- Last Update 2024-07-19 10:17:00
Ranil calls Govt to disclose foreign reserve status
Former Prime Minister Ranil Wickremesinghe today (29) called the government to disclose the current status of foreign reserves amidst reports that the dwindling reserves may affect the future fuel purchases.
Mr Wickremesinghe said that usually the figures of the foreign reserves are disclosed to the International Monetary Fund (IMF) by Friday and since the figure is available, it should be disclosed to Parliament in order for members to discuss on how the country should prepare for possible power cuts.
He said internal sources have revealed that the foreign reserves have dropped to 1.5 billion US dollars out of which 300 million US dollars are of gold.
He said if the foreign reserves were down, it could affect the plans to purchase fuel resulting in possible power cuts by March next year. “If we have to face power cuts we have to face it. We need to prepare for this,” he added.
However, Petroleum Minister Udaya Gammanpila said that in view of the rains, the hydro power generation has gone up to about 50 per cent and therefore there would be no threat to power supplies. “If at all we can have shortage of fuel supplies, not power cuts”, he added.
-
Still No Comments Posted.
- July 11, 2024 - 1272 - 0
Colombo Fort Magistrate interdicted
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
- July 16, 2024 - 319 - 0
MP on open warrant turns up at school event
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
- July 12, 2024 - 278 - 0
SC refuses interim order on Judges appointments
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
- July 10, 2024 - 277 - 0
Deadline extended for G.C.E. A/L applications
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
- July 12, 2024 - 191 - 0
Gazette on new speed limit regulations to be issued within two weeks
Gazette on new speed limit regulations to be issued within two weeks
Related Articles
Justice Minister orders to suspend issuing of gazette on 22nd Amendment
- 18/07/2024 - 75 - 0
Senior DIG Nilantha Jayawardena sent on compulsory leave
- 18/07/2024 - 109 - 0
IN PIX: News Pictures of the week
- 18/07/2024 - 19 - 0
Leave Comments