News
Cabraal promises short-term roadmap soon
By Sanath Nanayakkare
The Central Bank would soon announce a policy package in the form of a short-term roadmap to provide clarity with regard to the movement of Sri Lanka’s macro-economic fundamentals, Central Bank Governor Ajith Nivard Cabraal said after taking office yesterday for the second time.
“The Central Bank’s first and urgent priority on my watch will be to provide clarity with regard to the movement of Sri Lanka’s macro-economic fundamentals in the desired path and thereby ensure stability in the financial sector. Towards that goal, the Central Bank will need to take the required steps that will reflect its own commitment towards that objective, and will therefore soon announce a policy package in the form of a short-term Road Map that could then be followed by all stakeholders.”
Cabraal said he was extremely privileged to lead the Central Bank once again and was humbled by the trust and confidence reposed in him by the President, Prime Minister and Finance Minister to take up the responsibility.
He also appreciated the good wishes that he had received from thousands of “our countrymen”. See full story on Financial Review on Page 8.
In the wake of prevailing inclement weather in several areas in the Western and Sabaragamuwa Provinces, the Sri Lanka Navy on 04th June 2023 mobilized 04 relief teams to Bulathsinhala, Baduraliya, Lathpandura and Kalawana areas to extend flood relief to affected communities.
As a result, the Navy relief teams were able to assist a group of school children who were stranded in the Lathpandura area of Baduraliya, Kalutara district, due to flash floods and provided a boat service to transport the students who were scheduled to sit for the G.C.E. Ordinary Level examination.
The Pakistan Naval Ship (PNS) Shahjahan which arrived in Colombo on 02nd June 2023 on a two-day official visit, departed the island on 04th June 2023.
By Priyan de Silva
The Election Commission (ECSL) has opposed a move by the government to appoint representatives of the Chairpersons of the Regional Development Committee to monitor local government institutions.
ECSL Chairman Nimal G. Punchihewa told The Island that the government had informed the ECSL of its plan to appoint representatives of the Chairpersons of the Regional Development Committee to monitor the local government bodies and the ECSL had decided to write to the Ministry of Local Government opposing the move, he said. A Chairman of a regional development committee ESD a representative of a particular political party and it would be unfair by other parties for such appointments to be made, the EC Chairman said.
Punchihewa said that the administration of local government institutions could be done through Municipal Commissioners and Divisional Secretaries.Many political parties had complained against the government move, he said.
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