Peiris meets Jaitley

NEW DELHI, NOV. 27. A six-member, high-power Sri Lankan delegation led by the Minister for Constitutional Affairs and Industrial Development, Prof. G. L. Peiris, today called on the Union Law Minister, Mr. Arun Jaitley, and discussed matters of mutual interests. According to an official release, the issues related to the Constitution, judicial appointments, corporate governance, globalisation and legislative measures for second generation economic reforms.

Mr. Jaitley said the Government was liberalising the banking and financial sector to make it more competitive. He explained the legislative measures being taken to augment the Companies Act for making it more investor-friendly and improving corporate governance. As for the port sector, he said steps were afoot to privatise major ports.

Mr. Jaitley informed Prof. Peiris that the Government was considering appointing a National Judicial Commission for posting, promotions, transfer and removal of judges of the High Courts and the Supreme Court. He said the Indian judiciary was the most independent and powerful but slow.