2023-10-26
News Categories : Committee News
The State Mortgage and Investment Bank was summoned before the Committee on Public Enterprises (COPE) which met on 19.10.2023 under the Chairmanship of Hon. (Prof.) Ranjith Bandara, Member of Parliament. The audit reports of the State Mortgage and Investment Bank for the years 2020, 2021 were examined and the current performance was investigated at the Committee meeting held. Officials representing the Ministry of Finance and the Chairman and General Manager of the State Mortgage and Investment Bank were also present at this Committee meeting held. Special attention was paid to the following points.
Delay in establishing a new core banking system
Attention was drawn towards the delay in establishing a new core banking system as per the recommendations given in the previous Committee meeting. Officials assured that these works have already started and will be completed by July 2024.
The need to start operations as a competitive bank
The Committee emphasized the need to improve the operations of the commercial level in order to increase the assets of the bank and reach an advanced level. The COPE chair pointed out the importance of being close to the public as a competitive bank without completely deviating from the bank's core objectives. Accordingly, the need to establish the bank's brand among the public in an innovative and attractive manner (rebranding) was emphasized.
The 68-million-rupee loss due to submission of false documents
In 2017, due to the fact that some people obtained loans by submitting false documents, attention was paid to the related activities to cover the loss of 68 million rupees to the bank. It was also revealed that this fraud has taken place by giving the relevant loan amount to 49 loan applicants with the help of some officials of the bank. Officials stated that 8 million rupees have already been received aligned with legal proceedings and legal measures have been taken to obtain the remaining amount. Although 6 years have passed since this incident, officials were punished and the delay in recovering this money was given special attention. Accordingly, the COPE Chair ordered the officials to give a report on this within two weeks.
High non-performing loan ratio of the bank
Attention was drawn to the fact that 10 branches have recorded a high non-performing loan rate, exceeding the average value of the non-performing loan rate of the bank. The officers pointed out that since the majority of the customers of this bank are middle- and low-income earners, they had to be given grace periods to pay their debts due to the prevailing economic situation. Special attention was paid to this and instructions were given to take necessary steps.
State Minister Hon. Janaka Wakkumbura, Members of Parliament Hon. Eran Wickramaratne, Hon. Sanjeeva Edirimanna, Hon. (Major) Sudarshana Denipitiya, Hon. Madhura Withanage, Hon. (Prof.) Charitha Herath, were present at the Committee meeting held.
2025-11-27
The appointments of three chairmen of state-owned institutions were approved by the Parliamentary Committee on High Posts yesterday (Nov. 26).Accordingly, the appointments of Dr. D.B.P.H. Dissabandara as the Chairman of the Securities and Exchange Commission of Sri Lanka, Mr. M.D.C.A. Perera as the Chairman of the National Lotteries Board, and Eng. P.V.A. Hemalal, as the Chairman of Kahatagaha Graphite Lanka Limited, were approved by the Committee on High Posts.The meeting was chaired by Hon. Prime Minister, Dr. Harini Amarasuriya, and a group of members of the committee participated in this meeting.
2025-11-27
The Chair of the Sectoral Oversight Committee on Governance, Justice and Civil Protection, Hon. Member of Parliament (Dr.) Najith Indika, stated that the National Dangerous Drugs Control Board must take the lead in streamlining the procurement process and easing existing legal barriers related to importing equipment used to test drivers for drug use.These matters were taken up during the Sectoral Oversight Committee on Governance, Justice and Civil Protection, which met in Parliament on 20th November 2025 under the chairmanship of Hon. MP (Dr.) Najith Indika.The Committee reviewed the progress of the 2025 budget proposals and special project implementations of the Ministry of Public Security & Parliamentary Affairs and the Ministry of Public Administration, Provincial Councils & Local Government.Officials from the Sri Lanka Police Narcotics Bureau highlighted the difficulties in conducting roadside drug tests due to the lack of necessary equipment.The Committee Chair noted that the government has prioritized eliminating drug abuse and stressed the importance of regulating drivers who operate vehicles under the influence of drugs. He further stated that essential equipment required to identify drug users must be made readily available and that legal barriers affecting their procurement process and importation should be addressed promptly.Police officials also informed the Committee that notable progress has been made in implementing budgeted programmes related to drug prevention. Officials from the National Dangerous Drugs Control Board briefed the Committee on the progress achieved under their purview as well.The Committee additionally reviewed the progress of the 2025 budget proposals of the Ministry of Public Administration, Provincial Councils & Local Government. The Ministry Secretary reported significant progress and noted that many suspended development projects have now resumed.Hon. Members of Parliament G.G. Ponnambalam, Mujibur Rahman, Attorney-at-Law Thushari Jayasinghe, and Dharmapriya Wijesinghe were also present at the committee meeting.
