2023-11-30
News Categories : Committee News
The Committee on Ways and Means recommended to the Department of Pensions to introduce a formula for raising the pensions in proportion to the existing cost of living index in a humanitarian manner. This was stated when the Committee met in Parliament on 29.11.2023 under the Chairmanship of Hon. Patali Champika Ranawaka, Member of Parliament.
Officials of government institutions such as the Department of Pensions, National Secretariat for Elders, and representatives of pensioners' associations were called for this meeting.
The department disclosed that more than 700,000 active pensioners are currently registered in the Department of Pensions, and it was disclosed that some people are not active due to reasons such as investigations, deaths, etc.
It was disclosed that about 26,000 retirees (19,000 civil, 7,000 armed forces) join active status every year, and about 20,000 are removed from the retired list due to death. It was reported that Rs. 413 billion has been earmarked for the Department of Pensions for a month, and 24 times the required pension will be paid as gratuity for those retiring at the age of 55, which will be deducted from the pension within 10 years.
The role of the National Secretariat for Elders is to provide a monthly allowance of 2000 rupees to low-income earners over 70 years of age, whose monthly income is less than 6000 rupees, and on the certificate of the Grama Niladhari, 733,204 elderly allowances are currently being paid, the officials of that institution said. The Committee Chair instructed the officials of the National Secretariat for Elders to provide the Committee with statistics on the number of people who join the list of elderly allowance payers, the number of people who leave due to death, and the number of elderly people on the waiting list.
It was discussed that the increase in wages for public servants with effect from 01.01.2016 was implemented under 5 phases till 01.01.2020, and that those who retired after 01.01.2020 will receive the full pension adjusted according to the increase in salary, which has resulted in a huge pension disparity between those who retired before 2017 and those who retired after 2020. The decision taken by the Council of Ministers to suspend the pension increase due on 01.01.2020 was a cause and additionally due to the salary increase for teacher principals in 2021, a severe pension discrepancy has arisen for those who retired before 01/01/2017 was mentioned. Moreover, although government employees were given a salary increase of Rs. 10,000 with effect from 01/01/2024, the allowance of pensioners has been increased only by Rs.2500/- and considering the salary increase, the pension has only increased by 25% and given the increase is not sufficient in view of the increase in the cost of living, the pensioners stated before the Committee. The Chair recommended to introduce a formula for the purpose of increasing the pension in proportion to the existing cost of living index in a humanitarian manner.
The benefits of the Agrahara insurance scheme are available to those who retired after 01.01.2016, and those who retired before that date should also be extended the insurance scheme in such a way that they get the same benefits. Thereby, the necessity of providing hospitalization allowances, surgery allowances, death gratuity allowances etc. to those who retired before the relevant date was emphasized on the part of the pensioners. The Committee Chair instructed to look into the possibility of providing the benefits of Agrahara Insurance Scheme to those who retired before 01.01.2016.
Committee Chair Hon. Patali Champika Ranawaka instructed the officials to appoint an authorized representative of the Department of Pensions to discuss the issues faced by the pensioners and to make arrangements to hold the initial discussion between the representatives of the pensioners' associations and the authorized officer on December 15 at 9.00 am.
It was emphasized here that those who receive senior citizens allowance and persons with disabilities should be included in the list of those who should receive social benefits (social registry). The need for setting up a digital system that can quickly update the deaths of pensioners was also emphasized as there is a significant impact on the payment of pensions.
State Ministers Hon. Lasantha Alagiyawanna and Hon. Anuradha Jayaratne, and Members of Parliament Hon. W. D. J. Seneviratne and Hon. Nalaka Bandara Kottegoda were present at this Committee meeting held.
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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