Connect with us

News

Only 31 out of 179 foreign investment projects, efficacious

Published

on

Given the consideration of the performance report of the Department of Project Management and Monitoring, the current status of Foreign Investment Projects was taken up for discussion where it was disclosed that only 31 projects out of 179 Foreign Investment Projects are efficacious.

The inquiry into this took place when the Sectoral Oversight Committee on National Economic and Physical Plans met in Parliament recently (21) under the Chairmanship of Hon. Mahindananda Aluthgamage, Member of Parliament.

Whilst it was disclosed that approximately 2.6 trillion rupees have been received for Foreign Investment Projects from foreign funded institutions, the Committee emphasized that it is very regrettable that the foreign loans and grants obtained for the country’s capital expenditure through such projects are not properly implemented to achieve the desired results through the related projects.

The Committee pointed out that the expected objectives are not being achieved through these projects and that the foreign debt of the country is increasing rapidly, and the reason for this is the weakness of the relevant Ministries and their operating institutions as well as the project monitoring units established for the implementation of these projects.

Accordingly, the Committee instructed the officials present to submit a report in this regard within one month. The Committee also approved the performance report of the Department of Project Management and Monitoring.

Following the said discussions, 4 performance reports including the performance report of the Department of Project Management and Monitoring and 3 annual reports were considered in the Sectoral Oversight Committee on National Economy and Physical Planning.

Accordingly, the Performance Report of Department of Public Finance 2022, Performance Report of the Department of National Planning 2022, Annual Report of the Ceylon Industrial Development Board 2020, Annual Report of the Sri Lanka Tourism Development Fund 2020, Performance Report of Local Loans and Development Fund 2021, Performance Report of Ministry of Plantation Industry 2022 were considered at the Committee meeting held.

News

Internet access to all secondary schools by 2026 end – PM

Published

on

By

The government hopes to provide internet access to all secondary schools in Sri Lanka by the end of 2026.

Prime Minister and Education, Higher Education and Vocational Education Minister Harini Amarasuriya said this in Parliament yesterday (July 09).

She said that as a start up towards fulfilling this goal, the Government has introduced Rs.5,000 unlimited data packages to schools in the country.

The Prime Minister also revealed that a National Education Management System is being developed at present with the support received from the Sri Lanka Air Force (SLAF) under the ‘Clean Sri Lanka’ initiative.

The Education Minister said that plans are afoot to provide smart boards and other relevant computer equipment and accessories to around 1,000 schools in the country initially and stated that Cabinet approval has been already received in this regard.

She further informed the House that the Government has made a decision to distribute 1,900 smart boards to 1,500 schools in the country that badly require them.

Continue Reading

News

Body of man found in Homagama

Published

on

By

The body of a man has been found on the unopened Homagama alternative road this morning (July 10), police said.

The victim, believed to be about 35 years old, had a head wound consistent with being struck by a weapon, a swollen neck, and a visible blood stain near his neck, according to police.

The alternative route, which remains unopened, is reportedly very dark at night. Investigators suspect the man was killed elsewhere and transported by vehicle before being dumped at the scene.

Crime Scene Investigation (CSI) officers from the Nugegoda Police Division have begun preliminary investigations, while the Homagama Police are conducting further inquiries.

Continue Reading

BIZ

Imported milk powder prices upped

Published

on

By

The price of a 400g pack of imported milk powder has been raised by Rs.100, according to the Milk Powder Importers’ Association.

Previously priced at Rs.1,100, the new cost for a 400g pack is now Rs.1,200.

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved