The government has decided to import iron from India with a $ 1 billion loan for food
The government has decided to import iron ore from India with a $ 1 billion loan given to India to buy essential items including food, according to the Sunday Times. Of that billion, $ 250 million has already been spent, and the remaining $ 750 million will be used to import iron and steel. According to the report, economists are questioning the import of iron and steel when there is a huge shortage of essential food items, gas, fuel and other commodities in Sri Lanka and there are powerful government-linked businessmen behind the import of iron and steel from these loans. Negotiations are already underway with Indian banks to facilitate the import of these iron and steel.
Sri Lanka takes a challenging decision to import crude oil from Russia for a huge profit
It is reported that Sri Lanka is exploring the possibility of PTO fuel from Russia. The aim is to obtain cheaper fuel from Russia in order to keep the high cost of fuel imports low. The Ceylon Petroleum Corporation has sought the advice of the Ministry of External Affairs regarding the sanctions currently imposed on Russia and the purchase of fuel from Russia. The Secretary of the Ministry of Foreign Affairs said that discussions were held with the Ministry to explore the possibility of purchasing fuel from Russia. The CPC has resorted to this because of the conflict between Russia and Ukraine, which has made it possible to obtain Russian fuel at very low prices. However, it has been decided to proceed with this work on the recommendation of the Ministry of External Affairs.
Organically fertilized tea plantations are destroyed .. No leaves .. Only stink
Due to the absence of urea chemical fertilizer for tea cultivation for about a year, compost fertilizer was applied to the tea plantations but no sign of growth was seen in the tea plantations. Small tea farmers in the Balangoda area point out that compost manure is just a pile of decaying garbage. Due to the lack of chemical fertilizers, it took almost a year to apply compost or organic manure to the tea plantations, but it did not increase the yield or the growth of tea bushes, the tea estate owners said. Tea small tea state owners area points out that the situation could have worsened if the tea plantations had not been chemically fertilized for several months. They point out that they could not get even a return on the money spent on compost manure and that only the strong stench emanating from the compost manure remained.
Sri Lanka brought loan for dairy and animal products from New Zealand
New Zealand has agreed to provide a concessionary loan scheme for dairy and animal products to Sri Lanka. The agreement was reached during a meeting between the New Zealand High Commissioner and Minister of Public Administration and Home Affairs Dinesh Gunawardena. The Minister said that the focus was on developing the economic and development relations between the two countries
Presidents message on Mayday – It’s better to provide immediate relief for people instead of searching for who caused the issue
President Gotabhaya Rajapaksa has once again invited all political party leaders to reach an agreement on behalf of the people to overcome the existing challenges. It is issuing a message on the occasion of World Labor Day. The president urges working people to put politics aside for working people and join the struggle for a better direction with a pro-people revolutionary transformation. The President pointed out that instead of following up on who caused the devastation, what we need to do at this moment is to focus on what can be done to provide immediate relief to the people. The May Day message issued by the President stated that our goal is to find solutions to the existing crises by entering into solutions that can alleviate the suffering of the people every second. Meanwhile, the parties representing the government have been asked to submit proposals to form an all-party government as soon as possible. A senior government spokesman said the proposals were based on agreements reached during a meeting with the president. The spokesman said he would invite other parties to form an all-party government as soon as the proposals were received.
Today is May day
Rallies and demonstrations will be held in several cities including Colombo today (01) to commemorate May Day. Police said the rallies were organized by groups including major political parties and trade unions. However, the ruling party has not organized a May Day rally or a May Day rally this time. However, arrangements have been made to hold the May Day Rally of the Progressive Trade Union Center of the Sri Lanka People’s Front at the Ananda Samarakoon Outdoor Theater in Nugegoda.