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India extends USD 1 Billion Credit Line for Sri Lanka

COLOMBO (News 1st); Sri Lanka signed an agreement with India to extend the USD 1 Billion credit line to import essentials for a period of one year.State Finance Minister Shehan Semasinghe said that the signing of the agreement to extend the US$ 1000 million assistance scheme for the import of essential materials for a further period of one year was done on Tuesday (30). The officials of the State Bank of India participated the event virtually.He said that the initial agreement was signed in 2022 March & out of the 1000 million US dollars allocated materials were imported for $ 576.75 million.The agreement is extended for the remaining $ 423.25 million, said the State Minister adding that the government will prioritize the import of essential medicines till March 2024.

.. Government medicines

Shehan Semasinghe

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Jinnah Scholarships to 131 Sri Lankan Students - - Sri Lanka - Pakistan
Jinnah Scholarships to 131 Sri Lankan Students
The Pakistan High Commission, Colombo organized the Jinnah Scholarship ceremony, at Bandaranaike Memorial International Conference Hall (BMICH), to award scholarships to bright and deserving A-Level students of Sri Lanka. These scholarships have been awarded by the Government of Pakistan to Sri Lankan students of A Level since 2006. So far, more than 2400 Sri Lankan students have benefitted from this program, named after Muhammad Ali Jinnah, the revered founding father of Pakistan.Vidura Wickramanayaka, Minister for Buddhasasana, Religious & Cultural Affairs, Sri Lanka graced the occasion as Chief Guest and highly appreciated the gracious gesture from the people and Government of Pakistan. He added that such efforts will be very fruitful in strengthening bilateral relations between the two friendly countries. He further added that the youth is our future and through such scholarship programs, we strengthen our future generations.In his remarks, Major General (Retd) Umar Farooq Burki HI (M) emphasized upon the importance of the relationship that both the countries enjoy and the fact that Pakistan aims at strengthening these strong ties manifolds. He added that the Jinnah Scholarship is a testament to the strong bond between Pakistan and Sri Lanka, and it reflects our commitment to enhancing the capabilities of youth with better educational opportunities.He also informed the audience that Government of Pakistan has been awarding the Jinnah Scholarship for bright Sri Lankan students since 2006. Major General (Retd) Umar Farooq Burki HI (M) mentioned that the students who qualified for this prestigious scholarship came from all provinces of the island.During the Jinnah scholarship awarding ceremony, certificates were awarded
Kumara Welgama - Janaka Ratnayake - Janaka Ratnayake ready to enter politics - - Sri Lanka
Janaka Ratnayake ready to enter politics
COLOMBO (News 1st); Janaka Ratnayake, the Former Chairman of the Public Utilities Commission of Sri Lanka, said on Wednesday (24) that he is read to enter Sri Lankan Politics."Now I have the freedom to work for the people and undo political distortion," he told reporters after Parliament voted to remove him from the post of Chairman and member of the PUCSL.Janaka Ratnayake watched the live broadcast of the Parliamentary debate and vote held to remove him from the Public Utility Commission of Sri Lanka, with his children.The resolution to remove Janaka Ratnayake from the post of Chairman and Member of the Public Utilities Commission of Sri Lanka was passed in Parliament on Wednesday (24).123 votes were cast in favor, while 77 MPs votes against it.The resolution to remove Janaka Ratnayake from the post of Chairman and Member of the Public Utilities Commission was supported by the MPs from the Sri Lanka Podujana Peramuna, MPs and Ministers from opposition parties that support the government, and MPs who remain independent within the opposition.Duminda Dissanayake from the Sri Lanka Freedom Party, Independent MPs Anura Priyadarshana Yapa, John Seneviratne, and Kumara Welgama supported the resolution in Parliament.Vadivel Suresh and A.H.M Fowzie who were elected to Parliament from the SJB also supported the resolution.24 MPs including those from the TNA and the Tamil National People's Front were not in parliament for the vote.The Samagi Jana Balavegaya, Uttara Lanka Sabhagaya, Freedom People's Congress and the Jathika Janabalavegaya voted against the resolution.