2022-11-17
News Categories : Committee News
The Governor of the Central Bank of Sri Lanka Dr. P. Nandalal Weerasinghe stated in Parliament that customers who have been inconvenienced due to the increase in the interest rates charged for the loans obtained under variable interest rates in the past is able to get relief by negotiating with the bank.
The Governor stated this when Parliamentarians inquired regarding the aforesaid at the Ministerial Consultative Committee on Finance, Economic Stabilization and National Policies held yesterday (Nov. 16) in Parliament chaired by the State Ministers of Finance Hon. Ranjith Siyambalapitiya and Hon. Shehan Semasinghe.
The Members of Parliament pointed out that due to the increase in interest rates, the entire income of some creditors has to be paid for loan installments. The CBSL Governor said that customers can pay only the relevant interest for a grace period in consultation with the bank. He further added that instructions have been given to the banks in this regard.
Also, the CBSL Governor said that the average inflation which was at a value of 70% two months ago has now decreased to 66% and the food inflation which was at 95% has decreased to 85%. He further stated that with the existing fiscal policies, this figure is expected to reach 4-5% by the end of next year. Furthermore, according to the conditions of the International Monetary Fund, a new act has been drafted to make the Central Bank an independent institution and the necessary work is being done, the CBSL Governor added.
Furthermore, the committee drew attention to the difficulty in exchanging dollars to rupees by banks. State Ministers of Finance Hon. Ranjith Siyambalapitiya asked the CBSL Governor regarding the stated issue to which the Governor responded saying that the Central Bank has not given any advice that would cause such delays.
State Minister Hon. Shehan Semasinghe also said that according to a report of the Department of Public Enterprises, 22 out of 126 institutions have not submitted their annual reports for more than 5 years and some institutions have delayed the submission of annual reports for about 7 years. Accordingly, the State Minister said that since he will be working with the International Monetary Fund in the future, he instructed the heads of the institutions to submit the annual reports within the stipulated time.
Hon. Sajith Premadasa, Leader of the Opposition, Members of the Committee Hon. Jagath Kumara Sumithraarachchi, Hon. Sahan Pradeep Withana and Parliamentarians Secretary to the Treasury/Ministry of Finance, Economic Stabilization and National Policies. Mr. K M Mahinda Siriwardana, officials representing the Ministry and institutions affiliated to it were present at the Committee meeting held.
2025-07-28
A working Committee was appointed pertaining to the future activities of the Parliamentary Caucus on Arts and Cultural Affairs, established for the Tenth Parliament. The purpose of this working Committee is to implement the programmes expected to be carried out by the Caucus for the advancement of the arts and cultural sectors of the country and to obtain ideas and proposals from experts and scholars in the respective fields for that purpose. Hon. Members of Parliament Prof. Sena Nanayakkara, Lakshman Nipuna Arachchi, Hiruni Wijesinghe, Attorney-at-Law, Nilanthi Kottahachchi, Attorney-at-Law, Sugath Wasantha de Silva, Susantha Dodawatta, Attorney-at-Law, Ruwan Mapalagama, and Dinesh Hemantha were appointed as members of this Committee. These appointments were made during the meeting of the Parliamentary Caucus on Arts and Cultural Affairs, held recently (Jul. 22) in Parliament, under the chairmanship of Hon. Member of Parliament Jagath Manuwarna, Chair of the Caucus. At this meeting, lengthy discussions were held regarding the steps that could be taken to uplift the cultural, literary, and arts sectors of the country, to promote the development of artists and professionals engaged in those fields, and on the necessity of fostering an interest among the general public and children in art appreciation. It was also proposed by the Member MPs that programmes should be initiated to create awareness among Members of Parliament and the parliamentary staff regarding the Parliamentary Caucus on Arts and Cultural Affairs. Hon. Members of Parliament Prof. Sena Nanayakkara, Lakshman Nipuna Arachchi, Hiruni Wijesinghe, Attorney-at-Law, Nilanthi Kottahachchi, Attorney-at-Law, Sugath Wasantha de Silva, Susantha Dodawatta, Attorney-at-Law, Ruwan Mapalagama, and Dinesh Hemantha were present at this Committee meeting held.
