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Sunday, 05 June 2016

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Five Mumbai-based companies to invest:

India to be Stakeholder in Port City


Five leading Indian companies, based in Mumbai, have expressed willingness to invest in the Chinese-funded Colombo Port City project. Three of the five companies already have a strong presence in Sri Lanka, top government sources told the Sunday Observer. With this development, India, which earlier raised concerns over the Colombo Port City project, is likely to become an important stakeholder of the development plan.

 

NCM against Finance Minister to be taken up


A No Confidence Motion (NCM) against Finance Minister Ravi Karunanayake signed by 37 Joint Opposition MPs on the grounds of gross mismanagement of the economy will be taken up for debate in Parliament on June 8 from 2.00 pm to 6.30 pm and the vote will be taken subsequently. It was handed over to Speaker Karu Jayasuriya on March 24.

 

After the brawl:

House to get new Standing Orders


In the wake of a series of incidents of breach of privilege in Parliament, a draft document has already been made to amend existing Standing Orders which were last amended in 1993, incorporating new key amendments and new provisions to regulate the businesses of Parliament. Parliament authorities have already completed the draft to amend Standing Orders.


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