President committed to eliminate poverty

The President pointed out that the most significant challenge in today’s peaceful country is the poverty and he further said that the aim of the new government is to create an environment where the people will be able to live freely with a great sense of happiness. Resolving land issues in the country can play a pivotal role in eradicating poverty in the country, the President said, adding that he will introduce a new land policy to ensure the land rights of the people. The President also declared open Pasgoda Divisional Secretariat building. He also made an observation in Vocational Training Authority in Pasgoda and looked into the educational activities of the students there. (Colombo Gazette) The delivering of the land deeds which is under the national program to hand over 25000 Ranbima land deeds island-wide was held in Pasgoda Divisional Secretariat. Accordingly, ¼ of every family unit in Pasgoda Divisional Secretariat received land deeds.President Sirisena symbolically handed over the deeds to the recipients.Minister of Lands M. K. D. S. Gunawardena, Minister of Local Government and Provincial Councils Faizer Mustafa, State Finance Minister Lakshman Yapa Abeywardena, State Minister of Lands T. B. Ekanayake, Chief Minister of Southern Province Shan Wijayalal de Silva, Province Minister Chandima Rasaputhra and Secretary to the Ministry of Lands I. K. H. Mahanama participated in this event. President Maithripala Sirisena said that he will fulfill the obligation of eliminating poverty from the country under his regime as previous leaders of the country fulfilled their significant responsibilities towards the country and the nation during their respective regimes.He made these observations today (30) participating in a ceremony held in Urubokka, Matara to distribute 4000 Ranbima land deeds to the people in the Pasgoda Divisional Secretariat. The President recalled that the tension between the rich and the poor began centering in land rights and said that he believes that the new land policy will provide solutions for the issues related to the land demands with increasing population and for the challenges we faced in the local food production system.The President further stated that the new government is committed to alleviate poverty, strengthen free education and free health and continue the government institutions without corruption and fraud. read more

Flaherty says US likely to avoid fiscal cliff problem Europe remains big

by The Canadian Press Posted Oct 3, 2012 6:47 pm MDT Flaherty says U.S. likely to avoid fiscal cliff problem, Europe remains big risk AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email OTTAWA – Finance Minister Jim Flaherty is optimistic the United States will avoid the so-called fiscal cliff that many believe could trigger another recession in the world’s largest economy.Flaherty said Wednesday he believes the congressional budget committee will arrive at a compromise on the US$600 billion in tax hikes and spending cuts set to automatically kick in January.“There are enough members of the budget committee in the current Congress who totally understand the situation (and) I think they appreciate the urgency of the situation,” he said.“This must be dealt with because if it is not dealt with, the effect on U.S. GDP (gross domestic product) will be very significant and that of course directly effects Canada.”Economists estimate the hit to the U.S. economy from political deadlock on all measures could shave up to five percentage points from the country’s already weak output. Such a shock would impact not just the U.S., but also Canada through a loss of confidence and demand for exports.Flaherty said the new president-elect, whether it is Barack Obama or Mitt Romney, will need to show leadership to avoid catastrophe.Meanwhile, the minister says he is not as convinced that Europe has the wherewithal and the political structure to extricate itself from a long period of economic difficulty.Flaherty, who will be meeting with his colleagues at the International Monetary Fund-World Bank fall meetings in Tokyo next week, called Europe “the clear and present danger” to the global economy.But he has not changed his mind about joining the IMF’s emergency bailout fund, despite being under pressure from colleagues to ante up.Europe is rich enough to deal with its debt problems without the help of outsiders, he said.Part of the problem is that Europe lacks a single finance minister to represent the entity, which makes speedy action difficult, he said.“I know my colleagues in Europe are trying to work on it. But the problem is they don’t have a central finance ministry so it’s taking time, but you know, time is finite.”Speaking to reporters, Flaherty said he would table the second part of his budget implementation bill upon his return from Tokyo, likely during the week of Oct. 15.As for Canada’s economy, the minister said he remains concerned it could be sideswiped by a European crisis. He said at the moment, the economy continues to expand, but modestly. read more