India offers USD 100 million line of credit for solar projects
India has offered a Line of Credit (LoC) worth USD 100 million to Sri Lanka for projects in the solar energy sector, the Indian High Commission said.
India has offered a Line of Credit (LoC) worth USD 100 million to Sri Lanka for projects in the solar energy sector, the Indian High Commission said.
Former Defence Secretary General (Retd.) Cyril Ranatunga has passed away, it has been reported.
The fuel price hike was a collective decision taken by the Government led by the President and the Prime Minister, Agriculture Minister Mahindannda Aluthgamage said.
The Court of Appeal today (16) granted bail to former Director of the Criminal Investigation Department (CID) SSP Shani Abeysekera and Sub Inspector Sugath Mendis.
Highlighting the resolution on Sri Lanka adopted by the European Parliament recently, former Justice Minister Thalatha Atukorale warned that Sri Lanka could lose access to the Generalised Scheme of Preferences Plus (GSP+) concession if they continue the politically motivated witch hunt against former CID SSP Shani Abeysekera and other political prisoners.
Sri Lanka is facing the grave risk of the rupee hitting 300 against the US dollar if the GSP+ tax concession is revoked at a time when only the tea and garment industries are able to earn foreign exchange for our country, former Prime Minister Ranil Wickremesinghe warned.
The statement issued yesterday (12) by the General Secretary of the Sri Lanka Podujana Peramuna (SLPP) Attorney-at-Law Sagara Kariyawasam which stated that Energy Minister Udaya Gammanpila must take complete responsibility for the fuel price increase and therefore must submit his resignation has come under heavy flak from senior Ministers of the ruling coalition, it is reported.
With the Covid-19 crisis hitting the global oil industry hard, plummeting crude oil prices allowed the Ceylon Petroleum Corporation (CPC) to rake in nearly USD 2 billion in profits, a former senior economist at the Central Bank said.
The Bar Association of Sri Lanka (BASL) has expressed deep concern regarding the government's decision to regulate fake news on social media.
The United National Party (UNP) says that the Government's recent fuel price hike is another indication of their continued economic mismanagement and short-sighted policies.