INSUBCONTINENT EXCLUSIVE:
The Supreme Court has set a date to consider the petitions that have been filed seeking a ruling that the basic human rights of the public
the government under the Domestic Debt Restructuring (DDO) programme.Accordingly, the Fundamental Rights (FR) petitions filed have been
fixed for consideration on 23 January 2024 by the Supreme Court of Sri Lanka.The relevant order was issued when the petitions were taken up
before a three-judge bench of the Supreme Court, comprising of Justices Preethi Padman Surasena, A
Nawaz and Mahinda Samayawardena.The FR petitions were put forward by MP Prof
Nandalal Weerasinghe, the Monetary Board, the Attorney General and the Secretary to the Ministry of Finance and several others as
Provident Fund (EPF) in government securities, under the DDO program.The EPF has active accounts of at least 2.5 million working people and
their funds are largely invested in treasury bills and bonds, the petitioners added, noting that reducing the interest rate to 9% has
members of the EPF before allowing the Fund to participate in the DDO program.
