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Moragoda meets Sitharaman

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Sri Lanka High Commissioner to India, Milinda Moragoda on Tuesday (06) met with Union Finance Minister Nirmala Sitharaman.

The High Commissioner has thanked her for the brief emergency assistance India has provided to the island nation throughout its difficult period.

The Sri Lankan envoy also briefed the finance minister on Sri Lanka’s ongoing discussions with the International Monetary Fund (IMF) and the present status of the country’s debt restructuring process, according to the official statement of the High Commission of Sri Lanka in New Delhi.

Additionally, Moragoda informed her of the severe effects that Sri Lanka’s current economic contraction is having on the country’s poor and most vulnerable populations.

The High Commissioner emphasized that India could play a significant role in Sri Lanka’s economic revival through multifaceted economic integration between the two countries by enhancing investments, tourism, and trade. Minister Sitharaman and High Commissioner Moragoda also reviewed the status of bilateral economic cooperation.

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President sets maximum retail and wholesale prices for rice

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Following a discussion with rice traders, President Anura Kumara Dissanayake has directed new maximum retail and wholesale price limits for various rice types, according to the President’s Media Division (PMD).

President Dissanayake has directed rice traders to sell Nadu rice to consumers at a wholesale price of Rs. 225 per kilo and a retail price of Rs. 230 per kilo.

The President also instructed the officials Consumer Affairs Authority to closely monitor the situation over the next ten days and strictly enforce the law against rice mill owners who fail to comply with the fixed prices.

President Dissanayake made these remarks during a meeting with officials from the Ministry of Trade, Commerce, Food Security and Cooperative Development, along with rice traders, at the Presidential Secretariat today (07), the PMD said.

The President highlighted that the largest investments in the country are allocated to the Ministry of Highways, followed by the Irrigation and Agriculture sectors, with substantial subsidies provided to farmers. 

The President further pointed out that low-interest bank loans have been provided to traders for the purchase of paddy and urged rice traders not to undermine the public’s right to access affordable rice.

As a result, the following rice prices are to be implemented:

• Wholesale price of a kilo of Nadu Rice: Rs. 225, Retail price: Rs. 230
• Wholesale price of a kilo of White Rice: Rs. 215, Retail price: Rs. 220
• Retail price of a kilo of imported Nadu Rice: Rs. 220
• Wholesale price of a kilo of Samba rice: Rs. 235, Retail price: Rs. 240
• Wholesale price of a kilo of Keeri Samba: Rs. 255, Retail price: Rs. 260

The President also strongly criticized rice mill owners for frequently changing rice prices on a daily basis and instructed the Consumer Affairs Authority to monitor the daily rice production and distribution by mills.

Furthermore, President Dissanayake urged the rice traders to collaborate with the government in resolving the rice-related issues in an amicable manner, the statement added.

The meeting was attended by Minister of Trade, Commerce, Food Security and Cooperative Development Wasantha Samarasinghe, Secretary to the President Dr. Nandika Sanath Kumanayake, Secretary to the Ministry of Trade, Commerce, Food Security and Cooperative Development A. Wimalenthirajah, Secretary to the Ministry of Agriculture, Livestock, Lands and Irrigation D.P. Wickramasinghe, Director General of the Department of Development Finance Malarmathy Gangatharan, Acting Director General of the Department of Agriculture Dr. S.K. Wasala, Chairman of the Consumer Affairs Authority Hemantha Samarakoon, Chairman of the Paddy Marketing Board A.M.U. Pinnalanda, Director of the Hector Kobbekaduwa Agricultural Research and Training Institute A.L. Chandika, among other officials.

–PMD

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Rameswaram fishermen protest seeking fishers’ release from Sri Lankan custody

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Hundreds of fishermen went on a strike in Rameshwaram on Saturday condemning the arrests of 14 Tamil Nadu fishermen by the Sri Lankan Navy and the seizure of their boats. 

More than 500 boats have been docked at the Rameshwaram harbour. According to a Maalaimalar report, Mechanised Boats Fishermen’s Association held a meeting on Friday where they decided to go on strike and decided not to engage in fishing activities on December 7.

Recently, 14 Tamil Nadu fishermen were arrested by the Sri Lankan Navy and sent to Vavuniya Prison.

The associations condemned the unfair activities of the Sri Lankan Navy and demanded the immediately release of the arrested fishermen.

Source: DT Next
–Agencies

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Vote on Account for first four months of 2025 passed in Parliament

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The resolution for the Vote on Account, ensuring government operations and debt servicing for the initial four months of 2025, was passed in Parliament yesterday (6) without a vote. 

The debate on the resolution, initially presented on 3 December, spanned two days.

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