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Committee appointed to protect the cooperative business

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Discussions were held over refunding the money of the depositors by financing the assets belonging to Dehiwala Mount Lavinia Cooperative Society.

The Committee on Banking and Financial Services decided to appoint a committee with the participation of relevant parties including provincial council officials to protect the cooperative business.

This was decided when the Committee on Banking and Financial Services met in Parliament recently under the chairmanship of Member of Parliament – Gamini Lokuge.

Also, there were discussions on refunding the money of the depositors who deposited money in the cooperative banks and the committee advised to get the support of the Sanasa Federation and the Homagama Cooperative Society to resolve the financial crisis faced by the Dehiwala – Mount Lavinia Cooperative Society.

Also, the members of the committee pointed out that following the several committee meetings the 4 main reasons that led to the collapse of the cooperative business were identified as the impact of the economic crisis in the country, fraud and corruption in cooperative societies, imprudent decisions taken by officials and failure to conduct an accounting audit within the proper time frame.

Also, the bill drafted by the Central Bank of Sri Lanka and two other reports regarding the cooperative business were discussed here. Accordingly, a sub-committee was appointed with the participation of officials representing all provincial councils and related parties to prepare one report based on these 3 reports for the betterment of the cooperative business. The committee pointed out that the report provided by this sub-committee will be submitted to the Parliament in the future.

Members of Parliament Udaya Gammanpila, Yadamini Gunawardena and B.Y.G. Ratnasekara were present at this committee meeting. 

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Postal voting for 2025 LG Polls kicks off

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The marking of postal votes for the 2025 Local Government (LG) elections commences today (April 24).

648,495 eligible voters expected to cast their postal votes over the four designated days – April 24, 25, 28, and 29.

The commission emphasized that no extensions will be granted beyond these 04 days. 

Elections Commissioner General Saman Sri Ratnayake reaffirmed that the time frame for postal voting is final and urged all eligible voters to make use of the given dates.

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Police to monitor those unnecessarily using helmets

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The Police Headquarters has issued a directive to all officers across the island to monitor individuals wearing helmets suspiciously, especially when not riding motorcycles.

The directive follows a series of serious crimes where suspects were seen using full-face helmets to conceal  their identities.

While wearing a helmet is a legal requirement for both motorcycle riders and pillion passengers, Sri Lanka Police stress that its purpose is strictly for road safety.

Accordingly, officers have been advised to check the belongings of any individual observed wearing a helmet while not riding a motorcycle, especially if they appear to be acting suspiciously.

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Negotiations yield positive results – President

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President Anura Kumara Dissanayake said yesterday that the talks between the Sri Lankan delegation and US officials regarding reciprocal tariffs have yielded positive results, and both nations are anticipated to issue a joint statement soon.

“Our delegation, including Deputy Finance Minister has engaged in discussions with the relevant US authorities. I have been informed that these discussions have been productive, and both parties are anticipated to issue a joint statement soon,” he said.

The Sri Lankan delegation departed for the United States to engage in discussions with the International Monetary Fund  (IMF) regarding the Extended Fund Facility programme, as well as to have discussion with US government officials about the recent reciprocal tariffs placed on Sri Lankan exports to the United States.

Addressing an election rally in Ratnapura in support of the NPP candidates contesting the upcoming Local Government Election in the Ratnapura District, the President stated that his Government is committed to establishing a strong economy in the country. “Should the economy of our country falter as a result of decisions made by another country, or due to conflict or a pandemic occurring elsewhere, it indicates a lack of stability and independence in our economic system. Our objective is to establish an economy resilient enough to withstand such external challenges,” he said.

The President added that his Government has managed to stabilise the country’s economy to some extent following an unprecedented crisis, maintaining the value of the Sri Lankan rupee against the US dollar at Rs. 300 for the last six months.

“There are no shortages of goods and services in the country, and the rupee’s value has remained unchanged against the dollar for the past six months. This indicates that the economy is now stable,” he added.

The President noted that the year 2025 is expected to witness the highest influx of tourists to the country, and his Government is actively working on developing new tourist attractions, including Yapahuwa and Trincomalee.

“Anuradhapura City will be revitalised, emphasising the importance of our cultural, religious, and irrigation heritage, with assistance from the Indian government,” he added.

President Dissanayake noted that export revenues are anticipated to rise this year. The President remarked that the people made the NPP victorious as they wanted a change from an administration that had not fulfilled the public’s expectations for 70 years. “The people wanted to end this vicious political cycle,” he said.

Buddhasasana, Religious and Cultural Affairs Minister Prof. Hiniduma Sunil Senevi also spoke.

(dailynews.lk)

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

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