2026-03-31
A Parliamentary delegation from the Sectoral Oversight Committee on Infrastructure and Strategic Development of the Parliament of Sri Lanka, led by Hon. S. M. Marikkar, Member of Parliament and Chairman of the Committee, undertook a Parliamentary Study Tour to New Delhi and Mumbai from 22nd to 27th March 2026, following an invitation extended by the High Commission of India.
The Sri Lankan delegation comprised the Chief Opposition Whip Hon. Gayantha Karunathilleka, Members of Parliament Hon. Nalin Bandara Jayamaha, Hon. Manjula Suraweera Arachchi, Hon. K. Ilankumaran, Hon. Chathura Galappaththi, Hon. Ravindra Bandara, Hon. Asitha Niroshana Egoda Vithana, Hon. Shantha Pathma Kumara Subasingha, Hon. (Mrs.) Geetha Herath, Attorney at Law, Hon. Kins Nelson and Hon. Dharmapriya Wijesinghe. Parliament staff members attached to the office of the Sectoral Oversight Committees who were also present included Assistant Director (Administration) Mr. K. P. Chandana, Principal Officer Ms. S. W. T. R. De Silva and Parliamentary Officer Ms. W. K. A. M. M. M. Arthanayaka.
The delegation arrived in New Delhi on 22nd March 2026 and commenced official engagements on the following day. The programme included a meeting with the Foreign Secretary of India and a floral tribute at Prerna Sthal in the Parliament House Complex. The delegation also paid a courtesy call on the Hon. Om Birla, Speaker of the Lok Sabha.
An orientation session on the Indian Parliamentary system was conducted, providing valuable insights into institutional structures and legislative processes. The delegation further held productive interactions with the Standing Committee on Transport, Tourism and Culture, as well as the Standing Committee on Housing and Urban Affairs.
On 24th March 2026, the delegation participated in a series of technical and policy-focused engagements, including a session on India’s “PM Gati Shakti” National Master Plan. Visits were made to the National Highways Authority of India and the Solar Energy Corporation of India, alongside discussions with the Confederation of Indian Industry. The delegation also engaged with the India-Sri Lanka Parliamentary Friendship Group, further strengthening bilateral Parliamentary relations.
Continuing its programme on 25th March 2026, the delegation visited the Delhi Metro Rail Corporation to study urban mass transit systems and best practices in public transportation. This was followed by an interaction with the New Delhi Municipal Council on Smart City initiatives, focusing on urban governance, digital infrastructure, and sustainable urban development. The delegation also met with officials of the Jal Jeevan Mission under the Ministry of Jal Shakti to discuss large-scale water supply management and rural infrastructure development.
The programme in Mumbai included visits to key infrastructure and development sites such as the Atal Setu Bridge and the Jawaharlal Nehru Port Trust, as well as the Navi Mumbai Airport. The delegation also visited the Power Exchange India Limited and met with the Hon. Chief Minister of Maharashtra.
On 27th March 2026, the delegation visited prominent locations including the Gateway of India and Elephanta Caves. The programme also included a meeting with the Hon. Speaker of the Maharashtra Vidhan Sabha and discussions with senior officials responsible for investment promotion and industries, prior to their departure to Colombo.
Sri Lanka’s participation in this Parliamentary Study Tour underscored its continued commitment to strengthening bilateral cooperation with India and advancing institutional capacity, knowledge exchange, and best practices in infrastructure and strategic development through sustained Parliamentary engagement.
