 1. Establishment of the National Food Policy and Security
Committee
Objective:
To ensure national food and nutritional security by providing accessible,
affordable, and quality food for all citizens.
Key Strategies:
This initiative emphasizes domestic food production while maintaining a 3-month
essential food reserve. A scientific data-driven food security system will be
established, integrating public and private sectors in production, storage, and
distribution efforts. The Presidential Secretariat, supported by a
multi-ministerial steering committee, will oversee coordination.
Implications:
This policy addresses food security challenges, promotes self-reliance in food
production, and fosters public-private sector collaboration.
2. Funding for Energy System Strengthening through the Asian Development Bank
Objective:
To enhance the reliability of Sri Lanka’s electricity transmission and
distribution network.
Key Strategies:
With $200 million in funding from the Asian Development Bank, $150 million is
allocated to the Ceylon Electricity Board (CEB) and $50 million to Lanka
Electricity Company Private Limited. The funding focuses on modernizing
infrastructure.
Implications:
This initiative supports sustainable energy goals, reduces outages, and
strengthens system resilience.
3. Rehabilitation of the Karainagar Boat Yard
Objective:
To revitalize maritime facilities for fisheries and related activities.
Key Strategies:
With financial support from the Indian Government, the project includes
upgrades in machinery, office equipment, and repair infrastructure.
Implications:
The rehabilitation strengthens the fisheries and maritime economy while
enhancing bilateral relations between Sri Lanka and India.
4. Fishermen Subsidy Program for Economic Recovery
Objective:
To provide economic relief to fishermen impacted by the ongoing economic
crisis.
Key Strategies:
Subsidized fuel (diesel and kerosene) and direct financial assistance are
allocated for small-scale fishing vessels.
Implications:
The program offers immediate relief to affected communities and ensures
continuity in the fisheries sector.
5. Proposal for Ramsar Convention on Wetlands
Objective:
To promote international recognition and conservation of Sri Lanka’s wetlands.
Key Strategies:
The submission of "Rights of Nature in Wetlands" at Ramsar COP 15
aims to preserve wetlands and promote sustainable usage practices.
Implications:
This policy strengthens Sri Lanka’s leadership in environmental conservation
and fosters global partnerships.
6. Modernization of the Driver Licensing System
Objective:
To transition from traditional driver’s licenses to a digital system,
streamlining administration and improving security.
Key Strategies:
Digital licenses will replace traditional ones, with the existing system
continuing until the full transition is completed.
Implications:
This enhances efficiency in transportation administration and minimizes fraud.
7. Receipt of Diesel Engines from India for Sri Lanka Railways
Objective:
To boost the efficiency of Sri Lanka’s railway system.
Key Strategies:
India will donate 22 ALCO diesel engines, along with spare parts and
maintenance support for five years from RITES Ltd.
Implications:
This donation strengthens public transportation and deepens economic
cooperation with India.
8. Support for Small and Medium Enterprises (SMEs)
Objective:
To provide financial relief for SMEs facing challenges due to unpaid loans.
Key Strategies:
The suspension of the "Parate" law until March 2025 creates
frameworks for debt recovery without asset liquidation.
Implications:
The initiative allows SMEs to stabilize financially and builds trust between
businesses and financial institutions.
9. Revised Taxation Agreement with India
Objective:
To align the 2013 Double Tax Avoidance Agreement with modern standards.
Key Strategies:
The policy incorporates OECD BEPS standards and protocols for fair tax
administration.
Implications:
It prevents double taxation, reduces tax evasion, and boosts trade and
investment between Sri Lanka and India.
10. Donation of Fertilizer for Agricultural Use
Objective:
To enhance agricultural productivity with international support.
Key Strategies:
The World Food Programme has donated 55,000 metric tons of Muriate of Potash,
half of which is allocated for paddy and other crops, with the remainder for
coconut cultivation.
Implications:
This provides immediate support to farmers and stabilizes agricultural output.
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