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CoPF commends decision to redraft Micro-Finance Bill

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The Committee on Public Finance (CoPF), chaired by Dr. Harsha de Silva, played a key role in advancing inclusive policymaking for the Microfinance and Credit Regulatory Authority Bill.

Following extensive consultations with a diverse range of stakeholders, including community-based organizations, transparency advocates, think tanks, and fintech companies, the CoPF’s engagement yielded a significant development.

The Ministry of Finance initially presented the Bill. However, after careful consideration of stakeholder feedback received during the CoPF meeting and recordings reviewed, the Ministry recognized that the Bill, in its current form, did not effectively address their original objectives.  Fears existed that the Bill might inadvertently stifle microfinance activities in Sri Lanka.

This decision by the Ministry of Finance to withdraw the Bill for redrafting reflects a commitment to transparent and inclusive policymaking.  By actively engaging various stakeholders, the CoPF identified potential issues and fostered a collaborative environment for achieving a positive outcome.

This episode also highlights the vital role Parliament plays within a democratic system. The CoPF, through its diligent work, demonstrates how legislative oversight can ensure proposed policies are well-rounded and serve the best interests of the public.

The Ministry of Finance has expressed its commitment to redrafting the Bill in consultation with stakeholders, ensuring that it fosters a healthy environment for both microfinance and Small and Medium Enterprises (SMEs).

State Ministers Dr. Suren Raghavan, and Members of Parliament Rauff Hakeem, Nimal Lanza, Mayantha Dissanayake, Chandima Weerakkody, Duminda Dissanayake, Dr. Major Pradeep Undugoda, Madhura Withanage were present at the Committee meeting held.

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Skill or professional stream to be added to O/Ls

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State Minister for Social Empowerment Mr. Anupa Pasqual, emphasized that new laws are being introduced to facilitate the use of uncultivated land for agricultural purposes as land is vital for social empowerment. 

The state minister also announced that the government has decided to incorporate a skill or professional stream into the G.C.E (Ordinary Level) Examination to promote social empowerment.

“A fundamental ideology we have advocated is the need for educational system reform to uplift society. Hence, individuals should not be labelled as exam failures solely due to struggles in subjects like maths, religion, or language at the G.C.E (O/L) examination. Therefore, the government has resolved to integrate skill-based or vocational streams into the G.C.E (O/L) Examination syllabus. This concept reflects societal acceptance. Accordingly, the Ministry of Education plans to implement this initiative from the beginning of next year. It is imperative to note that forthcoming educational reforms aim to cultivate skilled professionals,” he said.

The State Minister made these remarks during a press briefing titled “Collective Path to a Stable Country” held at the Presidential Media Centre (PMC) today (May 21).

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Move to sell LSD-infected cattle amid disease outbreak

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With the outbreak of the Lumpy Skin Disease (LSD) among cattle in the Nuwara Eliya District, there is a growing tendency among dairy farmers to sell off their affected livestock.

Dr. Suresh Kumara, the Government Veterinary Surgeon in charge of the Kotagala-Talawakele division, reported that the district contributes 12 percent of the Central Province’s milk production. 

The outbreak has led to the death of many milch cows, resulting in a sharp decline in milk output.

In response to the outbreak, affected dairy farmers have begun selling their LSD-infected cattle to slaughterhouses. 

Dr. Kumara emphasized the need for vaccination to control the disease but noted that the necessary vaccine is currently unavailable.

(dailymirror.lk)

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

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Puttalam District schools to reopen tomorrow

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Schools in the Puttalam District are scheduled to reopen tomorrow (May 22) for academic activities, according to the Provincial Director of Education of the North-Western Province. 

However, the Zonal Directors of Education have been authorised to decide otherwise depending on the weather conditions, the Provincial Director adds.

All schools in the Puttalam District remained closed yesterday and today due to adverse weather conditions.

Meanwhile, in a statement, the Education Ministry states that news reports claiming that tomorrow is a school holiday, is false.

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