Govt. Greenlights Drafting of Digital Economy Bill 📜

• Cabinet Approval: The Cabinet of Ministers has directed the Legal Draftsman to prepare the Digital Economy Bill. The proposal was submitted by President Anura Kumara Dissanayake in his capacity as the Digital Economy Minister. • Strategic Objective: The upcoming legislation is based on a previously approved concept paper. It aims to establish a robust institutional framework with legal powers to expedite digital transformation and national economic growth. • Key Institutional Focus: • Attracting high-quality human capital for policy formulation, technology implementation, operational regulation, and enforcement. • Securing continuous private sector participation to build a strong ecosystem. • Driving innovation in emerging fields, with specific support earmarked for artificial intelligence (AI) and related digital activities.