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India scrapes through lost background to China in Sri Lanka

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India is now leveraging its geographical advantage to counter China’s moves in Sri Lanka while extending much needed credit lines to purchase fuel and essential food commodities.

 

Sri Lanka will enter into two credit lines – one from India for US $ 1 billion and another from Australia for $ 200 million to purchase essential food items to ensure availability of supplies for the upcoming National New Year and the following six months, Trade Minister Bandula Gunawardena said.

 

The two credit lines will be sufficient for the imports of essential items including rice, dhal, medicines and other commodities, he claimed. 

The Credit line from Australia was mainly to buy lentils and barley and the rest could be used for other essentials while the Indian Credit line would cover imports of onions, potatoes, dhal and medicines.

India reached out to help to save its neighbor from drowning in darkness. According to the Indian High Commission in Sri Lanka, New Delhi has offered Colombo $500 million to purchase petroleum products as it stares at a potential country-wide blackout due to fuel shortage.

India’s aid came at an opportune moment. This assistance comes over and above the credit previously pledged by India to assuage Sri Lanka’s economic woes.

The two countries had come up with a “four-pronged” plan that comprised lines of credit for fuel, food, and medication imports, currency swaps and debt deferrals from India to Sri Lanka, and the completion of the Trinco-oil farms project.

India extended a $900 million loan and another $1.5 billion for two credit lines to help Sri Lanka purchase food and fuel.

Nevertheless, the Indian aid came at a moment when Sri Lanka desperately needed it and helped it decide whether it could afford to make the repayment or not.

The island nation is currently facing its worst economic crisis in history which includes a credit crunch, a drop in GDP due to COVID-19 losses in tourism, exports, and remittances.

It is also grappoing with dwindling foreign reserves from $7.5 billion in 2019 to $2.6 billion in January 2022 after the payment of $ 500 International Sovereign Bond(ISB), and looming debt repayments of around $7 billion in 2022. While it has paid the current debt, there’s another payment due in July this year.

However, in the worst of times for Sri Lanka, India seems to have redeemed itself against China. While Beijing hinges its Belt and Road Initiative (BRI)hopes on Colombo for its Indian Ocean Rim (IOR) forays, its lukewarm response to Colombo’s appeal for help certainly sends the wrong signal.

We “Grow” crypto opens it’s Head Office in Colombo   

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Sri Lanka steps into the digital business arena in a big way promoting Blockchain technology to assist incubate startups in Web 3.0, Blockchain and Metaverse.

This new digitalisation of commerce initiative has been taken by the State Ministry of Digital Technology under the purview of  the Ministry of Development Coordination at theTreasury.

With Sri Lanka recently branching out into crypto payments, NFT (non-fungible token) auctions, and crypto investments, new business ventures for startups have begun mushrooming in small scale in the country in recent times, digital industry sources said. 

Blockchain and crypto currency have become more than just a catchphrase today, in Sri Lanka with crypto is being used as payment for goods and services along with cash and card.  

Blockchain is a public ledger that records transactions with utmost security, transparency and permanence, including transactions made through crypto currency. 

 Non-Fungible Token, basically means that it’ is a one-of-a-kind digital asset that belongs to individuals only.

These words and definitions are alien to people of Sri Lanka as it is not in practice widely in the country, an expert in block chain technology said adding that after the popularisation of technology it will become a normal tool of day today transactions, an expert in digitalisation of commerce said.

A new exciting company called “Grow” recently opened its headquarters in Colombo to incubate startups in Web3.0,           Blockchain, and Metaverse.

The main task of this company is to attract the best entrepreneurs in these new digital frontiers by providing investment and marketing assistance along with specialised consultancy services.

The company actively invests in startups that focus their business on the blockchain environment and the World Wide Web metaverse to create value.

There is a great opportunity for projects in the seed phase to become important players in the metaverse with the support of incubation and funding programs, a top official of the financé ministry said.

 Global conditions intensify the focus and subsequent investment in the development of online solutions for remote work, match play, entertainment, education and the development and development of Virtual Reality (VR) in the middle of the Augmented Reality (AR) phase.

