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Free rice distribution program initiated from Colombo District   

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The program to distribute free rice to 2.9 million low-income families commenced yesterday (26) in the Colombo District under the patronage of President’s Senior Adviser on National Security and Chief of Presidential Staff Mr. Sagala Ratnayake.

The program was carried out with a focus on the Dematagoda, Narahenpita, and Wellawatta areas, which fall under the Thimbirigasyaya Divisional Secretariat Division.

As part of the program, 995 recipients received bags of rice at the Mihidusenpura Community Hall in Dematagoda, 448 recipients received rice at the Dabare Mawatha Community Hall in Narahenpita, and 169 recipients were given rice at the Ranjan Wijeratnapura Community Hall in Wellawatta.

The distribution of free rice to low-income families for two months is part of the government’s 2022/2023 Maha season rice purchase and rice stock disposal program, which was implemented on the instructions of President Ranil Wickremesinghe. Each family will receive 10 kg of rice per month during this period.

Initially, the rice subsidy was intended for 2 million families, but it was later expanded to 2.9 million families as per the directives of the President. The program’s first phase will be rolled out in several districts, including Colombo, Gampaha, Kalutara, Kandy, Ratnapura, Galle, and Matara.

Addressing the program held at the Mihidusenpura Community Hall in Dematagoda, Mr. Sagala Ratnayake explained how Sri Lanka was able to turn a corner during a difficult period with the assistance of the International Monetary Fund (IMF).

Mr. Sagala Ratnayake emphasized that the country had faced an economic crisis due to wrong decisions made in the past, but now under the leadership of President Ranil Wickremesinghe, the country is following a more appropriate economic program.

During the event, Mr. Ratnayake interacted with the attendees and listened to some of the issues they were facing.

The Colombo District Secretary, Mr. K.G. Wijesiri, and senior officials from the Ministry of Social Empowerment were present at the event.

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IMF Executive Board approves Sri Lanka’s fourth 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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Cabinet approval for online traffic fine payment system – Bimal

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Minister of Transport and Highways Bimal Rathnayake has said that Cabinet approval has been granted to implement an islandwide online traffic fine payment system.

He made this statement during a media briefing near the Kottawa Expressway entrance, following a public awareness programme on mandatory seat belt use for vehicles travelling on expressways.

“The Cabinet approved the proposal today. At present, the online fine payment system is available only between Kurunegala and Anuradhapura. Now, we’re providing all police units with mobile devices, so that from this year, traffic fines can be paid from anywhere via mobile phones… Rather than paying fines, we urge everyone to drive carefully, wear seat belts, and avoid violations. Our core message is simple, travel safely,” the minister has said.

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Indian entrepreneur delegation meets President AKD (Pics)

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Indian entrepreneurs state that they are currently directing their attention towards new investment prospects in Sri Lanka, particularly in sectors like energy, infrastructure, the digital economy, tourism and agriculture, as well as on enhancing entrepreneurial capacity.  

A delegation of around 20 Indian entrepreneurs, comprising heads of several prominent Indian companies, is currently engaged in an active programme in Sri Lanka, coordinated by the Confederation of Indian Industry (CII), with the aim of further developing existing investment opportunities and exploring new prospects. These comments were expressed during the delegation’s meeting with President Anura Kumara Disanayake this afternoon (01) at the Presidential Secretariat.

The delegation is visiting Sri Lanka following an invitation extended by President Anura Kumara Disanayake during his recent official visit to India. The Indian delegation held discussions with several Sri Lankan Ministers and with officials from key government institutions, including the Board of Investment of Sri Lanka.

President Disanayake emphasized that the country has now established a more favourable environment for investors, owing to the current economic stability.

The President briefed the Indian business representatives on the constructive measures implemented by the government to create a supportive economic climate and conditions conducive to investment. He further noted that the government has strengthened the legal framework and institutional system necessary to attract and sustain large-scale investments. He assured that under the present administration efforts have been made to eliminate the losses and corruption previously associated with investments. 

The President also emphasised that special attention has been given to attracting regional investors and providing them with the necessary facilities. He pointed out that numerous new business opportunities have opened up between India and Sri Lanka across various sectors.

The Indian entrepreneurs stated that Sri Lanka’s strategic location is of great appeal to investors. They appreciated the President’s explanation regarding the current situation of the country, noting that it had inspired confidence and renewed hope in them.

Minister of Labour and Deputy Minister of Economic Development Professor Anil Jayantha Fernando, Senior Additional Secretary to the President, Roshan Gamage, and Indian High Commissioner to Sri Lanka Santosh Jha, along with officials from the Indian High Commission, were present at the occasion. Also in attendance were former Chairman of CII and Chairman and Managing Director of ITC Limited, Sanjiv Puri, and heads of several other major Indian companies.

(President’s Media Division)

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