2022-06-27
News Categories : Committee News
COPA instructed the officials of the Ministry of Power and Energy to prepare a detailed road map for excavations in the country for the purpose of obtaining gas and crude oil.
The afore-stated instructions were given to the officials of the Ministry of Power and Energy at the Committee on Public Accounts (COPA) held recently (22) under the chairmanship of the Hon. (Prof.) Tissa Vitarana, Member of Parliament.
The officials of the Ministry made a presentation on the Liquefied Natural Gas Mining Projects (LNG) planned in Sri Lanka and their current status and pointed out that there are various obstacles to these mining.
Members of Parliament who were present inquired about the parties involved in this. They also asked if the excavations required the advice of foreign governments. Officials present said there was no need for such advice from other governments.
Accordingly, COPA instructed the officials to complete the excavations as soon as possible as it is in the interest of the country and therefore a road map should be prepared for the excavations as soon as possible.
Hon. Tissa Attanayake, Hon. Lasantha Alagiyawanna, Hon. Dayasiri Jayasekara, Hon. (Dr.) Sudarshini Fernandopulle, Hon. Udaya Gammanpila, Hon. Hesha Withanage, Hon. (Prof.) Ranjith Bandara, Hon. Niroshan Perera, Hon. Mohamad Muzammil, Hon. Duminda Dissanayake, Hon. Weerasumana Weerasinghe, Hon. (Dr.) Upul Galappaththi, Hon. Sivagnanam Shritharan, Hon. B.Y.G. Rathnasekara, Hon. Ashok Abeysinghe and Hon. Prasanna Ranaweera were present at the committee meeting held.
2025-11-22
Approval of the Committee was granted for eight reports that must be approved by CoPF under the Ministry of Finance Act The overall financial performance up to September 2025 of the major revenue-generating institutions under the Ministry of Finance was reviewed at the meeting of the Committee on Public Finance. This review took place on the Nov. 20th, when the Committee on Public Finance, chaired by Hon. Member of Parliament Harsha de Silva, met in Parliament. Accordingly, officials representing the Inland Revenue Department, the Sri Lanka Excise Department, and the Sri Lanka Customs presented the progress of their respective institutions for review. Officials representing the Public Debt Management Office also provided clarifications regarding the Medium-Term Debt Management Strategy for the period 2026 - 2030 and the borrowing plan for 2026. Furthermore, officials representing the Board of Investment of Sri Lanka explained the progress of the institution. During this discussion, foreign direct investment was reviewed, and officials pointed out that from January to September 2025, USD 827 million in foreign direct investment had been received. Accordingly, the Committee observed that the Board of Investment and other institutions should take effective measures to ensure that foreign investment continues to grow steadily over the coming years. Furthermore, approval was granted for eight reports that must be approved by the Committee on Public Finance, prepared in accordance with the provisions of the State Finance Management Act No. 44 of 2024. Hon. Deputy Ministers Chathuranga Abeysinghe and Nishantha Jayaweera, as well as Hon. Members of Parliament Ravi Karunanayake and Chithral Fernando, Attorney at Law, together with several others, attended this meeting.
