The galle face struggle is a different wave,It is not something people started due to poverty – Governor of the Central Bank”
Central Bank Governor Dr Nandalal Weerasinghe comments on the struggle that took place near Colombo Galle Mudoora Pitiya. He says that the struggle came as a different wave and it did not come because people could not live in poverty. He also mentioned that a part of some people took to the streets due to a change in the attitude of the middle class. But if the next wave of poor and low-income people take to the streets, it may end in bloodshed, he said, adding that such a situation cannot be controlled and it is the most dangerous situation. He said this in his speech to the members of Parliament regarding the economic situation of the country.
Inflation in Sri Lanka-A mobile app for 5000 rupee for law income people in Sri Lanka
The government is preparing to start a new welfare program (package) in which 43 lakh low-income families and individual units of the country, including Samurdhi beneficiaries, will be registered through a telephone application and given 5000 rupees each monthly. Until now, due to the political pressure caused by the selection of the deserving by the government officials, the World Bank together with the Central Bank has planned to directly select the individuals and families who are suffering from poverty. The support for this program is provided by the World Bank as per the recommendation of the International Monetary Fund that another protection program should be implemented for the people who are suffering due to the economic crisis in the country. Accordingly, in addition to the 17 lakh community who are currently receiving the Samurdhi benefit, individuals and families who are expecting the Samurdhi subsidy, the elderly, kidney patients and the disabled are also included in this new relief package. In addition to this, another 600,000 families and individuals identified as impoverished due to the current economic crisis will also benefit. The government has planned to implement this subsidy package for a period of two years in the initial phase. Commenting on this subsidy package, a Finance Ministry official said, “One of the accusations made by the Financial Fund is that there has been no transparency in the distribution of subsidies in the country so far. Therefore, in this new program we are introducing a mobile app.”
Economic Crisis in Sri Lanka-There is no investers for 68 of the 74 plots in the port city colombo
Plots of land in the Colombo Port City have been allocated for foreign investors, but it is reported that only six plots have been acquired by the investors so far. 74 plots in the port city have been reserved for investors and so far no investor has come forward for 68 plots. The investor who is currently encouraged for six plots has not been able to start his activities because the legal regulations related to the port city have not yet been implemented. Operated as a Chinese-Sri Lankan joint investment, Colombo Port City has an area of 269 hectares.
Inflation in Sri Lanka-Bread sold for 260 and a bun for 100 even now
With the shortage of wheat flour in the plantation areas, consumers have faced various difficulties as some traders have deliberately increased the prices of wheat flour and bread buns. Consumers say that some traders are selling wheat flour at a price between 375 and 400 rupees, bread at 240-260 rupees and buns at a price between 80-100 rupees. They further say that these traders know that wheat flour-related foods are eaten in abundance in those areas and are extorting the prices of wheat flour and wheat flour-related foods.
Inflation in Sri Lanka-1Kilogram of Flour is 500 So a bread will sold for 350.. buns for 150 may be there is no bread in a month
The All Ceylon Bakeries Association states that if a solution is not given to the current shortage of wheat flour in the country, within a month, the bakery production including bread buns will be completely lost. Its chairman Mr NK Jayawardena states that in such a situation people will not be able to go and buy a piece of bread. Due to the shortage of foreign exchange, the main flour import companies in this country are currently stopped importing their flour stocks. He also said that due to the importation of flour, there is a debt amount of 700 million dollars to be paid, so only hand money is able to get more flour. He further said that the price of a bundle of flour has increased to 25,000 rupees and if you buy flour at that price and make bread, a piece of bread can cost more than 350 rupees and a bun can cost more than 150 rupees.
Economic Crisis in Sri Lanka-350 million for the first instalment of the IMF loan have to privatize 39 public institutions
It is reported that 39 government institutions must be restructured to receive the first instalment of the loan given to Sri Lanka from the International Monetary Fund. Under this, the government institutions that are suffering losses are to be privatized Among the conditions presented by the International Monetary Fund is the reduction of corruption, political stability, obtaining a financial guarantee from local and foreign debt holders, and providing relief to the poor, including the implementation of the economic reform package. Sri Lanka has so far received loans from 2500 individuals and 117 institutions and 5000 crore rupees from state banks. 350 million dollars is to be received as the first loan instalment of the financial fund.
Sri Lanka won by 04 wickets in the match between Sri Lanka and Afghanistan
In the match between Sri Lanka and Afghanistan for Asia Cup, Sri Lanka won by 04 wickets. The Afghanistan team, who batted first in the match, scored 175 runs for the loss of 6 wickets at the end of their 20 overs. The Sri Lankan team played the reply innings and recorded the victory by losing 06 wickets in 19.1 overs.
Economic Crisis in Sri Lanka-Telephone charges are increased from tomorrow
All the telephone companies in Sri Lanka have announced other new charges effective from tomorrow. The announcement regarding the increase in service charges and increase in taxes is as follows.
Economic and Political Crisis in Sri Lanka-India should come forward to develop Trincomalee as an energy hub – Sri Lankan High Commissioner to India
Mr. Milinda Moragoda, the High Commissioner of Sri Lanka in India, has expressed confidence to the Indian media that the loan grant from the International Monetary Fund is not huge, but based on the confirmation received from it, Sri Lanka will be able to bring other aid and investors. Mr. Milinda Moragoda has also stated that the aid amount from the International Monetary Fund can be considered as the first step in an economic journey and that he appreciates the incentives provided by India for that. Furthermore, Mr. Milinda Moragoda has stated that India should come forward to develop Trincomalee as an energy headquarters.
The Political Crisis in Sri Lanka-The budget is passed with a majority of 115 votes
. The second reading of the budget presented to Parliament by President Ranil Wickremesinghe has been passed with a majority of 115 votes. In the voting held today in Parliament, 120 votes were received in favor of it and 5 votes were received against it. 43 MPs abstained from voting. The Samagi Jana Balawegaya and the Sri Lanka Podujana Group, which broke away from the ruling party, abstained from voting on this bill.