 While many people associate the metaverse with recreation, it also has plenty of potential for online work and more.The surge in interest and technology in the Metaverse has breathed new life into VR / AR tools. Immersive multimedia platforms that allow users to create a digital universe ,. are currently under development. With the right vision for the future, early-stage projects can develop into the next generation of technology leaders, he added

Health professionals to launch another strike action tomorrow (VIDEO)

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An islandwide strike action is set to be launched from 7 am tomorrow (07) with the participation of 18 trade unions accompanying 60,000 health professionals, announced the Health Professionals’ Federation.

Speaking on behalf of the Federation, Saman Rathnapriya noted that the strike action would not be effective in 10 major medical facilities, including the Central Blood Bank, and that the hospitals treating Covid patients would both go on strike and volunteer their services.

Although trade unions had taken a number of actions on several occasions since November 09, 2021 to point out their demands to the health authorities and the government, no feedback has ever been given to date, he added.

MIAP

Lanka IOC hikes fuel prices from midnight

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The prices of fuel will soar from midnight today (06) revealed the Lanka IOC.

Accordingly, the price of a litre of Octane 92 petrol will be increased by Rs. 07, and its new price will be Rs. 184.

The price of a litre of Octane 95 petrol will be up by Rs. 03, marking Rs. 213.

The price of a litre of Diesel will be up by Rs. 03, making the new price Rs. 124.

MIAP

Sri Lanka to obtain debt from India and Australia ahead of Sinhala and Tamil New Year

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Sri Lanka is set to obtain debt reliefs from India and Australia for the importation of food items for the upcoming Sinhala and Tamil New Year, disclosed Trade Minister Bandula Gunawardena.

Accordingly, discussions have already commenced to obtain a debt facility of US$ 01 billion from India and US$ 200 million from Australia.

Under the debt facility from India, potatoes, onions, dhal and medicines are expected to be purchased and under the debt from Australia, dhal and barley.

The imports backed by these debts will be sufficient for six months and the repayments are to be carried out in monthly instalments, reports added.

MIAP

Player managers to be regulated

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By Champika Fernando

Following allegations that some player managers had “a field day” during the Lanka Premier League (LPL) player draft, the Sports Ministry is finally drafting a regulatory framework to register agents.

This means National Sports Associations (NSAs) listed with the Ministry of Sports, including Sri Lanka Cricket (SLC), must introduce an accreditation and registration system for all player managers, conduct background checks and impose the same code of conduct, anti-corruption and anti-doping conformity on them as players.

Attorney-at-Law Panduka Keerthinanda

There have been calls for regulation in the past, with players like Kumar Sangakkara, one of the first to enlist a manager, advocating for an accreditation and registration system for agents. Increased commercialisation and allegations of player managers influence on matters other than commercial aspects are now forcing the Ministry to bring them under a framework.

At the request of Roshan Mahanama–who recently resigned from the Technical Advisory Committee (TAC) appointed by the Sports Minister to advise him on all cricket-related matters–lawyer Panduka Keerthinanda has drafted regulations that require all NSAs to bring player agents under a binding agreement. They will be covered by the Sports Act No 25 of 1973.

Keerthinanda, a sports law expert, was also instrumental in drafting the anti-doping law and the anti-corruption law, which made all sports-related corruption punishable offences in a court of law.

“This is beginning to be a mafia,” Keerthinanda said, in an interview with the Sunday Times. “The so-called player agents are manipulating the game, manipulating players, manipulating selections and are acting as trade unionists.”

“The players can have their own managers but if the integrity of the game they play is going to suffer, then we need to act,” he said. “This is why we need to regulate them, bind them under the existing laws in the country and bind them with the Olympic Charter, ICC’s Code of Ethics and etc.”

Once in place, managers or agents, whoever they are called, will be subjected to code of conduct, code of ethics, conflict of interest clauses, the rules and regulations of the respective sports body, sports laws and national regulations as well as laws of their respective international sports bodies.  FIFA, the world body for football, has an accreditation system for player managers that help carry out background checks. In 2015, the Board of Control for Cricket in India introduced a code of conduct for managers and warned its players not to deal with anyone not accredited with the BCCI. The Pakistan Cricket Board and Cricket Australia have their own codes of conduct and registration process for managers.

“There’s a very bad public perception about the managers,” Keerthinanda averred. “This is because of the secretive way in which they have operated in the absence of proper guidelines or a code of conduct. This is why we need to bring them under abiding agreement.”

