PMB owes Rs. 6,535m to four banks
The third report of the Committee on Public
Enterprises (COPE) tabled in Parliament by its Chairman D.E.W.
Gunasekara has revealed that the Paddy Marketing Board (PMB) has to pay
Rs.6,535 million to the Bank of Ceylon, People’s Bank, National Savings
Bank and the Regional Savings Bank for the loans taken.
Much ado about Resolution
Tuesday's defeat of a resolution moved by Finance
Minister Ravi Karunanayake under the Local Treasury Bills Ordinance
seeking approval of the House to borrow a sum of Rs. 400 billion to
issue Treasury Bills has created a platform for a section of UPFA
Parliamentarians to find fault with the Government and exert pressure on
it to resign.
On a collision course with 19A
The Executive Presidency had been the bone of
contention since it was introduced by the former President J.R.
Jayawardene in 1978. Though it was vehemently objected by the SLFP led
alliance and the JVP from the very outset, it is still in practice even
after a three and half decades.