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The Cabinet of Ministers granted its approval to appoint the Cabinet Subcommittee on Cost of Living (CoL).
The relevant proposal was tabled by President Gotabaya Rajapaksa.
The proposed Cabinet Subcommittee is tasked with working to keep the cost of living stable by providing policies and practical solutions focusing on market demand and supply fluctuations, weather effects, seasonal product changes, and international market prices.
Prime Minister Mahinda Rajapaksa, Minister of Trade Dr. Bandula Gunawardana, Minister of Agriculture Mahindananda Aluthgamage, Minister of Fisheries Douglas Devananda, and Minister of Plantation Dr. Ramesh Pathirana will serve as members of the relevant Subcommittee, which is chaired by the President.
The Cabinet of Ministers also approved the participation of the following State Ministers for the functions of the Subcommittee on CoL.