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COPF takes up 2 reports to be submitted to Parliament

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The Committee on Public Finance took into discussion the two reports to be submitted to Parliament by the Committee post presenting the Appropriation Bill to Parliament in accordance with the Standing Orders of Parliament.

This was discussed at the Committee on Public Finance which met in the Parliament recently (15) under the chairmanship of (Dr.) Harsha de Silva, Member of Parliament.

According to Standing Order 121, a report on estimates including whether the allocation of government funds is consistent with the policies of the government after the presentation of the Appropriation Bill every year and a report on the taxation, fiscal and economic assumptions used as a basis for arriving at the total expenditure and revenue, prior to the commencement of the Committee Stage of the budget should be presented to Parliament.

Accordingly, it was discussed about preparing these two reports and presenting them to the Parliament and the opinions of Dr. Dushni Weerakoon, Dr. Nisha Arunatilake and Yuthika Indraratna who are working on the preparation of the two reports were also taken at the Committee meeting held.

The Chairman of the Committee (Dr.) Harsha de Silva further mentioned that after preparing the drafts of these two reports, he hopes to submit these two reports to the Parliament in the future post including the comments of the members of the Committee.

Furthermore, for the first time, the Committee on Public Finance is at present working with a group of economic experts and Dr. Dushni Weerakoon and Dr. Nisha Arunatilake, who are members of the Institute of Policy Studies of Sri Lanka, are also working in support to the group.

The annual program prepared by the National Audit Office for the year 2023 was also considered here. Furthermore, several matters presented by Hon. Anupa Pasqual, Member of Parliament to the Committee were considered and matters regarding the Parliamentary Budget Office was also discussed at the committee meeting.

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CEB proposes 25-35% electricity tariff hike amid IMF pressure 

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The Ceylon Electricity Board (CEB) is considering a 25 to 35 percent electricity tariff increase, with the International Monetary Fund (IMF) urging Sri Lanka to implement revised rates.  

CEB sources confirmed that the proposed hikes align with a pricing formula agreed upon by the CEB and the Public Utilities Commission of Sri Lanka (PUCSL). 

The new rates will require PUCSL approval before implementation.  

Amid ongoing discussions, CEB Chairman Tilak Siyambalapitiya has resigned, reportedly due to political and regulatory interference in setting cost-reflective tariffs. Earlier this year, the PUCSL approved a 20 percent tariff reduction against the CEB’s advice, leading to renewed financial losses.  

A senior CEB official revealed that after January’s reduction, losses began rising again. 

In 2023 and 2024, tariff hikes had helped the CEB post profits of Rs. 61 billion and Rs. 141 billion, respectively, reducing accumulated losses from Rs. 473 billion to Rs. 271 billion. However, losses have climbed since February.  

The IMF had set two key conditions: cost-reflective pricing and an automatic 10 percent hike if monthly cash flow falls below Rs. 15 billion. 

The official noted that without January’s reduction, a 5 percent increase would have been needed in Q2.  

The IMF has warned Sri Lanka twice in recent weeks for breaching cost-recovery benchmarks, raising fiscal risks. 

A scheduled April tariff revision was skipped, with authorities offering unclear explanations.  

The proposed hike aims to stabilize CEB’s finances while meeting IMF demands for sustainable energy pricing.

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President gets four names for two CA vacancies

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Four names have been proposed to President Anura Kumara Dissanayake to fill two vacancies in the Court of Appeal (CA).

Chief Justice Murdu Fernando has proposed the names of High Court Judges Frank Gunawardena, Adithya Kumara Patabendi and Nawaratne Marasinghe on two occasions. Attorney General Parinda Ranasinghe, meanwhile, has proposed the name of Deputy Solicitor General Riyaz Bary.

The President is due to send two of the four names to the Constitutional Council for approval.

Two further vacancies are due to occur in the CA next month with the retirement of CA President Nissanka Bandula Karunaratne and Acting CA President Mohammed Laffar upon reaching 63 years of age. Justice Karunaratne is currently on pre-retirement leave and is due to retire on June 16, while Justice Laffar is set to retire on June 18.

The Judicial Service Commission has also recruited 50 judicial officers to fill existing vacancies in the magistrate courts. Forty-six of the newly recruited judicial officers will be appointed as magistrates, while the remaining four will be appointed as
presidents of labour
tribunals.

Meanwhile, four vacancies exist for the Additional Solicitor General positions at the Attorney General’s Department. Senior Deputy Solicitor Generals Hiranjan Peiris, Azad Nawawi, Lakmali Karunanayake and Sudarshana De Silva are expected to be appointed to fill these vacancies.

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

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Police hunt for ‘Teacher Amma’ after alleged assault on youth

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Police have launched an investigation to arrest the popular tutor Hyeshika Fernando, also known as ‘Teacher Amma’, for allegedly assaulting a young man.

It is reported that Hayeshika Fernando had kicked the young man’s testicles, after which he was admitted to the Negombo Hospital for treatment.

Following the incident, Hyeshika Fernando had fled the area, but her husband and her manager had been taken into custody by the Katana Police.

After being produced before the Negombo Magistrate’s Court, the two suspects were ordered to be remanded until May 14.

The Magistrate has also instructed the Katana Police to carry out further investigations and to arrest and produce in court the main suspect in the case — the tutor Hyeshika Fernando, popularly known as ‘Teacher Amma’.

(adaderana.lk)

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

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