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Sunday, 12 April 2015

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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.

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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.

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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.

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