Colombo, July 24 (SocialNews.XYZ) Sri Lanka's Cabinet has approved a new Bill that will provide for investigation into fixed assets of 1,600 government institutions, a state minister said on Wednesday.
Minister of State for Finance Ranjith Siyambalapitiya told the media that the assets of all government institutions in Sri Lanka are ready to be investigated and put under proper management under the State Assets Management Bill, Xinhua news agency reported.
Siyambalapitiya said there are more than 1,600 government-owned institutions and their assets are not properly managed.
There are about 91,000 vehicles in those institutions. The government is ready to pay more attention to the fixed assets, manage them properly, and provide more effective service to the people, the minister said.
The Bill was presented before the Cabinet by President Ranil Wickremesinghe, who also holds the Finance portfolio.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz