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Roundtable titled ‘INR-LKR Trade Settlement : Strengthening Bilateral Economic Ties’ held

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The High Commission of India organized a Roundtable titled ‘INR-LKR Trade Settlement: Strengthening Bilateral Economic Ties’ yesterday (Feb. 25) in Colombo.

The event brought together key stakeholders, including representatives from the Government of Sri Lanka, Sri Lankan and Indian banks, as well as members of various trade Chambers, media, and think tanks. Mr. Santosh Jha, High Commissioner of India to Sri Lanka and Dr P. Nandalal Weerasinghe, Governor of Central Bank of Sri Lanka graced the occasion.
The event commenced with welcome remarks delivered by the High Commissioner of India to Sri Lanka – Mr. Santosh Jha and was followed by a detailed presentation by Dr. Aditya Gaiha, Chief General Manager, Reserve Bank of India (RBI), on INR internationalization and the INR-LKR trade settlement. He also highlighted key policies of RBI which permit investments in INR in Sri Lanka. He further elaborated on RBI’s recent amendments to the Foreign Exchange Management Act (FEMA), aimed at enhancing the use of INR-LKR in cross-border transactions.

Governor of the Central Bank of Sri Lanka, Dr. P. Nandalal Weerasinghe provided valuable insights on the INR-LKR trade settlement framework. He underscored the importance of the mechanism and encouraged banks to engage with policy makers and central banks in both countries on streamlining the mechanism.

This initiative aligns with the commitment reaffirmed at the highest levels of leadership during the recent visit of President of Sri Lanka – Anura Kumara Disanayaka to India, where he met with Prime Minister Shri Narendra Modi. Among the key outcomes of their discussions was a renewed focus on enhancing INR-LKR trade settlements to deepen trade and investment ties between the two nations.

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STF arrests two in Gampaha with T-56 weapons; Plot to kill ‘Gampaha Osman’ uncovered

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The Special Task Force (STF) today (19) arrested two suspects in Gampaha in possession of two T-56 firearms.  

During interrogations, the suspects revealed information leading to the arrest of five additional individuals connected to the case.  

Furthermore, during the interrogation, it was revealed that they were planning to assassinate an individual known as ‘Gampaha Osman’.

Authorities are conducting further inquiries into the matter.  

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Probe launched into tuition teacher’s police escort

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Sri Lanka Police have launched an investigation into a video going viral on social media, which depicts a female tuition teacher being escorted by police motorcycles and vehicles to an event organized by her.

Police Media Spokesperson SSP Buddhika Manathunga confirmed that the individual in question is a private tuition teacher who conducts classes for students preparing for the Grade 5 Scholarship Examination.

Addressing the controversy, SSP Manathunga explained that the Sri Lanka Police may provide officers and vehicles for specific public affairs — such as for filming a movie — but only after a thorough intelligence review of the request and its context, including the script.

He further clarified that police officers may also be deployed for public events such as musical shows or ticketed functions, but this is permitted only upon payment of a required fee.

In this particular case, the teacher is reported to have requested police support, claiming it was needed for a ceremony honoring students who had successfully passed the Grade 5 Scholarship Examination. The event was said to involve nearly 8,000 students and 35,000 parents.

However, preliminary investigations have revealed that the teacher may have used the police escort to boost her personal image, raising serious concerns about the misuse of state resources.

Police have since launched an inquiry into how the vehicles and officers were allocated for the event, and whether any police personnel were complicit in the unauthorized use of official resources, SSP Manathunga said.

(Source : adaderena.lk)

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SriLankan retired cabin crew amid ‘work to rule’ campaign

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According to reports, the SriLankan Airlines’ management has decided to immediately call up retired cabin crew members to service, following the ‘work to rule’ campaign launched by the Cabin Crew Members Association.

The SriLankan Airlines Cabin Crew Members Association launched a ‘work to rule’ campaign in April, citing several demands, including the reallocation of their onboard meal allowance.

In this backdrop, the national carrier is said to be operating with a reduced number of cabin crew which was further affected by the recent retirement of a significant number of experienced senior staff.

The staff were retired stating that individuals over the age of 60 would no longer be retained.

Efforts to extend the retirement age had been unsuccessful. 

Even though they had directed a formal request to President Anura Kumara Dissanayake on Dec. 12, 2024, no response was received, reports add.

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