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Last Updated : 2024-04-28 20:04:00
26 March 2024 03:32 pm - 41 - {{hitsCtrl.values.hits}}
Colombo, March 26 (Daily Mirror) - The Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe today that he will not step down from the post of Governor due to the issues caused by the salary increase.
While addressing the media, he said the crisis situation was caused by the amount of the salary increase at the CBSL.
He also said that he will reconsider the salary increase for the employees working under him.
The Governor also said that he will leave his position only if he fails to fulfill his responsibilities properly, and as the head of the institution, he has a responsibility to pay attention to the salaries of his employees.
"As the governor, I have responsibility for my staff. This salary increase has been done as it has always been done under the existing legal framework.
"Not only the Central Bank but also other government institutions and private institutions think about the employees under them. Everyone is affected by the crisis. So there can be no conflict. This decision was taken after talking to the Finance Board and trade unions.
"This is a decision taken collectively by both parties for the sake of the employees. I am not leaving because of the salary increase and reconsideration of the employees working under me. I'll leave this job if I can't do anything for the country with it. I don't see this as a reason to leave.
"I don't think we need to wait until the economy stabilizes to raise wages. Salary increases are not the problem here. The amount that has been increased for salary is the problem. The committee will look at it and say whether the salary increase is fair or not. We will see," the Governor said.
Sumal Tuesday, 26 March 2024 04:34 PM
Mr Nandalal, do you know how much pain you have inflicted to private sector employees for stealing their salary and increasing your salary? If you are in our position how you will feel?
DHARMATILEKE Tuesday, 26 March 2024 04:41 PM
You must stay. People think Ranil who rescued this country which was ruined by the family klan of the Rajapakse’s financial maneuvering is not for Ranil but for clever economists.
Rip Winkle Tuesday, 26 March 2024 05:05 PM
There's nothing to see, mate. Given the situation in the country, it's deplorable of you to greatly increase your wages and that of your staff. It's the insensitive nature of your actions that's caused the ensuring uproar. Greedy, aren't we? By the way, you don't need to convince anyone that you won't leave cos everybody knows that you are very happy where you are.
He failed his responsibilities when he expect a 70 percent salary increase for himeself Tuesday, 26 March 2024 06:12 PM
He should be thanking the public for having the job, after cursing all those in EPF and ETF with lessor returns on Lanka bonds. Whomever who invited him to weddings because of his high post should be cursed too for bringing such a scoundrel so much free lunch. Parliament has no confidence in after his 70% salary hike for himself stunt. He is worse than the previous scoundrel who upped the CBSL Governor pay second time he got into the job.
Sanath Tuesday, 26 March 2024 10:29 PM
He will resign if given 70pct pay cut. That's what he deserves.
Mahila Wednesday, 27 March 2024 04:58 AM
How could you allow or increase Lower Rank Salary to increase because of C.O.L. and expand the salaries above proportionately??? It's a Cascading effect!!!?? It's anyway not the same % but only equitable increase!!??? You are suggesting an IMPOSSIBLE POSITION. NOT RATIONAL!!!???
Neel Gamege Wednesday, 27 March 2024 12:22 PM
Yes, Mr.Nandalal you also like other of our politicians nothing difference with them.Its clear you have misled your power that has offer to you considering your education and past experience. Appointed you that ex .President another foolish job.Now we know you and former CBG also put joint venture and printed the money . If you can resign the post hope most of Srilankan welcome that decision. You just serve for the present regime only not for the nation.
Senior citizen Tuesday, 26 March 2024 06:30 PM
SIR , PLEASE INCREASE FD RATES FOR US OLD PEOPLE WHO DEPEND ON INTEREST MONTHLY TO SURVIVE ... WE ARE SUFFERING SIR PLEASE HELP US SOON BEFORE WE BREATHE OUR LAST ..
Kevin Tuesday, 26 March 2024 07:01 PM
The most disappointing part is this man is out of touch with reality. It's sickening what he did when the rest of the country is struggling. No restraint, no leading by example. They are all in it for themselves!
Sanjeeva Wettimuny Tuesday, 26 March 2024 10:40 PM
So you want him to donate the money to the others who won’t work for it? Get a life mate!
