Connect with us

Business

President instructs to rehabilitate 5,000 tanks immediately

Published

on

President Gotabaya Rajapaksa directed relevant authorities to rehabilitate 5,000 tanks scattered across the island following a mechanism combining ancient technology and modern scientific methods. In parallel to this initiative the “National Food Production Contribution Programme” covering 120,000 abandoned paddy lands will also be launched.

Tanks will be rehabilitated under “Wari Saubhagya” programme. The assistance of Civil Defence Force will be secured to expedite the project.

The proposed programme was reviewed in length during the meeting to discuss future activities of the State Ministry of Development of Rural Paddy Fields and Associated Tanks, Reservoirs and Irrigation held at the Presidential Secretariat. “A project to rehabilitate tanks was carried out earlier too. It came under strong criticism by the experts as well as the public. This is due to the fact that despite dredging of tanks, ancient techniques and scientific methods of water retention were not used. Such shortcoming should be avoided and rehabilitation should proceed in a manner specific to each area and tank under a common criterion”, President said.

The capacity of tanks has been reduced due to their silting. There is large number of tanks with breached banks. The chairman of the Presidential Task Force on Economic Revival Basil Rajapaksa pointed out the necessity of rehabilitating such tanks targeting Maha season. President Rajapaksa highlighted the possibility of using tank water not only for paddy cultivation but also to meet the needs for drinking water and irrigation requirements. The Departments of Land Use and Agriculture have jointly conducted a survey on the pattern of agricultural land use depending on the irrigation system. Based on its findings, plans are afoot to cultivate 17 identified crops in the intermediate and inter seasons supported by satisfactory water management system. Rehabilitation of tanks should be carried out while preserving their related industries.It is imperative that the project should be implemented in conjunction with affiliated organizations and Farmers’ Societies. President Rajapaksa instructed to renovate the irrigation system including canals and dams in parallel with the project to rehabilitate tanks. During the meeting attention was focused on the requirement of expediting “Uthuru Meda Maha Ela” and “Wyamba Ela” projects planned with the objective to supply irrigation and drinking water. Under this programme 80,000 hectares fed by 1500 tanks in North Central and North Western Provinces will be cultivated.

The necessity to include the irrigation systems of the island and all the forest reservoirs neighboring rivers in a gazette notification was among the topics discussed at the meeting.

President Rajapaksa also instructed the officials to rapidly renovate 500 small tanks located within reserves for the benefit of wild animals. A one year programme will be implemented to achieve this objective jointly by the Irrigation Department, Wild Life and Forest Conservation Department.

During this meeting special attention was drawn to the need of promptly filling the vacancies that exist in certain cadres such as Engineer and Technical Officer in the field of irrigation for a long period of time. The progress of the ‘ Taruna Govi Saubhagya, Kabanika Govipala’ programme initiated with the aim of directing young entrepreneurs to use organic fertilizers for agricultural activities, was reviewed at this meeting. The project has been designed covering 5,000 acres from the Maduru Oya right bank. It was agreed to provide all the necessary infrastructure facilities for the project. Minister Chamal Rajapaksa, State Minister Anuradha Jayaratne, Head of the Presidential Task Force on Economic Revival Basil Rajapaksa, Secretary to the President, P.B. Jayasundera, officials of the Cabinet and state ministries and line institutes and representatives of the Farmers’ Associations were present at the discussion.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

LOLC Al-Falaah unveils pioneering Wadi’ah Gold-Storage Facility with multiple customer benefits

Published

on

Sri Lanka’s most awarded and trusted Alternate Financial services brand, LOLC Al-Falaah recently unveiled their ground-breaking new product – the Wadi’ah Gold Loan Facility. This is the 1st time a Finance company in Sri Lanka is offering this facility. Al-Falaah Wadi’ah is a unique gold storage option offered to Al-Falaah’s valued customer base. All gold articles are tested for quality and authenticity using state-of-the art equipment by the company’s experienced staff without causing any damage to the jewellery. A unique ‘Gold Storage Certificate’ with the description of articles, including weight, quality and quantity along with the market value will be issued to the customer when obtaining this facility.

Speaking about the new product, Mr. Shiraz Refai, Deputy General Manager of LOLC Al-Falaah said, “Gold is a favourite investment option at all levels within the concentrated community. The metal is usually pawned, sold or exchanged when in need of cash. As the conventional Pawning options and Gold Loan offering has limitations to cater to the specific needs, as well as contradict with certain beliefs of the community, a concept acceptable and practiced in the industry is introduced by LOLC’s Alternate Financial Services Unit to its valued customer segment”.

