diff --git a/gradle.properties b/gradle.properties
index 510dc1e..4eee3dd 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,8 +1,8 @@
 org.gradle.caching=true
 group=io.ballerina
-version=0.2.1-SNAPSHOT
+version=0.3.0-SNAPSHOT
 #dependency versions
-ballerinaLangVersion=2201.8.0
+ballerinaLangVersion=2201.9.1
 checkstylePluginVersion=10.12.1
 commonsLang3Version=3.8.1
 slf4jVersion=1.7.30
@@ -22,24 +22,24 @@ stdlibTimeVersion=2.4.0
 stdlibUrlVersion=2.4.0
 
 stdlibConstraintVersion=1.4.0
-stdlibCryptoVersion=2.5.0
+stdlibCryptoVersion=2.7.0
 stdlibLogVersion=2.9.0
 stdlibOsVersion=1.8.0
 stdlibProtobufVersion=1.6.0
 stdlibRandomVersion=1.5.0
 stdlibTaskVersion=2.5.0
 
-stdlibCacheVersion=3.7.0
+stdlibCacheVersion=3.8.0
 stdlibFileVersion=1.9.0
 stdlibMimeVersion=2.9.0
-stdlibUuidVersion=1.7.0
+stdlibUuidVersion=1.8.0
 
-stdlibAuthVersion=2.10.0
-stdlibJwtVersion=2.10.0
-stdlibOAuth2Version=2.10.0
+stdlibAuthVersion=2.11.0
+stdlibJwtVersion=2.11.0
+stdlibOAuth2Version=2.11.0
 
-stdlibHttpVersion=2.10.0
+stdlibHttpVersion=2.11.0
 
 # Ballerinax Observer
-observeVersion=1.2.0
-observeInternalVersion=1.2.0
+observeVersion=1.2.3
+observeInternalVersion=1.2.2