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Control price of rice remains unchanged – President

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President Anura Kumara Dissanayake stated the controlled price of rice will not change.

He also highlighted that plans are underway for a long-term program to create an organized agricultural plan, which would provide greater benefits to farmers.

President Dissanayake made these remarks during a discussion held today (Oct. 22) at the Presidential Secretariat with rice millers and officials from the Department of Agriculture.

During this meeting, participants focused on the current prices of consumer goods, emphasizing the importance of controlling the price of rice, which is a staple food for the population.

The President noted to the rice millers that they had purchased paddy from farmers after the controlled price was established, and he believes it is unfair to alter the price of rice at this stage.

Additionally, he stressed the necessity for a formal mechanism that ensures farmers receive a fair price for their rice while also enabling consumers to purchase rice at a reasonable cost.

President Dissanayake noted that the price of rice has been artificially inflated, attributing this price instability to the long-term lack of enforcement of controlled prices.

During the discussion, the issue of stock hoarders was addressed, and the President instructed agriculture officials to register this group.

The conversation also highlighted the need to reduce input costs to alleviate the financial difficulties faced by small and medium-scale rice mill owners.

Dudley Sirisena, Nipuna Gamlath, Mithrapala Lankeshwara, Jayasiri Gunathilaka, Menaka Gamlath, and other businessmen representing the Rice Mill Owners’ Association, along with several officials from the Ministry of Agriculture, were also present at the meeting.

(President’s Media Division)

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Court order issued against ‘Eh Yaye’ song

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The Commercial High Court has issued an interim injunction order, preventing popular artistes Romaine Willis and Mass Ramli Miskin (DJ Mass) from performing, reproducing and distributing the song ‘Eh Yaye’.

Colombo Commercial High Court Judge Priyantha Fernando issued the order after the Plaint filed under the Intellectual Property Act by popular singer Corrine Almeida.

The case also alleges that the musical composition and the lyrics of the song ‘Eh Yaye’ were substantially similar to the song ‘Api Natamu’.

Naming Willis and DJ Mass as defendants,  the plaintiff Corrine Almeida had also stated that she is the owner of the copyright and economic rights to the musical composition and lyrics of her song titled “Api Natamu”.

The plaintiff instituted action in terms of the Intellectual Property Act, No. 36 of 2003 alleging that the musical composition and the lyrics of ‘Eh Yaye’ were substantially similar to the ‘Api Natamu’ song.

(Source : Dailymirror.lk)

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Rains expected in several areas today

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Several spells of showers will occur in the Western, Sabaragamuwa and North-western provinces and in the Nuwara-Eliya, Kandy, Galle and Matara districts today (July 02), the Department of Meteorology said.

A few showers may occur in the Jaffna and Mannar districts.

Fairly strong winds of about 30-40kmph 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.

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IMF Executive Board approves Sri Lanka’s 4th review

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The Executive Board of the International Monetary Fund (IMF) completed the Fourth review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw about US$350 million, said Evan Papageorgiou, IMF Mission Chief for Sri Lanka.

This brings the total IMF financial support disbursed so far to about US$1.74 billion.

“The EFF arrangement for Sri Lanka was approved by the Executive Board on March 20, 2023 in an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion). The program supports Sri Lanka’s efforts to durably restore macroeconomic stability by (i) restoring fiscal and debt sustainability while protecting the vulnerable, (ii) safeguarding price and financial sector stability, (iii) rebuilding external buffers, (iv) strengthening governance and reducing corruption vulnerabilities, and (v) enhancing growth-oriented structural reforms.”

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