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State institutions allowed to open accounts in private banks for emergencies

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A decision has been taken during a special Cabinet meeting held today (March 01) to permit state institutions, ministries, departments and statuary boards to open accounts at private banks, if trade union actions are hindering the opening of letters of credit to import medicines and other essential goods, says the Cabinet Spokesperson, Minister Bandula Gunawardene.

During the meeting, the ministers have pointed out to the President that as a result of the state bank staff resorting to trade union actions, the continuation of public services may become problematic.

They have also highlighted that it will affect the lives of the people, if a situation emerges, where it is not possible to issue letters of credit on time, especially for the most essential services such as purchasing fuel, gas and medicines.

Accordingly, drawing attention towards this situation, the Cabinet of Ministers has proposed to permit public institutions to open and maintain accounts at private banks to be useful in case of an emergency.

Thus, the President has instructed to grant approval for the matter with prior approval of the Ministry of Finance, Minister Bandula Gunawardena said.

(adaderana.lk)

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President calls for unified environment, climate change law

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President Ranil Wickremesinghe emphasized on-going efforts to enact unified legislation addressing environmental protection and climate change. He highlighted the government’s commitment to crafting economic policies geared not only towards fostering export-oriented competitiveness but also towards transitioning to a green economy, aiming to achieve net-zero by 2050. 

Acknowledging the recent prolonged spells of extreme climate conditions as indicative of future climate change impacts, the President stressed the urgency of addressing climate mitigation measures promptly. 
He made these remarks while addressing the inaugural session of the Sri Lanka Climate Summit which commenced yesterday (07) at the Shangri-La, Colombo.

The inaugural Sri Lankan Climate Change Conference, hosted by the Sri Lanka Chamber of Commerce, commenced yesterday under the theme “Climate Action for our Nation and the Planet.” Scheduled to run until May 09, the summit aims to foster a comprehensive understanding of the multifaceted climate crisis, both from a global and national standpoint. It seeks to assess potential disruptions to critical sectors of the economy and deliberate on policy reforms necessary for transitioning towards a low-emission, climate-resilient economic framework.

During his address, President Wickremesinghe highlighted the nation’s proactive approach to combating climate change. He announced the establishment of a dedicated climate change centre in Sri Lanka and his instructions to the officials to model legislation based on the United Kingdom’s Climate Act, endorsed by global financial institutions. The President emphasized the significance of Sri Lanka’s role in addressing climate change, particularly within the Indian Ocean and the tropical belt and outlined plans for the International Climate Change University to be established in the country.

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2100 Grama Niladhari officers given appointments

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President Ranil Wickremesinghe stressed that the enhancement of the rural economy pivots on agricultural advancement. He highlighted the pivotal role of dedicated government officials at the grassroots level in ensuring the success of various government initiatives aimed at rural development, notably the agricultural modernization program. 

The President made these remarks during his address at the ceremony held at the Temple Trees today (08), where 2100 new Grama Niladhari officers were awarded appointment letters.

Following the Grama Niladhari Service Examination held by the Department of Examinations on 02nd December, 2023, 2100 candidates with the highest scores at the Divisional Secretariat Divisional Level were granted Grama Niladhari positions. 

President Ranil Wickremesinghe participated symbolically in distributing the appointment letters. He briefed the new GN Officers on government initiatives like “Aswesuma” and “Urumaya”, aimed at uplifting low-income individuals, urging them to actively engage in these programs for the economic development of their communities.

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CoPF summons Public Security Secretary & Immigration CG

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The Committee of Public Finance (CoPF) has summoned the Secretary of the Public Security ministry and the Controller General of Immigration tomorrow (May 09) for a ‘balanced inquiry in to the ongoing visa fiasco’, the CoPF Chairman – Dr. Harsha de Silva has said.

“While it is customary for all public finance related legislation be routed through COPF, this strangely was not,” he has added on X.

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