2025-07-28
No shortage of very essential medical items – Ministry of Health officials The Sectoral Oversight Committee on Health, Media and Women's Empowerment inquired into the medicine shortage and related matters at the Committee meeting held recently (Jul. 23), under the chairmanship of Hon. Member of Parliament (Dr.) Nihal Abeysinghe. Officials from the Ministry of Health informed the Committee that the current shortage of medicines has arisen due to delays in placing orders in previous years. However, they assured the Committee that procurement process for the year 2026 has already taken commenced, and there will be no shortage in 2026. They further stated that by the end of this year, 80% to 90% of essential medicine items are expected to be available in the country. In response to an inquiry made by the Committee regarding the availability of very essential medical items, the Ministry officials confirmed that there is no shortage of such items at present. Furthermore, the Committee also considered and approved the Annual Reports for the years 2022 and 2023 of the State Pharmaceuticals Corporation of Sri Lanka, the National Medicines Regulatory Authority, the Sri Lanka Ayurvedic Drugs Corporation, and the Wijaya Kumaratunga Memorial Hospital. While reviewing these reports, the Committee raised concerns over unresolved audit queries related to these institutions. The Committee Chair recommended that an internal review mechanism be established within the Ministry to ensure timely and appropriate responses to audit observations. Hon. Deputy Minister Muneer Mulaffer, Hon. Members of Parliament (Attorney-at-Law) Dayasiri Jayasekara, Amirthanathan Adaikkalanathan, (Dr.) Ramanathan Archchuna, Samanmali Gunasingha, (Prof.) Sena Nanayakkara, (Dr.) S. Sri Bavanandarajah and Jagath Manuwarna were present at the Committee meeting. Officials representing the Ministry of Health and Mass Media, including Secretary to the Ministry Dr. Anil Jasinghe, also participated in the meeting.
2025-07-28
The recommendations of the Committee on High Posts, which met on the July 24th at Parliament approved the appointments of 5 new Ambassadors, a High Commissioner, and a Secretary to the Ministry. Accordingly, Miss. Sumadhurika Sashikala Premawardhane as the Ambassador of Sri Lanka to the Republic of Indonesia, Mrs. C.A. Chaminda Inoka Colonne as the Ambassador of Sri Lanka to the Federative Republic of Brazil, Mr. Mohamed Rizvi Hassen as the High Commissioner of Sri Lanka to the Republic of Maldives, Mr. L.R.M.N.P.G.B. Kadurugamuwa as the Ambassador of Sri Lanka to the Republic of Turkey, Mrs. Ruwanthi Delpitiya as the Ambassador of Sri Lanka to Nepal, and Mr. Marimuththu K. Pathmanaathan as the Ambassador of Sri Lanka to the Republic of South Korea have been recomended by the Committee on High Posts. Furthermore, the name of Miss. Ayesha Jinasena (PC) has also been recommended by the Committee on High Posts for the appointment as the Secretary to the Ministry of Justice and National Integration. The Committee on High Posts, chaired by Hon. (Dr.) Harini Amarasuriya, Prime Minister, comprised of the following Members of Parliament: Hon. Kumara Jayakody, Hon. (Dr.) Anil Jayantha, Hon. Harshana Nanayakkara, Attorney at Law, Hon. (Dr.) Upali Pannilage, Hon. (Mrs.) Saroja Savithri Paulraj, Hon. (Dr.) Hansaka Wijemuni, Hon. Rishad Bathiudeen, Hon. Dayasiri Jayasekara, Attorney at Law, and Hon. M. Nizam Kariapper, PC.
2025-07-28
The proposed Education Reform Plan was taken into discussion at the Sectoral Oversight Committee on Education, Manpower and Human Capital. The discussions were held when the Committee met on the Jul. 25th at Parliament, under the chairmanship of Hon. Hesha Withanage, Member of Parliament. Secretary to the Ministry of Education, Higher Education and Vocational Training, Mr. Nalaka Kaluwewa, representatives of the National Education Commission, the Director General of the National Institute of Education, along with several other senior officials of the Ministry of Education, participated in this meeting. The Ministry officials explained in detail to the Committee the steps taken to prepare the proposed Education Reform Plan and also presented the steps taken in the past in this regard. The Chair of the Committee stated that experts from relevant sectors who have been involved in reforming the education sector in the past are expected to be consulted to examine the proposed Education Reform Plan more comprehensively. He further stated that the full support of the Committee will be extended to ensure the proper implementation of the Education Reform Plan. Committee Members also emphasized the need for properly structuring the syllabus when implementing reforms in the education sector and pointed out the factors that should be considered in that regard. Meanwhile, the attention of the Sectoral Oversight Committee was also drawn to the Samurdhi (Amendment) Bill. The Committee inquired into the operations of the Samurdhi Bank, and the relevant approval was granted to present the said Bill to Parliament for the Second Reading. Hon. Members of Parliament Sunil Rajapaksha, Chanaka Madugoda, Thurairasa Ravikaran, Nilusha Lakmali Gamage, Attorney at Law, and Krishnan Kalaichelvi participated in this Committee meeting.
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