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New Finance Minister needs good advisors

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Basil Rajapaksa

 

We have got a new Finance Minister who has a formidable task ahead of him. I guess his task would have been less strenuous if his predecessor had good advisers. I do not propose to take more space on details, since a respected retired senior public servant G.A.D. Sirimal, has spelt out lucidly why the country is in economic shambles in your esteemed journal of 12 July. 

When the day dawns for Finance Minister Basil Rajapaksa to face the hustings again, his strategy can be different if he jettisons two advisers who stand indicted in the public minds as those responsible for not performing their tasks with self-respect. They certainly did not advise with the interests of the country at heart, instead played ball for survival. The latest to join this duo is a doctor, who dabbles in many activities outside his chosen field. Hardly anyone of worth has a good word for him, as he misleads even the members of a noble profession by using them.

A document has gone viral about the credentials of the Ministers of Finance of the region, and I am sure the new incumbent who may not possess the academic clout of those in the news, will be able to succeed if he engages new proven technocrats as advisers to guide him.My thoughts raced to a man who fortunately is still with us, and adorned that coveted position with much respect and acceptance worldwide. He accepted the invitation extended by the first Minister of Finance of independent Sri Lanka in 1948. In 1977, after JR’s landslide victory, he appointed a brilliant man as the Minister of Finance and he presented 11 budgets.We had the privilege to know him and his gracious wife, sadly no more, and had a cordial relationship all the way.

He is fortunately still with us agile, and with a clear mind though past 90.Two senior public servants who happened to be family friends both now gone to the great beyond, mentioned what I state below hence it’s not hearsay. They are Ronnie Weerakoon and Nissanka Fernando.  Nissanka was his Personal Assistant, while Ronnie was the Director of External Resources to the best of my recollection. The two stories I mention below will show the quality of the man and the standing he had in financial circles worldwide.1. Nissanka mentioned to me how he had been summoned one day and the dressing down he received for his failure to ensure that The Wall Street Journal was not on his table when he came to office. He was told in no uncertain terms “Nissanka, I have told you to ensure that The Wall Street Journal is on my table when I reach office. I do not need any of you if I have that for me to plan my day.”I know many in this day and age will not know what this journal is and its value to anyone dabbling in finance.

They will be happy to use other people’s walls to plaster their slogans. 2. Ronnie Weerakoon mentioned how he accompanied the Minister of Finance to the US for some conference. While in the US he was requested to reach the World Bank and arrange an appointment with the President. Ronnie had reached the Secretary and was advised that his diary was full for two weeks and that it was impossible. However, she had assured him that she would try, having mentioned the name and credentials of the person wanting to meet him for a short time as his stay in the US was for a short time.

Lo and behold, the response had been amazing and Ronnie was given an appointment for the following day. The Minister was pleased as punch, and both had called on Robert McNamara, if my memory serves me right. The time given was 15 minutes and he was ushered in while Ronnie was seated outside enjoying a cup of tea.The meeting lasted over an hour, and the Minister was over the moon. Subsequently, Ronnie had learnt that Robert M was so impressed with the Minister as his knowledge of finance was monumental, and  the discussion had been of immense benefit to the country.

Having said that, I truly lament how politicians out of greed for power sacrificed the interests of  the country and destroyed education. Nelson Mandela is reported to have said that the only way to ruin a country was to destroy education.

As the great LKY said, Sri Lanka auctioned unavailable assets and also instead of welding communities used religion and communalism for their advancement.

The new Finance Minister will get a honoured place if he acts with good advice from equipped technocrats, and jettison  persons who played ball to butter their bread without guiding politicians who were clueless on finance. If they had acted with honour. ignoring their  greed for positions and perks, perhaps the history of the country would have been different.

In winding up, may I remind all who contributed to the current impasse, an apt French proverb since nothing is permanent.‘There is no pillow as soft as a Clear Conscience’.

 

SENIOR CITIZEN

Colombo



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Opinion

When Susanthika did Lanka proud

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As in certain offices, in banks too there are restricted areas for outsiders and staff members who are not attached to the relevant divisions. The Treasury Department of any bank consists of three different sections; the front office, middle office and back office. The front office is commonly known as the Dealing (Trading) Room, with strict limitations to those present. It can also be used as a television viewing place, with the availability of all channels, both local and foreign.