Kevin Wednesday, 27 March 2024 12:09 PM
70% increase Sidath, you are justifying that. There is no money to donate, the govt is bankrupt. Don't you get it. 3 trillion more in expenses over income. In terms of accountability the central bank should take primary responsibility for the current situation. Don't blame others. It was under their watch. Nandlal was deputy governor to Nivad
Roberta Flack Tuesday, 26 March 2024 07:06 PM
Nande, nobody is disputing you for giving increases to your staff but as a leading Gov institution overlooking monitory policy you indeed send out the wrong message as it puts pressure on other corporate leaders who are still struggling to get out of the issues caused by successive governments.
ANNECUNT Tuesday, 26 March 2024 07:13 PM
MR BASIL RAJAPAKSA WILL LOVE TO HAVE YOUR JOB . HE LOVES WHERE THE MONEY IS
He’s another seasoned Chess Player Tuesday, 26 March 2024 07:41 PM
Arrogant fella! Current government has given him a free hand and he has taken advantage of the situation. After accumulating the reserves to a substantial amount due to the postponement of loan payments plus the increase in taxes, he knew when to push for the increments. This will lead to employees of other government agencies to ask for their increments too.
Selva Tuesday, 26 March 2024 07:43 PM
He is one of the best Governors we have had. Technically very competent and man of the soil working for the interests of the people. It is incorrect to accuse him on anything. We all have a conscience of what is right and wrong, and he has done nothing wrong.
Using Suffering Taxpayer’s $ for Increments Wednesday, 27 March 2024 05:43 AM
Don’t agree with you. He may have done well to stabilise the situation using IMF loans etc. But can’t use the loan monies and taxes of the general public who are mostly living a miserable lifestyle currently and upping your lifestyle at the expense of taxpayers. Only his boss, the President can decide and it should be a reasonable increment due to the current situation.
Tariq Tuesday, 26 March 2024 08:09 PM
You are right. You are bound to fight for the CBSL Staff as the head of the Institution.
roni Tuesday, 26 March 2024 09:03 PM
You have no moral right to stay. You cannot preach austerity to some and stem your popularity among your subordinates providing for prosperity by unprecedent salary rise. Keep the issue dragging until Oct and this arbitrary rise will be history.
Sanjeeva Wettimuny Tuesday, 26 March 2024 10:41 PM
He hasn’t stated anywhere that salaries should not be raised. Raising salaries is the only way to come out of this crisis. The biggest noise is being made by people who want to keep their staff enslaved.
Gabriella Tuesday, 26 March 2024 09:36 PM
It would be a major disaster if Mr Weerasinghe resigned. He has been the best performer in Sri Lanka post-independence. It would be the equivalent of leaving Don Bradman out of the Australian cricket team for non-performance.
M Fernando Tuesday, 26 March 2024 10:23 PM
The worthy Mr Weerasinghe is probably the best-paid also (unless he is working for free!). I wish I had the power to increase my own salary ! Small wonder he has no intention of resigning.
DISGUSTING TO SAY THE LEAST Tuesday, 26 March 2024 10:37 PM
YOU ARE ONLY RESPONSIBLE FOR ADVOCATING FOR YOUR STAFF NOT SETTING SALARY INCREASES. SINCE YOU HAVE AGREED TO RECONSIDER THEIR SALARY INCREASE, SO YOU SHOULD. HOWEVER, WHAT ABOUT RECONSIDERING THE 70% YOU INTEND TO GIVE YOURSELF? (ACCORDING TO A COMMENT IN HERE).
melville perera Tuesday, 26 March 2024 10:53 PM
very arrogant comment nobody is permanent in his employment whatever the contract and central bank is not your personal property and coming events cast their shadows whatever your challenge and you have acted against IMF conditions which have created untold hardships to the general public apparently not affecting you and your staff enjoying undeterred luxury salaries and priviledges at taxpayers expense who are demonstrating on the streets for relief against your self imposed salary increases and you are now shamelessly challenging the govt, By comparison there are millions at large om the brink of starvation. Better give your arrogant comment a second thought
Ben Ratnayake Tuesday, 26 March 2024 11:05 PM
This fellow is having a jolly good time at the expense of poor tax payer in Sri Lanka. What will he do, if he is asked to resign. May be back to his den in Australia with nothing to do or no one to pay him lavishly. How can he leave the big mansion and servants in Bullers Road, Colombo-7 a high security area.
melville perera Tuesday, 26 March 2024 11:15 PM
apparently you have detected a defunct bank act as a convenient loop hole for your action but the CB wont collapse with your departure many of your grade served their term honourably and departed
Jude Tuesday, 26 March 2024 11:45 PM
Once Prabha said Sinhalese people will only remember anything only for 3 weeks!! Now people have forgotten that this lowlife low-class low-level Nanda was the Deputy governor under the "James Bond" Mahendran and Nanda looked the other way when Mahendran was stealing yeah the Bond fiasco. We all know before prosecution Mahendran Left for Singapore and Nanda went hiding in Australia.
