2020-11-27
News Categories : Committee News
Stern regulatory measures have been taken to improve the quality of reclaim tea Plantation Minister Dr. Ramesh Pathirana said in Parliament yesterday (26).
He was responding to a question raised by Parliamentarian Udayana C. Kiridiyagoda regarding the quality of reclaim tea which is commonly known as refused tea at the Ministerial Consultative Committee on Plantation.
Speaking further the Minister said that all tea processing factories will be subjected to an inspection on required standards and licenses will be issued only to those factories which meet the 80% limit.
Speaking further the Minister said that a standard inspection is being carried out in every tea refining factory. Only factories that meet the 80% limit will be licensed
Inspections are being carried out and license have been issued for only two factories in the Ambalangoda area and in Gampola area license have been issued for only 26 out of 172 factories , the Minister said.
The Minister further stated that although seven days have been given for transportation previously, it has now been reduced to two days and these will be inspected by the Tea Board during loading and unloading.
The Minister stressed that it is gratifying that the price of rubber in Sri Lanka has increased and that the Ministry is focusing on uplifting the rubber industry. Restrictions have been imposed on the import of rubber, since the import of rubber cannot be stopped completely said the Minister.
He also said that a large-scale tire factory is planned to be set up in Hambantota at a cost of US $ 300 million and this will be a great benefit to the rubber manufacturers. The Minister also said that the Board of Investment had approved last week a project to be launched with the Chinese company 'Hainan Rubber Group' worth US $ 1.8 billion, which is expected to be the largest investment in the plantation industry by 2021.
The Minister said that, the Ministry is now focusing on further regulating the sale of coconut lands since the sale of coconut lands has become a serious crisis. The Minister also drew attention to the need to formulate a methodology for obtaining a license to cut down coconut trees.
MP Palani Digambaram pointed out the importance of finding a proper solution to the problem of wasp attacks on the people in the plantation areas. The Minister said that solutions will be provided for this as soon as possible.
The Gal-oya Plantations (Pvt) Limited, which is 51% owned by the government, has been involved in a number of irregularities in the recent past and it is important to look into this matter immediately, said MP Madura Vithanage. Minister Ramesh Pathirana stated that the Ministry will pay immediate attention with regard to this matter.
In addition, attention was drawn to the development of palmyra cultivation in the Northern Province, the development of kithul cultivation in the country and the establishment of a system to provide relief to farmers for the preservation of minor export crops.
State Minister of Company Estate Reforms, Tea and Rubber Estates Related Crops Cultivation and Factories Modernization and Tea and Rubber Export Promotion Kanaka Herath , State Minister of Coconut, Kithul and Palmyrah Cultivation Promotion and Related Industrial Product Manufacturing & Export Diversification Arundika Fernando , State Minister of Development of Minor Crops including Sugarcane, Maize, Cashew, Pepper, Cinnamon, Cloves, Betel Related Industries and Export Promotion Janaka Wakkumbura Members of Parliament Palani Digambaran,, Udayana Kiridiyagoda and a number of government officials were present at this meeting.
2026-02-16
The Microfinance and Credit Regulatory Authority Bill was considered and approved by the Committee on Public Finance.This took place at a meeting of the Committee held in Parliament on 10.02.2026 under the Chairmanship of Hon. Member of Parliament Dr. Harsha de Silva, with the participation of Hon. Deputy Ministers Chathuranga Abeysinghe, (Dr.) Kaushalya Ariyaratne, and Nishantha Jayaweera, as well as Hon. Members of Parliament Attorney-at-Law Rauff Hakeem and Nimal Palihena.The Bill has been drafted with the objectives of establishing the Sri Lanka Microfinance and Credit Regulatory Authority, regulating the money lending business and microfinance business, protecting customers engaged in such businesses, repealing the Microfinance Act, No. 6 of 2016 and providing for matters connected therewith or incidental thereto.The Chair of the Committee stated that the original draft of this Bill, which had been presented in 2024, was challenged before the Supreme Court, and that the constitutional inconsistencies identified by the Court appear to have been addressed in this new draft. The Committee expressed its appreciation for the Bill, which had been prepared after obtaining the views of all stakeholders.Officials stated that the Authority to be established under this Bill will issue licenses to and regulate persons engaged in money lending and microfinance businesses, and that the Authority will be governed by a Board of Directors. It was further noted that no person may conduct a money lending business without a license issued by the Authority.The Committee inquired whether online lending activities would also fall under the purview of the Authority. Officials clarified that online lending may also be carried out only by licensed entities. They further emphasized that customer protection is a primary objective of the Bill.Discussions were also held regarding whether the Bill adequately covers the social empowerment role of community-based financial institutions, including through the introduction of relaxed regulatory fees or simplified compliance requirements. Practical operational issues and consumer protection were also identified as areas requiring further attention.Officials noted that certain lenders, such as e-commerce operators, would not fall within the scope of this Act.Taking into account the prevailing public mistrust and uncertainty surrounding legislative reforms, the Committee recommended that the Ministry of Finance, Planning and Economic Development implement effective communication programs to raise awareness among the public and all stakeholders. As an initial step, the Committee suggested publishing a document containing Frequently Asked Questions (FAQs).As the Authority will be vested with statutory powers to determine maximum interest rates in both the lending and deposit sectors, the Committee advised officials to exercise such powers in a manner that preserves the nature of the various financial instruments used by microfinance institutions for savings and lending activities.The delegation of powers to Divisional Secretariat offices was also discussed at length. Officials stated that small-scale lenders would not be required to travel to Colombo to engage with the Authority, and that limited powers relating to connected functions (such as processing applications and other routine matters) would be delegated to the Divisional Secretariat level. The Committee emphasized the need for a robust information technology system to ensure the effective and efficient implementation of this process.Furthermore, at the same meeting, the Committee also considered and approved the Resolution published in Extraordinary Gazette No. 2464/15 under the Customs Ordinance (Chapter 235), as well as three Orders issued under the Special Commodity Levy Act.
