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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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PMD issues statement on alleged presidential pardon of prisoner

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The President’s Media Division (PMD) has issued an official statement highlighting a serious procedural irregularity involving the release of a prisoner from Anuradhapura Prison, who was not approved under the presidential pardon granted for the 2025 Vesak festival.

According to the PMD, W.H. Athula Thilakaratne, an inmate serving a sentence for financial fraud, was released despite not being included in the list of prisoners approved by the President for a general pardon.

The PMD clarified that under Article 34(1) of the Constitution, the President has the authority to grant pardons to convicted prisoners.

Accordingly, a list of prisoners selected by the Prison Superintendents is forwarded to the Ministry of Justice.

The list is examined by the Ministry of Justice and then sent to the Presidential Secretariat. With the approval of the President, those prisoners are granted a general pardon, the PMD stated.

In this instance, the official list—submitted by the Commissioner General of Prisons on May 6, 2025—included 388 names.

However, the name of the individual imprisoned at Anuradhapura Prison in connection with financial fraud was not included in that list.

“This individual was not included in the list of 388 prisoners granted a presidential pardon,” the PMD stated.

In light of this development, the Presidential Secretariat lodged a formal complaint with the Criminal Investigation Department (CID) yesterday (June 6), under the title “Release of a Prisoner without Presidential Approval under the Presidential Pardon.”

The PMD further confirmed that a formal investigation has been launched, and disciplinary measures will be taken against any officials found responsible for the irregular release.(adaderana.lk)
(This story, originally published by adaderana.lk has not been edited by SLM staff)

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Presidential pardon was routine, not personal – Prisons Commissioner

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The Department of Prisons has issued a statement defending the release of W. M. Athula Tilakaratne, a former finance company manager convicted of misappropriating Rs. 4 million, clarifying that it was part of a general presidential pardon granted on Vesak Poya Day.

Prisons Media Spokesman and Commissioner Gamini B. Dissanayake stated that Tilakaratne was among a group of inmates released under the annual Vesak pardon, which is granted to prisoners who meet certain conditions. He noted that the individual was not specifically singled out for release, but was eligible under the general criteria due to his sentence and the remission of the fine imposed by court.

According to the statement, Tilakaratne had been convicted under Section 386 of the Penal Code and sentenced to a suspended prison term with a fine of Rs. 20 lakhs as compensation. The High Court had also ruled that failure to pay the fine would result in six months of rigorous imprisonment. His release was granted as the fine was waived under the Vesak pardon provisions.

The Department emphasized that Tilakaratne was released in accordance with existing procedures and that the pardon was not targeted or exceptional.

Yesterday, Samagi Jana Balawegaya (SJB) MP Ajith P. Perera raised questions in Parliament regarding the pardon, highlighting that the release occurred just weeks after Tilakaratne’s conviction. He called on the government to explain the process and transparency behind granting such pardons, especially as the individual is reportedly facing other cases as well.

The government did not respond to the MP’s query during the session. 

(newswire.lk)

(Except for the headline, this story, originally published by newswire.lk has not been edited by SLM staff)

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Supplementary medical professionals end strike

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The Joint Council for Professions Supplementary to Medicine (JCPSM) has decided to end the strike at 8.00 am today (June 07).

Secretary Chanaka Dharmawickrama stated that the decision was made after 04 of the 05 affiliated unions agreed to call off the strike, considering the inconvenience caused to patients.

However, medical laboratory professionals will continue their strike action.

He added that if their demands are not met, the temporarily suspended strike could be resumed in the future.

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