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Last updateThu, 09 May 2019 12pm

Local News

The water-filling of the Kalu Ganga reservoir will take place tomorrow morning

The water-filling of the Kalu Ganga reservoir under the Moragahakanda-Kalu Ganga multi-purpose irrigation project will take place tomorrow morning. President Maithripala Sirisena will grace the occasion. The construction of the canal taking water from the Kalu Ganga reservoir to Moragahakanda reservoir will also commence.

The 660,000 acre feet Kalu Ganga reservoir has been built at a cost of 230 billion rupees. The ultimate aim of the project is to irrigate the Northern, North Central, Eastern and North Western provinces. In addition to drinking water supply and agricultural use, the waters will also be utilized to generate electricity and to promote inland fishing, forest conservation, township planning, food security and tourism.

The canal way that links the Moragahakanda and Kalu Ganga reservoirs is nine kilometers long. The unveiling of a 27-feet high replica of the Aukana Buddha Statue at the foot of the Moragahakanda Dam and renaming the reservoir as Kulasinghe reservoir are also scheduled for tomorrow.
Laws are to restrict the interest rate levied by micro-finance lenders.

A cabinet proposal will be presented next week to limit the interest rate levied by micro-finance lenders to 30 per cent. At present, they charge between 40 per cent and 220 per cent. Minister Mangala Samaraweera says the micro-financing act will be amended to pave the way for the interest rate limitation. He was speaking at a function to write-off micro-finance loans at the Jaffna district secretariat. This measure will especially benefit the people of the North-East who have obtained loans from micro-financiers.

Discarded vegetables and fruits will feed wild elephants at Horowpothana.