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CBSL Bill presented to parliament

Published

2 years 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.

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Cost reflective price for MPs’ daily meals proposed

Published

2 hours ago

January 23, 2025

editor

Leader of the House Bimal Ratnayake said yesterday that a cost reflective price between Rs.2,500 and Rs.3,000 will be proposed for meals including breakfast, lunch and evening tea for Members of Parliament.

He stated that the proposal is scheduled to be presented to the House Keeping Committee of Parliament today and that a proposal will also be presented to the Cabinet in the future.

“MPs will have to pay Rs.3,000 for their meals including breakfast, lunch and evening tea. The price of meals for others will also be increased,” he added.

(dailynews.lk)

(This story, originally published by dailynews.lk has not been edited by SLM staff)

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Probe into clearing of 323 red-tagged containers – Dy. Minister

Published

2 hours ago

January 23, 2025

editor

Deputy Minister of Economic Development – Prof.Anil Jayantha Fernando yesterday (Jan. 22) admitted in Parliament that 323 containers with red tags have been released through the green channel by the Sri Lanka Customs.

In response to a question raised, the Deputy Minister said that an investigation will be launched into the incident.

He said there have been occasions where red-tagged containers have been released after being scanned and during some occasions, containers had been released through the green channel even without being scanned.

“We never know whether there have been investigations into those incidents,” he said.

(Excerpts : dailynews.lk)

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Suspect arrested over alleged online train tickets racket

Published

2 hours ago

January 23, 2025

editor

The Kandy Divisional Crimes Unit has arrested a 37-year-old suspect involved in an alleged major racket involving ‘e-Tickets’ sold for up-country trains including to Ella.

According to the police, the suspect was arrested yesterday (Jan. 22) in the Suduhumpola area of the Kandy Police Division.

The suspect, a resident of the same area, was found in possession of 21 ‘Odyssey’ train tickets purchased online, Rs. 130,670 in cash believed to be proceeds from the illegal sales, 130 notepads documenting previous transactions, and a mobile phone.

Police suspect the individual profited from reselling train tickets, targeting foreign tourists. The suspect has been handed over to the Criminal Investigation Department (CID) for further inquiries.

On January 20, the CID had informed the Colombo Magistrate’s Court that they have launched an investigation into the ticket scalping, which was raising serious concerns.

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