News
Govt. under fire for insufficient fund allocation for industries
By Saman Indrajith
The government had allocated only eight billion rupees for capital expenditure of the Ministry of Industries, SJB MP Buddhika Pathirana said in Parliament on Wednesday.
“The government talks about food security. But only six billion rupees has been allocated for the Ministry of Food Security. The government has allocated a pittance to these important ministries and talented individuals have been sidelined,” he said.
MP Pathirana said that the government must first formulate policies to develop industries, ensure food security and promote exports.
“President Ranil Wickremesighe is a former a minister of industries. He was not able to come up with an industrial policy. I tried to formulate one but we lost the election in 2019. Nothing has happened since then.Minister of Trade, Commerce and Food Security, Nalin Fernando said that Sathosa was also facing issues due to increased interest rates.
“Sathosa has been a burden to the Treasury for a while, but we have been addressing the issue. We look at the prices in supermarkets and mark our prices accordingly. We sell essential commodities at discounted prices,” he said.
Approval of the Cabinet of Ministers was granted to the preparation of the Appropriation Bill for the financial year of 2027 at their meeting held on 30.06.2026.
Accordingly, clearance of the Attorney General has been given to the Appropriation Bill prepared by the Legal Draftsman.
Therefore, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to publish the aforementioned draft bill in the government gazette notification and thereby submit the same to the Parliament for its concurrence.
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Cabinet approves aditional Rs. 2,500 million to the Paddy Marketing Board to purchase 2026 Yala harvest
The Cabinet of Ministers has approved the resolution furnished by the Minister of Agriculture, Livestock, Land and Irrigation to provide an additional Rs. 2,500 million to the Paddy Marketing Board on a reimbursable basis from the Rs. 7,500 million additional allocations granted to the Ministry to implement
the expedited paddy purchasing program for the 2026 Yala harvest.
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Cabinet nod to host the 8th Asian Regional Conference of the Commonwealth Parliamentary Association and the 3rd Joint Asian and South-East Asian Regional Conference of the Commonwealth Parliamentary Association
The 8th Asian Regional Conference of the Commonwealth Parliamentary Association (CPA) and the 3rd Joint Asian and South-East Asian Regional Conference of the CPA are planned to be held over three days in Colombo during April/May 2027.
Approximately 90 delegates including speakers, Deputy Speakers, Member of Parliamentarians, and Parliamentary officers representing member countries of the Commonwealth Parliamentary Association, in the Asian and South-East Asian regions, are expected to participate in these conferences.
The Cabinet of Ministers has approved the resolution furnished by the Prime Minister of the Parliament of Sri Lanka to host the said conferences considering the opportunities to strengthen parliamentary diplomacy and regional cooperation, as well as to enhance international recognition of the Parliament of Sri Lanka within the Commonwealth Parliamentary Association.
Draft of the Appropriation Bill for the Financial Year 2027 su mitted to the Parliament
Cabinet approves aditional Rs. 2,500 million to the Paddy Marketing Board to purchase 2026 Yala harvest
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