2025-11-26
The Sectoral Oversight Committee on Education, Manpower and Human Capital has examined the operation of private universities in Sri Lanka and the issues relating to their recognition by the University Grants Commission (UGC).The matter was discussed when the Committee met in Parliament on 21 November 2025, under the chairmanship of Hon. Member of Parliament Hesha Withanage.During the discussion, the Committee Chair highlighted the emergence of institutions awarding degrees of inadequate quality and the resulting harm caused. He noted that many such institutions operate with profit-making as their primary objective rather than providing quality education. The Chair stressed the importance of ensuring that the entire process, from student admission to awarding of degrees remains under the supervision of the UGC.The Vice Chair of the UGC, expressing his views, underscored the need to establish a Higher Education Commission to regulate and monitor private universities and other degree-awarding institutions. He explained that such a body would enable the creation of comprehensive data systems and facilitate links with universities worldwide, allowing access to essential information on institutional standards and programme quality. This, he noted, would help ensure accurate decision-making when granting approval to prospective private universities. These comments were further supported by the Additional Secretary (Non-State Higher Education) of the Ministry of Education, Higher Education and Vocational Training, and by officials of the UGC.The Committee also focused on issues related to state universities, scholarships offered for foreign degree programmes, and other related matters.Hon. Members of Parliament Krishnan Keleichelvi, Nilusha Lakmali Gamage (Attorney-at-Law), Chanaka Madugoda, Thurairasa Ravikaran, and Sunil Rajapaksha, along with officials from the Ministry of Education, Higher Education and Vocational Training and the UGC, were present at the discussion.
2025-11-26
The Sectoral Oversight Committee on Governance, Justice and Civil Protection recently (Nov. 18) reviewed 12 performance reports and annual reports of institutions functioning under the Ministry of Justice and National Integration.The Committee met in Parliament on the 18th under the chairmanship of Hon. Member of Parliament Dr. Najith Indika.Accordingly, the Committee examined the 2022, 2023 and 2024 performance reports of the Registrar’s Office of the Supreme Court, the 2023 and 2024 performance reports of Judges of Supreme Court, the 2022 Annual Report of the Supreme Court Complex Management Board, the 2022 and 2023 Annual Reports of the National Authority for the Protection of Victims and Witnesses of Crime, and the 2023 and 2024 Annual Reports of the Department of Community Based Corrections.In addition, the Committee reviewed the 2022 and 2023 Annual Reports of the Legal Aid Commission of Sri Lanka, the 2023 and 2024 Annual Reports of the Department of Official Languages, the 2020,2021,2022 & 2023 Annual Reports of the Official Languages Commission, the 2022 and 2023 Annual Reports of the National Institute of Language Education and Training, the 2023 and 2024 Annual Reports of the Department of Prisons, the 2023 and 2024 Annual Reports of the Prisoners’ Welfare Fund, and the 2023 and 2024 Annual Reports of the Debt Conciliation Board.The Committee also inquired into audit observations related to these institutions, and relevant officials presented their explanations. Attention was also drawn to the current activities of these institutions, as well as existing issues and shortcomings. The Committee Chair informed officials to notify the Committee if amendments to the legal framework governing these institutions were necessary to ensure more efficient service delivery, and assured the Committee’s support in facilitating such changes.Further, regarding the 2024 Annual Performance Report of the Department of Community Based Corrections, it was noted that the Auditor General’s report highlighted the incomplete construction of the building for the Legal Aid and Community Correctional Office in Puttalam. The Committee requested a report on this matter.Accordingly, approval of the Committee was granted for all performance and annual reports reviewed, except for the 2023 and 2024 Annual Performance Reports of the Department of Community Based Corrections.Hon. Members of Parliament Mujibur Rahman, Attorney-at-Law Thushari Jayasinghe, and Major General (Retd.) G.D. Sooriyabandara, along with a group of government officials, participated in the Committee meeting.
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