Cabinet Committee on Economic Management Headed by PM Scrapped?

The Committee on Economic Management (CCEM) was appointed under the new government to take decisions on economic affairs.  The President was critical of decisions taken by the CCEM.   

The President is of the view that only the Cabinet should decide on these matters to appoint Cabinet subcommittees to discuss special cases in relation to the economy rather than having a body like the CCEM

Hence, the President Maithripala Sirisena has submitted a Cabinet paper seeking to abolish the Committee on Economic Management (CCEM) headed by Prime Minister Ranil Wickremesinghe and reported to have obtained Cabinet approval to scrap it.