New regulatory committee to be established for three-wheelers

COLOMBO (News 1st); Finance Minister Basil Rajapaksa today stated that a regulatory committee will be established for regulating Three-wheelers. Speaking during the Budget presentation at the Parliament today (12), the Finance Minister stated that the age of retirement will be increased to 65, however, this will not pose a loss of jobs for the youth while enabling more jobs for older persons. Moreover, Samurdhi banks will be developed as 'One-stop-shops'  where the public will be able to obtain many services. The allocation of TV and Radio Frequencies will take place via an open tender process, the Finance Minister proposed,  noting that frequencies are considered as public property. The Government also directed its attention at the education sector of the country, with the proposal to grant access to fiber-optic services to over 10,000 schools on the island. Moreover, a Social Security Program for Senior Citizens will be introduced in addition to the introduction of mechanisms to improve child health and mental health, alongside new legislation for disabled persons. Meanwhile, several improvements will also be made to the Private sector, he added, with new fabric-manufacturing plants being established in Eravur to uphold the apparel production sector of the nation, and the rubber sector to be empowered with the manufacturing of rubber-based products and the limitation of rubber imports. The raw material necessary for renewable energy sources will also be manufactured in Sri Lanka, with the goal of increasing the consumption of electricity out of renewable sources. The private sector will also be empowered to establish one private hospital and one school per each District, with the view of increasing the District-wide disparities present in the education and the health sectors.