01. CORPORATE LEGAL REFORMS IN CORPORATE BANKRUPTCY LAWS
It has been witnessed that provisions of the Insolvency Ordinance No 24 of 1884 are not sufficient in dealing with issues related to enterprises that have faced difficulties. Moreover, the need of new laws related to bankruptcy has aired for reform of public enterprises. If suitable and productive laws are being implemented to take action in bankruptcy situations, Sri Lanka would gain a higher rank in the Ease of Doing Business Index. Accordingly, the proposal made by Hon.Prime Minister Ranil Wickremesinghe, toamend the Companies Act No. 7 of 2007 for introduction of new laws in institutional bankruptcy that suit present day needs, was approved by the Cabinet of Ministers.
01. PLANNING REVIEW OF TRINCOMALEE METRO AREA AND SURROUNDING CITIES (Document No - 07)
The Trincomalee area has been identified as major zone that could be developed as agricultural and energy hubs under the development program of the present government. It is also potential for establishment of manufacturing and tourist zones. The ability of amalgamating the development of Anuradhapura, Polonnaruwa, Batticaloa and Hingurakgoda cities with the Trincomalee development process will also be concerned in this review. Therefore, to cater for changing needs of the area, a planning review has to be done in order to prepare a concept plan and a detailed master plan in this regard.
Accordingly, the proposal made by Hon. Prime Minister Ranil Wickremesinghe, in his capacity as the Minister of National Policies and Economic Affairs, to obtain the assistance of a well experienced foreign company to conduct a planning review, was approved by the Cabinet of Ministers.
This programme is a five year programme financed conjointly by the Sri Lankan government and the International Fund for Agricultural Development of the UN. The programme intends to increase the income of landless youth and small farm owners from 20% to 30% through providing a good price for their harvest, improving the productivity of the farm and value addition for products. 06 value addition projects have been initiated with the private sector under this programme and they have benefitted 5,648 rural agricultural producers. It has also benefited 2710 rural entrepreneurs buy offering small loan facilities. The proposal made byH.E. the President Maithripala Sirisena, to improve farm productions, provide entrepreneurship training for youths in low income families and to provide them loans of small amounts to further improve the benefits of this programme, was approved by the Cabinet of Ministers.
01. ALLOCATION OF A LAND IN EXTENT OF 100 ACRES TO ESTABLISH A CATTLE SANCTUARY IN EMBILIPITIYA AREA (Document No - 06)
The proposal made by H.E. the President Maithripala Sirisena, in his capacity as the Minister of Mahaweli Development and Environment, to provide a land in extent of 100 acres allotted out of the land of 200 acres in Kovul Ara village in Sevanagala Divisional Secretary Division in the Monaragala District, reserved for a grassland to establish a Cattle Sanctuary to Sri Bodhiraja Trust, Sri Bodhiraja Dharmayathanaya Embilipitiya which was established under the act no. 30 of 1993 for a long term tenancy of 30 years charging a nominal tax, was approved by the Cabinet of Ministers.
01.SIGNING OF A MOU BETWEEN SRI LANKA AND CHINA ON COOPERATION IN THE FIELD OF TOURISM
The proposal made by Hon.John Amaratunge, Minister of Tourism Development and Christian Religious Affairs, tosign a Memorandum of Understanding as proposed at the 7th meeting of the China-Sri Lanka joint Committee on Economic Cooperation during the forthcoming official visit of the Hon. Prime Minister to China, was approved by the Cabinet of Ministers.
01.ESTABLISHMENT OF A DATABASE OF RESOURCE PERSONS WITH BILINGUAL/TRILINGUAL COMPETENCIES IN DISTRICT LEVEL BY THE OFFICE FOR NATIONAL UNITY AND RECONCILIATION
The right of every citizen to negotiate with the government in their mother tongue has been affirmed by the constitution. Though various steps have been taken time to time by the government to affirm this right, the lack of sufficient officers capable in working bilingually in Sinhala/Tamil and English or trilingual in Sinhala, Tamil and English still prevails in government institutions. The proposal made by H.E. the President Maithripala Sirisena, toestablish a database of bilingual/trilingual resource persons and to make those details open for all government and nongovernment institutions and for the public, and to obtain their service where necessary to public institutions, was approved by the Cabinet of Ministers.
01.Implementation of a Waste Management Project in Matara Municipal Council and MataraPradeshiya Sabha areas
A project to establish a centre for disposing waste in a proper manner and a plant for generating electricity power using bio-gas produced from waste in Kotavila, has been planned to be implemented in line with DeyataKirula National Development Programme 2015, and was suspended with the cancelation of the exhibition. The proposal made by H.E. the President Maithripala Sirisena, in his capacity as the Minister of Mahaweli Development and Environment, toimplement the above project with the cooperation of the private sector for resolving the waste disposal issue faced by the residents of the area, was approved by the Cabinet of Ministers.
1. Agreement on Global Environmental Disaster and the local strategic convention (local contribution for minimizing global warmth)
The global warmth is on the increase due to excessive burning of the fossil fuel, industrialization, urbanization, denuding of forests cover, and environmental pollution. It has been forecast that the global warmth will increase by about 4 degree celcius by the end of this century. The environmental disasters that would take place due to the increase of global warmth would adversely affect the sustenance of the humans. As per the conclusions made at the 21st session of the United Nations Framework Convention held in the French capital France on Environmental disaster (UNFCCC) from 30th November 2015 till 11th December, by the year 2100 it was agreed to take all possible measures to maintain the global warmth level at least at 1.5 degree Celcius and to prevent it increasing beyond 2 degree Celcius. Sri Lanka has also in agreeing to contribute to the decisions taken at this summit has decided to sign this agreement (Paris Agreement), and in accordance with implementing the proposal to minimize the emission of greenhouse gasses to formulate policies and plans and to formulate laws to establish a Commission relating to Climate Change (Climate Change Commission of Sri Lanka), to launch 10,000 environment friendly villages (Green Smart Villages) throughout the country in collaboration with community organizations to implement the “Green Environmental Beautiful Sri Lanka programme during the period from 2016 to 2020. The Cabinet of Ministers approved a proposal made for this purpose by Hon. President Maitripala Sirisena in his capacity as the Minister of Mahaweli Development and Environment.
01.Ecosystems Conservation and Management Project (ESCAMP)
Though Sri Lanka has been graded as a biodiversity hot spot, the ecosystem and the biodiversity of the country has encountered a severe threat. Guiding Sri Lanka to a sustainable development that conserves and manages the environment is a major objective of the government. This projects aims at strengthening the capacity of public institutions and public for development of hotspot ecosystems by demonstrate a sample on elephant-man coexistence and sustainable use and conservation of natural resources. The proposal made by H.E. the President Maithripala Sirisena, in his capacity as the Minister of Mahaweli Development and Environment, toimplement the above project from 2016-2021 with a loan of US$ 40 million granted by the World Bank and Rs. 473 million spent by the Government of Sri Lanka, was approved by the Cabinet of Ministers.
Cabinet Committee on Economic Management headed by the Hon. Prime Minister has been established to make recommendations to the Cabinet of Ministers related to implementation of laws and related subjects directly related to economic affairs, monetary and financial policy, national investment programme, facilitating private sector investments, investments and economic development of the country. The proposal made by Hon.Prime Minister RanilWickremesinghe, to introduce a suitable method to make moreefficient the implementation of recommendations made by the said committee, was approved by the Cabinet of Ministers.