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Oral Questions - Wednesday 24th June 2009

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QUESTIONS FOR ORAL ANSWERS

To be raised by the Hon. Ravi Karunanayake when
Parliament meets on Wednesday 24th June 2009



1.    0030/’09
Hon. Ravi Karunanayake – to ask the Minister of Finance and Planning –

(a)    Will he admit that the National Savings Bank (NSB) has borrowed US Dollars 50 Million from the ICICI Bank India and lent this money to the Government?

Answer:

National Savings Bank borrowed US Dollars 50.0 Million from ICICI Bank India through its Colombo Branch for the purpose of lending back the total loan amount to the Government of Sri Lanka.


(b)    Will he state, –

(i)    the full details of the terms agreed on borrowing and in return on lending;

Answer:

Terms agreed with ICICI Colombo Branch

Tenure: One year
Interest Rate: LIBOR + 1.42% per annum
Interest Payable: Quarterly
Security: Unsecured
Date of Borrowing: 22nd October 2007
Capital Repayment: On maturity (after 12 months)

Terms agreed with the Government of Sri Lanka (GOSL)

Amount: US Dollars 50.0 Million
Tenure: One year
Interest Rate: LIBOR + 1.75% per annum
Interest Payable: Quarterly
Security: Unsecured
Date of Lending: 22nd October 2007
Capital Repayment: On maturity (after 12 months)


(ii)    whether the Board of Directors of the National Savings Bank had previously engaged in similar transactions; and

Answer:

No, the Board of Directors have not previously engaged in similar transactions.


(iii)    if so, names of them?

Answer:

Does not arise.


(c)    Will he also state whether the Board of Directors of the National Savings Bank –

(i)    is empowered by it’s governing statute to engage in such transactions;

Answer:

Yes.


(ii)    is considered the prudence of strategy and the potential risks in engaging in such foreign currency transactions;

Answer:

Yes, considered the prudence of strategy and the potential risk. As borrowing was made in foreign currency and lending too was made in foreign currency, there was no currency exposure/risk to the National Savings Bank.


(iii)    was directed by the Government or the Ministry of Finance and Planning or Secretary to the Treasury to follow the above course of action and the rationale for such directions.

Answer:

No, there were no such direction from the Government or the Ministry of Finance and Planning or Secretary to the Treasury to arrange this facility. The only rationale to engage in this transaction was to widen the business horizons of the Bank and to get exposed to new business oppotunities.


(iv)    has obtained clearance from the Central Bank;

Answer:

Yes, the approval of the Monetary Board was obtained.


(v)    and the above authorities have engaged in an act of abuse of power punishable in terms of the Penal Code; and

Answer:

No, the authorities have not engaged in an act of abuse of power punishable in terms of the Penal Code.


(vi)    had carried out a comprehensive risk review taking cognizance of its responsibilities and accountability?

Answer:

Yes, carried out a comprehensive risk review on the Bank's responsibilities and accountability before engaging in this transaction.



(d)    If not, why?

Answer:

Does not arise




2.    0031/’09
Hon. Ravi Karunanayake – To ask the Minister of Finance and Planning –

(a)    Will he inform this House, the number of electorates in Kurunegala District?

Answer:

Fourteen (14)



(b)    Will he state –

(i)    the number of new wine stores, foreign liquor stores, restaurants and hotel licences issued and opened in the Kurunegala District from 1st April 2004, to date;

Answer:

Number of Wine Stores / Foreign Liquor Shops - 03
Number of Restaurants - 05
Nomber of Hotels - 06



(ii)    names of them on electoral basis along with revenue earned from these new outlets as at the end of each year from 2004 to 2007 and to date; and

Answer:

Electorate: Kurunegala
Address of the Licenced Premises: CWE, No. 74, Hettipola Road, Kurunegala
Type of Licence: FL 04
Date of Issue: 30.07.2004
Remarks: Supermarket Licence

Electorate: Dambadeniya
Address of the Licenced Premises: Hotel Dambadeniya, Athuruwala, Dambadeniya
Type of Licence: FL 07
Date of Issue: 18.10.2004
Remarks: Tourist Board Approved Licence

Electorate: Dambadeniya
Address of the Licenced Premises: Giriulla Restaurant, Alawwa
Type of Licence: FL 11
Date of Issue: 01.12.2004
Remarks: Issued under Political Victimisation

Electorate: Kurunegala
Address of the Licenced Premises: Green View Hotel and Reception Hall, Dambulla Road, Malsiripura
Type of Licence: FL 11
Date of Issue: 01.01.2005
Remarks: Tourist Board Approved Licence

Electorate: Nikaveratiya
Address of the Licenced Premises: New Meewellawa Rest, No. 577/1, 1st Avenue, Nikaveratiya
Type of Licence: FL 07
Date of Issue: 01.01.2005
Remarks: Tourist Board Approved License

