Latest News
No water tariff hike this year – Minister of Water Supply
Minister of Water Supply and Estate Infrastructure Development Jeevan Thondaman, addressing media at the Presidential Media Centre (PMC) today (24) reiterated that there won’t be another water tariff hike this year and a water tariff formula would be introduced in January 2024.
He added that the National Water Supply and Drainage Board and the Asian Development Bank were jointly working on a cost recovery formula as part of the governments policy based sub programme I which would bring in $100 million to the centralized budget upon completion and another $100 million upon completion of sub programme II
Business
Cabinet nod to celebrate centenary of Tea Research Institute from 9th November to 14th November 2025
The Cabinet of Ministers has approved the proposal presented by the Minister of Plantation and Community Infrastructure Facilities to hold the 26th Session of the Intergovernmental Group on Tea of the Food and Agriculture Organization of the United Nations and the 4th Annual Meeting of the Asian Tea Alliance to commemorate the Centenary Anniversary of the Tea Research Institute in Colombo from 9th November to 14th November in 2025 and to take necessary steps in that respect.
Latest News
Cabinet green light to establish the Aircraft Accident Investigation Bureau of Sri Lanka (AAIBSL)
The Cabinet of Ministers granted approval to the resolution furnished by the Minister of Transport, Highways, Ports ad Civil Aviation to prepare the relevant draft bill to establish the Aircraft Accident Investigation Bureau of Sri Lanka (AAIBSL) in accordance with the Civil Aviation Authority of Sri Lanka Act No. 34 of 2002
As proposed in the budget speech for the year 2025, the government has decided to implement a special fixed deposit scheme for senior citizens.
Accordingly, the Cabinet of Ministers granted approval to the proposal submitted by the President in his office as the Minister of Finance, Plan Implementation and Economic Development to implement the proposed special fixed deposit scheme as follows:
• To implement this scheme for fixed deposits opened within the period from 01.07.2025 to 31.12.2025 by Sri Lankan citizens of age 60 years or more.
• The period of the fixed deposit is 12 months (one year) and, the maximum deposit value is rupees one million.
• Payment of the higher value from the value when a 3% of additional annual amount to the average weighted fixed deposits rate (AWFDR) or the value when a 3% addition is made to the declared fixed deposit interest rate.
• Allocation of rupees 30 billion for payment of interest relief for this whole programme
Cabinet nod to celebrate centenary of Tea Research Institute from 9th November to 14th November 2025
Cabinet green light to establish the Aircraft Accident Investigation Bureau of Sri Lanka (AAIBSL)
Protection of Rights of Elders Act No. 9 of 2000 to be amended
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