Safety Features
A tentative take off date of April is on the cards for the social security net for retrenched workers, with an ILO report on its way to Cabinet.The security …
A tentative take off date of April is on the cards for the social security net for retrenched workers, with an ILO report on its way to Cabinet.The security …
The securities watchdogs powers were beefed up, after parliament passed its long overdue amendments on Tuesday.The amendments, which were broadly aimed at …
Compensation as an alternative to reinstatement was removed from the amendments, one of the few changes made to the original amendments to four labour related …
A blueprint for the proposed social security net for redundant workers is in its final stages, with International Labour Organisation (ILO) consultants to …
The Central Bank tightened its hold over licensed specialized banks after the latest amendment to the Monetary Law Act was passed in Parliament.One clause …
A separate Monopolies and Mergers Commission is being spun off from the new Consumer Protection Act, Fair Trading Commission (FTC) officials said.Modelled on …
A new law that will formally recognize transactions and contracts made through computers is now being drafted officials say.Sri Lankan law does not recognize …
The Central Bank is seeking consultancy expertise to help overhaul key financial legislations early next year.The US$ 30 mn World Bank grant project will cover …
The Central Bank is seeking legal expertise to help overhaul key financial legislations early next year.The project will cover the Monetary Law Act, Banking …
US style bankruptcy protection laws are on the pipeline covering sole traders and partnerships in addition to limited liability companies.The Private sector …
The amended Monetary Law will refocus the Central Bank to key objectives of economic, price and the financial system stability.The Central Bank presently …
The Act will be brought in line Basle requirements and international best practices.rnrnThe Banking Law governs commercial and specialized banks.rnrnThe SEC …
Cabinet has rubber stamped a Labour Ministry proposal to clear a backlog of fifteen thousand labour tribunal cases on a fast track basis. The proposal to be …
Cabinet has rubber stamped a Labour Ministrys proposal to clear a backlog of 15,000 labour tribunal cases on a lquote 4:2:1 solution.The proposal to be …
Clamping down on excessive government spending, cabinet on Wednesday passed the Fiscal Responsibility Act, the UNF governments solution for the growing …
The government is introducing a new law that will de-politicise welfare payments and improve targeting."People will no longer be able to claim benefits due to …
A new law to prevent abuse of public funds while committing the government to its budget targets will come before the house soon.In addition to putting …
With the Youth Corp bill getting the Parliament nod an estimated 40,000 young persons will go into job - oriented training this year.A further 150,000 will …
The government plans to form an asset management company to takeover the debts of the two state banks.A top Central Bank official said the upcoming Bank Rescue …
This is one of two pieces of legislation that are coming before parliament in the next few weeks, laying the groundwork for an eventual re-haul of the …