2022-12-13
News Categories : Committee News
Minister of Trade, Commerce and Food Security Hon. Nalin Fernando said that at present his ministry has been able to control the rise in the market price of essential food items. He said so at the Ministerial Consultative Committee on Trade, Commerce and Food Security held in Parliament recently.
Addressing the committee, the minister further mentioned that when comparing the prices of the open market in the months of March and April, the consumer has been able to get relief from the reduction in the price of essential goods by November. Accordingly, one kilogram of dhal in the open market in July was 595 rupees, and in December, one kilogram of dhal was reduced to 389 rupees from Lanka Sathosa . He further mentioned that 1 kilogram of wheat flour which was 410 rupees in the open market, was reduced to 265 rupees from Lanka Sathosa in December.
Also, the minister said that the Sathosa was able to reduce the price of one kilogram of white sugar which was at 280 rupees to 229 rupees and to reduce the price of one kilogram of samba rice from 225 rupees to 198 rupees.
The Minister instructed the Consumer Affairs Authority and the Department of Measurement Units Standards & Services to continue market monitoring and inspections for the sake of consumer protection during the upcoming festive season.
In addition to that, he emphasized that the Consumer Act No. 9 of 2003 will be amended with the aim of establishing a fair market system. The Minister said that the qualifications of the full-time members including the Chairman of the Consumer Authority are expected to be included in the Act and the method of investigating consumer complaints against manufacturers and traders is expected to be included in the Act in a more systematic manner. Minister also said that he intends to present the revised draft including new clauses to the next consultative committee meeting.
Opinions were also expressed about the implementation of programs to attract the youth to the cooperative sector. Minister said that it is proposed to implement relief programs through the cooperative sector to identify young entrepreneurs and direct them to the production process. Also, through the empowerment of cooperative societies, it is expected to further strengthen the retail and wholesale network and to introduce a cooperative scholarship system, he said.
The minister also said that at present, it has been possible to run the State Trading Corporation (STC) profitably. STC was given the exclusive right to import and distribute the ammonium nitrate required by the country, but with the ban on the export of ammonium nitrate by India, the explosives industry in the country suffered a setback. But again, ammonium nitrate has been imported and distributed through STC, minister said.
Also, the minister said that the government has paid close attention to ensuring food security in the country. It was also emphasized that a project to promote women entrepreneurs in order to increase incomes and improve the quality of life will be started within this month. The chairman mentioned that at the moment, identification of the relevant beneficiaries is going on at the divisional secretariat level and after the relevant identification, the necessary equipment will be provided to the women entrepreneurs by STC.
Discussions were held on the relaunch of the Mahapola Education and Trade Fair and the Minister said that the Mahapola Education and Trade Fair will be restarted by March 2023.
State Ministers Hon. S. Viyalanderan, Hon. Kader Mastan, Hon. Rohana Dissanayake and several Members of Parliament were present at the meeting held. Also, a group of officials representing relevant institutions including the Secretary to the Ministry of Trade, Commerce and Food Safety also participated.
