Posts

Showing posts from November 9, 2011

Acquiring Under Performing Enterprises And Under Utilized Assets Bill Was Passed With Majority Votes

Image
The revival of under performing enterprises and under utilized assets bill was passed in Parliament today (09) with majority of 76 votes.The act will reviewing to acquire   37 state enterprises which are under performing at present to the government.

The bill which was presented to the parliament yesterday (08) by Prime Minister D.M Jayaratne was taken up for debate today and during the voting122 MP's voted for the bill and 46 voted against it.


The supreme court too given a verdict regarding the bill stating that the revival of under performing enterprises and under utilized assets bill is consistent with the constitution.When the bill was taken for debate today the speeker chamal rajapaksha adjourned the parliamentary session for half an hour when the opposition raised objection to the proposed bill.

The main opposition UNP is in the view that the logic behind the acquiring of under performing state enterprises and under utilized assets to the state is non other then bankrupt tho…