“I had a discussion with Mahanama, the former Test cricketer and former ICC match referee, and he invited me to draft the regulations for the sports agents. I have done a draft and presented it to him to take the next course of actions,” he said.

“When the regulations are in effect, the NSAs should make their own regulations to sign them up,” he elaborated. “This will make these agents responsible for looking after the interest of the player and also protect the name of the player without tarnishing their name. The agents will also be subject to anti-corruption law, anti-doping law and all statutory laws in the country and their respective international bodies”.

Keerthinanda says some athletes are paying the price of wrong association. “There are certain agents I know who have recommended supplements for their clients and these guys are paying for it with their careers,” he revealed. “The innocent player gets caught and banned but the manager gets away scot-free. These regulations will make the player agents responsible for the action of the players.”

Importantly, these regulations will cover Act No 25 of 1973. “There should be a code of conduct, a code of ethics and there can’t be any conflict of interest,” he reiterated. “Today the agents have become more powerful than the players and in some cases, they earned more than the players who put in the hard yards. The intention here is to help the sportsmen and women to stop the exploitation by certain individuals.”

Keerthinanda says this is not solely his or Mahanama’s opinion but that of many stakeholders pushing for sports development. Player managers were unheard of in Sri Lanka during the 90s but when Charlie Austin, a Colombo-based Englishman, signed up Kumar Sangakkara and Mahela Jayawardena as his clients, it created a new profession in the island.

Austin ventured into the industry after realizing it had huge potential. He started with Mahela Jayawardena, who needed assistance with his off-field affairs, but soon built an empire with a majority of high profile cricketers seeking his professional support in career advancement.

The areas of focus of a manager are contract negotiation, career planning, sponsorships and endorsements, lifestyle and financial services, and investments. Contrary to popular belief, agents do not charge a fee from Sri Lanka Cricket (SLC) contracts, match fees or any other payments that players receive directly or indirectly from their employer. Their main income comes from private leagues (i.e. IPL, LPL, PSL, BPL and BBL), sponsorship or equipment deals.

“As I said before, we need to have player managers in this day and age,” Keerthinanda said. “What is required is to bring them under a proper professional framework to safeguard the interest of the athletes.”

Sunday Times

Armed Forces among Mourners on the Death of Ms Lata Mangeshkar, the Iconic ‘Nightingale’

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The Chief of Defence Staff and Commander of the Army, General Shavendra Silva in a message of condolence, sent to India’s Chief of Army Staff (COAS), General Manoj Mukund Naravane on the death of India’s legendary songstress, Ms Lata Mangeshkar, affectionately referred to as the ‘Nightingale of India’ maintains that her cultural ambassadorial contribution to the music industry has left an indelible milestone in the hearts of all Sri Lankans, including those of the armed forces who closely interact with Indian counterparts for exchange of professional career projects for so many years.

Late Lata Mangeshkar who had sung in more than thirty six languages and recorded some 30,000 plus songs honoured Sri Lanka by singing a couple of Sinhala songs, too which turned to be popular hits after they were released in Sri Lanka late in1950s and 1960s. “It is her musical tradition that impacted the whole of Asia, and Sri Lanka remains no exception. Her soothing universal voice that penetrated the hearts and minds of Sri Lankan music-lovers mesmerized people and that melodious voice would continue to reverberate through for generations since her iconic voice had no boundaries,” General Shavendra Silva commented.

The condolence message has also been copied to His Excellency, Gopal Baglay, High Commissioner of India for Sri Lanka. The Indian government has declared two days of National Mourning from Sunday (6) during which the national flag would be flown at half-mast throughout the country. Her state funeral would take place in Mumbai on Sunday evening.

ARMY.LK

Public employees should consider the people as their employers – Gamini Senarath 

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Secretary to the President Gamini Senarath says that public employees should consider the people as their employers and ensure that they perform their duties efficiently as the people pay salaries to the officers who join the public service through free education.

“There are 1.4 million public servants in this country. There is one public servant for every 15 people. But the perception of the people about the public service has not changed. The public service is now physically advanced but needs to be further developed in terms of attitude. I do not accept the fact that the public service is inefficient. The public service is efficient. However, due to the actions of certain institutions and officials, people have a negative attitude towards public service.

