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IMF loan expected in March – President

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During a discussion held at the Presidential Secretariat on February 16th, President Ranil Wickremesinghe announced that an International Monetary Fund (IMF) EFF loan is expected to be received in March.

The President also mentioned that the possibility of reducing bank interest rates is being considered in line with the gradual drop of inflation rate.

The discussion was aimed at identifying the issues faced by small and large-scale rice mill owners and finding solutions to resolve them.

The rice mill owners brought up the fact that the production cost of a kilogram of rice has increased due to various factors, including the rise in fuel prices, electricity charges, machinery maintenance costs, transportation costs, and all other production and administrative expenses.

They noted that they would incur losses by selling their product at the current market price as it is lower than the production cost.

The rice mill owners also pointed out the difficulty of paying a high interest rate of 28% on bank loans taken to purchase paddy. It was mentioned that the production cost of a kilogram of paddy has increased due to the rapid increase in prices of the agricultural inputs for paddy cultivation. Farmers have had to pay a high interest rate on bank loans they had taken for cultivation.

As a result, the rice mill owners demanded relief for the rice industry, which has reached a difficult stage to maintain operations due to the increase in production costs for both cultivation and rice mills.

The President acknowledged their concerns and stated that it was the government’s expectation to provide all possible relief to consumers as well as farmers.

The President instructed officials to seek means of increasing paddy production by reducing production costs and finding solutions to the problems faced by rice mill owners without delay. The discussion ended with the President’s assurance to work towards finding a solution to the issues faced by the rice industry.

President’s Secretary Mr. Saman Ekanayake, President’s Senior Adviser on Economic Affairs Dr. R.H.S. Samaratunga, Presidential Adviser on Food Security Dr. Suren Batagoda, government officials and representatives of small and large scale rice mills including Mr. Dudley Sirisena attended the discussion.

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E-water bills from next month

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The National Water Supply and Drainage Board (NWSDB) has taken steps to issue water bills electronically from October 1st to several areas.

This e-billing service will be implemented in four selected areas of Colombo-South, Kandy-South, Polonnaruwa and Trincomalee.

Meanwhile, 326,124 telephone numbers have been registered in relation to 344,697 new water supply connections.

The NWSDB said that this system is proposed to be implemented in all regions of Sri Lanka from January next year.

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Cabinet approves to table 2024 Budget in Parliament

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The Cabinet approval has been received to table the Appropriation Bill for the fiscal year 2024 to Parliament, it was reported.

The approval was received in the Cabinet meeting held on July 31, 2023 to prepare the Appropriation Bill for 2024.

Accordingly, the Attorney General’s clearance has been received for the Appropriation Bill, which has been prepared by the Legal Draftsman.

The Cabinet has approved the proposal presented by President Ranil Wickremesinghe as the Minister of Finance to publish the Bill in a Gazette and then submit it to Parliament for approval.

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Four including ex-journalist arrested from Manna Ramesh’s gang

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Four members of underworld leader Manna Ramesh’s gang were arrested on Sunday (24) in connection with the shooting at Talduwa, Avissawella in which two youths were killed and two others were injured.

Police said a journalist who worked in electronic and print media was also among the suspects who were arrested while hiding in Homagama and Pitipana areas by a special police team.

Investigations revealed that three of the four suspects are addicted to drugs.

Police said that the shooting was carried out in retaliation to the brutal attack on Manna Ramesh’s brother in Talduwa about 6 months ago.

The suspects were arrested on charges of sheltering, aiding and abetting the two underworld members who carried out the double murder.

A senior police officer said the arrested journalist has maintained close relations with Manna Ramesh for a long time and he had even been paid a salary.

He said the journalist, who was in close contact with high-ranking police officers, had obtained various information and given it to Manna Ramesh.

It was revealed that this journalist has also provided information about the whereabouts of the murdered youths.

The person who provided shelter to the assailants is also among the arrested suspects.

Manna Ramesh is currently hiding in Dubai, UAE and it was revealed that he is collecting ransom from rich businessmen in many areas including in Ratnapura and Avissawella.

The police special task force and three special police teams are conducting investigations to arrest the underworld members who committed the double murder in Talduwa.

Four youths who were on their way to a funeral in Talduwa in a three-wheeler were recently attacked by members of Manna Ramesh’s gang. Two youths were killed while two others were seriously injured and hospitalized.

Investigations are being conducted under the supervision of Sabaragamuwa Province Senior Deputy Inspector General of Police Sanjeeva Dharmaratne, Kegalle Deputy Inspector General of Police Roshan Rajapakshe and Senior Superintendent of Police Jayasiri Kodithuwakku.

(Divaina)

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