The Cabinet of Ministers this week granted approval to establish a Youth entrepreneurship development fund to support young entrepreneurs who are facing financial difficulties and resources to start their own business startups.
The fund is to be setupped in keeping up with the government's policy framework 'Vistas of Prosperity and Splendour' along with a lottery to support the fund.
The Cabinet proposal was submitted by the Minister of Youth and Sports to initiate the fund through a Parliamentary act. The Cabinet also directed the Legal Draftsman to prepare the draft bill.
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The Ministry of Environment has taken steps to declare an additional 50 forests as protected reserves, Under the ’Wanaspati’ National Programme.
The former Head of the State Intelligence Service, Major General (Retired) Suresh Sallay has been admitted to the Colombo National Hospital after his medical condition was notified to the Magistrate.
The National Water Supply and Drainage Board (NWSDB) warned that water supply restrictions would be imposed from 8.00pm today in Colombo District from today onwards

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