Monday, 11 May 2015
Govt. faces financial crisis; can’t even pay salaries - CBK
Former president Chandrika Kumaratunge said today that the present government was facing a serious FINANCIAL crisis and was even unable to pay public servants their salaries.
Addressing a meeting organised by the Sri Lanka Development Officers’ Union in Colombo yesterday, she said the government was facing difficulties due to the depleted FINANCES of the Treasury.
She said the crisis had been caused by the lack of transparency in the projects carried out by the previous government.
She said the payment of state sector salaries was difficult because of the lack of FUNDS. “The government is not able to pay state sector salaries to everyone. It’s hard to expand the sector, and some of the employees have no work,” she said.
She said those opposed to Yahapalanaya (good governance) had begun a counterrevolution against the new government.
- See more at: http://www.dailymirror.lk/71849/govt-faces-financial-crisis-can-t-even-pay-salaries-cbk#sthash.Uj0uG19H.dpuf
Hambantota was an uncleared area : Fonseka
Fonseka says govt caught sharks, but wants it to go after whales now
May 10, 2015, 10:32 pm
By Chandrasiri Jasenthuliyana, Ambalangoda Corr
Addressing a meeting of DP regional leaders at the Ambalangoda Town Hall auditorium Field Marshall Fonseka said that the government had come to power, promising action against fraudsters who had plundered the public institutions and embezzled people’s MONEY. The good governance administration had been able to cast a net to capture the sharks of corruption. "But, it is yet to throw a net to catch the whales of corruption. The government should start fighting corruption from the very top. Then only it can catch the whales of corruption."
Field Marshal Fonseka thanked his party men who had helped effect a regime change and to ensure the victory of Maithripala Sirisena at the January 08 presidential election. "This government is run by the President and Prime Minister that we appointed. We let them rule the country for 100 days without any criticism. The forthcoming general election will be a crucial and decisive one for our party men.
Most probably we will be able to get two members elected from districts such as Colombo and Kalutara," he said.
"Mahinda Rajapaksa would still have been the President and Gotabhaya Defence Secretary they had acted according to the wishes of the public. They also fought with the wrong person.
When they incarcerated me, I had time. I used to run two kilometres a day. So, I was healthier and more vigorous when I came out of the prison. We are respecters of policies and we are not ready to betray our policies and go before the powers that be on bended knees. There were many OFFERS to me but I took none and kept my backbone straight. I will do the same in the future," the Field Marshal said.
May 10, 2015, 10:32 pm
By Chandrasiri Jasenthuliyana, Ambalangoda Corr
After another two months’ time, ten per cent of the office time of incumbent President Maithripala Sirisena would be over but people of the country had received only one per cent of the benefits promised to them under the good governance regime,Leader of the Democratic Party Field Marshall Sarath Fonseka said on Saturday.
Addressing a meeting of DP regional leaders at the Ambalangoda Town Hall auditorium Field Marshall Fonseka said that the government had come to power, promising action against fraudsters who had plundered the public institutions and embezzled people’s MONEY. The good governance administration had been able to cast a net to capture the sharks of corruption. "But, it is yet to throw a net to catch the whales of corruption. The government should start fighting corruption from the very top. Then only it can catch the whales of corruption."
Field Marshal Fonseka thanked his party men who had helped effect a regime change and to ensure the victory of Maithripala Sirisena at the January 08 presidential election. "This government is run by the President and Prime Minister that we appointed. We let them rule the country for 100 days without any criticism. The forthcoming general election will be a crucial and decisive one for our party men.
"We cannot forget the damage and destruction caused by the former regime. Hambantota was an uncleared area then. We planned eight rallies in that district during the last presidential election. But, the then ruler did not permit us to build a single stage there. But we did not cancel our plans to meet the people. We took mobile stages there and set them on the roof of vehicles and addressed the masses. We showed the people the plight we were in and called upon them to use their votes wisely. Even under suppression we polled more than 10,000 votes in Hambontota. Our party is only three years old, but people have welcomed us and our policies," the Field Marshal said.He said when they joined the campaign to help the then Presidential candidate Maithripala Sirisena they had 700,000 votes. They were certain that number now had increased up to more one million. "We hope to CONTEST all districts in the forthcoming general election and it is our target to get at least one member elected from our party to Parliament from each district.
