News
Keheliya’s petition and bail appeal: Court of Appeal decision on Aug. 9
The Court of Appeal will deliver its decision on August 09 in respect of the petition filed by former Minister Keheliya Rambukwella, seeking an order to invalidate the Maligakanda Magistrate’s order remanding him until the end of the trial over the alleged procurement of fake cancer drugs.
The court will also address his bail application on the same date. This decision was previously expected to be delivered on August 01.
The CID arrested Rambukwella on February 02 over his alleged complicity in the procurement of substandard IVIG vials.
In October 2023, the National Medicines Regulatory Authority (NMRA) disclosed that forged documents had been submitted for Customs clearance to procure a batch of vials containing human immunoglobulin, an antibody produced by blood plasma cells, which later failed the quality tests.
Prior to the apprehension of Rambukwella, seven arrests had been made in connection with the drug procurement scam. But the fifth accused was later released on bail.
As such, the former Health Secretary, the Director of the Health Ministry’s Medical Supplies Division (MSD) and three other officials of the same division, as well as the owner of the company, which is said to have supplied the substandard batch of immunoglobulin vials, are in remand custody.
Meanwhile, one of the suspects who was arrested and remanded in connection with the case was released on bail when the case was previously taken up on May 06.
Accordingly, the former Deputy Director of the Medical Supplies Division of the Health Ministry, Dr. Thusitha Sudarshana had been released on bail.
On July 25, the Court of Appeal ordered the Maligakanda
Magistrate’s Court to release on bail the former Director of the Health Ministry’s Medical Supplies Division, Dr. Kapila Wickramanayake, who was also in remand custody.
The Court of Appeal had issued the order to the Maligakanda Magistrate’s Court to release Dr. Wickramanayake under suitable bail conditions, after considering a writ petition filed by his attorneys.
News
Amendment of the Inland Revenue Act No. 24 of 2017
Approval of the Cabinet of Ministers has been granted at their meeting held on 19.05.2025 in order to introduce amendments to the Inland Revenue Act No. 24 of 2017 including the proposed tax revisions to enhance the tax structure paving way for state financial integrity based on revenue.
Accordingly, the revised draft bill has been prepared by the legal draftsman and clearance of the Attorney General has been received.
Therefore, the Cabinet of Ministers has granted approval for
the resolution furnished by the President in his capacity as the Minister of Finance, Policy Planning and Economic Development to publish the aforementioned draft bill in the government gazette notification and subsequently, forward the same to the Parliament for its concurrence.
News
Cabinet nod for “National Mineral Policy” – 2026
The National Mineral Policy was prepared for the first time in the year 1999, and the aforementioned policy has been amended in 2023 to cover matters such as preparing an updated data system related to mineral resources, adding value to the export of minerals, encouraging mineral-related industrialists, extracting mineral resources and managing the environment sustainably, and resolving the issues related to the ownership of the land arising in extracting mineral resources.
The revised National Mineral Policy has been reupdated in line with the manifesto “A Sustainable Resource Utilization – Generation of the Highest Benefit” under the policy statement of the current government” A Thriving Nation – A Beautiful Life.”
Accordingly, the Cabinet of Ministers has approved the resolution presented by the Minister of Industries and
Entrepreneurship to implement the so-formulated “National Mineral Policy—2026.”
Latest News
Twelve sentenced to death by Gampaha High Court
The Gampaha High Court has sentenced Twelve (12) individuals to death over the 2022 murder of former Polonnaruwa District Member of Parliament Amarakeerthi Athukorala and his security officer.
-
Features4 days agoMy experience in turning around the Merchant Bank of Sri Lanka (MBSL) – Episode 3
-
Business5 days agoZone24x7 enters 2026 with strong momentum, reinforcing its role as an enterprise AI and automation partner
-
Business4 days agoRemotely conducted Business Forum in Paris attracts reputed French companies
-
Business4 days agoFour runs, a thousand dreams: How a small-town school bowled its way into the record books
-
Business4 days agoComBank and Hayleys Mobility redefine sustainable mobility with flexible leasing solutions
-
Business19 hours agoAutodoc 360 relocates to reinforce commitment to premium auto care
-
Business5 days agoHNB recognized among Top 10 Best Employers of 2025 at the EFC National Best Employer Awards
-
Editorial7 days agoAll’s not well that ends well?
