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People’s Bank & NSB yet to recover loans worth Rs. 700 bn.!

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Parliamentarian Patali Champika Ranawaka the amount of loans  not recovered by the People’s Bank & National Savings Bank, amounts to Rs. 700 billion.

Speaking in Parliament today (Nov. 29), he said that it extremely unfair to recapitalize banks through public taxes without recovering these loans.

He also revealed that names of several MPs are also among the lists of those who owe to banks in this manner.

The MP emphasised that although the Committee of Public Finance has requested for the lists, the banks have failed to produce them so far.

He added that if these lists are revealed, the reputation of many persons who talk of things such as corruption, injustice as well as law and order, will be in tatters.

Therefore, what the government should actually do is to propose an active programme to recover these loans instead of pressing the taxpayer for more.

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Several spells of showers expected today

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The Meteorology Department says several spells of showers will occur in Western, Sabaragamuwa and North-western provinces and in Kandy, Nuwara-Eliya, Galle and Matara districts today (June 06).

Showers or thundershowers may occur at a few places in Uva and Eastern provinces and in Vavuniya and Mullaittivu districts during the afternoon or night.

Fairly strong winds of about 30-40 kmph can be expected at times over Western slopes of the central hills and in Southern province.

The general public is kindly requested to take adequate precautions to minimize damages caused by temporary localized strong winds and lightning during thundershowers.

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Top defence officials of India – SL meet in Colombo (Pics)

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Indian Defence Secretary Mr. Rajesh Kumar Singh, leading a high-level delegation, held separate meetings today (Jun 05) with Sri Lanka’s Deputy Minister of Defence Major General Aruna Jayasekara and Defence Secretary Air Vice Marshal Sampath Thuyacontha (Retd). 

The meetings were also attended by the High Commissioner of India to Sri Lanka, H.E. Santosh Jha, reflecting the importance accorded to strengthening bilateral defence relations.

Discussions focused on key areas of mutual interest, including, bilateral defence cooperation, military exchanges and joint training opportunities, capacity building, collaboration in disaster management and humanitarian assistance.

During the meeting the Deputy Minister of Defence, recalled the close and long-standing friendship between neighbouring India and Sri Lanka, and expressed gratitude to the people and government of India for the support they have extended in the past, especially in times of need.

When the Indian delegation met the Sri Lankan Defence Secretary at the Ministry of Defence premises, Defence Secretary Thuyacontha (Retd.) expressed gratitude to the Government of India for the continued cooperation in strengthening Sri Lanka’s defence capabilities.

In response, his Indian counterpart reiterated India’s commitment to maintaining close and friendly relationship with Sri Lanka and expressed firm resolve to further enhance defence and security cooperation, contributing to peace, stability, and prosperity in the region.

Both sides agreed to continue regular high-level engagements and to explore new avenues for cooperation, particularly in maritime security, counter-terrorism, and capacity development.

(defence.lk)

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Marine Drive tree planting project held (Pics)

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In line with World Environment Day, a tree planting and conservation project was launched this morning (5) along the coastal stretch of Colombo’s Marine Drive, from the Kollupitiya Railway Station towards Wellawatte. The initiative is being implemented by the Clean Sri Lanka Secretariat Office.

Marking the commencement of the project, 1,600 Takkada (Scaevola taccada) saplings were planted today, with plans to expand the number to 6,000 in the near future. The project is being carried out with participation from state institutions, private organisations and the general public.

The Takkada plant, which includes two species highly resistant to saline environments, is listed as a threatened species on the Red Data List. The Scaevola taccada species planted today typically grows as a shrub reaching heights of 5 to 6 feet. Its dense green foliage and compact height make it ideal for urban settings, enhancing cityscapes with both environmental and aesthetic value.

This initiative is being carried out with the collaboration of the Sri Lanka Army, Sri Lanka Police (Environmental and Traffic Divisions), Sri Lanka Railways, Road Development Authority, Urban Development Authority and the Colombo Municipal Council. It is sponsored by LB Finance PLC and Hemsandu Marketing Company.

The event was attended by Colombo Municipal Councillor Vraie Cally Balthazaar, Senior Additional Secretary to the President (Finance and Economic Affairs) G.M.R.D. Appuhamy, along with representatives from the sponsoring organisations and other distinguished guests.

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