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Central Bank’s ability to print money limited –Acting Finance Minister

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The ability of the Central Bank of Sri Lanka to print money has been limited with the enforcement of the new Central Bank Act.

The Central Bank of Sri Lanka Bill was passed in Parliament with amendments in July while it came into effect as an Act from yesterday.

The Act empowers the CBSL in various ways while ensuring its independence.

Acting Minister of Finance Ranjith Siyambalapitiya noted that the Act limits the ability to print money excessively, which caused major issues in the country in recent times.

According to the Act, the Central Bank will be able to print money during special circumstances such as when dealing with a national security or health emergency.

Meanwhile, with the enforcement of the Act, the Treasury will not be able involved in the process to appoint a Governor of the Central Bank.

(news radio)

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Health Ministry’s Additional Secretary Dr. Saman Ratnayake arrested

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The Criminal Investigations Department (CID) arrested Additional Secretary of the Health Ministry Dr. Saman Ratnayake over the import of substandard human Immunoglobulin injections.

The arrest was made after Dr. Saman Ratnayake arrived at the CID to provide a statement.

Several key individuals including former Health Minister Keheliya Rambukwella, Former Health Secretary, the Medical Supplies Division Director are currently in remand custody over the Immunoglobulin scandal.

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Dickwella replaces Kusal in SL T20 Squad

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The Cricket Selection Committee of Sri Lanka Cricket has announced Niroshan Dickwella as the replacement for Kusal Janith Perera in the upcoming Twenty20 International (T20I) Series against Bangladesh.

The series is scheduled to commence on Monday in Sylhet.

Kusal Janith Perera, originally included in the T20I squad, will miss the series due to a respiratory infection.

Perera did not join the team on their departure to Bangladesh on Thursday. 

In light of his absence, Niroshan Dickwella has been named as the replacement and is expected to join the team ahead of the first T20I match at the Sylhet International Cricket Stadium in Sylhet.

The T20I series against Bangladesh consists of three matches, with the second and third T20Is scheduled for March 6 and 9, respectively, at the same venue.

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Scholarship exam, GCE O/L, A/L dates released

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The Examination Department has announced the schedule for several key examinations for the year 2024.

Accordingly, the GCE (O/L) Examinations 2023 is scheduled to take place from May 6th to May 15th while Grade 5 Scholarship Examinations 2024 is set for September 15th, 2024.

In addition, the GCE (A/L) Examinations 2024 will run from November 25th to December 20th, 2024.

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