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CBSL Bill presented to parliament

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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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Injured Wanindu ruled out of Bangladesh T20I series

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Sri Lanka’s T20I captain Wanindu Hasaranga has been ruled out of the upcoming T20I series against Bangladesh after suffering a hamstring injury to his right leg.

The injury occurred while he was batting during the third and final ODI of the recently concluded series.

Following a medical evaluation, Hasaranga will return to Colombo to undergo rehabilitation at Sri Lanka Cricket’s High Performance Centre.

Sri Lanka Cricket has confirmed that no replacement will be added to the T20I squad in his absence.

(dailynews.lk)

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

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Thushara Upuldeniya granted bail

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The Colombo Magistrate’s Court has granted bail to suspended Prisons Commissioner General Thushara Upuldeniya.

Upuldeniya was previously remanded over allegations of facilitating the unlawful release of an inmate from Anuradhapura Prison under the guise of a presidential amnesty.

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Wimal appears before CID

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National Freedom Front (NFF) leader and former MP Wimal Weerawansa appeared before the Criminal Investigation Department (CID) to provide a statement regarding remarks he made about a shipment of 323 containers linked to a provincial governor.

He was summoned to record a statement in connection with multiple complaints received over his comments made during a media briefing on January 29.

Following his remarks, Western Province Governor – Hanif Yusoof lodged a complaint with the CID on January 30, claiming he was targeted through social media posts.

Police said that several other parties have also filed complaints related to the same incident.

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