2026-11-11
The role of the Central Bank of Sri Lanka, inflation targeting, private sector credit growth, economic growth potential and financial system stability were discussed extensively at a recent meeting of the Committee on Public Finance (COPF), held in Parliament recently under the chairmanship of Dr. Harsha de Silva, Member of Parliament.The meeting was attended by Hon. Deputy Minister Chathuranga Abeysinghe and Hon. Members of Parliament Ravi Karunanayake, Harshana Rajakaruna, Ajith Agalakada, Nimal Palihena, Wijesiri Basnayake, Sunil Rajapaksa and Thilina Samarakoon. A group of Central Bank officials, including the Governor of the Central Bank of Sri Lanka, Dr. P. Nandalal Weerasinghe, also participated in the meeting.In accordance with the provisions of Section 80(2)(a) of the Central Bank of Sri Lanka Act, the Governor of the Central Bank, members of the Governing Board and the Monetary Policy Board, as well as Deputy Governors, are required to appear before Parliament or one of its committees once every four months to brief them on the functions of the Central Bank. Furthermore, under Section 26(5), if the Central Bank fails to achieve its prescribed inflation targets for two consecutive quarters, it is required to submit a report to Parliament explaining the situation.During the meeting, Central Bank officials explained the decision to maintain the headline inflation target, based on the Colombo Consumer Price Index (CCPI), at 5%, and to continue maintaining this target over the next three years. It was also revealed that seven special reports had been submitted to Parliament on occasions when inflation remained below the lower limit of the target range of 3%.It was stated that the volume of credit extended to the private sector during the first nine months of 2026 amounted to Rs. 2.1 trillion, compared to Rs. 1.9 trillion during the corresponding period in 2025. Approximately 74% of this credit was provided by licensed commercial banks.However, the Committee drew attention to the increase in the share of short-term loans from 42% to 47%, while the share of long-term loans had declined from 35% to 29%. Discussions also focused on whether bank lending was being adequately channeled towards capital formation, new investments and expanding production capacity. In addition, the Committee sought clarification on the growth of different categories of loans, including mortgage loans and vehicle loans.The country's long-term economic growth potential was also discussed. The importance of implementing reforms in the trade, labour and land sectors, alongside monetary policy, was emphasized as essential for achieving sustainable economic growth. The development of human capital, improvements in productivity and attracting foreign direct investment were also highlighted as key priorities.Providing an update on financial system stability, Central Bank officials explained that the banking sector's Stage 3 non-performing loan ratio had declined from 9.7% to 8.8%. They also noted that capital and liquidity levels within the banking system remained above the regulatory requirements.Regarding NDB Bank, Central Bank officials stated that the forensic audit conducted in relation to the bank, together with the report of the Sri Lanka Accounting and Auditing Standards Monitoring Board, had been referred to the Attorney General on October 15, 2026. They further stated that regulatory measures had been imposed on the bank, including restrictions on dividend distributions, branch expansion and directors' remuneration.The Committee also focused on institutions illegally accepting public deposits and financial scams involving the fraudulent use of artificial intelligence to create fake images and voices of the Central Bank Governor, the Prime Minister and Members of Parliament.Central Bank officials pointed out that measures were being taken in coordination with the Telecommunications Regulatory Commission, the Sri Lanka Computer Emergency Readiness Team (CERT), the Police and Meta to prevent such scams.In addition, the Committee discussed regulatory matters relating to virtual assets and cryptocurrencies, the supervision of banking activities within the Colombo Port City, and the proposed consolidation of state-owned banks.