2026-02-13
Select Committee of Parliament to look into and Report to Parliament on the release of 323 Containers from the Port of Colombo without undergoing mandatory physical inspection and submit its proposals and recommendations in that regard, met for the third consecutive day on 11.02.2026 in Parliament. The meeting was chaired by the Hon. Minister of Justice and National Integration, Attorney-at-Law Harshana Nanayakkara.A group of officials from Sri Lanka Customs, including Director General of Customs Mr. Seewali Arukgoda, were summoned before the Committee, and evidence relating to the incident was recorded.Prior to the commencement of evidence, the Chair informed the Committee that the Hon. Minister of Ports and Civil Aviation, Mr. Anura Karunatilaka, had tendered his resignation from the membership of the Committee, and that another member would be appointed in due course to fill the vacancy.The meeting was attended by Committee members: Hon. Deputy Minister of Industry and Entrepreneurship Development Chathuranga Abeysinghe, Hon. Deputy Minister of Public Security and Parliamentary Affairs, Attorney-at-Law Sunil Watagala, Hon. Deputy Minister of Energy Arkam Ilyas and Hon. Members of Parliament Attorney-at-Law Dayasiri Jayasekara, Ajith P. Perera, D. V. Chanaka, Mujibur Rahuman, Dr. Najith Indika and Attorney-at-Law Lakmali Hemachandra.
2026-02-13
Officials from the Ministry of Digital Economy stated that there are plans to provide every person in the country with High-Speed Broadband connectivity by the year 2029.These remarks were made during a meeting of the Sectoral Oversight Committee on Science, Technology and Digital Transformation, held in Parliament on 06.02.2026 under the chairmanship of Member of Parliament (Dr). Janaka Senarathne, to discuss the action plan related to the allocation of 2026 budget provisions for the Ministry of Digital Economy and the Ministry of Science and Technology.At this meeting, (Dr.) Hans Wijayasuriya, Senior Advisor to the President, made a detailed presentation before the Committee regarding the programme planned to provide High-Speed Broadband connectivity to every person in the country. He pointed out that steps are being taken this year to install 100 new telecommunication towers. He further stated that between 600 to 1000 telecommunication towers would be required to fully meet the national requirement, and that this would be carried out in stages.He also emphasized that although approximately 98% internet coverage currently exists in the country, it does not meet the requirements for High-Speed Broadband coverage. Therefore, he stated that the existing capacity must be increased by around 25% in order to provide High-Speed Broadband facilities to every child.Furthermore, he noted that a commercial model will be prepared in relation to telecommunication towers, and opportunities will be given to the private sector to submit bids for this purpose.The Committee also focused attention on the need to improve digital literacy in areas outside Colombo, and it was proposed that programmes be organized through District Secretariat offices for this purpose.In addition, discussions were held regarding the action plan for allocating 2026 budget provisions for the Ministry of Science and Technology, and several annual reports and performance reports of institutions were approved.The meeting was attended by Hon. Deputy Minister Chathuranga Abeysinghe, and Members of Parliament Chandima Hettiarachchi, Lasith Bhashana Gamage, Chathura Galappaththi, Aboobucker Athambawa and Ruwan Wijeweera.
2026-02-13
The Committee on High Posts of parliament has approved the nominations of four Heads of Mission. The approval was granted when the Committee met in Parliament recently (Feb. 06) under the chairmanship of Prime Minister Dr. Harini Amarasuriya.Accordingly, the Committee approved the nominations of Mr. Horana Mahawatte Gedara Saman Kumar Chandrasiri as the Ambassador of Sri Lanka to the State of Israel, Mr. Warnakulasuriya Peter Rohan Dhammika Fernando as the High Commissioner of Sri Lanka to the Republic of Kenya, Anura Withanage as the Ambassador of Sri Lanka to the Lebanese Republic, and Mohamed Farook Mohamed Fawzer as the Representative of Sri Lanka to the State of Palestine.
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