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India infuses additional funds into ongoing grant projects

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High Commissioner of India,- Mr. Santosh Jha and Secretary, Ministry of Urban Development and Housing Mr. W.S. Sathyananda signed and exchanged diplomatic letters today (March 21) to formalize Government of India’s (GOI) decision to provide an additional grant of SLR 150 million for the Construction of Houses and Infrastructure Facilities in Sobitha Thero Village in Anuradhapura. 

With this, GOI’s total commitment to the project currently stands at SLR 450 million.
With the formalization of the additional grant amount, 90 houses shall be constructed in the village with the GOI grant.  The project is currently underway and the proposed houses are at various stages of construction. The project is being executed in collaboration with Ven. Maduluwawe Sobhitha Thero Commemoration Foundation.

 Responding to the drastic changes in the economic landscape of Sri Lanka, GOI decided to infuse additional funds into 9 ongoing grant projects in order to expeditiously complete these projects, while also minimizing the impact of the sharp rise in cost of construction materials on the original scope of projects. The extent of additional funds is upto 50% of the original commitment by GOI in each of the 9 projects.

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Forests on state lands to be designated as reserves

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The Ministry of Environment has decided to designate several forests located on state owned lands as official forest reserves.

Deputy Minister – Anton Jayakody has stated that such forests, each spanning 05 hectares or more, have been identified in every district.

Special priority will be given to designating forest reserves on mountain peaks.

In the first phase, 20 forests in districts including Monaragala and Ampara have been selected under the new program named ‘Vanaspathi’,  he said.

He further said the initiative aims to protect these forest areas and expand the country’s forest cover.

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No cases filed against 22 banned pyramid schemes – CBSL

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Although the Central Bank of Sri Lanka (CBSL) has banned 22 institutions operating illegal pyramid schemes, no legal action has been taken against any of them so far, according to reports.

This was disclosed during a workshop held at the CBSL yesterday (July 08) on the dangers of pyramid schemes.

According to CBSL officials, after initial investigations, the files were handed over to the Criminal Investigation Department (CID) for further inquiry.

The CID’s Financial Crimes Unit has reportedly completed its investigations and submitted findings to the Attorney General’s Department, which is responsible for filing cases.

However, it was noted that not a single case has been filed to date.

The CBSL states that investigations will be continued against companies engaged in these illegal practices and hopes at least one or two such cases would be filed by the end of this year or early next year (2026).

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NPP’s Nishantha Jayaweera sworn in as MP

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U. D. Nishantha Jayaweera was sworn in as a National People’s Power (NPP) National List Member of Parliament before the Speaker of the House – Dr. Jagath Wickramaratne, today (July 09).

He fills the Parliamentary seat left vacant following the resignation of Dr. Harshana Suriyapperuma last month.

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