Most probably we will be able to get two members elected from districts such as Colombo and Kalutara," he said.
"Mahinda Rajapaksa would still have been the President and Gotabhaya Defence Secretary they had acted according to the wishes of the public. They also fought with the wrong person.
When they incarcerated me, I had time. I used to run two kilometres a day. So, I was healthier and more vigorous when I came out of the prison. We are respecters of policies and we are not ready to betray our policies and go before the powers that be on bended knees. There were many OFFERS to me but I took none and kept my backbone straight. I will do the same in the future," the Field Marshal said.
இலங்கை மத்திய வங்கி ஆளுநருக்கு எதிராக நம்பிக்கையில்லாப் பிரேரணை!
அரங்கேறும் பக்ச பாசிஸ்டுக்களின் ஆட்சிக் கவிழ்ப்பு எதிர்ப்பு- `பாராளமன்றச் சதி! ENB
Eighty eight MPs sign no confidence motion against CB Governor
Ministers, state ministers and deputy ministers among them
May 10, 2015, 10:33 pm
By Saman Indrajith
Three cabinet ministers, three state ministers and three deputy ministers are among the 88 members who have signed a no confidence motion against Central Bank Governor Arjuna Mahendran.
The no confidence motion now included in the Parliamentary Order Book according to the Addendum to the Order Book No 14 released yesterday has seven charges against Governor
Mahendran.
It says: "After Arjuna Mahendran, who is a Singaporean citizen and a closest acquaintance of the Prime Minister, was appointed as the Governor of the Central Bank of Sri Lanka in the latter part of January 2015, the Central Bank of Sri Lanka has sharply deteriorated within the short time in which he has held office and this has brought the whole country to disrepute and caused a FINANCIALloss as well.
"Arjuna Mahendran has intentionally caused a huge loss to the government and the whole economy by awarding in an absolutely corrupt manner the 30-year Treasury bonds issued on 27th February 2015 by the Public Debt Department of the Central Bank of Sri Lanka to Perpetual Treasuries, which is the primary dealer firm that belongs to his son-in-law; in that transaction, by increasing the interest rate of the country unnecessarily and artificially to benefit the firm of his son-in-law he had paved the way to earn undue profit of Rs. 200 crores for that firm and therefore only during the period of last 6 weeks the Government of Sri Lanka experienced an interest loss of about Rs. 4,500 crores which is the biggest interest loss in the Sri Lankan history, apart from that the overall interest rate in the whole FINANCIAL system was increased due to the fraudulent act of Mr Arjuna Mahendran and the whole population in the country loses the benefits enjoyed when the inflation rate of the country was maintained at a mid-single digit for more than 6 years and owing to that, the other primary role of the Central Bank of Sri Lanka, maintaining stability of the price is in great peril today.
"Owing to the artificially manipulated interest rate caused by the action of Arjuna Mahendran, the Governor of the Central Bank of Sri Lanka on 27th February 2015 all other interest rates were affected and therefore compared to the interest rates of the previous day the interest rates increased by nearly 30% and this increase in the interest rates resulted in businessmen, rent payers, house builders and all others who obtain LOANS suffering and as a result of a great number of citizens having to pay high interest rates, there is an imminent danger of increasing the amount of bad debts in banks and non-banking institutions and thereby posing the other major function of the Central Bank of Sri Lanka to maintain the stability of financial system is at stake as at today.
"Colombo STOCK MARKET has rapidly collapsed through the loss of confidence in the Prime Minister, Minister of Finance and the Governor of the Central Bank of Sri Lanka which continues to grow day by day, as a result of the actions pointed out above and through that, it has been estimated that market capitalization of Sri Lankan Companies has already declined by a value more than Rs. 2,000 crores within the last 100 days alone.
"Arjuna Mahendran, the Governor of the Central Bank of Sri Lanka has displayed through his practice that he is not fit to hold the said onerous, prestigious Office in view of the aforementioned facts; he has made efforts to fulfil certain political objectives and other personal objectives of the United National Party, his actions, orders and conduct have caused a severe damage, loss and discredit to the Government of Sri Lanka and the national economy; that this Parliament is of the opinion that Arjuna Mahendran, should be dismissed from the Office of the Governor of the Central Bank of Sri Lanka forthwith."
