News
Government Announces Additional Fertilizer Subsidy for Small-Scale Tea Growers
The government has decided to provide an additional fertilizer subsidy to small-scale tea plantation owners as concerns grow over rising global fertilizer prices and increasing import costs, Minister of Plantations and Community Infrastructure Samantha Vidyaratne announced.
The Minister stated that the Treasury has already allocated the required funds for the subsidy program, aimed at easing the financial pressure on tea growers affected by escalating agricultural expenses.
Speaking on the current situation, Vidyaratne noted that although Sri Lanka is not facing a fertilizer shortage at present, global market conditions could drive prices higher in the coming months.
He explained that fertilizer prices have increased internationally due to prevailing global tensions, while shipping charges and maritime insurance premiums have also surged, pushing up the overall cost of imports.
Despite the anticipated price hikes, the Minister assured that the government would maintain a continuous supply of fertilizer across the country.
Vidyaratne pointed out that the government had earlier introduced an additional subsidy of Rs. 5,000 per hectare for paddy farmers as relief amid the ongoing global conflict situation. The assistance applies to a maximum of two hectares, allowing eligible farmers to receive up to Rs. 10,000.
He further stated that a similar relief measure has now been extended to small-scale tea plantation owners, with an additional subsidy of Rs. 5,000 being granted to support the sector.
The Minister emphasized that the government’s objective is to reduce the financial burden on farmers while ensuring uninterrupted access to fertilizer despite rising international costs.
Heavy Rains Push 26 Reservoirs to Spill Across Sri Lanka
Relentless heavy rainfall across the country has caused 16 major reservoirs and 10 medium-sized reservoirs managed by the Department of Irrigation to spill, raising concerns for residents living in low-lying and reservoir-adjacent areas.
Director of Irrigation (Water Management) Eng. H.M.P.S.D. Herath stated that several key reservoirs in multiple districts are currently overflowing due to rapidly increasing water levels.
Among the major reservoirs spilling are the Rajanganaya Reservoir in Anuradhapura, Sorabora Wewa in Badulla, and the Lunugamwehera, Weerawila, and Weheragala reservoirs in Hambantota. Reservoirs including Deduru Oya and Magalla in Kurunegala, Wemadilla and Nalanda in Kandy, and Alikota Ara in Monaragala have also exceeded capacity.
According to the Irrigation Department, intense rainfall in the Kala Wewa River Basin during the past few days triggered overflow conditions in the Rajanganaya, Dewahuwa, and Wemadilla reservoirs.
Authorities have opened 12 spill gates of the Rajanganaya Reservoir, releasing water at a rate of 18,500 cubic feet per second.
Heavy rainfall in the Kirindi Oya River Basin has also led to overflowing conditions in the Lunugamwehera, Tissa Wewa, Weerawila, Yodha Wewa, and Alikota Ara reservoirs.
Six spill gates of the Lunugamwehera Reservoir have been opened to discharge water at 7,100 cubic feet per second, while six spill gates at the Weheragala Reservoir are releasing over 2,400 cubic feet of water per second into the Menik Ganga.
Meanwhile, medium-sized reservoirs currently spilling include Angamuwa, Bomburuella, Maha Siyambalangamuwa, Saddhatissa, Malimpotha, and Marathamadu reservoirs.
The Irrigation Department has urged the public, especially those living in vulnerable low-lying areas, to remain alert as water levels and spill gate releases may continue to fluctuate depending on future rainfall conditions.
Sri Lanka to Launch Direct PayPal Payment Access from May 15
Sri Lanka is set to take a major leap in its digital economy with the launch of direct PayPal payment receiving facilities from May 15, marking a long-awaited breakthrough for local freelancers, entrepreneurs and online service providers.
The government announced that all arrangements have been finalized to enable direct receipt of funds through PayPal, one of the world’s leading online payment platforms, following years of appeals from the country’s business and technology sectors.
The initiative became possible after months of discussions involving the Ministry of Digital Economy, the Central Bank of Sri Lanka and the private banking sector to remove legal and technical barriers that had previously blocked direct PayPal transfers into the country.
With the new system in place, local users will no longer be forced to depend on unofficial money transfer methods or overseas addresses to receive payments from international clients.
The government stated that the move is expected to provide significant support to small and medium-scale online businesses by allowing payments to be deposited directly into local bank accounts, while also strengthening official foreign exchange inflows to the country.
Authorities further noted that the entire process will operate under the supervision of the Central Bank, ensuring transparency in transactions and improving the collection of tax revenue linked to online earnings.
Economic analysts believe the introduction of the service will become a major milestone in the expansion of Sri Lanka’s digital commerce sector and create new opportunities for the country’s growing freelance and IT workforce.
Sri Lanka and Vietnam aim for $ 1B trade by 2030, direct flights to begin this year
President Anura Kumara Dissanayake announced that Vietnam Airlines will commence direct flights between Sri Lanka and Vietnam within this year.
Speaking at a joint media event held with visiting President of Vietnam, Tô Lâm, he further stated that bilateral trade between the two countries is expected to reach USD 1 billion by 2030.
President Tô Lâm, in his remarks, noted that Vietnam seeks to further strengthen relations with Sri Lanka across all sectors, reaffirming the commitment to expanding bilateral cooperation.
(Adaderana.lk)
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