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Bill presented to make Central Bank independent

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The Central Bank of Sri Lanka Bill was presented to the Parliament, on Tuesday (07), by the Leader of the House Susil Premajayantha.

According to the new Bill, the autonomy of the Central Bank shall be respected at all times and no person or entity shall cause any influence on the Governor of the Central Bank or other members of the Governing Board, and Monetary Policy Board, or employees of the Central Bank in the exercise, performance and discharge of their powers, duties and functions, under this Act, or interfere with the activities of the Central Bank.

Thee Bill entails that the primary object of the Central Bank shall be to achieve and maintain domestic price stability.

In addition, a ‘Board of Governors’ will be established to supervise the administration and management of the affairs of the Central Bank and to decide the general policies of the Central Bank. other than monetary policy.

Its chairman shall be the Governor of the Central Bank, and six members, with expertise, will be appointed to it.(SI)



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Cooperative Employees Commission Act No. 12 of 1972 to be amended

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Considering the compliance of the Cooperative Societies’ operations with the concurrent socio – economic circumstances as well as the changes in the common law, the requirement of amending the Cooperative Employees Commission Act No. 12 of 1972 has been recognized.

A fundamental draft including proposed amendments based on the experience gained by that Commission as well as the opinions and proposals of Cooperative societies, their director board members, cooperative employees and other interested parties has been prepared.

Accordingly, the Cabinet of Ministers granted approval to the resolution furnished by the Minister of Trade, Commerce, Food Security and Cooperative development to provide instructions to the Legal draftsman to prepare a draft bill to amend the Cooperative Employees Commission Act No. 12 0f 1972, based on the said fundamental draft.

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Dilki Wathsala Marambage appointed as Director General of the Department of Technical Education and Training

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The Cabinet of Ministers granted approval to the proposal forwarded by the Prime Minister in her capacity as the Minister of Education, Higher Education and Vocational Education to appoint Mrs. Dilki Wathsala Marambage to the post of Director General of the Department of Technical Education and Training.

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Declaration of Naakolagane Sanctuary under the Fauna and Flora Protection Ordinance

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Nearly 1,500 acres of land in the Galgamuwa Divisional Secretariat Division of the Kurunegala District, have been used by a number of private businesses for economic crop cultivation, mineral extraction, and excavation of  soil.

Several environmental organizations had filed a petition before the Supreme Court requesting the suspention of the activities, stating that environmental damages have been caused due to the forest clearings carried out there and that the human-elephant conflict in the North Western Province has been aggravated.

In delivering its judgment regarding the said petition, the Supreme Court has ordered that the entire area, including residual forest parts, incorporating the extent of 55 hectares of lands cleared in that manner, should be declared as a sanctuary or an elephant management reserve under Section 2(2) of the Fauna and Flora Protection Ordinance.

According to the said order, a joint survey conducted by the Survey Department and the Department of Wildlife Conservation has identified an extent of 682 hectares of land to
be declared as a wildlife sanctuary.

Accordingly, with the agreement of the Irrigation Department, the Cabinet has approved the resolution furnished by the Minister of Environment to declare the said land area of  682 hectares as the Naakolagane Sanctuary under the provisions of the Fauna and Flora Protection Ordinance, incorporating the maximum water limit of the nearby Palukadawala Tank.

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