2026-01-08
The Ministerial Consultative Committee on Transport, Highways and Urban Development has approved the Regulations under the Motor Traffic Act (Chapter 203) scheduled to be presented to Parliament for approval on 08.01.2025.Accordingly, this approval was granted at the recent (Jan. 06) meeting of the Ministerial Consultative Committee on Transport, Highways and Urban Development held in Parliament under the chairmanship of Hon. Minister of Transport, Highways and Urban Development Bimal Rathnayake.As such, the Regulations published in the Extraordinary Gazette bearing No. 2452/40 under the Motor Traffic Act (Chapter 203) state that in an instance where a police officer has reasonable suspicion that a person driving, operating or physically controlling a motor vehicle on any road has used drugs, such police officer shall produce that person to a Government Medical Officer or an officer of a hospital who has been empowered for the purpose, for further examination.Furthermore, the Regulations published in the Extraordinary Gazette bearing No. 2455/29 under the Motor Traffic Act (Chapter 203) state that every person travelling on an expressway must wear a seat belt. Accordingly, the Committee granted approval for the said Regulations.In addition, officials of the Ministry of Transport, Highways and Urban Development briefed the Committee on the damage caused due to the sudden disaster situation that arose within the country and the progress of restoration efforts. Officials of the Road Development Authority stated that approximately 287 road sections belonging to the Authority, covering a distance of around 1481 kilometers, have been damaged. They further informed the Committee that the estimated cost for reconstruction would be around Rs. 86 billion.Officials of the Railway Department stated that the Department has incurred a loss of approximately Rs. 300 billion. Furthermore, officials stated that the Sri Lanka Transport Board has suffered a loss of around Rs. 63 million due to the emergency disaster situation.The Chair of the Committee also stated that a web page has been created to inform the public regarding the damage caused to the road system in various parts of the country. Accordingly, he pointed out that the public may access the page https://road-lk.org/ to obtain information on the relevant damage.Hon. Deputy Chairman of the Committees Hemali Weerasekara, Hon. Leader of the Opposition Sajith Premadasa, Hon. State Minister of Transport and Highways (Dr.) Prasanna Gunasekera, Hon. Deputy Minister of Urban Development Eranga Gunasekara, other Hon. Deputy Ministers, Hon. Members of Parliament and several government officials were present at this occasion.
2026-01-08
Approval of the Ministerial Consultative Committee on Labour has been granted for the Regulation under Shop and Office Employees (Regulation of Employment and Remuneration) Act (Chapter 129), scheduled for debate in Parliament tomorrow (Jan. 9).This approval was granted at the meeting of the Committee held in Parliament on 2026.01.06, chaired by the Minister of Labour (Dr.) Anil Jayantha and with the participation of the Deputy Minister of Labour Mahinda Jayasinghe.This Regulation, made by the Minister of Labour on 2025.12.12, was presented to Parliament on 2025.12.18. The Regulation amends the current legal provision which states:“Any female employee who has attained the age of eighteen years may be employed in a residential hotel after 6.00 p.m and before 6.00 a.m, on the work of a female reception officer, ladies linen room attendant, ladies cloak room attendant or ladies lavatory attendant.”Accordingly, the Regulation introduces the required legal amendments to allow, in addition to the designated categories already permitted, female workers over the age of 18 employed in residential hotels as Food and Beverage Stewardess to be engaged in employment after 6.00 p.m. or before 6.00 a.m. on the following day.However, officials informed the Committee that under this Regulation, in any instance where the work shift of a female employer employed under this provision ends between 6.00 p.m. and 6.00 a.m., the employer shall be responsible for ensuring her health care, safety and welfare by providing suitable accommodation until 6.00 a.m. or providing transport facilities to her usual residence.Although the current female population in Sri Lanka is approximately 51%, female labour force participation is around 34%. It was discussed that easing existing legal restrictions is a timely need in order to create opportunities to increase female labour contributions, especially to support the rapidly developing tourism sector.A number of proposals on measures that can be taken to safeguard the rights of female workers and other employees, as well as matters relating to increasing the wages of plantation workers, were presented to the Committee by Hon. Members of Parliament. The Hon. Minister of Labour stated that discussions on these matters will be carried out in the future and necessary steps will be taken accordingly.A number of Members of Parliament, the Secretary to the Ministry of Labour, and officials representing the Ministry of Labour and institutions under it also participated in this Committee meeting.
