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Sajith requests govt to increase Rs 5000 relief allowance

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By Saman Indrajith

Opposition Leader Sajith Premadasa yesterday (24) requested the government to increase the Rs. 5,000 relief allowance given to people in lockdown areas. He pointed out that the amount was not sufficient to cover monthly expenses of a family.

Making a special statement, Opposition Leader Premadasa said: “There are delays in distributing the Rs. 5,000 allowance to the low income families in lockeddown and isolated areas in Colombo. A Grama Niladhari can distribute the money only to 100 people a day because they do not have enough resources to do that. It is also said that the government would provide a basket of goods worth Rs. 10,000 worth each to the families under quarantine. But people in some areas allege that they have not yet received it. That is why the people in several areas staged protests on roads during the past few days.”

“Even in my election speeches I said that Rs. 5000 was not enough for a family and a family should be given at least Rs. 20,000 a month. Even for a family of two, at least Rs. 15,000 should be spent on meeting basic needs. Now, many people in locked down and isolated areas do not have any income. They have lost their jobs. So the government should grant them relief.”

Premadasa demanded to know whether the government was planning to enhance monetary relief. “How many families live in the locked down and isolated areas in Colombo? Does the government have a plan to provide reliefs to these people without any delay? How many families have got the monetary relief and essential goods packages at the moment? What are the steps you are planning to provide reliefs for people suffering from COVID-19 lockdowns in other Districts in the country?”

In response state Minister Shehan Semasinghe said that a detailed answer to Premadasa’s questions would be provided on Friday (27). “We will provide detailed answers for these questions on Friday. Our government will never let the people down. Until the answers are provided, I request Premadasa not to instigate the people.”

Opposition Leader Premadasa: “I do not instigate anyone. These are the real problems people are facing at the moment. It is sad that the government thinks that speaking about these things instigate the people.”

MP Semasinghe: “You were speaking about giving Rs. 20,000 to a family even during the election time. But people rejected you.”

Opposition Leader Premadasa: “I am glad that Semasinghe accepted that the government has no intention to increase the monetary relief. Thank you for that.”

MP Semasinghe: “Now, you are twisting what I said to mislead the people. I did not say that we would not increase relief. Ours is a responsible government. People voted for us because they believe we can protect them. We will not let them down.”



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SJB: Excise, FM officials all out to pocket Rs 1 bn

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By Saman Indrajith

Matara District SJB MP Buddhika Pathirana yesterday told Parliament that the Finance Ministry and Excise Department officials had misled Prime Minister Mahinda Rajapaksa and State Minister Ajith Nivard Cabraal in order to obtain billion rupees, fraudulently.

The officials had got a contract for printing stickers or barcodes to be displayed on bottles of liquor awarded to an Indian company.

“The project would result in one-billion-rupee loss to the government coffers annually,” the MP said, adding that the money being taken from the public purse would end up in the pockets of corrupt officials.

Pathirana said that the Excise Department had commenced a project to paste stickers on bottles of liquor to differentiate them from the fake and counterfeit bottles in the market.

“As per this project’s requirements, 32 million stickers would be needed per month. The stickers are to be purchased from Madras Security Printers company of India. This method was proposed in 2016 but it failed and the officials thereafter decided to introduce a barcode system.

“The cost of a sticker at 25 cents and the new barcode system will cost of two rupees a piece. This is a dubious deal. It seems that the Finance Ministry officials and the Excise Department heads have ganged up to give the contract to the Indian company and get commissions. There are many unanswered questions. First, the contract of printing the barcode too has been given to the MSP company, which could not secure the first contract. I want to know whether the proper procurement process has been followed. The second question is whether the barcodes would be up to the standards listed in the tender. Third question is who had selected the MSP company which is black-listed in India after being found guilty of frauds with Indian liquor companies in providing stickers to them. MSP has been blacklisted in many other countries. The company has been banned in Sudan and Liberia for supplying the stickers to private companies. The last question is whether this fraud is being committed with the knowledge of ministers of this government.”

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Reserves fall to lowest since 2009, rupee strengthening to be short-lived: report

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by Sanath Nanayakkare

Sri Lanka’s Foreign reserves had dropped to USD 4.1bn in March 2021, the lowest since August 2009, on the back of over US$ 4bn outstanding debt payment during April-December 2021 period, a report issued by First Capital Research yesterday said.

According to the report, rupee appreciation is likely to be short-lived considering Sri Lanka’s depleting foreign reserve position, high foreign currency debt repayment requirement and limited funding sources available in the market are expected to further increase depreciation pressure on the currency during 2Q and 3Q.

“We maintain our exchange rate target for 1H2021 at Rs. 196-202 with 2021 year-end target at Rs. 205-215 as mentioned in our ‘Investment Strategy 2021 – January 2021,” the report recalls.

“Sri Lankan rupee appreciated 5% against the US dollar over the last 2 market days reversing the continuous accelerated depreciation witnessed in January-April 2021. On 12th April, Sri Lankan rupee recorded a historical low of Rs. 201:1 US$. Ministry of Finance (MoF) reported on the same day that the government of Sri Lanka entered into a loan agreement with the China Development Bank (CDB) for US$ 500mn and MoF expected the funds to be disbursed during the same week. Following the announcement, the market registered a steep appreciation with mid-rate recording at Rs. 190.9 on April 19,” it says.

The total foreign debt repayment (capital and interest) for 2021 is US$ 6 bn, according to the report.

Meanwhile FC Research believes that the temporary appreciation in USD-LKR, may adversely impact earnings of export companies such as Hayleys, Haycarb, Dipped Products, MGT Knitting Mills, Teejay Lanka, Expolanka Holdings etc. in the short term.

“However, considering the potential future currency pressure, we expect an overall depreciation of approximately 12% for the rupee providing a significant gain for companies with foreign currency revenue”, FC research predicts.

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Govt. asks Opposition not to propagate lies

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By Saman Indrajith

Chief Government Whip and Highways Minister Johnston Fernando yesterday accused the Opposition MPs of abusing parliamentary privileges to mislead the public by propagating lies about the Easter Sunday terror attacks. 

Addressing Parliament, Minister Fernando said: “The Opposition MPs level wild allegations in the House knowing that they have the cover of parliamentary privilege. If they have anything substantial or any knowledge of the perpetrators of the Easter attacks still not in custody they can go to the CID and lodge complaints so that such complaints could be investigated.”  

Fernando said so after SJB Galle District MP Manusha Nanayakkara had told the House that he possessed evidence of those who carried out the Easter Sunday terror attacks.

Nanayakkara also said that the facts that he had were not in the report of the Presidential Commission of Inquiry into the Easter Sunday carnage.

“You are making various statements regarding the Easter Sunday terror attacks in the Chamber without any proof because you know that you have Parliamentary privilege. You even quoted some statements which are not included in the PCoI report. How did you obtain such information? Why didn’t you complain about this to the CID in the first place? Your action is aimed at misleading the public,” the Minister said. 

Minister Fernando said that the Opposition should stop insulting Archbishop of Colombo Malcolm Cardinal Ranjith by misinterpreting the latter’s statements. 

“When you are in the Government you never said that this is a Buddhist country. Now you are insulting the Cardinal too. You should not do that,” the Minister said. 

“The former Government should be responsible for the terror attack. Now we are trying to punish those who are responsible for it. We will take action against everyone who is responsible. You should support us, not try to obstruct the on-going investigations,” Minister Fernando said.

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