News
Capacity-building training for CBSL officials in India
A group of 25 officials of the Central Bank of Sri Lanka officers, recently participated in a capacity-building programme at Reserve Bank Staff College, Chennai.
The Indian High Commission spokesperson said: “The week-long training programme was designed to equip central banking officials with contemporary insights into financial innovation, systemic resilience, and the internationalisation of currencies. It combines theoretical frameworks with practical case studies, global experiences, and interactive sessions to foster strategic understanding and policy readiness.
The programme was organised pursuant to the announcement made by Prime Minister of India Narendra Modi, during his visit to Sri Lanka in April 2025, under which India committed to offering 700 customised training slots annually for Sri Lankan professionals.
The programme enhanced understanding of emerging technologies and their impact on central banking, strategic insights into reserve management and currency internationalisation, exposure to global best practices in payment systems and fintech regulation and it also provided networking opportunities with peers and experts.
The programme contributed meaningfully to strengthening professional competencies, promoting knowledge exchange, and deepening institutional and government-to-government linkages in the financial sector between India and Sri Lanka, reflecting the shared commitment of both countries to capacity building and people-centric economic cooperation.”
The Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to instruct the Legal Draftsman to prepare a draft bill to amend the State Mortgage and Investment Bank Law No. 13 of 1975
By Cabinet decision dated 2025-12-01, policy approval was granted to amend the definition of the term “animal” in the Animals Act No. 29 of 1958 by including, pigs, goats, and sheep, in addition to cattle and buffaloes, within the interpretation section of the act.
In accordance with the said approval, the Legal Draftsman has drafted an Amended Bill in all three languages, and the clearance of the Attorney General has also been obtained.
Accordingly, the Cabinet of Ministers has approved the
resolution furnished by the Minister of Agriculture, Livestock, Land and Irrigation to publish the draft Amendment Bill in the Government Gazette and thereafter to submit the same to the Parliament for its concurrence.
News
Cabinet approves establishment of a ‘Trust’ to carry out the management of the Jaffna Thiruvalluvar Cultural Centre
The Jaffna Thiruvalluvar Cultural Centre, comprising 11 floors, has been constructed with the assistance of the Government of India with the objective of serving as a hub for cultural activities in Sri Lanka and expanding bilateral cooperation for the promotion, preservation, and fostering the cultural heritage of Jaffna.
In accordance with the approval granted at the Cabinet meeting held on 2022-02-21, a Joint Management Committee has been appointed to make decisions relating to the affairs of the said cultural centre, in terms of the Memorandum of Understanding signed for the operation of the Jaffna Thiruvalluvar Cultural Centre.
According to the provisions of the aforementioned MOU, upon completion of the construction of the project, the cultural centre should be transferred to the Jaffna Municipal Council through the Government of Sri Lanka.
Following such transfer, the relevant parties have reached an agreement to establish a ‘trust’ for carrying out the management activities of the centre. The Attorney General’s clearance has been received for the draft trust deed prepared for that purpose.
Accordingly, the Cabinet of Ministers has approved the resolution furnished by the Minister of Buddhasasana, Religious and Cultural Affairs to establish the trust to continue the management activities of the Jaffna Thiruvalluvar Cultural Centre
State Mortgage and Investment Bank Law No. 13 of 1975 to be amended
Animals Act No. 29 of 1958 amended
Cabinet approves establishment of a ‘Trust’ to carry out the management of the Jaffna Thiruvalluvar Cultural Centre
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