News
Cabraal to get cabinet-status and privileges, pension in limbo
BY SANATH NANAYAKKARE
President Gotabaya Rajapaksa would soon elevate the ranking of the Central Bank Governor to be on par with a cabinet minister, Governor Ajith Nivard Cabraal said at the ‘Salakuna’ talk show telecast by Hiru TV recently.
When presenter Chamuditha Samarawickrame asked if this has not been done yet, Cabraal replied, “No, It will be done soon.”
“The issue here is: where really is the Central Bank Governor positioned in terms of precedence? In the near future it will be equated to that of a cabinet minister together with privileges attached and I would be given that rank,” he said.
When the program presenters pointed out that the General Secretary of the Sri Lanka Podujana Peramuna, MP Sagara Kariyawasam had stressed that cabinet rank/ status would not be given to the Central Bank Governor, Cabraal responded: “He said so before I insisted on that. Not after.”
“The post of Central Bank Governor has to be in some order of precedence. At one time the Governor was on par with a cabinet minister. It was later changed for some reason and the president would act to re-establish its previous status,” he said.
However, he said that the elevated Governor’s position would not entail the powers of a cabinet minister and would only be placed on an equally important level.
“Given the current internal and external economic volatility and pressures, President Rajapaksa insisted on my assuming that responsibility. I was functioning as a state minister and performing my duties with great satisfaction; but if the country needs my services again as CB Governor, I would fulfill those duties with equal enthusiasm.
“The President would have thought that with my past experience and performance at the Central Bank, I would be able to help bring economic and price stability and enable growth through proper policy advocacy,” he said.
In response to a question which has become a political hot potato, the Governor said that he was not getting a pension as he is working at the Central Bank again.
“When I first assumed the post at the Central Bank in 2006, I didn’t think of a pension. Nor did I worry about my salary. I didn’t get a duty-free vehicle either because I had those things. I worked for a salary of Rs. 70,000 per month. Can you imagine a chartered accountant with a 33-year experience in top management roles in leading organizations working for a mere Rs. 70,000?,” he asked.
“In fact, I applied for pension four years after I left the office of Governor in January 2015. Any other person would have done so the following day. Former Governor Coomaraswamy informed me that the request would be taken up with the then President’s Secretary and after some time I got a letter of rejection.
“I just left the matter there without making any noise about it. Last Governor Prof. W.D. Lakshman would have acted on a pension scheme and I saw in the newspapers that a pension would be paid. If the President’s Secretary has approved a pension, I can take it. I thought I should get what I am entitled to.
“Governor Lakshman worked at the Central Bank for two years and when he gets a pension, others also should get it. I worked at the Bank for nine years. He can’t be paid without my being paid,” he said.
During Prof. W.D. Lakshman’s tenure as Governor from November 2019 to September 2021, the Monetary Board approved pensions with arrears for several former governors including Cabraal irrespective of the lengths of their tenure.
Under the new scheme, all Governors will be eligible for pensions regardless of their service periods, despite other public sector employees requiring at least 10 years of service to qualify for a pension. The only exceptions are Members of Parliament who get a pension after five years.
According to media reports at the time, the Monetary Board’s decision followed requests from the then State Minister of Finance, Capital Markets and State Enterprise Reforms, Ajith Nivard Cabraal.
However, Cabraal told Hiru TV that he had asked for it just once.
When asked if former governor Arjuna Mahendran would also be entitled to a pension, he said “If there is a disciplinary inquiry against someone and if there is suspicion, there is room for his pension not to be paid.”
News
CEB trade unions hint at stringent industrial action after talks fail
Trade unions of the Ceylon Electricity Board (CEB), backed by the powerful Ceylon Electricity Board Engineers’ Union, have warned of accelerated trade union action following the collapse of crucial discussions held on Monday (16) with the CEB Chairman, who also serves as Secretary to the Ministry of Power and Energy.
The issue is expected to take centre stage at today’s press conference, with unions signalling that a token strike, possibly a 12-hour countrywide action, could be staged next week unless authorities urgently intervene.
The meeting earlier this week ended without what union representatives described as any “positive or constructive outcome.”
Trade union leaders expressed disappointment that their key concerns had not been substantively addressed during discussions with the Chairman.
At the heart of the dispute is the unions’ demand for a collective agreement in accordance with Section 18(j) of the Sri Lanka Electricity Act No. 36 of 2024. Trade union representatives maintain that the law provides for structured engagement between management and employees and that a formal collective agreement is necessary to ensure transparency and industrial stability within the institution.
