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| Sunday, 1 August 2004 |
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Committee to reduce CoL by Jayantha Sri Nissanka The Cabinet Sub Committee appointed to look into bring down the cost of living is exploring avenues to reduce sugar prices. It was appointed by the Government with the objective of giving every possible relief to people in the wake of external shocks uncontrollable by the Government of Sri Lanka. As a part of the exercise, the Sri Lankan Trade Commissioner in America is now in Brazil studying the prices of sugar. "We will be able to give sugar at five rupee less from the present price of Rs. 39", Trade Commerce and Consumer Affairs Minister Jeyaraj Fernandopulle told the Sunday Observer. We will open the LC through the Cooperative Wholesale Establishment to import sugar, he said. The Cabinet Sub Committee comprises Ministers Dr. Sarath Amunugama, Jeyaraj Fernandopulle, Anura Dissanayake, Susil Premajayanth and Chandradasena Wijesinghe. The Committee is scheduled to commence its first meeting on August 3 and make proposals to present them to the Cabinet. Minister Fernandopulle who locked horns with the multinational giant Prima Company which was enjoying the 27 year monopoly, had scrapped the 25% tax on wheat flour allowing any company in Sri Lanka to import flour. He also said that the Committee is preparing strategies to face the rice shortage. Meanwhile, an Indian investor will be in the country next week to explore the feasibility of establishing a dhal factory at a cost of Rs.100 million. He will import dhal from Canada. Another Indian investor is also expected to put up a wheat grinding factory at a cost of Rs.500 million, the Minister said. |
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