2025-11-22
The document pertaining to the proposed draft Bill of the Microfinance and Credit Regulatory Authority, which is scheduled to be presented to Parliament upon Cabinet approval in the future, was extensively discussed at the Sectoral Oversight Committee on Economic Development and International Relations, Members of the Sub Committee under the Ministerial Consultative Committee on Rural Development, Social Security and Community Empowerment established to identify future steps to resolve the microfinance debt issue, and the Women Parliamentarians' Caucus. This discussion took place on the Nov. 20th, when the Committees met in Parliament under the chairmanship of Hon. Members of Parliament Lakmali Hemachandra, Attorney at Law and Samanmalee Gunasinghe. A group of officials from the Central Bank of Sri Lanka and the Legal Department of the Treasury were also in attendance. Presenting their views, the officials stated that the initial draft related to this proposed Bill was published in January 2024. They further noted that petitions had been filed before the Supreme Court of Sri Lanka regarding the said draft, and that the new draft has been prepared including the amendments ordered to be incorporated by the Supreme Court, the Committee Stage amendments submitted by the Ministry of Finance to the Supreme Court, as well as other policy-related amendments, and the Gazette has now been prepared accordingly. It was stated further that the Bill is expected to be presented to the Tenth Parliament. Accordingly, the officials stated that the objective of the Bill is to establish the Microfinance and Credit Regulatory Authority of Sri Lanka, to regulate the business of money lending and microfinance business, to provide protection to customers of such services, and to repeal the Microfinance Act No. 6 of 2016. The composition of the Board of Directors of this Regulatory Authority was also discussed during the meeting. Hon. Member of Parliament Lakmali Hemachandra, Attorney at Law pointed out that the absence of a member representing the customers of the microfinance business within the Board composition was concerning. It was also highlighted by the Hon. Members that women have been disproportionately affected due to the lack of regulation in the microfinance sector, and therefore the importance of having a Board member representing women was emphasized. Accordingly, the view of the Hon. Members was that a representative from the National Commission on Women, or the Ministry of Women and Child Affairs, or the Secretary to the line Ministry should be appointed as a member of the Board of Directors. Meanwhile, various other matters contained in the draft Bill were also discussed at length. It was stressed that the purpose of the Bill should be to prevent the social crisis and harm that have arisen at ground level due to the operation of microfinance lending activities without any form of regulation. Accordingly, the Committee instructed the officials to incorporate the necessary amendments into the Bill that is to be introduced in the future. The officials stated that such amendments may be introduced at the Committee Stage of the Bill. Members of the Sectoral Oversight Committee on Economic Development and International Relations, members of the Women Parliamentarians’ Caucus of the Parliament of Sri Lanka, Members of the Sub Committee under the Ministerial Consultative Committee on Rural Development, Social Security and Community Empowerment established to identify future steps to resolve the microfinance debt issue, and several officials participated in this meeting.
2025-11-21
Hon. Minister of Women and Child Affairs, Saroja Savithri Paulraj stated that creating a society with an elevated mindset capable of serving humanity as human beings is the objective of the politics of the government. The Hon.Minister made these remarks during a meeting with representatives of the Eastern Social Development Foundation. She made these remarks on the occasion of the Women Parliamentarians’ Caucus in Parliament held in Parliament recently, (Nov. 17) to discuss improving the political inclusion of women’s groups who do not have representation in local politics. Attention of the Women Parliamentarians’ Caucus was also drawn to further expanding the possibility of obtaining nominations in a manner that represents special population groups living in the country. Furthermore, activities and the future work plan to be carried out under the leadership of the Women Parliamentarians’ Caucus to support the global 16 Days of Activism against Gender-Based Violence (GBV) from November 25 to December 10 were also discussed with representatives of the United Nations Population Fund (UNFPA). Members of the Caucus Hon. Deputy Chairperson of Committees Hemali Weerasekara, Samanmali Gunasingha, Krishnan Kalaichelvi, A.M.M.M. Rathwaththe, Hiruni Wijesinghe, Attorney at Law, Hasara Liyanage, Attorney at Law, Lakmali Hemachandra, Attorney at Law, Geetha Herath, Attorney at Law, and Thushari Jayasingha, Attorney at Law were present at this meeting held.
2025-11-20
The Sectoral Oversight Committee on Environment, Agriculture and Resource Sustainability has drawn attention to the importance of accurately surveying and swiftly completing the mapping of all land in Sri Lanka. This matter was discussed when the Committee met on the Nov. 17th in Parliament, under the chairmanship of Hon. Member of Parliament Hector Appuhamy, to review the annual reports and annual performance reports of several State corporations, departments, commissions, and boards for the years 2021, 2022, and 2023. During the meeting, officials from the Survey Department informed the Committee that, as estimated, Sri Lanka has approximately 16.5 million land parcels, of which only about 2.5 million have been surveyed and mapped. Emphasizing the importance of completing the surveying and mapping of the remaining land parcels as soon as possible, the Committee Chairman stated that all relevant parties would be summoned before the Committee to discuss the necessary actions and the future work plan. The Committee also reviewed the annual reports of the Land Reform Commission for the years 2022 and 2023. In addition, the Committee held extensive discussions regarding the revenue loss caused by the Land Reform Commission granting land without entering into legally valid agreements. The Committee Chairman emphasized the importance of issuing land under proper lease agreements in the future and instructed officials to formulate a mechanism to recover the outstanding lease payments and present a comprehensive report on all arrears to the Committee. The meeting was attended by Hon. Opposition Leader Sajith Premadasa, and Committee Members Hon. MPs Gnanamuttu Srineshan, Susanta Kumara Navaratna, Sudath Balagalla, and Attorney-at-Law Bhagya Sri Herath.
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