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Cabinet nod to provide rice to 2 mn. low-income families

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The Cabinet paper presented by President Ranil Wickremesinghe for the provision of  10 kg of rice per month for two million low income families, including Samurdhi beneficiaries for a period of two months, has been approved.

Accordingly, the government will purchase 61,600 metric tons of paddy to meet the requirement of 40,000 Metric Tons. This program is proposed to be implemented by District Secretaries and Divisional Secretaries with the assistance of small and medium-scale paddy mills.

Under the District Secretaries and Divisional Secretaries, rice will be distributed among the identified Samurdhi beneficiaries including low-income earners using the existing system and the Ministry of Women, Child Affairs and Social Empowerment will coordinate the District Secretaries and issue necessary instructions to them.

The total estimated cost is Rs.8,040 million, which includes Rs.6,200 million for paddy purchase, Rs.290 million for rice drying, Rs.590 million for milling charges, Rs.200 million for packing costs, Rs.160 million as additional payment to mill owners, and Rs.600 million for transportation.

However, the program’s estimated cost will vary depending on market fluctuations, and a budget provision of around Rs.10,000 million will be allocated to be used if the need arises.

According to data from the Departments of Agriculture and Agrarian Development, the land extent used for paddy cultivation in the 2022/2023 Maha season is approximately 732,201 hectares, and the expected yield is 3.3 million metric tons, while approximately 2.2 million metric tons of rice can be produced. Given the country’s monthly rice requirement of approximately 210,000 metric tons, it has been observed that the next Maha season may see a paddy surplus.  As a result, in order to protect both the paddy farmer and the consumer, the government must intervene in the purchase of a specific amount of paddy during the 2022/23 season.

Furthermore, due to the country’s extremely difficult economic situation, it is necessary to protect low-income groups of society from the negative effects of the crisis by assisting them in maintaining a good nutritional level. This group consists of approximately 2 million families, including Samurdhi beneficiaries. Although the government has provided additional funds for this group until April 2023, there is a need to care for these low-income earners for a further period. Because the paddy harvest in this season of 2022/2023 is expected to be higher than the previous Maha season, it is appropriate to use a portion of the paddy to provide additional support to identified low-income earners in order to maintain their standard of living. This program will benefit both farmers and low-income groups in the country.

The Treasury Secretary, officers of the Presidential Secretariat, the Secretary to the Ministry of Agriculture, the Secretary to the Ministry of Public Administration, Home Affairs, Provincial Councils and Local Government, the Secretary to the Ministry of Women, and Child Affairs and Social Empowerment, all District Secretaries, the Department of Samurdhi Development, and other related institutions will participate in the discussions on the method of implementing the proposed program. It is also expected to discuss and decide on the proposed rice distribution mechanism. In addition, the production cost of rice varieties to be purchased by farmers, a certified price for rice, paddy owner participation, transportation methods, and paddy milling charges will be discussed in depth.

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Showers expected in part of the island today

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Several spells of light showers will occur in the Western, Sabaragamuwa and North-western provinces and in the Nuwara-Eliya, Kandy, Galle and Matara districts today (July 04), the Department of Meteorology said.

Showers or thundershowers may occur at a few places in the Uva province and in the Ampara and Batticaloa districts during the afternoon or night.

Meanwhile, fairly strong winds of about 30-40 kmph can be expected at times over the Western slopes of the central hills and in the Northern, North-central and North-western provinces and in the Trincomalee and Hambantota districts.

The general public has been requested to take adequate precautions to minimize damages caused by temporary localized strong winds and lightning during thundershowers.

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IMF grants waivers despite obligation breach & erred reporting

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The Executive Board of the International Monetary Fund (IMF) reviewed non complying purchases made by Sri Lanka under the 2023 Extended Arrangement under the Extended Fund Facility (EFF) as well as inaccuracies of information reported to the IMF.

However, the IMF has decided to grant waivers and not pursue further action, citing corrective measures and a commitment to reform by Sri Lankan authorities.

Following the Executive Board’s discussion, Deputy Managing Director and Acting Chair – Mr. Kenji Okamura, has issued the following statement:

“The Executive Board of the International Monetary Fund (IMF) reviewed non complying purchases made by Sri Lanka under the 2023 Extended Arrangement under the Extended Fund Facility (“EFF”), as well as a breach of obligations under Article VIII, Section 5. The noncomplying purchases arose as a result of the provision of inaccurate information by the authorities on the stock of expenditure arrears at the first, second, and third reviews under the EFF.

“The inaccuracies in information provided to the IMF were inadvertent and arose because of weaknesses in the timely reporting of arrears by line ministries to the Ministry of Finance, as well as a misunderstanding by the authorities of the definition of “arrears” under the Technical Memorandum of Understanding. 

“The Executive Board positively considered the authorities’ corrective actions, the fact that arrears repayments will be accommodated within the existing fiscal envelope, and the authorities’ commitment to improving public financial management procedures in line with the new PFM law, to reduce the risk of accruing arrears or inaccurate reporting of information going forward. In view of the above, the Executive Board agreed to grant waivers for the nonobservances of the quantitative performance criterion that gave rise to the noncomplying purchases and decided not to require further action in connection with the breach of obligations under Article VIII, Section 5.”

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Abdul Wazeeth appointed to Parliament from SLMC national list

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Abdul Wazeeth of the Sri Lanka Muslim Congress (SLMC) has been appointed as a Member of Parliament, the National Election Commission has announced.

His appointment comes following the resignation of former MP M. S. Naleem, who had entered Parliament through the SLMC National List after the 2024 parliamentary election.

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