Eighty eight MPs sign no confidence motion against CB Governor
Ministers, state ministers and deputy ministers among them
May 10, 2015, 10:33 pm
By Saman Indrajith
Three cabinet ministers, three state ministers and three deputy ministers are among the 88 members who have signed a no confidence motion against Central Bank Governor Arjuna Mahendran.
They are Mahinda Yapa Abeywardena (Cabinet Minister of Parliamentary Affairs), Reginald Cooray (Cabinet Minister of Aviation Services), Piyasena Gamage (Cabinet Minister of Skills Development and Vocational Training), Dilan Perera (State minister of Housing and Samurdhi), Jeevan Kumaratunga (State Minister of Labour), C.B.Ratnayake (State Minister of Public Administration and Democratic governance), Jagath Pushapakumara (Deputy Minister of Plantations), Lakshaman Seneviratne (Deputy Minister of Disaster Management) and Shantha Bandara (Deputy Minister of Mass Media).
The no confidence motion now included in the Parliamentary Order Book according to the Addendum to the Order Book No 14 released yesterday has seven charges against Governor
Mahendran.
It says: "After Arjuna Mahendran, who is a Singaporean citizen and a closest acquaintance of the Prime Minister, was appointed as the Governor of the Central Bank of Sri Lanka in the latter part of January 2015, the Central Bank of Sri Lanka has sharply deteriorated within the short time in which he has held office and this has brought the whole country to disrepute and caused a FINANCIALloss as well.
"Arjuna Mahendran has intentionally caused a huge loss to the government and the whole economy by awarding in an absolutely corrupt manner the 30-year Treasury bonds issued on 27th February 2015 by the Public Debt Department of the Central Bank of Sri Lanka to Perpetual Treasuries, which is the primary dealer firm that belongs to his son-in-law; in that transaction, by increasing the interest rate of the country unnecessarily and artificially to benefit the firm of his son-in-law he had paved the way to earn undue profit of Rs. 200 crores for that firm and therefore only during the period of last 6 weeks the Government of Sri Lanka experienced an interest loss of about Rs. 4,500 crores which is the biggest interest loss in the Sri Lankan history, apart from that the overall interest rate in the whole FINANCIAL system was increased due to the fraudulent act of Mr Arjuna Mahendran and the whole population in the country loses the benefits enjoyed when the inflation rate of the country was maintained at a mid-single digit for more than 6 years and owing to that, the other primary role of the Central Bank of Sri Lanka, maintaining stability of the price is in great peril today.
"Owing to the artificially manipulated interest rate caused by the action of Arjuna Mahendran, the Governor of the Central Bank of Sri Lanka on 27th February 2015 all other interest rates were affected and therefore compared to the interest rates of the previous day the interest rates increased by nearly 30% and this increase in the interest rates resulted in businessmen, rent payers, house builders and all others who obtain LOANS suffering and as a result of a great number of citizens having to pay high interest rates, there is an imminent danger of increasing the amount of bad debts in banks and non-banking institutions and thereby posing the other major function of the Central Bank of Sri Lanka to maintain the stability of financial system is at stake as at today.
"Colombo STOCK MARKET has rapidly collapsed through the loss of confidence in the Prime Minister, Minister of Finance and the Governor of the Central Bank of Sri Lanka which continues to grow day by day, as a result of the actions pointed out above and through that, it has been estimated that market capitalization of Sri Lankan Companies has already declined by a value more than Rs. 2,000 crores within the last 100 days alone.
"Arjuna Mahendran, the Governor of the Central Bank of Sri Lanka has displayed through his practice that he is not fit to hold the said onerous, prestigious Office in view of the aforementioned facts; he has made efforts to fulfil certain political objectives and other personal objectives of the United National Party, his actions, orders and conduct have caused a severe damage, loss and discredit to the Government of Sri Lanka and the national economy; that this Parliament is of the opinion that Arjuna Mahendran, should be dismissed from the Office of the Governor of the Central Bank of Sri Lanka forthwith."
