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NARA hits back at Justice Minister, alleges Navy making bid to take over its functions

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Jt. Secretary of Scientists Association, NARA, Nilupa Samarakoon addressing the media

By Shamindra Ferdinando

The National Aquatic Resources Research and Development Agency (NARA) yesterday (07) denied accusations that the premier marine research institute continued to cause massive loss of revenue to the government due to its failure to achieve key responsibility in preparing Electronic Navigation Charts (ENC)/hydrographic maps to be sold to foreign vessels passing through Sri Lankan waters.

NARA maintains that there is absolutely no basis for the allegations made by Justice Minister Dr. Wijeyadasa Rajapakshe, PC, recently.

Addressing the media on behalf of NARA at its head office at Crow Island, Mattakkuliya, President of the Scientists Association, NARA, Upul Liyanage, its Jt. Secretary Nilupa Samarakoon and D.V.S. P. Bandara of the Technology Transfer Division alleged attempts were being made by interested parties to establish another setup similar to NARA at the expense of an institution that served the country for well over two decades.

They appreciated the initial assistance provided by Germany, beginning in 1986, to facilitate NARA ‘operations.’

The NARA is the apex national institute vested with the responsibility of carrying out research, development and management of aquatic resources. The agency comes under the purview of Fisheries Minister Douglas Devananda.

Among the allegations directed at NARA pertained to the utilization of funds received for services provided to foreign parties and lack of commitment to meet the challenging tasks.

The Justice Minister said the National Hydrographic Bill had been submitted to the Parliament to enable the country to receive full benefits of ensuring safe passage of foreign vessels passing through local waters.

However, NARA alleged that the proposed Bill was meant to weaken NARA to pave the way for the Navy to take over the operation. Repeatedly asked why NARA opposed the Bill, the state enterprise insisted that it couldn’t give reasons as the Supreme Court had been moved by the Scientists Association.

Responding to queries, NARA emphasized that Minister Rajapakshe’s claims that Sri Lanka could earn as much as USD 200 mn annually (or Rs 65 bn) if the Navy took over the job didn’t hold water.

Commenting on accusations pertaining to misappropriation of public funds, NARA said that the agency used to receive Rs 20 m annually though that was now down to Rs 1.5 mn. Declaring that NARA hadn’t been found fault by State Audit under any circumstances, they urged the government to provide the required support and help overcome whatever shortcomings.

Reference was also made to the joint Indo-Sri Lanka hydrographic survey undertaken sometime back. NARA declined to answer questions on various projections made by the Navy while repeatedly pointing out that financial gains couldn’t often match massive investments made by the government.

NARA said that contrary to accusations the agency always managed to meet the country’s requirements over the years. There hadn’t been a single instance of the country having to bring in outside expertise as NARA met the requirements. Unfortunately now attempts were being made to tarnish NARA’s image to such an extent both local and foreign parties would lose their confidence in the agency.

NARA acknowledged that they worked with the Navy and since 2019 the only research vessel it owned was manned by the Navy.

NARA said that the agency had been severely perturbed by the move to enact a new Bill amidst heavy onslaught by interested parties.



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Report on the Final Budgetary Condition (Annual Report) – 2025 submited to parliament

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As per the provisions of section 51 of the Public Finance Managaement Act No. 44 of 2024, the public should be issued with a report on the final budgetary situation for each year and, the report is then published in the official website of the Ministry of Finance, Planning and Economic Development.

Thereby the report has to be submitted to the Parliament. The final budgetary situation report (Annual Report) – 2025 has been prepared by the Ministry of Finance, Planning and Economic Development and published. The report contains the Public Finance Policy, strategies and challenges, economic trends in 2025, macro – economic and socio – economic indicators covering all sectors of the economy as well as description on the global economic growth.

Furthermore, it accompanies a detailed description government revenue and expenditure, cash flow management, financing the budget deficit and the loan structure.

Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to submit the Report on the Final Budgetary Condition (Annual Report) – 2025 to Parliament.

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Cabinet nod to accept increased Loan Grant provided by the Asian Development Bank under Policy Based Loan Facilities – 2026

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Approval of the Cabinet of Ministers was granted at their meeting held on 16.03.2026 to obtain United States Dollars 380 million from the policy – based loan facilities of the Asian Development Bank in the year 2026.

United States Dollars 100 million out of it is allocated for Trade, Investment and Industries Development Programme – Sub Programme 1. However, amidst the economic uncertainty resulting from the current Middle East crisis and the climatic tragedies, the Asian Development Bank has agreed to assist
by increasing a supplementary financing package of United States Dollars 100 million so that it will beMincreased up to United States Dollars 200 million.

Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to take further measures to obtain the said loan grant.

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Submission of Revenue Protection Order Prepared under the Provisions of the Revenue Protection Act No. 19 of 1962 to the Parliament for its approval.

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Approval of the Cabinet of Ministers was given at the meeting held on 23.02.2026 to impose the custom import duty amounts under four (04) categories as 0%, 10%, 20%, and 30% which had been executed only under three (03) categories in order to increase the target export income of the country, to execute the
recommendations of the national customs duty policies committee, and to implement new national sub division customs codes for promoting the local agricultural and industrial sector.

Imposing provisions in relation to the above, the Revenue Protection Order – No. 01/2026 under the Revenue Protection Act No. 19 of 1962 has been published in the extraordinary gazette notification No. 2478/03 of 03.03.2026.

Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to submit the said revenue protection order to Parliament for its concurrence.

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