told last Tuesday.
Puttalam District SJB MP Niroshan Perera alleged that Cabraal had obtained seven million rupees as arrears to his salary by backdating the increment of monthly salary for the Central Bank governor’s post and demanded to know whether the government would stop paying the pension to Cabraal whose name was among the officials found responsible for the collapse of the national economy by the Supreme Court.
“I have a question about former governors of the Central Bank. The police are still on the lookout for Arjuna Mahendran. There are charges against W.D. Lakshman and Ajith Nivard Cabraal for ruining the national economy. We have been informed that Ajith Nivard Cabraal introduced a new salary scheme by increasing the amount of salary for the post of Governor from Rs 150,000 to Rs 400,000. He also introduced a new pension scheme where a retired governor would get 74 percent of the monthly salary that he was receiving at the time of retirement. It is said that he had obtained a sum of Rs 7 million as pension arrears. Now there is a Supreme Court ruling against him. We want to know whether the government would continue to pay their pensions,” Perera said.
State Minister of Finance Shehan Semasinghe called on the MP to submit his query in the form of a formal question so that the government would give a detailed answer after making necessary inquiries.
Latest News
Concessionary priced food packages for new ‘Aswesuma’ applicants from 01st to 13th April
In keeping with the proposal by the President in his 2025 budget, for the provision of a package essential goods at a concessionary price during the Sinhala and Tamil New Year Festival season, it has been planned to provide a food package containing essential food items valued at Rs. 5000/- for only Rs. 2,500/-.
It is expected to select appropriate beneficiaries from among the 812,753 candidates who have submitted new applications for Aswesuma benefits.
Accordingly, the Cabinet of Ministers approved the proposal furnished by the Minister of Trade, Commerce, Food Security and Cooperative Development jointly with the Minister of Agriculture, Livestock, Lands and Irrigation to take necessary steps to provide the food package to the beneficiaries through the Lanka Sathosa outlet network and COOPFED outlets from 01.04.2025 to 13.04.2025
The Cabinet of Ministers have decided as follows considering the resolutions submitted by the President in his capacity as the Minister of Finance, Plan Implementation and Economic Development along with the Minister of Public Administration, Provincial Councils and Local Governments on payment of salaries according to the revised salary scales with effect from 01.04.2025 based on the resolution furnished by the President for revising the salaries of government service by the budget 2025;
• To empower the Secretary to the Ministry of Public Administration, Provincial Councils and Local Governments to issue circular instructions to the the secretaries of all the Ministries, Local Government Secretaries and Heads of Departments in regard to salary revisions of the government service.
• To empower the Secretary to the Ministry of Finance, Plan Implementation and Economic Development to issue circular instructions for state corporations, statutory boards and fully government owned companies and other institutions.
Approval of the Cabinet of Ministers has been granted to amend the Companies Act No. 07 of 2007 for remedying the shortcomings related to the transparency according to the international standards for prevention of money laundering, financing terrorism and other illegal activities.
Accordingly, the draft bill prepared by the Legal Draftsman has been revised as per instructions provided by the Attorney General subject to the special decision of the Supreme Court No. SC/SD/92/2024 and clearance of the Attorney General has been granted for the final draft bill prepared by the Legal Draftsman.
The Cabinet of Ministers granted approval to the resolution furnished by the Minister of Trade, Commerce, Food Safety and Cooperative Development to publish the aforementioned draft bill in the government gazette notification and subsequently submit to the Parliament for its concurrence.
Concessionary priced food packages for new ‘Aswesuma’ applicants from 01st to 13th April
Salary revision of the Government Service – 2025
Amendment of the Companies Act No. 07 of 2007 to be Gazetted
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