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CoPF questions about Gazette delays

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The Committee on Public Finance (CoPF) questioned the officials of the Ministry of Finance as to why it took the Ministry 15 weeks to submit a Gazette published on the 16th of June 2023 to the Committee on Public Finance for approval.

The Committee Members mentioned that, as a result, the Committee faces criticism for delaying the approval of certain Gazettes. In reality, it is the Ministry that causes these delays by submitting the Gazettes late, leaving the Committee insufficient time for thorough analysis and consideration. The Committee emphatically instructed the officials to ensure that Gazettes intended for consideration are promptly sent to the Committee, without any unnecessary delays, and expressed great dissatisfaction with the current delays.

The aforesaid was stated at the Committee on Public Finance held recently in Parliament, Chaired by Dr. Harsha de Silva when the Committee met to consider and approve a Resolution under the Customs Ordinance, two Orders under the Excise Ordinance and three orders under the Excise (Special Provisions) Act, No. 13 of 1989.

The Committee reconsidered Resolutions under Customs Ordinance (Gazette Extraordinary No. 2336/72, 16th June 2023) at its meeting and noted that ‘soap noodles’ are imported for soap production, with a few companies importing palm oil fatty acids. Due to a new customs duty of 24% on palm fatty acids, certain companies are importing palmitic and lauric acids at lower tax rates in order to produce soap noodles. To maintain market price equality and prevent tax revenue loss, a new tax of 29% is proposed to be imposed on these substituted acids, now categorized under a new HS code. Evidently, the Committee noted its concern regarding the policy inconsistency related to this gazette, as the general policy for importation of raw materials is to implement lower taxes than finished or semi-finished products. However, the Gazette detailing the introduction of new HS codes for these derivatives was approved by the Committee on Public Finance upon further review.

While reviewing the Orders under the Excise Ordinance, the Committee engaged in a thorough discussion regarding the use of counterfeit stickers on liquor bottles and the massive loss of tax revenue to the country, given that 40% of alcohol in the market features counterfeit stickers. The Committee highlighted that since its revelation during the Committee on Ways and Means, numerous raids have been conducted, resulting in a sudden surge in revenue of 2 billion rupees within two weeks for the Excise Department. Consequently, the Committee has decided to further address this issue during a joint meeting with the Committee on Ways and Means and the Committee on Public Accounts. Furthermore, the Committee questioned officials as to why no court cases have been filed to date to pursue such illicit activities. In addition, Dr. Harsha raised concerns about the procurement contract for the digital sticker, as a price discrepancy was observed. A digital sticker costs only 0.20 cents, while the Government is paying the contractor 1.90 rupees per sticker, resulting in an overpayment. Officials stated that this was due to the contract being originally made for the previous physical sticker, and no amendments were made to the contract when stickers were digitalized.

State Minister – Dr. Suren Raghavan, Members of Parliament Chandima Weerakkodi, Nimal Lanza, Dr. Major Pradeep Undugoda, Premnath C. Dolawatte, Madhura Withanage, U.K Sumith Udukumbura, Rauff Hakeem, Patali Champika Ranawaka, Mahindananda Aluthgamage, Mayantha Dissanayake, Harshana Rajakaruna, were present at this Committee meeting held.

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Passengers jump from plane’s wing after fire alert on Spain flight, triggers panic

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Wildfires have broken out on an island and in towns near Athens in Greece, with blazes also being sparked in Turkey and Syria.

The Hellenic Fire Service and local authorities said that two villages – Tsakeoi and Limnionas – had been evacuated on the island of Evia after the blaze started late on Friday.

One fire service official said more than 160 firefighters, 46 trucks and five aircraft were deployed in southern Evia to put out the fire.

Southern Evia, to the east of Athens, was one of several regions in Greece placed on high alert for wildfires over gale-force winds forecast for today.

Images from Koropi, a town to the southwest of Athens, also show houses burnt down and helicopters dropping water on burning forests.

It marks the latest wildfires to break out in Greece – where blazes are common during the summer – as it tackles strong winds and dry conditions amid an early summer heatwave in southern Europe.

Officials have linked the conditions to at least nine deaths across the continent.

A wildfire broke out in Achlia on the island of Crete on Wednesday, forcing thousands of residents and tourists to evacuate – with some taken to a nearby basketball arena and hotels in safer parts of the island.

The fire service official told Reuters on Friday that the fire in Crete was largely contained.

Meanwhile, blazes have also broken out on Turkey’s west coast – the latest in a series of blazes which started in late June – as well as its southerly neighbour Syria.

At least five fires have been reported in Izmir after extreme heat, strong winds and low humidity. Two people have been killed by the blazes, while tens of thousands have been evacuated.

Fires also flared on both sides of the Turkish-Syrian border on Friday, with a new blaze reported near the town of Dortyol in Turkey’s border province of Hatay.

According to Syria’s Civil Defence, wildfires have spread across large parts of mountainous areas in the Latakia province.

The government department added that conditions have hampered efforts to bring the fire under control, and noted unexploded ordnance could be in some of the areas affected.

Source: SKY NEWS

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CBSL extends Perpetual Treasuries suspension for six months

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The Central Bank of Sri Lanka (CBSL) has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a further period of six months.

The extension is with effect from 4.30 p.m. on 05th July 2025, in order to continue the investigations being conducted by the Central Bank of Sri Lanka.

The suspension has been extended by CBSL acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance.

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Kataragama Basnayake Nilame pressured over complaint against Kapuwas’ donation misuse

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It has been reported that Dishan Wickramaratne Gunasekara – the Basnayake Nilame of the historic Ruhunu Kataragama Maha Devalaya, is facing pressure including from several parties including political circles to withdraw his complaint lodged against the custodians (Kapu Mahattaya) of the devalaya.

The issue had arisen after it was discovered that some custodians were collecting money into their own tills instead of allowing them to be deposited in the official donation box.

Public discussion about the transparency of the temple’s donations intensified after the Basnayake Nilame had begun using a portion of the funds for community projects like hospital construction.

Traditionally, devotees often handed donations directly to the custodians, but the Basnayake Nilame had urged the public via media to place offerings only in the official donation box managed by the Ministry of Buddha Sasana, Religious and Cultural Affairs.

He subsequently arranged a proper audit of all such donations for the first time.

In response, some custodians had reportedly begun pressuring devotees near the official box to hand over donations to them instead.

Upon learning of this, the Basnayake Nilame had lodged a complaint with the Kataragama Police, arguing that diverting funds from the official box amounts to fraudulent misappropriation.

Acting on the complaint, police arrested 02 custodians who were collecting offerings near the official box.

However, other custodians then surrounded the police station and pressured the officers to release the arrested individuals, resulting in their release.

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