The unions also submitted what they termed a reasonable proposal to safeguard the CEB Employees’ Provident Fund (EPF), voicing concerns over the long-term security of workers’ retirement benefits.
However, according to trade union sources, those proposals were not adequately taken up during the discussions.
A senior electrical engineer told The Island that further internal consultations were being held to decide the next course of action. “There is growing frustration among employees. The issues raised are fundamental and relate directly to statutory compliance and the financial security of staff,” he said.
The Island learns that unless there is meaningful engagement from the authorities, the proposed token strike could mark the beginning of more stringent industrial action.
Energy sector observers warn that any escalation of trade union unrest at the CEB could have serious implications for the country’s power sector stability at a critical time.Further developments are expected following today’s media briefing.
By Ifham Nizam
News
PM reveals allowances and perks available to MPs
Prime Minister Dr. Harini Amarasuriya yesterday (19) revealed allowances and benefits provided to Members of Parliament at present.She did so while responding to a question raised by Samagi Jana Balawegaya MP Chaminda Wijesiri.
According to the disclosure:
An MP receives a monthly allowance of Rs. 54,285, with an entertainment allowance of Rs. 1,000 per month.
Driver allowance is Rs. 3,500 per month; however, if the MP is provided with a driver by the Ministry of Public Security and Parliamentary Affairs, no driver allowance is paid.
Telephone allowance is Rs. 50,000, while transport allowance is Rs. 15,000 per month.
Office allowance amounts to Rs. 100,000.
MPs attending parliamentary sessions receive Rs. 2,500 per day, while Rs. 2,500 per day are given for MPs attending committee meetings on non-sitting days.
Meanwhile, Members of Parliament also receive a fuel allowance based on the distance from their elected district to Parliament.
For national list MPs, this is calculated as 419.76 liters of diesel per month, paid at the approved market rate on the first day of each month.Dr. Amarasuriya also emphasised that these allowances are structured to cover official duties and transportation costs.
News
CID expresses regret to Natasha; IGP to issue guidelines on ICCPR arrests
Former OIC of the Cyber Crime Investigation and Intelligence Analysis Unit of the CID, M.M.U. Subhasinghe, yesterday expressed his regret in writing to civil activist and comedian Natasha Edirisooriya at the Supreme Court regarding her arrest under the International Covenant on Civil and Political Rights (ICCPR) Act.
The Attorney General’s Department, appearing on behalf of the respondents, informed the court that the IGP would issue a set of guidelines via a circular to all police officers to prevent unlawful arrests under this Act in the future. It was further noted that the circular would be issued within two weeks, and the petitioner, Natasha Edirisooriya, has examined and agreed to these guidelines.
These submissions were made yesterday before a three-judge bench of the Supreme Court, led by Chief Justice Preethi Padman Surasena, during the hearing of the Fundamental Rights (FR) petition filed by Edirisooriya challenging her unlawful arrest.
Following these developments, the court ordered the respondents to inform the court via a motion within two weeks of issuing the IGP’s circular and ordered the conclusion of the case proceedings.
Natasha Edirisooriya was present in open court yesterday. Addressing her, Chief Justice Surasena stated that the court appreciates the manner in which the legal proceedings were brought to a conclusion.
The letter expressing regret stated: “As the arresting officer, considering the totality of circumstances, I wish to express deep regret to you for the arrest on 27th May 2023 and your incarceration in remand custody till 5th July 2023 consequent thereto. I also extend my deep regret regarding the damage that may have been caused to your reputation and dignity, and mental and emotional trauma caused by the arrest and incarceration.”
The respondents agreed to express this regret and issue the circular based on the specific conditions put forward by Edirisooriya in consultation with her counsel Suren Fernando and the legal team.
By AJA Abeynayake
-
Life style5 days agoMarriot new GM Suranga
-
Business4 days agoMinistry of Brands to launch Sri Lanka’s first off-price retail destination
-
Features5 days agoMonks’ march, in America and Sri Lanka
-
Features5 days agoThe Rise of Takaichi
-
Features5 days agoWetlands of Sri Lanka:
-
News5 days agoThailand to recruit 10,000 Lankans under new labour pact
-
News5 days agoMassive Sangha confab to address alleged injustices against monks
-
News3 days agoIMF MD here
