Categories: Headlines

NLB, DLB to be placed back under Finance and Mass Media Ministry

The National Lotteries Board (NLB) and Development Lotteries Board (DLB) are to be removed from the purview of the Ministry of Foreign Affairs and placed back again as a subject under the Ministry of Finance and Mass Media.

President Maithripala Sirisena issuing Extraordinary Gazette No 2032/32 on August 17, 2017 has reassigned the two institutions back to their original ministry.

The two institutions had been assigned amidst much controversy to the Ministry of Foreign Affairs during the last Cabinet reshuffle at the end of May of this year. It was reported that it was done at the request of former Foreign Affairs Minister Ravi Karunanayake.

Newly appointed Foreign Minister Tilak Marapana officially assumed office yesterday.

The NLB was established by Finance Act No.11 of 1963 with several sections of the Act amended in 1997 and 1998. Funds generated from the lotteries are send to the Consolidated Fund, Ministry of Health, Agriculture, Labour, Sports and the Airport Aviation Authority.

The DLB in the meantime was established on January 1, 1983.

The main objective of the Centre was to assist the Government to raise finances. According to the DLB; the income generated by the DLB is credited to the President’s Fund, which in turn utilises 50% of it for the Mahapola Higher Education Scholarship Trust Fund.

The balance generates various financial avenues to the poor people by way of uplifting their living standards, catering to the health, providing funds for the maintenance of religious institutions, welfare societies and sports and to the field of arts.

Lankanewspapers

Recent Posts

LNP – Harini appointed as chief of Committee on High Posts

Prime Minister Harini Amarasuriya has been appointed the chairperson of the Parliamentary Committee on High…

16 hours ago

LNP – Historic moment in Sri Lanka’s Parliament as MP moves motion using Braille

In a significant moment for the country’s parliamentary history, National People’s Power (NPP) MP Sugath…

16 hours ago

LNP – Good behavior earns Arjun Aloysius early release from prison

Arjun Aloysius, Director of W.M. Mendis Distilleries, and two others, who were serving a jail…

1 day ago

LNP – Sri Lankan mountaineer Johann Peiris returns after conquering Antarctic and South American peaks

Sri Lankan mountaineering champion Johann Peiris arrived at the Bandaranaike International Airport (BIA) in Katunayake…

1 day ago

LNP – Couple arrested for transporting Kerala Cannabis in Malabe

Police have arrested a man and a woman for transporting Kerala cannabis in a car…

1 day ago

LNP – Defense Secretary orders immediate arrest of all armed forces deserters

The Secretary to the Ministry of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha, says he…

1 day ago