Public servants are those who study in free education in our country and are paid by the people. Therefore, the people should be treated as employers of public servants. The majority of those who enter the public service are well versed in the rural environment and culture, so you have a responsibility to identify the problems of the people and solve them.

Although the working hours of public servants are from 8.30 am to 4.30 pm, we have to dedicate our time to the maximum for the country and the people. No matter where you are in Sri Lanka, serve honestly and sincerely, not only for friends, relatives, or acquaintances but also for everyone. I was never limited to eight hours of work.

When you go to an institution, work for the people, for the country, in collaboration with the mamager and the other officials, and work in a new way, not being a traditional public servant, subject to tradition. Many do not want to change the tradition. Try to work out of tradition without creating conflicts. Most of the time when I work I make a policy. That a person who comes to the institution for a problem will not be brought in more than twice. You have to work to solve that problem as much as possible. As public servants, you must be humane. You must be a good listener. It is also important to make the environment you work in a pleasant place.

Going beyond tradition, I was able to make the Department of Immigration and Emigration an efficient place to issue a passport in one day. Consider the issues that people bring as your own issues. People’s representatives are people who represent the people, so public servants have to work with people’s representatives. Commit to provide a fair service for the people and the country beyond your salary ”

Secretary to the President Gamini Senarath said this at an awareness program held at Temple Trees to educate the officers who have passed the open section examination of the Sri Lanka Administrative Service and are about to enter the Public Administration Service.

Secretary to the Prime Minister Anura Dissanayake, Secretary to the Ministry of Public Service, Provincial Councils and Local Government JJ ​​Ratnasiri, Additional Secretaries to the Prime Minister Harsha Wijewardena, Attorney-at-Law Chaminda Kularatne, Nishantha Weerasinghe, Director General of the Sri Lanka Institute of Administrative Development Pradeepa Serasinghe, Councilors And officials from the Ministry of Local Government, the Institute of Administrative Development and officials from the Public Administration Service were also present at the event.

We are in a society where freedom of expression is being completely deprived – Fr. Cyril Gamini

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We are living in a society where freedom of speech and expression is being completely deprived, says Fr. Cyril Gamini, Media Spokesman for the Archdiocese of Colombo.

“The CID had summoned for questioning a person who had commented on a video of my statement about the Easter attack that had been posted on the Internet. Freedom of speech and expression is an internationally recognized fundamental human right. We live in a society where a person completely loses the right to express his opinion, ideas and criticism.

When a person expresses his opinion, he is brought to the CID, taken to the police and interrogated, anyone could become nervous to express his opinion in public. It is our right to say that the victims of the Easter attack, deserve justice. If that does not happen then it is our right to express our views in public. Everyone should respect that right.

Therefore, I do not think it is appropriate for a democratic country to waste the time of the police and the CID by bringing in and harassing these innocent people. If people who leave a comment are brought to the police and started questioning, I think the police and the CID will have no time to do other work. So there is more important work. We keep calling for a proper investigation into this Easter attack. That is more important. ”

Father Cyril Gamini said this while commenting on a Facebook comment regarding the summoning of a person to the CID yesterday (05).

India’s venerated singer – Lata Mangeshkar passes away

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Lata Mangeshkar, one of India’s most venerated singers who sang tens of thousands of songs in her lifetime, has died at the age of 92.

She had been admitted to a hospital in Mumbai city in January after testing positive for Covid-19.

Federal minister Nitin Gadkari confirmed the news on Sunday.

Mangeshkar had an extraordinary career spanning over half a century, singing more than 30,000 songs across 36 languages.

But it was her work in Bollywood, India’s Hindi film industry, that made her a national icon.

As news broke, tributes began pouring in for Mangeshkar, who was often called the “nightingale of Bollywood”.

President Ram Nath Kovind said the news was “heart-breaking” and added that her accomplishments would remain “incomparable”.

Mangeshkar was born in Indore city, in the central Indian state of Madhya Pradesh, on 28 September 1929. She began learning music at the age of five from her father, Deenanath Mangeshkar, who was active in theatre.

After her father’s death, the family moved to Mumbai (then Bombay), where a teenaged Mangeshkar began singing for Marathi movies.

She also acted in small roles in a few films to support her family, but would say later that her heart wasn’t in it. “I was happiest singing.” she told interviewers.

She got a big break in 1949 – it was a haunting song called Aayega Aanewala for the movie Mahal.