Samurdhi banks to close on April 15?
The Alliance of Samurdhi Unions says that they are protesting against the decision of the Department of Samurdhi Development to spend Rs. 80.5 million from the Samurdhi Fund on new year celebrations.They point out that they oppose this move taken in a backdrop where the public is facing a dire financial crisis.
They unions also allege that consecutive governments have evaded the issue of granting employee rights for nearly 28 years.In response to these matters, the Alliance of Samurdhi Unions says they would resort to a Trade Union action to close the Samurdhi banks and refrain from holding customary Sinhala Hindu New Year transactions on April 15 while boycotting the New Year celebrations.
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NEWS
China participating in Sri Lanka’s debt restructuring is a hopeful sign – US Treasury Secretary
China participating in debt restructuring for Sri Lanka is a hopeful sign, said US Treasury Secretary Janet Yellen.
She told the AFP that “We have seen some movement by China on participating in debt restructuring for Sri Lanka, which is a hopeful sign”.
As global growth slows, the World Bank previously warned that the outlook is especially tough for the poorest economies — which face sluggish growth driven by heavy debt burdens and weak investment.
Yellen had earlier said that China should move more quickly on some debt restructurings.
Discussions on this front will continue next week as a newly formed global sovereign debt roundtable gathers, she told AFP.
“We’re having useful technical discussions on important elements of debt restructuring. China has been participating, and we all continue to press China for improvements,” she said.
Washington will continue pushing for a speedier and more predictable operation of the G20 “common framework” for debt restructuring as well.
The World Bank’s ongoing reform could result in a $50 billion lending boost over the next decade, US Treasury Secretary Janet Yellen told AFP ahead of stakeholders’ meetings next week where key changes are expected to be announced.
Central bankers, finance ministers and participants from more than 180 member countries are expected to gather in the US capital for the International Monetary Fund and World Bank’s spring meetings in the coming week.
A key topic of discussion will be the World Bank’s evolution, amid a push for lenders to revamp and meet global challenges like climate change. The United States is the largest shareholder of the World Bank Group.
(newsfirst)
MP Namal Rajapaksa requested President Ranil Wickremesinghe to facilitate the return of funds allegedly taken by the Rajapaksas to Uganda.
“If the Rajapaksas have taken money to Uganda, I request the President and the government to intervene and bring the money back on the same flights,” he said.
The Samagi Jana Balawegaya (SJB) has decided to appoint a committee to look into taking disciplinary action against MP Rajitha Senaratne, SJB General Secretary Ranjith Madduma Bandara said.
Madduma Bandara made this remark in response to reports that MP Senaratne will be expelled from the SJB soon.
“There is no point in keeping Rajitha in SJB now,” he added.
The decision to take action against MP Senaratne comes just hours after party leader Sajith Premadasa announced that disciplinary action will be taken against everyone who goes against the party.
Earlier, SJB MP S. M. Marikkar called for action against everyone who calls for a SJB UNP cooperation.
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