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Gazette on Bill to set up Microfinance Authority, issued

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A gazette notification with regard to the relevant Bill to establish the Micro-Finance and Loan Regulation Authority, has been issued.

The gazette is issued on the directives of the Minister of Finance, Economic Stabilization and National Policies.

Last month, cabinet approval was granted to publish a draft law on Micro-Finance and Loan Regulation Authority and the Attorney general had cleared the draft bills for the Authority body.

An existing Micro-finance and Loan Regulation Act No. 6 of 2016 is to be repealed.

The Bill will be tabled before Parliament next week for its first reading.

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278 prison inmates to be pardoned

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A total of 278 inmates at prisons across the island will be released tomorrow in view of Vesak festival, the Prisons Department said.

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Parliament suspended due to lack of quorum

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Parliament sessions were abruptly suspended until June 04 due to a lack of quorum. 

There were less than 20 member present during the time of suspension. 

MP Jagath Samarawickrama was at the Chair.

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Notice for students sitting for Grade 5 scholarships

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The Department of Examinations has announced that the 2024 Grade Five Scholarship Examination will be held on September 15 this year.

It adds that applications for the examination will be accepted online from May 27 – June 14, 2024 and acceptance of applications will not be extended beyond the announced period.

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