2026-11-10
The Women Parliamentarians’ Caucus met recently (Nov. 06) at Parliament under the chairpersonship of Hon. Minister Saroja Savithri Paulraj. Discussions focused on promoting children’s rights, taking action against gender-based violence, and strengthening the technical and research capacities of women parliamentarians.Accordingly, during a discussion with representatives of the United Nations Children’s Fund (UNICEF) in Sri Lanka, attention was drawn to the “Special Children’s Parliamentary Participation Programme”, scheduled to be held at Parliament on 20th November to mark World Children’s Day. It was noted that a Children’s Statement, prepared based on the views and opinions of more than 1,200 children from across the country, is to be presented to Members of Parliament with the participation of 50 children. The need to re-establish a Children’s Caucus within Parliament to promote children’s rights and welfare was also discussed.Furthermore, attention was drawn to expediting cases relating to child abuse, removing existing legal barriers to this process, and strengthening coordination among the relevant institutions.Subsequently, during a discussion with representatives of the United Nations Population Fund (UNFPA) in Sri Lanka, matters relating to the global 16 Days of Activism against Gender-Based Violence campaign were discussed. The discussion focused on plans to organize an awareness march under the theme “This is my right” and conduct public awareness programmes on preventing violence against women as part of the campaign, which is scheduled to run from November 25 to December 10.The visiting representatives stated that, in addition to women parliamentarians, Members of Parliament, Ministers, officials of government institutions, representatives of civil society organizations and university students are expected to participate in the march. Discussions were also held on introducing a digital directory of services, featuring a QR code, containing information on institutions and services available to women experiencing violence, as well as organizing a dialogue with the participation of relevant stakeholders.Meanwhile, during a follow-up discussion on technical cooperation with representatives of the Max Planck Foundation, attention was focused on parliamentary research support and knowledge sharing. The possibility of providing technical and research assistance to Members of Parliament in areas such as legislative drafting, comparative legal studies, and assessing the impact of proposed legislation on gender equality and human rights was also discussed.The importance of pursuing further initiatives in collaboration with international organizations to strengthen child protection, women's rights and gender-responsive policy measures was also emphasized during the discussions.The Hon.Deputy Chairperson of Committees of Parliament, Hemali Weerasekara; the Hon. Deputy Co-Chairpersons of the Women Parliamentarians’ Caucus, Attorney-at-Law Chamindrani Kiriella and Samanmali Gunasinghe; along with several women Members of Parliament serving on the Caucus, also participated in these discussions.
2026-11-10
The Chairman of the Committee on Public Enterprises (COPE), Hon. Member of Parliament Dr Nishantha Samaraweera, has emphasized the importance of developing appropriate corporate and operational plans for State-Owned Enterprises (SOEs), identifying measurable Key Performance Indicators (KPIs) to assess their progress, and ensuring their effective implementation to enhance institutional performance.He made these remarks at a progress review workshop on the Key Performance Indicators outlined in the corporate and operational plans of 41 institutions, which had initially presented their corporate plans before the Third Sub-Committee of the Committee on Public Enterprises. The workshop was held recently at the Parliament.The Chairman also pointed out the need for public institutions to identify and act in accordance with their statutory powers and responsibilities to ensure the proper discharge of their functions, financial discipline and operational efficiency.He further stressed that, rather than focusing solely on past audit issues, it was important to assess the progress made in implementing corporate plans and evaluate whether the intended outcomes had been achieved through their implementation.The workshop was attended by Members of Parliament serving on the Committee on Public Enterprises; Auditor General Ms Samudika Jayaratne and audit officers of the National Audit Office; P. Ranasinghe and C. S. Mayadunne, Advisers to the Committee on Public Enterprises and the Committee on Public Accounts, respectively; officials from the Department of Management Audit, the Department of Public Enterprises and the Department of National Budget; as well as chief executive officers and chief financial officers of State-Owned Enterprises and other officials.
2026-11-10
The Select Committee of Parliament to look into and report to Parliament on the matter of selecting the Electoral System under which the Provincial Council Elections should be held and submit its proposals and recommendations in that regard, sought the views and proposals of various political parties on the matter.This took place when the Select Committee met recently at Parliament under the chairmanship of, Hon. Minister Vijitha Herath.At the meeting, K. Premachandran, representing the Eelam People's Revolutionary Liberation Front (EPRLF); Ramasamy Rajendran, representing the Eros Democratic Front; and Shanmuganathan Sanjeevan, representing the Eelam People's Democratic Party (EPDP), presented the views and proposals of their respective political parties.The objective of the discussion was to obtain the views of political parties on matters including the electoral system that should be adopted for conducting Provincial Council elections, as well as the representation of women and youth.The meeting was also attended by Hon. Deputy Ministers Munir Mulaffer, Attorney-at-Law Sunil Watagala and Arun Hemachandra, together with members of the Select Committee, Hon. Members of Parliament Dharmapriya Wijesinghe, Samanmali Gunasinghe and Lakshman Nipuna Arachchi.
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