Connect with us

News

Opposition to vote against debt restructuring plan

Published

on

By Saman Indrajith

Most opposition political parties yesterday vowed to defeat the government’s proposed debt restructuring plan when Parliament convenes today at 9.30 a.m.Secretary General of the Parliament, Kushani Rohanadeera said she informed all Members about the meeting, according to the instructions of Speaker Mahinda Yapa Abeywardena. The Speaker has also issued a Gazette Extraordinary on 27 June announcing the meeting, in accordance with the Standing Orders No. 16 of the House, she said.

Opposition leader, Sajith Premadasa said that the government’s agreement with the IMF was a bad one and that President Ranil Wickremesinghe had demonstrated that he did not have the required acumen to deal with international organisations.

“The government has lied about the domestic debt restructuring from the beginning. Initially, it said there would be no such thing. Then, it said the pension funds would not be adversely affected. How can we have any trust in the government’s domestic debt restructuring proposals?”

SJB MP Nalin Bandara said his party had decided to vote against the government’s proposal because it did not agree with the manner in which the government handled negotiations with the IMF.

“We don’t agree with the proposals for domestic debt restructuring. We will join hands with other parties to defeat it,” he said.

Tamil National Alliance (TNA) MP Shanakiyan Rasamanickam also accused the domestic debt restructuring as a plot to misuse EPF and ETF pension funds. 2.5 million private sector workers depended on those pension funds, he said.

“One third of the real value of pension funds has been lost due to inflation. Now, debt restructuring will affect the pension funds more. All 225 MPs must take the side of the people in Parliament today,” he said.

Meanwhile, TNA MP M.A. Sumanthiran told journalists on Thursday night that the party was not happy with the domestic debt restructuring proposals as they would have a detrimental impact on the EPF and ETF.

“The government said it won’t touch these pension funds. It has lied to us. We can’t support such a proposal,” he said.The JVP has also said it would vote against the government’s plan.



Latest News

Indian Prime Minister Shri Narendra Modi concludes State Visit to Sri Lanka

Published

on

By

Indian Prime Minister Shri Narendra Modi departed today (06) from Air Force Base Anuradhapura concluding his State visit to Sri Lanka. The Indian Premier embarked on a tour to Sri Lanka at the  invitation from President Anura Kumara Disanayake.

This visit underscores the enduring relationship encapsulated by the theme “Friendship of Centuries, Commitment to a Prosperous Future,” further solidifying the bonds between India and Sri Lanka.

This marks Prime Minister Modi’s  fourth visit to Sri Lanka, which has further enhanced the economic, cultural, and historical relations between the two nations, while also reinforcing their multifaceted partnership. This visit by the Indian Prime Minister reinforces Sri Lanka’s important role in India’s “Neighbourhood First Policy” and ‘MAHASAGAR’ vision concerning diplomatic relations.

This state visit is anticipated to yield significant results on various collaborative initiatives, fostering a path towards mutual growth and development. The citizens of Sri Lanka will soon be able to witness the fruitful outcomes of these partnerships, and Indian Prime Minister Shri Narendra Modi’s visit will mark a significant milestone in the government’s pursuit of sustainable development focused on the needs of the people.

Accompanying Indian Prime Minister Modi were Indian External Affairs Minister Dr. S. Jaishankar, National Security Advisor Ajit Doval, Foreign Secretary Vikram Misri and a delegation of senior officials from the Indian government.

[PMD]

Continue Reading

Latest News

President Dissanayake and Indian PM Modi jointly commission upgraded Maho-Omanthai railway line & Maho-Anuradhapura railway signalling system

Published

on

By

The upgraded Maho–Omanthai railway line and the newly installed Maho–Anuradhapura railway signalling system were officially commissioned  by Indian Prime Minister Shri Narendra Modi and President Anura Kumara Disanayake today (06)

The Prime Minister of India is currently visiting Sri Lanka at the invitation of President Anura Kumara Disanayake, reinforcing the longstanding bond encapsulated in the theme “Friendship of Centuries Commitment to a Prosperous Future” between the two nations.

Highlighting one of the key aspects of this visit, the two leaders participated in these inaugural ceremonies. The President and the Prime Minister of India jointly unveiled the commemorative plaque and commissioned  the railway line and signalling system.

The upgraded Maho-Omanthai Railway Line project was carried out with funding through the Indian Credit Line, totalling an investment of US$ 91.27 million.  The Maho–Anuradhapura railway signalling system, established as a result of President Disanayake’s recent visit to India, was funded by the Indian Government at a cost of USD 14.89 million.

[PMD]

 

Continue Reading

Latest News

Prime Minister Modi and President Dissanayake pay homage to the sacred Jaya Sri Maha Bodhi

Published

on

By

Indian Prime Minister Shri Narendra Modi, currently on a State visit to Sri Lanka, along with President Anura Kumara Disanayake paid homage to the sacred Jaya Sri Maha Bodhi in Anuradhapura this morning (06) and received blessings.

Following his visit to the sacred site, Prime Minister Modi proceeded to the Udamaluwa, where he met with the Chief Incumbent of the Atamasthanadhipathi and Chief Sanghanayake of Nuwarakalaviya, Most Venerable Dr. Pallegama Hemarathana Nayaka Thera, for a cordial discussion.

During the meeting, the Prime Minister shared that relics of the Buddha were discovered in excavations conducted in his home state of Gujarat during the 1960s. He further stated that he would discuss with the President of Sri Lanka the possibility of exhibiting these sacred relics in Sri Lanka.

Responding to a request made by the Atamasthanadhipathi to develop Bodh Gaya as a spiritual city, Prime Minister Modi assured that he would take the necessary steps after discussions with President Disanayake and work towards making it a reality.

The Maha Sangha, led by the Atamasthanadhipathi, chanted Seth Pirith and invoked blessings on the Indian Prime Minister.

The Indian Prime Minister also left a commemorative note in the special guest book at the site. In addition, he formally declared open the newly constructed ‘Makara Thorana’ within the Jaya Sri Maha Bodhi premises.

The occasion was also attended by Chief Incumbent of the Ruwanweli Maha Seya Temple Ven. Ethalawetunawewe Gnanathilaka Thera and other Atamasthana Viharadhipathi Theras, Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath, Minister of Trade, Commerce, Food Security and Cooperative Development, Wasantha Samarasinghe, Minister of Health and Mass Media Dr. Nalinda Jayatissa, North Central Province Governor Wasantha Jinadasa, Indian High Commissioner Santosh Jha and others.

[PMD]

Continue Reading

Trending