Sarath Seneviratne Wednesday, 27 March 2024 03:42 AM
He will not resign because he knows this job is a gold mine for him to rake in money for from this suffering country. Don’t think he was very successful in Australia and may be he had a mediocre job there. This guy can’t Communicate effectively in English with IMF, WB or ADB, do we need a guy who agree to their demands without any hesitation.
Jobless Wednesday, 27 March 2024 04:36 AM
Why should he resign?? He is being paid handsomely to do an elementary kids job!!! Anyone with a little brain realised what he did..... increase tax, increase all over cost of living, reduce interest rates, stopped paying the countries loans and increased CB staff salary. Even appu can be the GB governor to do this job!!!! He was a smart businessman who came from Australia. Well done.
Nihal S Wednesday, 27 March 2024 06:08 AM
I am not qualified to comment on his service. However, this guy's actions are unethical. How can you justify using the gains made by introducing extra taxes on public and local business being used to increase own salaries. Mr Weerasinghe has no moral right to continue in the current position, you lost the respect.
Mahila Wednesday, 27 March 2024 08:00 AM
Why did the government increase for Cleaners and Street Sweepers More pay than a Peon in an Office?? You must first challenge the cabinet, the wasteful fellows in the entire outfit, than going for the Throat of the Governor, CBSL!!?? One must remember, within 3 days of his taking over as Governor, USD rate REVERSED FOR BETTER!! Not INEPT ministers and Parliamentarians, COPA or COPF nonsense!!?? He is Knowledgeable and nothing but his right to be Steadfast and not Waver!!?? People must make-up their mind, whether they want him or not before, making IRRESPONSIBLE Statements!!?? Parliamentarians or Governor is better!!!???
Senior Citizen Wednesday, 27 March 2024 08:05 AM
Senior Citizens are suffering because of your single hand decision to lower the interest rate,,, and you and your CB staff is enjoying with salary increase...
Ratnasuri Hadiranpola Wednesday, 27 March 2024 08:38 AM
He lost his comm sense on the subject of salary increase percentage and let him continue on fairly positive steps about the economy of Sri Lanka
Terrence K Wednesday, 27 March 2024 08:39 AM
Resigning is not the solution but rectifying the exorbitant salary increase to the employees at the Central Bank to be compatible with similar grades of other organizations. Definitely every 3 years the increases should take place according to the collective agreement but the decision that you took was wrong of the percentage of increase which cannot be justified!!!!!
Jayantha Wednesday, 27 March 2024 09:31 AM
Go home
Amal Fernando Wednesday, 27 March 2024 09:34 AM
Disgraceful. Talking rubbish. Will these type of people work for the good of country? No, they work / take action only for their personal benefit
Misfit Wednesday, 27 March 2024 10:21 AM
You are an just a puppet for the present gov. artificially suppressing the rupee, but inflating your salary, what a joke. Now we know why you came to Sri Lanka from Australia. We can get the equation right by just closing our eyes. Shame on you.
Dinesh Wednesday, 27 March 2024 12:15 PM
Are you the governor and the central bank of Switzerland ?? or Sri Lanka?? if the economy is good no one cares if you fatten yourselves, but when these same officials of the CB are in some manner responsible for the bankruptcy of this country and they are hiking their salaries, its beyond disgusting...
MFB Wednesday, 27 March 2024 12:16 PM
Not anywhere in the world a 75% Salary increase by an any organization or any company. This guy trying to teach the Sri Lankans how to suck Eggs.
NV Jen Wednesday, 27 March 2024 04:44 PM
The Central Bank lot doesn't deserve a salary increase. They manipulated data's and statistics, presented a picture of a great economy which in reality was thriving on loans and grants. CB officials were complicit in bankrupting the country along with the incompetent politicians.
UMAS Wednesday, 27 March 2024 08:30 PM
Cabaral is jumping up and down to get your job
Gunapala Rajapassa Thursday, 28 March 2024 03:28 AM
Of course, do not resign from here! You even cannot get a clerical position in Australia! Go back to charity money or Pin Padi!!
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