Sri Lanka, March 4 -- The officials of the Central Bank of Sri Lanka (CBSL) have been summoned to the Cabinet meeting scheduled to be held on Tuesday (March 05).

There, the CBSL officials will be inquired about the process and rationale behind the recent salary hike given to its employees, with no notice to any responsible parties.

Recent media reports revealed that the CBSL had increased the salaries of its employees by 70% and the move was heavily criticized by parliamentarians of both the ruling party and the opposition.

Earlier this week, the CBSL requested the President, in his capacity as the Minister of Finance, for an opportunity to apprise the Members of Parliament, through an appropriate Parliamentary Committee, of the recent...