Registration of Cooperatives as Lending Institutions Suspended Amid Financial Irregularities
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Introduction After 77 years of independence, Sri Lanka has undergone a major political transformation. The National People’s Power (NPP), led by comrade Anura Kumara Dissanayake, secured a landslide victory in the 2024 elections, marking a shift from the previously corrupt and authoritarian family dynasties.
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Minister of Public Security and Parliamentary Affairs Ananda Wijepala states that an amount of Rs. 90 billion has been allocated from the 2025 Budget to increase the salaries of the public sector employees.
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The government is focusing on six key sectors—hospitality, logistics, renewable energy, technology, agriculture, and apparel & textiles—to attract foreign direct investments (FDIs) by building a creative and conducive environment for investments, rather than relying solely on incentives.
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In the Union Budget 2025, Sri Lanka’s allocation for developmental aid remained unchanged at Rs 300 crore, continuing the same level as the previous fiscal year.
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The first step in developing a National Policy on Early Childhood Education and Development was launched at the Ministry of Education, Higher Education, and Vocational Education.
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The Ministry of Defense recently announced that firearms issued with licenses for personal protection must be surrendered, with the possibility of re-issuance after a review.
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Cabinet Spokesman, Minister Dr. Nalinda Jayatissa says that steps will be taken to establish a guaranteed price for paddy purchase as soon as market prices begin to decline.
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President Anura Kumara Dissanayake has stated that the current government is determined to make all necessary decisions for the country’s advancement and to improve the quality of life for its citizens.
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Announces target at Export Development Council of Ministers meeting yesterday
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