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Only 31 out of 179 foreign investment projects, efficacious

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Given the consideration of the performance report of the Department of Project Management and Monitoring, the current status of Foreign Investment Projects was taken up for discussion where it was disclosed that only 31 projects out of 179 Foreign Investment Projects are efficacious.

The inquiry into this took place when the Sectoral Oversight Committee on National Economic and Physical Plans met in Parliament recently (21) under the Chairmanship of Hon. Mahindananda Aluthgamage, Member of Parliament.

Whilst it was disclosed that approximately 2.6 trillion rupees have been received for Foreign Investment Projects from foreign funded institutions, the Committee emphasized that it is very regrettable that the foreign loans and grants obtained for the country’s capital expenditure through such projects are not properly implemented to achieve the desired results through the related projects.

The Committee pointed out that the expected objectives are not being achieved through these projects and that the foreign debt of the country is increasing rapidly, and the reason for this is the weakness of the relevant Ministries and their operating institutions as well as the project monitoring units established for the implementation of these projects.

Accordingly, the Committee instructed the officials present to submit a report in this regard within one month. The Committee also approved the performance report of the Department of Project Management and Monitoring.

Following the said discussions, 4 performance reports including the performance report of the Department of Project Management and Monitoring and 3 annual reports were considered in the Sectoral Oversight Committee on National Economy and Physical Planning.

Accordingly, the Performance Report of Department of Public Finance 2022, Performance Report of the Department of National Planning 2022, Annual Report of the Ceylon Industrial Development Board 2020, Annual Report of the Sri Lanka Tourism Development Fund 2020, Performance Report of Local Loans and Development Fund 2021, Performance Report of Ministry of Plantation Industry 2022 were considered at the Committee meeting held.

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PSO transfer : Statement from Ranil’s office

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A statement has been issued by the office of former President Ranil Wickramasinghe with regard to the transfer of his Personal Security Officer.

The statement is as follows :

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Ranil’s PSO transferred to KKS

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Representatives from Communist parties of India-China join NPP May Day rally

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The Communist Party of India and the Communist Party of China were both represented at the May Day rally held here by President Anura Kumara Dissanayake’s NPP on Thursday.This is the first May Day celebration by the Janatha Vimukthi Peramuna (JVP), the mother party in the National People’s Power (NPP) broader front, after it came to power.

The party, founded in 1965, had led two rebellions to topple governments through armed revolution in the early 70s and late 80s.

Binoy Viswam of the Communist Party of India (CPI) pointed out how at last year’s May Day rally, Dissanayake predicted that “the next year when we celebrate the May Day, it will be a victorious May Day for the people and the workers of the Sri Lankan country. That day has come”.

Viswam said there were claims in the past that there is no alternative to capitalist system and that there is only one way, and that way is the way of the Americans, the way of the spoilers, the way of the capitalists.

“They said that’s the only way, no other alternative. They were wrong comrades, and we are right. Because we have proven that there is an alternative, and Sri Lanka has shown that way,” he said, praising the JVP government.

Peng Xiubin, Director General, Bureau of South and South East Asia Affairs of the Communist Party of China (CPC) said, “Six decades ago, your hands built the JVP. Over the years, you have kept fighting, making the JVP stronger and stronger, forming the national people’s power. Eventually, last September, you won the presidential election, a new milestone in the history of Sri Lanka”.

“Sri Lanka is China’s good neighbour, trusted brother, reliable partner. For 68 years of our diplomatic ties, we have worked hand in hand, shoulder to shoulder, showing the world how our countries can thrive together. Now, with the JVP leading Sri Lanka, new opportunities arise for China-Sri Lanka ties,” he said.

Dissanayake also spoke on the occasion.

(theweek.in)

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

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Probe over death of Sabaragamuwa Uni. student

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The Ministry of Education, Higher Education and Vocational Education has responded to the recent death of a student of the Sabaragamuwa University.

In a statement regarding the incident, the Ministry said a Board of Inquiry has already been appointed to probe the incident and if it the death is revealed to have been caused due to ragging, all factions responsible will be held accountable to the fullest extent of the law.

Once the report of the board is released, the University Management and the University Grants Commission (UGC) will take appropriate steps, the statement adds.

The statement also urges not to disseminate social media posts which harm the privacy of individuals until full details of the incident are revealed.  

According to reports, a 23-year-old second-year student attached to the Department of Engineering Technology at the University of Sabaragamuwa had taken his life after being distraught over a ragging incident.

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