The day, September 28, 2000, was an exceptional day as a few breathtaking moments were witnessed within our dealing room at HNB, as history was made by a courageous and determined, petite Lankan damsel in a faraway country. That was the day our Athletic Heroin, Susanthika Jayasinghe, competed in the Sydney Olympics in the 200 meters finals. Knowing the enthusiasm and fervour, that other staff members too share, to witness the event live, with the consent of my boss, Senior DGM Treasury, Gamini Karunaratne, I kept the doors of the Dealing Room wide open for others too to watch the event. As the ‘auspicious’ time approached the dealing room started getting packed. Finally, it was not only ‘house full’ but ‘overflowing’.

Maintaining the tradition, the ‘visitors’ were silent except for a slight murmur. Gradually, the murmuring diminished as the time approached. The track was quite visible to all of us. For the women’s 200 meters sprint event, there were eight competitors with Marion Jones of the USA as the hot favourite, and Cathy Freeman of Australia, the two athletes many of us knew.

As the much-anticipated event commenced, there was dead silence for about 20+ seconds and then the uproar of ecstasy erupted, along with tears of joy in all gathered, as our Golden Girl became the bronze medal winner, just a mere 0.01 seconds behind the second-placed Pauline Davis of Bahamas.

That was a monumental day for all sports loving Sri Lankans, after Duncan White’s 400 meters silver medal in the 1948 London Olympics, M. J. M. Lafir becoming the World Amateur Billiards Champion in 1973, and Arjuna’s golden boys bringing home the Cricket World Cup in 1996, beating the much-fancied Aussies.

As treasury dealers, while at work, we have witnessed all-important local and world events as and when they happened, thanks to the advanced media paraphernalia in dealing rooms of the banks.

Coming back to Olympics, for seven years everything was rosy for Marian Jones (MJ), but when she pleaded guilty to using steroids, she received international opprobrium and was stripped of all five Olympic medals she won in Sydney, Australia. After the belated disqualification of MJ, our heroine Susanthika was adjudged the Olympic silver medallist of the 200 meters event in the 2000 Sydney Olympics, with Pauline Davis as the gold medallist.

So it is after 52 years that Sri Lanka was lucky enough to have won another Olympic medal. Thanks to the sheer determination of our golden girl Susanthika and her numerous supporters, she was able to achieve this spectacular honour, amidst many obstacles. She was the first Asian to have won an Olympic or a world championship medal in a sprint event. The 21st anniversary of her tremendous feat falls on September 28.

Thank you, Madam Susie, for bringing honour to the country, and being an inspiration to the younger generations of budding athletes.

LALITH FERNANDO

Panadura

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Opinion

Give teachers and principals their due

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Why didn’t the Education Minister and the Secretary pay due attention to the fair voices of the most vulnerable and largest service sector of this country, at the initial stage, making the alliance of teacher-principal trade unions proceed to street protests, which started in the absence of any positive gesture from the Ministry of Education? That is how the present state of chaos originated.

The prolonged online teaching strike has kept the younger generation of all school-going children in darkness, and their right to learn has been deprived of. Blaming the teachers is not the solution. What is required is the right solution at the time of need. The unions are demanding the implementation of the Subodhini Committee report, plus the Cabinet subcommittee proposals, in a gazette notification. It is more sensible for the government to respond to this final flexible stance of the unions, rather than prolonging the issue with temporary solutions.

The strikers of the teacher-principal unions are not ready to give in to the temporary sugar candy sachet which is a pretty ridiculous joke, a consolation allowance to dodge the crux of the problem. Plastering or patching up the situation by offering an allowance of Rs. 5000 for three months is a shame to the teacher community. Such an allowance should be allocated for COVID-19 affected people of low-income or refugees in flood-affected regions.

What could have been broken with the nail was allowed to grow to the extent that it couldn’t be crushed even with an axe. Successive governments disregarded the demands of teachers and principals, treating them as nonentities; although the ungrateful present-day politicians rose to their present high positions because their bright lives were designed, brain powers sharpened and heads enlightened by teachers.

Although all teachers are not saints, the majority of our teachers are worthy of veneration. They are the architects of nation-building. They must have sufficient pay for a decent living, commensurate with the commitments and their toil. With an ungratified mentality, they may be unenthusiastic to discharge duties. Under such circumstances, the process of nation-building will collapse. So far, they have been doing yeoman’s service but they can’t continue to do so amidst the rising cost of living and unfavourable living conditions. When the salaries of all other employee categories have been brought to a satisfactory level, why does the government not heed to their demand?