Electorate: Hiriyala
Address of the Licenced Premises: R.T. Distributors Pvt. Ltd., No. 255/1, Polgolla, Gokarella.
Type of Licence: FL 04
Date of Issue: 13.01.2005
Remarks: Issued Under Political Victimisation

Electorate: Kuliyapitiya
Address of the Licenced Premises: Paramount Restaurant, Labuyaya, Kuliyapitiya
Type of Licence: FL 11
Date of Issue: 25.01.2005
Remarks: Issued Under Political Victimisation

Electorate: Hiriyala
Address of the Licenced Premises: Super Market Restaurant, Station Road, Ganewatta, Nikadalupotha
Type of Licence: FL 11
Date of Issue: 27.01.2005
Remarks: Issued Under Political Victimisation

Electorate: Kuliyapitiya
Address of the Licenced Premises: Meegahakotuwa Wine Stores, No 347B, Pannala Road, Dandagamuwa, Kuliyapitiya
Type of Licence: FL 04
Date of Issue: 01.02.2005
Remarks: Issued Under Political Victimisation

Electorate: Kuliyapitiya
Address of the Licenced Premises: Sri Jayadasa Resort, Meegahapelessa, Welipannagahamulla
Type of Licence: FL 22 B
Date of Issue: 13.06.2005
Remarks: Tourist Board Approved Licence

Electorate: Hiriyala
Address of the Licenced Premises: Sirimedura Restaurant, 2nd Mile Post, Haritha Uyana, Meddegama, Wellawa
Type of Licence: FL 07
Date of Issue: 03.11.2005
Remarks: Tourist Board Approved Licence

Electorate: Kurunegala
Address of the Licenced Premises: Bright Bravo Hotel, 3rd Floor, Town Hall Trade Complex, Kurunegala.
Type of Licence: FL 07
Date of Issue: 03.11.2005
Remarks: Tourist Board Approved Licence

Electorate: Dambulla
Address of the Licenced Premises: Kassapa Lion Royal Resort, Dagampathana, Kimbissa
Type of Licence: FL 07
Date of Issue: 07.11.2007
Remarks: Tourist Board Approved Licence

Electorate: Yapahuwa
Address of the Licenced Premises: Hotel Yapahuwa Paradise, Yapahuwa, Maho
Type of Licence: FL 07
Date of Issue: 04.01.2008
Remarks: Tourist Board Approved Licence

Revenue earned from these outlets as at the end of each year from 2004 to 2008 -

2004 - Rs.     81,250.00
2005 - Rs.    853,333.00
2006 - Rs. 1,550,000.00
2007 - Rs. 1,556,666.00
2008 - Rs. 1,650,000.00


(iii)    The information in (i) above as at 31st December of each year from 1998 to 2003 and the total revenue for the Kurunegala District?

Answer:

Year: 1998
No. of Wine Stores / Foreign Liquor Shops: 01
No. of Restaurants with Foreign Liquor:
04
Number of Hotels with Foreign Liquor: 07

Year: 1999
No. of Wine Stores / Foreign Liquor Shops: 01
No. of Restaurants with Foreign Liquor:
01
Number of Hotels with Foreign Liquor: 02

Year: 2000
No. of Wine Stores / Foreign Liquor Shops: -
No. of Restaurants with Foreign Liquor:
04
Number of Hotels with Foreign Liquor: 03

Year: 2001
No. of Wine Stores / Foreign Liquor Shops: -
No. of Restaurants with Foreign Liquor:
-
Number of Hotels with Foreign Liquor: 01

Year: 2002
No. of Wine Stores / Foreign Liquor Shops: -
No. of Restaurants with Foreign Liquor:
02
Number of Hotels with Foreign Liquor: 01

Year:
2003
No. of Wine Stores / Foreign Liquor Shops: 03
No. of Restaurants with Foreign Liquor:
01
Number of Hotels with Foreign Liquor: 01

Total Revenue for Kurunegala District from 1998 to 2003 - Rs. 7,167,036.00


(c)    If not, why?

Answer:

Does not arise.

N.B.
Hotel Licence (FL 7) issues with/without the approval of Toursit Board, and Rest House Licences (FL 12) are categorised as Holiday Resorts (Hotels)

Restaurant Licences (FL 11), issues with / without approval of Tourist Board, and Restaurant Licences issues only for Beer and Wine (FL 22 B) with / without the approval of Tourist Board, are categorised as Tourists Resorts. (Restaurants).




3.    0033/’09
Hon. Ravi Karunanayake – To ask the Minister of Nation Building and Estate Infrastructure Development, –

(a)    Will he inform this House, –

(i)    the requirement to receive Samurdhi benefits;

Answer:

Varies from village to villae. The Village has to discuss among themselves and decide on the selection criteria pertaining to the particular poverty of their village, according to which the families have to be put into five groups as follows (Samurdhi Relief Circular No. 78)

  • To be continuously looked after by Society
  • Poorest
  • Poor
  • Middle Class
  • Rich

Accordingly, poverty criteria of each village will vary.