ரணிலுக்கெதிராக நம்பிக்கையில்லாப் பிரேரணை!
No Confidence Motion against Ranil Prompted by Bond issue
No Confidence Motion against Ranil Prompted by Bond issue
BY SHAAHIDAH RIZA
Prime Minister Ranil Wickremesinghe is party to the biggest FINANCIAL fraud in Sri Lanka's post independence history and a No Confidence Motion against him must be in order, said Western Provincial Councillor and leader of the Pivithuru Hela Urumaya (PHU) Udaya Gammanpila to Ceylon Today, yesterday (10).
He made these comments with regard to Central Bank Governor, Arjuna Mahendran who is allegedly involved in the controversial treasury bonds issue, which caused a loss of Rs 45 billion according to Gammanpila.
The leader of the National Freedom Front (NFF) and Parliamentarian, Wimal Weerawansa also expressed the same concern at the Kurunegala rally last Friday (8). He said,
Although most MPs have not yet voiced their support for the No Confidence Motion against the Prime Minister, Gammanpila stated that he is confident of garnering support. He said,
"The opposition MPs made a request to remove the Central Bank Governor and 114 signatures were obtained to see this through. However, the Prime Minister did not heed the request.
Instead he appointed a committee made up of his colleagues who cleared Mahendran. He did not appoint a proper Parliamentary Select Committee to investigate it. I have confidence that those 114 MPs will support this move. In addition, there are also ministers who voiced their concerns about the Mahendran case, including the Cabinet Spokesperson and Health Minister, Rajitha Senaratne."
Meanwhile Deputy Minister of INVESTMENT Promotions, Eran Wickramaratne said that the government will present the report to Parliament and the opposition can read it and call for a
Parliamentary Committee on the issue.
"I think there should be a discussion on the matter and I think this should be investigated in a transparent manner," he said.
Prime Minister Ranil Wickremesinghe is party to the biggest FINANCIAL fraud in Sri Lanka's post independence history and a No Confidence Motion against him must be in order,said Western Provincial Councillor and leader of the Pivithuru Hela Urumaya (PHU) Udaya Gammanpila to Ceylon Today, yesterday (10).Ceylontoday, 2015-05-11 02:03:00
No Confidence Motion against Ranil Prompted by Bond issue
BY SHAAHIDAH RIZA
Prime Minister Ranil Wickremesinghe is party to the biggest FINANCIAL fraud in Sri Lanka's post independence history and a No Confidence Motion against him must be in order, said Western Provincial Councillor and leader of the Pivithuru Hela Urumaya (PHU) Udaya Gammanpila to Ceylon Today, yesterday (10).
He made these comments with regard to Central Bank Governor, Arjuna Mahendran who is allegedly involved in the controversial treasury bonds issue, which caused a loss of Rs 45 billion according to Gammanpila.
The leader of the National Freedom Front (NFF) and Parliamentarian, Wimal Weerawansa also expressed the same concern at the Kurunegala rally last Friday (8). He said,
"The true opposition hopes to submit a No Confidence Motion against the Prime Minister during the course of the week.This will lead to a quick dissolution of Parliament, thus it is prudent to prepare for general elections."
Although most MPs have not yet voiced their support for the No Confidence Motion against the Prime Minister, Gammanpila stated that he is confident of garnering support. He said,
"The opposition MPs made a request to remove the Central Bank Governor and 114 signatures were obtained to see this through. However, the Prime Minister did not heed the request.
Instead he appointed a committee made up of his colleagues who cleared Mahendran. He did not appoint a proper Parliamentary Select Committee to investigate it. I have confidence that those 114 MPs will support this move. In addition, there are also ministers who voiced their concerns about the Mahendran case, including the Cabinet Spokesperson and Health Minister, Rajitha Senaratne."
Meanwhile Deputy Minister of INVESTMENT Promotions, Eran Wickramaratne said that the government will present the report to Parliament and the opposition can read it and call for a
Parliamentary Committee on the issue.
"I think there should be a discussion on the matter and I think this should be investigated in a transparent manner," he said.
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