Accordingly, a unique feature has been introduced to the Al-Falaah Wadi’ah Gold Storage facility offering the Customer the benefit of obtaining an interest-free maximum Cash-Advance in the industry at zero mark-up against the gold storage certificate value for any emergencies. In addition, for the convenience of the customers, the Gold storage facility period is extended from 3, 6 and 12 months without any requirement for a deposit and the custodial fees are comparatively competitive. The stored gold articles will also be offered a free Takaful cover with a reassurance of highest safety and security.

The Al-Falaah Wadi’ah gold storage facility will be initially available at selected branches including Wellawatta, Akkaraipattu, Kalmunai, Pottuvil, Grandpass, Maradana, Mawanella, Matara, Nawalapitiya and Negombo. Al-Falaah aims to make the facility available across all LOLC Finance branches and dedicated Al-Falaah centers island-wide by the end of the 1st quarter of 2021.

Commenting on the new Al-Falaah Wadi’ah Gold loan facility, Nishantha Jayasekera, Chief Manager, SME Unit & Head of Gold Loan Business of LOLC Finance said, “The main aim of this facility is to give financial-access to the grass-root level clients who do not have direct access to banking & finance, but require small cash advances to develop daily businesses and self-employment. Through this product and its value added features, we hope to cover all segments of the population”.

Continue Reading

Business

LANKATILES donates high-end ventilator to Colombo North Teaching Hospital

Published

on

A Rs. 4.3 million ventilator has been donated to the Coronary Care Unit of the Colombo North Teaching Hospital, Ragama, by LANKATILES, the country’s leading tile manufacturer.

The machine was described as a high-end, world-class piece of equipment suitable for all patient groups.

Present at the official hand-over were Mr Mahendra Jayasekera, Managing Director of Lanka Walltiles PLC and Lanka Tiles PLC, Dr. S. P. A. Liyanage Ranaweera, Director of Colombo North Teaching Hospital, and Dr. Sanjeewa Rajapakse, Consultant Cardiologist of the hospital.

At a time when state-of-the-art equipment is urgently needed to contain the COVID-19 pandemic, LANKATILES reaffirmed its commitment to help frontline hospital staff in their efforts at reducing the spread of the virus and easing patient numbers.

The company said this was a commitment it is ready to stand by at all times in the interests of the country.

 

 

Continue Reading

Business

Sampath Bank hosts Central Bank’s ‘MatarataQR’ event to promote QR code use

Published

on

Matara, April 3rd, 2021: Sampath Bank PLC recently hosted the Central Bank of Sri Lanka’s (CBSL) MatarataQR event, in a bid to drive awareness and increase acceptance and usage of LANKAQR, the common Quick Response (QR) code standard for the country that was introduced in 2020.

Encouraging consumers to adopt the use of QR codes in their day-to-day transactions, the event was held at the Sanath Jayasuriya Grounds in Matara under the patronage of the Chief Guest, Dullas Alahapperuma, Minister of Power and Guest of Honour, D. Kumaratunga, Director – Payments and Settlements, Central Bank of Sri Lanka; along with senior officials from the CBSL, other commercial banks and financial institutions. Sampath Bank was represented by Nanda Fernando – Managing Director; Tharaka Ranwala – Senior DGM – Operations / Group Chief Marketing Officer and Ajith Salgado – Group Chief Information Officer.

At the event, the Bank actively promoted its ‘WePay’ mobile wallet which helped attract more customers while also onboarding new merchants. A 25% cash back was on offer for payments at over 200 merchants in Matara on the day, made via the LANKAQR enabled WePay digital mobile payment app.

“We are very proud to partner with the Central Bank to host this event that will highlight the safety, convenience and speed of getting onboard the LANKAQR payment standard to the people of Matara. These benefits, coupled with the advanced digital banking solutions offered by Sampath Bank, make it a simple choice to migrate to digital payment technology and we warmly invite the merchants in Matara to come experience the benefits of adopting this new method of payments,” said Nanda Fernando, Managing Director, Sampath Bank PLC.

Sampath Bank is a 100% local bank that has deeply rooted itself in the lives of the people of Sri Lanka. Established in 1987, the bank has become a state-of-the-art financial institution that continues to be a market leader today thanks to its constant innovation and customer focused approach to business. It has introduced many firsts to the Sri Lankan banking sector including introducing ATMs to Sri Lanka, extended banking hours and slip-less banking to name a few. The Bank is steadily transforming itself into a ‘tech company engaged in banking,’ from the traditional approach of a bank engaged in technology.

Continue Reading

Trending