By Rathindra Kuruwita The GL Peiris-led splinter group of the SLPP, the Nidahasa Janatha Sabawa (NJS), has signed an MOU with the Samagi Jana Balawegaya (SJB) to form an alliance in view of upcoming elections on Friday (05). Six NJS MPs, namely, Professor Peiris, Dilan Perera, K.P. Kumarasiri, Upali Galappatty, Wasantha Yapa Bandara and  Nalaka […]

 … draws attention to discrepancy in beneficial interest rates for EPF members By Shamindra Ferdinando Dissident SLPP lawmaker Gevindu Cumaratunga yesterday (18) said that the Wickremesinghe-Rajapaksa government owed an explanation how the Governing Board of the Central Bank had approved a massive salary increase to CBSL employees at a time the country was experiencing developing […]

What has been widely described as the “historic” Supreme Court judgment which by a majority 4-1 decision of a five-judge bench held the Rajapaksa brothers, Mahinda, Gotabaya and Basil and other unelected officials including two past Governors of the Central Bank, a former Secretary to the President, a former Treasury Secretary and some members of […]

by Jehan Perera The government is facing an uphill task to rebuild the country which continues to be in a state of economic and moral decline which was evident in parliamentary proceedings last week. The initial hopes of a quick transition from the economic and moral decline that accompanied the pre-Aragalaya period ended with the […]

[…]The post SL Debt Justice Collective Writes Open Letter To IMF On DDO  appeared first on Colombo Telegraph.

SJB Colombo District MP Dr. Harsha de Silva decried in Parliament last week what he considers a glaring injustice within the Employees Provident Fund (EPF) taxation intention. Participating in the debate on new Inland Revenue Bill, he argued that imposing taxes solely on EPF members while neglecting to tax the capital gains of private banks […]

Speaker Mahinda Yapa Abeywardena told Parliament on Friday thaty he would not revoke his ruling given on Wednesday with regard to the Parliament’s supremacy over the Supreme Court. He said that he had consulted legal experts in preparing his ruling that the Supreme Court is not empowered to issue orders or judgments of any nature against […]

By Saman Indrajith Opposition political parties yesterday (11) demanded that Speaker Mahinda Yapa Abeywardena withdraw his ruling that courts are not empowered to issue orders or judgements of any nature related to a motion already passed by the Parliament. On 09 August, the Speaker gave the ruling after Tourism and Lands Minister Harin Fernando raised a privilege issue on petitions filed against ...

By Rathindra Kuruwita Brain drain is the worst manifestation of the country’s economic crisis, Freedom People’s Congress (FPC) member and MP, Prof. G.L Peiris, said on Thursday.Prof. Peiris said that a large number of academics had left state universities. In recent years, the number of students

[…]The post Labour Reforms In A Time Of Great Crisis appeared first on Colombo Telegraph.

Parliament disregarded COPE recommendation for PSC By Shamindra Ferdinando Eksath Janaraja Peramuna (EJP) leader and SJB MP Patali Champika Ranawaka, MP, has called for the setting up of a special commission to investigate those who bankrupted the economy.  Ranawaka said that those who had served as Finance Ministers, Governors of the Central Bank and members of the […]

Sri Lankan state can’t allow even a small bank to collapse because that will trigger a bank run with a devastating impact on the economy. Governor of the Central Bank of Sri Lanka CBSL) Dr. Nandalal Weerasinghe said, on Thursday night, taking part in a televised discussion. Dr. Weerasinghe said that Domestic Debt Restructuring (DDR) […]

Banks, which pay taxes over 50%, least affected By Sanath Nanayakkare If the Employees’ Provident Fund (EPF) and other pension funds did not wish to participate in the proposed domestic debt restructuring process, there will be an application of higher annual income tax of 30%, Central Bank Governor Dr. Nandalal Weerasinghe said yesterday. The EPF […]

By Shamindra Ferdinando SJB MP Dr. Harsha de Silva said that the all-party Committee on Public Finance (COPF) would have to examine the proposals presented by the Central Bank of Sri Lanka (CBSL) and the Treasury as regards the proposed domestic debt restructuring. COPF Chairman de Silva said that the CBSL and Treasury representatives appeared […]

Expressing strong opposition to the proposed domestic debt restructuring programme announced by the government, Prof. G. L. Peiris, MP, yesterday (26) accused the Wickremesinghe-Rajapaksa administration of being insensitive and irresponsible in addressing the issue. Instead of working on a social security net to protect the needy, the government was taking a dangerous path that would […]