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Employees’ Trust Fund Act to be amended

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46 of 1980 enables the implementation of said proposal. 

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COLOMBO (News 1st); The Ministry of Power and Energy said that power outages will not be imposed from Thursday (16), as the Public Utilities Commission of Sri Lanka granted approval to the 66% electricity tariff hike.A source from the Ministry of Power and Energy speaking to News 1st said that a decision will be reached in the future with regard to those who are unable to settle their electricity bills.The Public Utilities Commission has approved a 66 percent hike in electricity tariffs with effect from Wednesday (15).It was with the agreement of the three members of the PUCSL except the Chairman of the Commission Janaka RatnayakeIn order to generate an additional income of Rs. 287 billion for the Ceylon Electricity Board, the proposal to increase the electricity tariff by 66 percent which was approved by the cabinet was forwarded to the Public Utilities Commission on January 2nd.The proposal was not approved by the Public Utilities Commission and several members of the commission resigned due to conflict of opinion on the proposal.Three new members were appointed for the vacant positions on two occasions and on Tuesday (14) the proposal was taken up again under the chairmanship of Janaka Ratnayake.A 36 percent increase in electricity tariff was proposed to generate an income of 142 billion rupees based on the suggestions of public consultation and all other parties, but only Chairman Janatha Ratnayake agreed to the proposal.The other members of the commission namely Attorney Chaturika Wijesinghe, Douglas Nanayakkara and SG Senaratne had rejected the proposal.According to the new electricity bill hike proposal:The electricity tariff of Rs 360 paid for 30 electricity units so far can be increased to Rs 1,300.
Anthony Fauci - Joe Biden - Ashish Jha - Fauci urges Americans — one last time — to get the updated COVID-19 booster - fox29.com - Usa
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Fauci urges Americans — one last time — to get the updated COVID-19 booster
the nation's top infectious disease expert who became a household name — and the subject of partisan attacks — during the COVID-19 pandemic, announced this summer his retirement from the federal government. On Tuesday, he appeared at the White House podium to give likely his final message to Americans. His words came familiar and consistent messaging — get your COVID shot. The particular COVID shot that Fauci is referring to this time is a tweaked version of the vaccine, the second booster shot known as the bivalent booster.The first look at the new shots' real-world effectiveness shows they work, he explained."So my message, and what may be my final message from this podium," he added with his signature smile, "please, for your own safety, get your updated COVID-19 shot."The COVID-19 pandemic introduced Fauci to millions of Americans, though he's given straight talk to the nation about numerous other outbreaks including HIV/AIDS, SARS, pandemic flu, Ebola and the 2001 anthrax attacks.He directs the National Institute of Allergy and Infectious Diseases, is chief medical adviser to President Joe Biden and also leads a lab studying the immune system.In announcing his departure, the 81-year-old Fauci called his roles "the honor of a lifetime" but said it was time "to pursue the next chapter of my career."Dr.
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Bondholders Group prepared to engage with Sri Lanka on Debt Restructuring
COLOMBO (News 1st) – The Ad Hoc Group of Sri Lanka Bondholders (the "Bondholder Group") in a letter to the IMF Managing Director has confirmed it is prepared to engage, through its Steering Committee, with the Sri Lankan authorities in restructuring negotiations consistent with the parameters of an IMF Programme and the targets specified therein (the "IMF Programme Targets").The Ad Hoc Group of Sri Lanka Bondholders (the "Bondholder Group") has acknowledges the Sri Lankan authorities' engagement with their official creditors towards a resolution of the current crisis and restoration of debt sustainability.The Bondholder Group further acknowledged that such engagement has recently resulted in the Government of India (in its letter to the IMF, dated January 16, 2023 (the "India Letter")) delivering letters of financing assurances, committing to support Sri Lanka and contribute to its efforts to restore debt sustainability by providing debt relief and financing consistent with the IMF Extended Fund Facility Arrangement (the "IMF Programme") and the IMF Programme targets indicated in the India Letter.Similarly, the Bondholder Group through its Steering Committee stands ready to engage quickly and effectively with the Sri Lankan authorities to design and implement restructuring terms that would help Sri Lanka restore debt sustainability and allow the country to re-gain access to the international capital markets during the IMF Programme period.The Bondholder Group understands that the IMF Programme's debt sustainability targets are identified as (i) reducing the ratio of public debt to GDP to 95% by 2032,  (ii) limiting the central government's annual gross financing needs to GDP ratio to 13% in the period between 2027 and
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