No cabinet approval obtained   

• The Committee decided that a new time frame is needed and a period of  one week will be given to prepare it for the Ministry of Finance

By Ajith Siriwardana and Yohan Perera   

The Public Finance Committee chaired by Dr. Harsha De Silva has postponed the consideration of Betting and Gaming Levy (Amendment) Bill for a week until a timeline for establishing a regulatory authority is worked out.   

The decision was taken at the first meeting of the Committee on Public Finance under the chairmanship of Dr. Harsha de Silva.   

The committee chairman said that the Ministry of Finance has prepared a time frame for this regulatory authority to get cabinet approval by January 31, 2023 but however, it has not been done so far.  The Committee decided that a new time frame is needed and a period of one week will be given to prepare it for the Ministry of Finance.   
Accordingly, it was decided to have a  meeting of the Committee on Public Finance in a week to consider the Betting and Gaming Levy (Amendment) Bill.