A new Corporation will handle the revival of State enterprises which had been shut down.
Cabinet Spokesman Keheliya Rambukwella said it will be known as the State Resources Management Corporation.
It will manage and develop under utilized assets of public ventures and other semi government institutions presently non operative. The new Corporation will take over current assets of all non-viable state ventures and develop them to make profit making ventures.
Cabinet nod had been received to build a medical faculty for the Sir John Kotelawela Defence University. It is a proposal by President Rajapaksa. The Medical Faculty to come up in three stages will cost 1340 million rupees.
New legislation will be enacted to prevent the illicit slaughter of Milch Cows. Cabinet nod had been given to solicit the advice of the Attorney General to amend the Animals Act No: 29 of 1958. Provisions will be made to hand down severe punishment to those who kill pregnant and lactating cows.