The Committee on Public Accounts (COPA) recently directed the officials of Ministry of Defence to expedite the amendment of the Firearms (Amendment) Act No. 22 of 1996 and the Explosives (Amendment) Act, which have been delayed for many years.
The Committee on Public Accounts met recently under the chairmanship of the State Minister Hon. Lasantha Alagiyawanna and the Auditor General's reports for the years 2020, 2021 and 2022 and the current performance of the Ministry of Defence were discussed.
Secretary to the Ministry of Defence, General (retired) Kamal Gunaratne and a group of officers participated in this meeting.
Although the committee had recommended to amend the Firearms (Amendment) Act No. 22 of 1996 and the Explosives (Amendment) Act since 2012, it was revealed that it has been delayed due to various reasons. Officials also said that so far about 37,000 firearms have been licensed in the country. The officials mentioned that the amendment of the Act is in the final stage and the draft bill will be completed soon. The committee emphasized the need to speed up the process as the license fees should be revised and the state revenue will be lost due to this delay. Accordingly, it was also advised to submit a report on the progress.
Although it was mentioned in the constitution that the revenues generated by the services provided to external parties by the armed forces should be credited to the consolidated fund, attention was also drawn to the fact that it was not implemented properly. Although it was previously informed to prepare a proper system related to it and report to the committee, the committee asked about the fact that it has not yet been prepared. Auditor General’s Department pointed out that since most of the income goes to the welfare associations, a proper system should be set up. Although the services are being successfully carried out, the committee also advised to prepare a clear system in this regard. He also instructed the ministry officials to review this process extensively.
Special attention was also paid to the procurement of food items for the three-armed forces. It was revealed at the committee that although earlier recommendations had been given to set up an information management system connecting all the institutions involved in the food items procurement process for the three-armed forces, it is being implemented only in the Navy and the Air Force. Accordingly, the officers were ordered to expedite the preparation of the system for the Army and to submit a report on this. Also, it was emphasized in the committee that parties including the soldiers should receive a meal commensurate with the money spent by the government.
There was also a discussion regarding hiring a housing complex with 24 house units on a lease agreement for 72 million rupees, in order to provide accommodation for the 31 officers participating in the course of the National Defence Academy. Instead of getting houses on such a rent, the Committee Chair advised to pay attention to the possibility of providing accommodation facilities by constructing a new building. The Defence Secretary pointed out that since the construction has been stopped due to the current economic situation, measures will be taken in the future.
Attention was also drawn to the misplacement of materials worth 12 million rupees in the consumer goods warehouse. The officials said that the all those persons related to this have been suspended and steps have been taken to collect the related money from the storekeeper. It was discussed why this incident was not revealed by the internal audit until it was uncovered by the audit of the Auditor General's Department.
Apart from this, attention was also paid to the strategic communication network project, procurement process, role of Disaster Management Centre (DMC) etc.
State Ministers Hon. Mohan Priyadarshana, Hon. Diana Gamage, Hon. Chamara Sampath Dasanayake, Hon. Dr. Suren Raghavan, Members of Parliament Hon. Tissa Attanayake, Hon. Hector Appuhami, Hon. J.C Alawathwala, Hon. Jayantha Katagoda, Hon. Major Pradeep Undugoda, Hon. Weerasumana Weerasinghe, Hon. Isuru Dodangoda and Hon. Sahan Pradeep Withana were also present at this committee 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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