2026-01-08
A meeting of the Ministerial Consultative Committee on Defence was held yesterday (Jan. 07) evening in the Parliament premises under the chairmanship of Hon. President and Minister of Defence Anura Kumara Dissanayaka.At this meeting of the Ministerial Consultative Committee on Defence, Members of Parliament raised several issues such as reviewing the progress of the implementation of decisions reached at previous committee meetings, the release of lands in the Northern and Eastern Provinces, the opening of roads, and the functioning of schools.Accordingly, His Excellency the President issued the necessary instructions to officials to provide feasible solutions to those matters, and discussions were also held regarding existing obstacles and the steps to be taken in carrying out these activities.Matters such as the welfare of members of the defence forces and deploying more personnel for the United Nations peacekeeping forces were also discussed.Deputy Minister of Defence Major General (Rtd.) Aruna Jayasekera was also present at this meeting, along with several Ministers, Deputy Ministers, and Members of Parliament. Likewise, a group including the Secretary to the Ministry of Defence, Heads of the Tri-Forces, several senior officials of the defence sector, the Secretary General of Parliament Mrs. Kushani Rohanadeera, and officials of the Ministry were also present at this meeting.
2026-01-07
CoPF approves the Colombo Port City Economic Commission (Amendment) Bill and Regulations Issued under the Imports and Exports (Control) Act, No. 1 of 1969 post considerationIn consideration of the Colombo Port City Economic Commission (Amendment) Bill, it was stated that the amendment thus limits income tax exemptions for employees of new entrant authorized persons. However, officials present stated that a 3-year transitional period for existing entities has been given.This was discussed at length at the Committee on Public Finance, chaired by Hon. Dr. Harsha de Silva, held in Parliament on 06.01.2026, when Members of the Committee sought clarity on the rationale for amending tax incentives, particularly the decision to limit income tax exemptions for employees of authorized persons to a transitional period for existing entities, while discontinuing such exemptions for new entrants.The Committee also examined proposed changes to application fees and charges, to reduce upfront costs on the part of investors by deferring certain payments until licensing, while seeking assurance that the revised structure would remain competitive and transparent.The Committee also queried the alignment of foreign exchange provisions with the Foreign Exchange Act No. 12 of 2017, seeking clarification on the treatment of rupee earnings, currency conversion, and safeguards to ensure consistency with national monetary and financial regulations.The offshore banking framework attracted significant attention, with the Committee Members requesting updates on the status of banking licence applications, differences between Port City offshore banking operations and domestic banking activities, and the adequacy of regulatory oversight. The Central Bank’s enhanced supervisory role, including capital, liquidity, governance, and compliance requirements, was discussed in the context of international best practices.Concerns were also raised regarding enforcement and penalties for non-compliance, with Members of Parliament emphasizing the need for deterrent-level sanctions, effective monitoring, and strong reputational safeguards to maintain the integrity of the Port City.Officials noted that the amendments are intended to operationalize the Port City framework, enable approvals of new business activities, and balance investor attractiveness with fiscal discipline, transparency, and international commitments.The Committee also took into consideration the Regulations issued under the Imports and Exports (Control) Act, No. 1 of 1969 (as amended). Accordingly, Regulations issued under the Imports and Exports (Control) Act, No. 1 of 1969(as amended), were presented to the Committee seeking approval to enable tax exemptions, streamlined procedures, and the swift clearance and distribution of relief goods donated by foreign donors to those affected by Cyclone Ditwah, received in the name of the Disaster Management Center or any government institution.The Committee questioned the Ministry of Finance on the non-establishment of the Disaster Management Fund, despite the existence of the necessary legal provisions and approvals. The Committee also raised concerns regarding the delay in establishing the “Rebuilding Sri Lanka Fund” as statutory fund, noting the potential issues that could arise if further delays persist. Accordingly, the Committee urged officials of the Ministry of Finance to take proactive measures in this regard.Following in-depth deliberations, the Committee approved the Colombo Port City Economic Commission (Amendment) Bill and the Regulations issued under the Imports and Exports (Control) Act, No. 1 of 1969. (as amended)The meeting was attended by Hon. Deputy Ministers Chathuranga Abeysinghe, Dr. Kaushalya Ariyaratne, Nishantha Jayaweera, Hon. Members of Parliament Ravi Karunanayake, Rauff Hakeem, Attorney-at-Law, Nimal Palihena, Wijesiri Basnayake, Thilina Samarakoon, Champika Hettiarachchi, Sunil Rajapaksha, Ajith Agalakada, and Lakmali Hemachandra, Attorney-at-Law.
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