News

CBSL Bill presented to parliament

Published

1 year ago

March 7, 2023

editor

The Central Bank of Sri Lanka Bill was presented to the Parliament today (07) by the Leader of the House and Minister – Susil Premajayantha for its first reading.

This Bill was presented for ancillary matters including the establishment of the Central Bank of Sri Lanka in order to provide financial and administrative independence, and the removal of the Monetary Law Act currently established by the Central Bank.

According to the new Bill, the autonomy of the Central Bank shall be respected at all times and no person or entity shall cause any influence on the Governor of the Central Bank or other members of the Governing Board and Monetary Policy Board or employees of the Central Bank in the exercise, performance and discharge of their powers, duties and functions under this Act or interfere with the activities of the Central Bank.

Moreover, the Bill entails that the primary object of the Central Bank shall be to achieve and maintain domestic price stability.

In addition, a ‘Board of Governors’ will be established to supervise the administration and management of the affairs of the Central Bank and to decide the general policies of the Central Bank other than monetary policy. Its chairman shall be the Governor of the Central Bank and six members with expertise will be appointed to it.

News

Seeduwa UC Ex-Chairman busted with Heroin

Published

2 mins ago

May 2, 2024

nipuni

Lalith Rohan, the former chairman of the Seeduwa Urban Council, has been apprehended in connection with a heroin-related incident.

According to the police, the suspect was taken into custody this morning while allegedly attempting to distribute heroin to another individual along a road in the Badalgama area.

The quantity of heroin discovered in his possession amounted to 16 grams.

This arrest was part of a coordinated operation based on intelligence received from a previously detained suspect who had been found with 10 grams of heroin earlier.

Notably, Lalith Rohan is affiliated with the Sri Lanka Podujana Peramuna.

(News 1st)

(This story, originally published by News 1st has not been edited by SLM staff)

BIZ

Onmax DT ordered to submit plans to refund depositors

Published

2 hours ago

May 2, 2024

nipuni

Colombo Chief Magistrate Thilina Gamage today (May 02) ordered directors of the company – Onmax DT to submit a programme to refund the aggrieved depositors of the Onmax DT pyramid investment scheme.

The 04 company directors previously released on bail also appeared in court today.

The magistrate made the order after considering facts presented in court.

News

University non-academic staff to launch indefinite strike

Published

3 hours ago

May 2, 2024

nipuni

Non-academic staff members of all state universities have also commenced an indefinite strike from noon today (May 02).

Secretary of the non-academic staffers’ union said the authorities have failed to heed their demands despite being briefed about their issues on multiple occasions.

Meanwhile, the Joint Committee of Government Executive Officers launched a two-day token strike on Thursday (02) by reporting sick.