News
Indian Foreign Secretary at new Lanka IOC product launch in Trinco
Amidst continuing controversy over the Trincomalee oil tank farm, Indian Foreign Secretary Harsh Vardhan Shringla attended the launch of Lanka IOC’s latest product at its Trincomalee Lube Plant recently.
Among those present were High Commissioner of India to Sri Lanka Gopal Bagley and senior officials from Ministry of External Affairs, Govt. of India and the High Commission of India to Sri Lanka.
Manoj Gupta, MD, LIOC launched Servo Pride ALT 15W40 at Trincomalee Lube Plant. As per the mandate of Sri Lanka Standards Institute to improve the lubricant grades to environmental friendly API CH level from the existing CF level within a deadline of 01.10. 2021, Lanka IOC has developed Servo Pride ALT 15W40, a multi-grade Diesel Engine Oil which meets API CH4 specification and is approved by American Petroleum Institute (API).
Lanka IOC said in statement: “The new and improved formulation is set to take the market on a first mover advantage. Servo Pride ALT 15W40 is a high performance long drain environment friendly Diesel Engine Oil recommended for all Diesel Engine Vehicles. It has got unique features such as excellent engine cleanliness, maximum protection of engine from wear and deposits, outstanding control on oil thickening. Based on credentials, leading OEMs have approved this product both for initial fill as well as aftermarket. Product is available in the market with pack size of 1 Lit, 5 Lit, 20 Lit, and 210 Lit at competitive price. The high performance diesel engine oil shall be instrumental for enabling a cleaner and greener tomorrow.”
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Concessionary priced food packages for new ‘Aswesuma’ applicants from 01st to 13th April
In keeping with the proposal by the President in his 2025 budget, for the provision of a package essential goods at a concessionary price during the Sinhala and Tamil New Year Festival season, it has been planned to provide a food package containing essential food items valued at Rs. 5000/- for only Rs. 2,500/-.
It is expected to select appropriate beneficiaries from among the 812,753 candidates who have submitted new applications for Aswesuma benefits.
Accordingly, the Cabinet of Ministers approved the proposal furnished by the Minister of Trade, Commerce, Food Security and Cooperative Development jointly with the Minister of Agriculture, Livestock, Lands and Irrigation to take necessary steps to provide the food package to the beneficiaries through the Lanka Sathosa outlet network and COOPFED outlets from 01.04.2025 to 13.04.2025
The Cabinet of Ministers have decided as follows considering the resolutions submitted by the President in his capacity as the Minister of Finance, Plan Implementation and Economic Development along with the Minister of Public Administration, Provincial Councils and Local Governments on payment of salaries according to the revised salary scales with effect from 01.04.2025 based on the resolution furnished by the President for revising the salaries of government service by the budget 2025;
• To empower the Secretary to the Ministry of Public Administration, Provincial Councils and Local Governments to issue circular instructions to the the secretaries of all the Ministries, Local Government Secretaries and Heads of Departments in regard to salary revisions of the government service.
• To empower the Secretary to the Ministry of Finance, Plan Implementation and Economic Development to issue circular instructions for state corporations, statutory boards and fully government owned companies and other institutions.
Approval of the Cabinet of Ministers has been granted to amend the Companies Act No. 07 of 2007 for remedying the shortcomings related to the transparency according to the international standards for prevention of money laundering, financing terrorism and other illegal activities.
Accordingly, the draft bill prepared by the Legal Draftsman has been revised as per instructions provided by the Attorney General subject to the special decision of the Supreme Court No. SC/SD/92/2024 and clearance of the Attorney General has been granted for the final draft bill prepared by the Legal Draftsman.
The Cabinet of Ministers granted approval to the resolution furnished by the Minister of Trade, Commerce, Food Safety and Cooperative Development to publish the aforementioned draft bill in the government gazette notification and subsequently submit to the Parliament for its concurrence.
Concessionary priced food packages for new ‘Aswesuma’ applicants from 01st to 13th April
Salary revision of the Government Service – 2025
Amendment of the Companies Act No. 07 of 2007 to be Gazetted
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