Portfolios and functions of Ministers gazetted; CBSL, SEC, ETF under PM

Sep 22, 2015 (LBO) – Sri Lanka's Prime Minister Ranil Wickremesinghe has taken several important financial institutions under his purview, as per the gazette notification published on the subjects under each minister. The Prime Minister as the Policy Planning and Economic Affairs Minister has taken the Central Bank, the Securities and Exchange Commission, the Employees Trust Fund and CRIB under his purview. All together 20 institutions including the Public Utilities Commission, National Wages Commission, Department of External Resources and Department of Census have been gazetted under Prime Minister’s control. Wickremesinghe also kept these institutions under the period of 100 day government. Meanwhile Finance Minister Ravi Karunanayake has been given 26 institutions including the Treasury and its departments, the Inland Revenue Department, Valuation Department and Sri Lanka Customs. The Minister is also in charge of Insurance Board of Sri Lanka, Excise Department and National and Development Lotteries Boards. Urban Development Authority, Land Reclamation and Development Corporation and National Physical Planning Department are under the purview of Megapolis and Western Province Development Minister Patali Champika Ranawaka. Public Enterprise Development Ministry has 19 state institutions to develop including all state Banks, Sri Lanka Insurance Corporation and as well as troubled SriLankan Airlines and Mihin Lanka. Newly formed Telecommunications and Digital Infrastructure Ministry has two key institutions namely the ICTA and SLT under its purview apart from the control of all IT parks. Meanwhile newly formed Development Strategies and International Trade Ministry headed by Malik Samarawickrama is in charge of 4 institutions namely the BOI, Export Development Board, Export and Import Department and ‘Mahapola’ Trust Fund. Civil Aviation Authority and Airport & Aviation Services (Sri Lanka) Limited have been gazetted under the Ministry of Transport. (Updated)