Minister Douglas Devananda Seeks The Intervention Of President To Release Unclaimed Deposits

EPDP Leader and Social Services and Social Welfare Minister Douglas Devananda today says that he will seek President Mahinda Rajapaksha's intervention to release Multi Million worth of unclaimed Deposits in State Banks in the North to be used as Soft Loans for people in Agricultural and Industrial Sectors.

Minister Devanada wants to get the details of these unclaimed Deposits from the Central Bank and afterwards seeking an intervention of the President to release these Deposits.Through the proposed Soft Loans  Scheme the People will be able to Invest in Agriculture and Industrial Sectors according to the Minister.

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Estate Workers Called Off Their Strike Following The Wage Increase

Sri Lankan Estate Workers who were in Strike demanding a Rs.500 Daily Payment for their work called of their Trade Union Action following the Promise made by their Employers to pay Rs.405 Daily Payment for them with immediate effect.Estate Workers Trade Union Action affects the Tea Industry heavily as Large Amount of Income lost due to it.

The talks held yesterday between the Trade Unions and the Ceylon Employers Federation regarding Estate Workers demand failed after Trade Unions turned down the Employers offer of paying Rs.375 per day to the Workers.However the Employers Federation agreed today to increase the Payment to Rs 405 per day.

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