- July 7, 2023
- Posted by: legaleseblogger
- Category: Related News
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Foreign Why did Sri Lanka go bankrupt? Do you really want to know the answer to that question? Well, soon you might be able to because Parliament has appointed a special select committee to find out just that.
Good evening and welcome to Prime Time News on TV One. I’m Charlotte Benedict for the News First Team, and I’m Naveek. Let’s start off by taking a detailed look at your headlines for tonight.
A special Parliament select committee chaired by SLPP General Secretary has been appointed to find out why Sri Lanka went bankrupt. Nine out of the 14 members are from the SLPP. However, the opposition leader has rejected the President’s invitation to debate on the anti-corruption bill, resulting in its postponement.
The delay raises concerns and questions about bringing new laws to curb corruption when the existing laws are not effectively enforced. These concerns were raised in Parliament, along with discussions about disability benefits and ongoing protests on the streets.
Furthermore, the Governor of the Central Bank has requested the financial sector to give the general public the benefit of the reduction in policy interest rates. Additionally, there have been calls for the release of Natasha, who is a detainee in the Bayeux foreign case.
Taking a closer look at the stories in detail, the enactment of the anti-corruption act, which is a major condition in the extended fund facility program with the International Monetary Fund, has been further delayed. The bill was taken up for debate in Parliament for the second day, and the government faction proposed further discussions and amendments, with the approval of the bill set for July 19th.
The opposition strongly objected to this move, expressing the need for immediate amendments instead of delaying the process further. Questions were raised about the reasons behind the delay and suspicions were voiced about potential ulterior motives.
In response to these claims, the Justice Minister’s conscience was brought into question, with concerns about the influence of certain parties in the postponement of the bill. Efforts to pass the act were emphasized, with the Justice Minister himself expressing the mystery surrounding the delay.
Regarding the appointment of the select committee to investigate the reasons behind Sri Lanka’s bankruptcy, the speaker of parliament revealed that it is comprised of members from the SLPP and the opposition. However, a fierce debate ensued when the opposition expressed concerns about a government MP chairing the committee, claiming that it should be chaired by an opposition member to ensure transparency.
The opposition argued that postponing the act and appointing a committee led by the government could hinder the discovery of the true reasons for the country’s bankruptcy. The issue of tax concessions was highlighted as a major contributing factor to the bankruptcy, with claims made that those who supported these concessions should not be part of the committee investigating the matter.
Counterarguments arose, stating that the membership of the committee does not determine the outcome, as the truth will be revealed regardless of who is appointed. The discussion escalated into accusations and counter-accusations of corruption and mismanagement by various political parties.
In light of these discussions, a statement was made in Parliament today, shedding light on the current political situation in the country. It highlighted the disparity in the application of the law, where small-scale criminals face punishment while those involved in larger-scale corruption roam free.
The statement questioned the effectiveness of the law and pointed out that the issue lies not in the lack of laws but in their enforcement against powerful individuals who receive protection from politicians.
In summary, the establishment of the select committee aims to uncover the reasons behind Sri Lanka’s bankruptcy. However, concerns and debates surrounding the delay of the anti-corruption act and the effectiveness of law enforcement have raised questions about the commitment to addressing corruption and ensuring accountability.
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