Monday Feb 24, 2025
Wednesday, 13 March 2024 00:26 - - {{hitsCtrl.values.hits}}
Pivithuru Hela Urumaya leader Udaya Gammanpila has announced plans to submit a bill to amend the Central Bank Act, aiming to abolish recent excessive salary increases and prevent future arbitrary raises.
Speaking to the media he criticised the Central Bank officials for allegedly abusing their independence and implementing a 70% salary increase without proper justification.
He expressed disappointment over the lack of action by the Government in addressing the issue, despite previous objections to granting excessive independence to the Central Bank.
Highlighting the need for accountability and oversight, Gammanpila underscored the importance of obtaining prior approval from the Finance Minister for any future salary increases within the Central Bank.
“The proposed amendment aims to introduce a special clause to Section 23 (a) of the Act, ensuring that such salary hikes cannot be made without proper authorisation,” he pointed out.
Gammanpila underscored the urgency of the situation, citing recent instances where Central Bank salaries were increased by 73% and 93% without adequate oversight.
He urged critics to take tangible action and support the proposed Bill as a means to address the issue effectively.
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.