Connect with us

News

Stalin submits memo to Modi on issues including retrieving Kachchateevu

Published

on

Tamil Nadu Chief Minister M.K.Stalin has submitted a memorandum to Prime Minister Narendra Modi on various issues concerning the State, including retrieval of the islet Katchatheevu (ceded to Lanka) to restore the fishing of fishermen in the Palk Bay.

It was submitted by the Chief Minister, while seeing off Mr Modi at the airport after the Prime Minister’s visit to the State during which he attended four events in his short visit.

Among the requests made by the Chief Minister included, equity sharing of the costs for Chennai Metro Rail Phase-2 project, acquisition of defence land for airport expansion (especially Parandur airport, which has been facing opposition from local villagers), production linked incentive for footwear industry.

He also urged the Centre to nominate SIPCOT as the master developer for the PM’s Mitra Industrial Parak already made a similar request- and set up a Regional Centre of Sports Authority of India to promote sports, especially in the context of Mr Udhayanidhi Stalin holding this portfolio, and pitching for holding more global events, including Asian Beach Games and other sports events of Nation Importance.

Mr Stalin, in the memorandum, also urged Mr Modi to drop the formation of railway line in Dhanushkodi near Rameswaram, change in nomenclature of certain SC/ST communities, offering greater share for TN in offshore wind energy projects, rectify anomalies on Toll Plaza collections by NHAI and ensure equal civil and political rights for Eelam Tamils in Sri Lanka (as envisaged in the 13th Amendment),l and also retrieval of Katchatheevu islet, which was ceded to Lanka as per the 1974 agreement, for restoring the traditional rights of the TN fishermen.

(UNI)

(Except for the headline, this story, originally published by UNI has not been edited by SLM staff)

BIZ

Rs. 20 Bn loan lifeline for SMEs

Published

on

By

The government has taken measures to implement a Rs.20 billion credit scheme to revive the micro, small and medium enterprise sector in Sri Lanka.  

Accordingly, the Cabinet of Ministers has granted its consent to the proposal forwarded by President Ranil Wickremesinghe in his capacity as the Finance, Economic Stabilization and National Policies Minister to implement a credit scheme to revive the micro, small and medium enterprise sector.

Speaking at the weekly Cabinet media briefing held yesterday at the Government Information Department, Cabinet Spokesman, Transport, Highways and Mass Media Minister Dr. Bandula Gunawardhana said the proposed Rs.20 billion will be spent on the entire project which has two components.

“Out of this, Rs.15 billion will be used to strengthen existing and new enterprises and the remaining amount of Rs.five billion will be used to support enterprises under the non-performing loan category.

A significant number of small and medium scale entrepreneurs involved in manufacturing, import, export, tourism, apparel and various other commercial operations have found it very difficult to continue running their enterprises as a result of the economic downturn and the impact of external factors beyond their control.

The Asian Development Bank has agreed to provide working capital support for the Small and Medium Enterprise sector as a relief. The proposed programme is intended to provide credit facilities to existing micro, small and medium scale enterprises for further expansion and recovery of their businesses through licensed commercial banks and licensed specialised banks at concessional interest rates.

(dailynews.lk)

Continue Reading

News

Bakery industry in crisis as bread and bun sales decline

Published

on

By

The All Ceylon Bakery Owners’ Association (ACBOA) has reported a significant drop of around 50% in the sales of cakes, bread, and buns in the local market. The association attributes this decline to the high manufacturing costs currently faced by the bakery industry.

According to the ACBOA, the costs of margarine and butter have surged to Rs. 1,000 and Rs. 3,000 per kilogram, respectively. Additionally, the association cited challenges in obtaining imported eggs from India, forcing them to purchase locally produced eggs at Rs. 60 each.

The chairman of the association expressed concerns about the impact these rising costs have on the bakery industry. In light of these challenges, the ACBOA is urging the government to provide concessions and work towards reducing the prices of essential ingredients before the upcoming Sinhala and Hindu New Year.

The association’s plea emphasizes the need for government support to help stabilize the bakery industry and ensure its sustainability amid the current economic challenges. Further updates on the situation and any government response will be monitored closely.

Continue Reading

News

Former Minister Ronnie de Mel no more

Published

on

By

Former Minister – Ronnie de Mel has passed away today (27) while being treated at a private hospital, reports say.

He was aged 99 years old.A former civil servant, he was the Minister of Finance from 1977 – 1988 under the United National Party government and holds the record for the largest number of budgets presented by a finance minister.

Continue Reading

Trending

Copyright © 2023 Sri Lanka Mirror. All Rights Reserved