In the case of families only within the above first three groups, a Samurdhi Card has been issued having decided on the value of the card on the basis of the number of family members as hitherto done.


(ii)    the number of families that have been receiving Samurdhi benefits in the country from 1995 to date on yearly basis;

Answer:

Year: 1995
Term: Augsut
Total No. of Beneficiary Families: 1,440,198

Year: 1996
Term: February 1996
Total No. of Beneficiary Families: 1,469,124

Year: 1996
Term: Augsut 1996
Total No. of Beneficiary Families: 1,482,271

Year: 1997
Term: February 1997
Total No. of Beneficiary Families: 1,890,384

Year: 1997
Term: Augsut 1997
Total No. of Beneficiary Families: 1,057,629

Year: 1998
Term: February 1998
Total No. of Beneficiary Families: 1,988,979

Year: 1998
Term: Augsut 1998
Total No. of Beneficiary Families: 1,973,183

Year: 1999
Term: February 1999
Total No. of Beneficiary Families: 1,968,744

Year: 1999
Term: Augsut 1999
Total No. of Beneficiary Families: 1,987,653

Year: 2000
Term: February 2000
Total No. of Beneficiary Families: 1,981,928

Year: 2000
Term: Augsut 2000
Total No. of Beneficiary Families: 1,013,685

Year: 2001
Term: February 2001
Total No. of Beneficiary Families: 1,970,559

Year: 2001
Term: Augsut 2001
Total No. of Beneficiary Families: 1,968,858

Year: 2002
Term: January 2002
Total No. of Beneficiary Families: 1,951,256

Year: 2002
Term: May 2002
Total No. of Beneficiary Families: 1,629,834

Year: 2002
Term: November 2002
Total No. of Beneficiary Families: 1,887,237

Year: 2003
Term: May 2003
Total No. of Beneficiary Families: 1,8892,842

Year: 2004
Term: January 2004
Total No. of Beneficiary Families: 1,864,387

Year: 2004
Term: July 2004
Total No. of Beneficiary Families: 1,864,058

Year: 2005
Term: January 2005
Total No. of Beneficiary Families: 1,857,500

Year: 2005
Term: July 2005
Total No. of Beneficiary Families: 1,960,664

Year: 2006
Term: January 2006
Total No. of Beneficiary Families: 1,925,327

Year: 2006
Term: July 2006
Total No. of Beneficiary Families: 1,916,594

Year: 2007
Term: January 2007
Total No. of Beneficiary Families: 1,897,494

Year: 2007
Term: July 2007
Total No. of Beneficiary Families: 1,844,660

Year: 2008
Term: January 2008
Total No. of Beneficiary Families: 1,668,457

Year: 2008
Term: July 2008
Total No. of Beneficiary Families: 1,633,309


(iii)    the financial hand out and percentage given to the Samurdhi recipients during that period;

Answer:

Document was tabled.


(iv)    whether the Samurdhi beneficiaries have got the increase given to them after 2005; and

Answer:

Yes


(v)    if so, the date and the amount?

Answer:

Value of the Samurdhi Card has been increased by 50% as follows with effect from Term July 2006.

Value of Previous Card: Rs. 1,000.00
Before 50% Increase: 1,015.00
After 50% Increase: 1,500.00

Value of Previous Card: Rs. 600.00
Before 50% Increase: 615.00
After 50% Increase: 900.00

Value of Previous Card: Rs. 350.00
Before 50% Increase: 350.00
After 50% Increase: 525.00

Value of Previous Card: Rs. 250.00
Before 50% Increase: 250.00
After 50% Increase: 375.00

Value of Previous Card: Rs. 140.00
Before 50% Increase: 155.00
After 50% Increase: 210.00

Value of Previous Card: Rs. 400.00 for previous Janasavi beneficiaries
Before 50% Increase: 415.00
After 50% Increase: 415.00



(b)    Will he state from the year 2004 to 2008 separately for Colombo District taking 2004 as a base year –

(i)    the amount that the Samurdhi recipients received in rupee value;

Answer:

Colombo District - Annual Expenditure (Rs)

2004 - 366,233,880.00
2005 - 378,471,480.00
2006 - 379,786,710.00
2007 - 364,806,570.00
2008 - 305,333,520.00*

*35,148 families have been empowered. Hence the reduction in the Expenditure in 2008.


(ii)    the inflation for each year, and

Answer:

Not relevant to the scope of this Ministry.


(iii)    the real purchasing power after deflating the inflation for each year?

Answer:

Not relevant to the scope of this Ministry.



(c)    If not, why?

Answer:

Does not arise