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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.”
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486 dead, 341 missing, 171,778 displaced as at 0600hrs today [05]
The situation report issued by the Disaster Management Center at 0600hrs today [5th December] confirms that 486 persons have died and another 341 persons are missing after the devastating weather conditions in the past week.
171,778 persons have been displaced and have taken refuge at 1,231 safety centers established by the government.

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Media slams govt.’s bid to use Emergency to silence critics
Media organisations have denounced Deputy Minister of Public Security and Parliamentary Affairs Sunil Watagala after he urged law enforcement authorities to use emergency regulations to take action against those posting allegedly defamatory content about the President and senior ministers on social media.
The Sri Lanka Working Journalists Association (SLWJA) yesterday issued a strongly worded statement condemning Watagala’s remarks, warning that they posed a direct threat to freedom of expression and media rights, particularly at a time when the country is struggling through a national disaster.
Watagala made the controversial comments on 2 December during a meeting at the Malabe Divisional Secretariat attended by government officials and Deputy Media Minister Dr. Kaushalya Ariyarathna. During the discussion, the Deputy Minister claimed that a coordinated effort was underway to spread distorted or false information about the disaster situation through physical means, social media, and even AI-generated content. He also alleged that individuals based overseas were contributing to such activity.
According to the SLWJA, Watagala went further, directing police officers present at the meeting to treat those posting such content “not merely as suspects but as offenders” and to take action against them under emergency regulations currently in force.
The SLWJA accused the government of abandoning the democratic principles it once campaigned on, noting that individuals who publicly championed free speech in the past were now attempting to clamp down on it. The association said this was not an isolated incident but part of a pattern of growing state pressure on journalists and media platforms over the past year.
It warned that attempts to criminalise commentary through emergency powers especially during a disaster constituted a grave violation of constitutional rights. The union urged the government to respect democratic freedoms and refrain from using disaster-related powers to silence criticism.
In a separate statement, Internet Media Action (IMA) also expressed “strong objection” to Watagala’s comments, describing them as a “serious threat to freedom of expression”, which it said is a fundamental right guaranteed to all Sri Lankan citizens.
The IMA said Watagala’s assertion that “malicious character assassination attacks” were being carried out against the President and others through social media or other media channels, and that such acts should attract severe punishment under emergency law, represented “an abuse of power”. The organisation also criticised the Deputy Minister’s claim that false opinions or misrepresentations whether physical, online, or generated by AI could not be permitted.
Using emergency regulations imposed for disaster management to suppress political criticism amounted to “theft of fundamental rights”, the statement said, adding that the move was aimed at deliberately restricting dissent and instilling fear among social media users.
“Criticism is not a crime,” the IMA said, warning that such rhetoric could lead to widespread intimidation and self-censorship among digital activists and ordinary citizens.
The group demanded that Watagala withdraw his statement unconditionally and insisted that freedom of expression cannot be curtailed under emergency laws or any other legal framework. It also called on the government to clarify its stance on the protection of fundamental rights amid increasing concerns from civil society.
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Cardinal calls for compassionate Christmas amid crisis
Archbishop of Colombo, Cardinal Malcolm Ranjith, has called on Sri Lankans to observe this Christmas with compassion and restraint, as the nation continues to recover from one of its worst natural disasters in recent memory.
In his message, the Colombo Archbishop has highlighted the scale of the crisis, noting that more than 1.5 million people have been displaced, while an “uncounted number” remain buried under debris in the hill country following landslides and severe flooding.
“It is a most painful situation,”
he has written acknowledging the difficulty of celebrating a season traditionally associated with joy while thousands are mourning lost loved ones, living in refugee centres, or left with nothing but the clothes they were wearing.
The Cardinal has urged the faithful to temper excessive celebrations and extravagance, instead focusing on helping those affected. “Celebrate, by all means, yes, but make it a moment of spiritual happiness and concern for the needs of those who suffer,” he said. “Assist as much as possible those who lost their loved ones, their homes, and their belongings.”
He has called for a Christmas marked by love, sharing, and solidarity, describing it as an opportunity to make the season “a deeply spiritual and joyful experience.”
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