In response to the mounting pressure from the teacher-principal trade union strike, the government appointed a cabinet subcommittee to produce another report to solve the problem; but it turned out to be a futile attempt, akin to changing the pillow as a treatment to the headache, wasting the valuable time of both parties. Such a committee should comprise experts from the education field, not from the lobby with the loquacious MPs who are in the habit of suspending and postponing everything until the next budget. On the other hand, what is the need for piling up further committee reports, when there is already a much-quoted and assumed fairly balanced Subodhini Committee report, which has been formulated by a panel of members comprising a former minister, four additional secretaries, and the accountant of the Ministry of Education.

True that the government is in dire straits with financial difficulties, but that is not a sound reason to postpone this issue. If so, why should the government introduce new megaprojects, such as 200 city beautification programmes, import of luxury vehicles for MPs and walking tracks, which are not critical requirements. The problem of teacher salary anomalies could be solved by holding such long term, not so urgent schemes.

The proposed four-phased payment of the salary increments is a nice way of circumventing serious demands of trade unions and yet another fairy tale. It is a way of escaping the main responsibility.

To illustrate this point, let us take the case of the state employees who retired between January 2016 and December 2020. All government employees including judges, ministry secretaries, directors, doctors, nurses, police and armed forces personnel, and mind you, a former director-general of the Pensions Department, was entitled to a revised salary increment system in five stages starting in 2016, and final amalgamation of all increments, due to be paid with effect from January 2020. The salary increment rates are clearly stated in the pension award letter issued by the Director-General of the Department of Pensions, which is a legal document to confirm the claim.

The present government unreasonably cancelled the (2016-2019) pensioners amalgamated salary increment of five stages, by the circular 35/2019(1) dated 20.01.2020 following a cabinet decision. More than 100,000 pensioners have been victimised and deprived of their fundamental right of the salary and sad to say, nearly 1819 pensioners have already died without getting their increments. But the government so adamantly refused to pay up and adopted a slippery policy with various cock and bull stories.

The basis for the development of a country is the education system, spearheaded by the formidable workforce of teachers hailing from Aristotle and Disapamok. All of the so-called thriving politicians; garrulous speakers who look down upon teacher communities; professionals, academics, philosophers, entrepreneurs, scholars, scientists, inventors, artists, all of these are the intellectual outputs of the dedicated energies of humble teachers who never gave priority to building highrise palaces for their self-indulgence and luxurious lives. Not to let it happen again and again, they deserve to be freed from this muddle of salary anomalies at this critical moment.

Finally, a word about the mediation of the Prelates of Malwatta and Asgiriya Chapters, who are urging the alliance of the teacher-principal trade unions to give the strike up , and restart online teaching. May I appeal to the venerable prelates to be fair to all. Could you, in your respected designations, kindly convey the same message to the government, asking why it is not taking an initiative to resolve this burning issue, by issuing a circular or gazette notification, without postponing it off further, for the sake of the innocent school children?

M.B. NAVARATHNE

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Opinion

Ivermectin for COVID-19 management

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Prof Saroj Jayasinghe’s candid view, published in The Island of September 17, 2021, on Ivermectin use, both in treatment and prevention of COVID-19, has been based on scientific analysis of multiple meta-analyses on the subject. Therefore, his educated opinion must be viewed with great positivity.

Quite correctly, a doctor has to make decisions in good faith in an emergency situation, where any delay in the commencement of treatment could be disastrous. In a life-threatening condition, the treating doctor has no time to wait and waste until the evidence is available scientifically. Instead, the doctor has to make a decision using his clinical acumen and experience in order to save the life of the patient under his or her care.

Another example is: In an instance where an unconscious patient is brought to the accident and emergency department with life-threatening bleeding after an accident, the treating surgeon has no time to obtain the patient’s informed consent (usually a requirement before any surgical procedure), but to attend to (perform surgery on) the patient in all-good faith, in order to save the life. It may require even the amputation of a leg or hand.

Hence, treating a critically ill patient with Ivermectin is more than justified, particularly in the backdrop of the World Health Organization (WHO) declaring COVID-19 as a public health emergency. Further, under this context, the usage of Ivermectin in the prevention of COVID-19 is quite justified. Since no antiviral drug is available hitherto, its usage is further warranted.

As mentioned, Ivermectin is a time-tested and safe drug with no known serious side effects. The call for its usage in the management of and prevention of COVID-19 is time appropriate.

A veterinary surgeon, Prof Asoka Dangolle of the University of Peradeniya, has also expressed his opinion based on his experience with Ivermectin in mammals. In the current context, the world’s attitude is much in favour of the ‘One Health’ concept.

Therefore, in a helpless situation or pandemic of this nature, the consideration of the use of Ivermectin in all good faith is justifiable.

Prof ANANDA JAYASINGHE

Professor in Community Medicine

University of Peradeniya.

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