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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An existing Micro-finance and Loan Regulation Act No. 6 of 2016 is to be repealed.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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Cabinet sub committee to study Middle East situation

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A Cabinet sub-committee has been appointed on June 23 to study the current situation in the Middle East.

Chaired by the Minister of Foreign Affairs, Foreign Employment & Tourism – Vijitha Herath, the ministers Wasantha Samarasinghe, Kumara Jayakody and Samantha Vidyarathna have been named as the other committee members.

Additionally, a committee of ministry secretaries have been appointed.

Meanwhile, speaking to media, Minister of Plantation and Community Infrastructure – Samantha Vidyarathna has said that the Government will take all possible measures to minimise the impact that the Israel-Iran conflict will have on local businesses, the country’s economy and the daily lives of all Sri Lankans.

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This week’s Cabinet decisions

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A number of decisions have been taken at the Cabinet meeting held on June 23.

The decisions taken by the Cabinet of Ministers are as follows :

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Youth dies after being beaten with a helmet

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A young man has died after being assaulted with a helmet during an altercation in Halwathura, Bulathsinhala.

Police said the incident occurred following an argument between the victim and another individual.

The victim was initially admitted to Horana Hospital, later transferred to Colombo National Hospital, and then returned to Horana Hospital, where he succumbed to his injuries.

The deceased is a 30-year-old resident of Halwathura, Bulathsinhala, police said.

A 23-year-old suspect has been arrested in connection with the incident, and investigations are underway by the Bulathsinhala Police.

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