Tag: Finance
Government hopes to spend Rs. 438 bn next year
Government expenditure is estimated to go up to Rs.438 bn in 2005, from Rs. 353 bn this year, Finance Minister, Dr.Sarath Amunugama told parliament.Government expenditure is estimated to go up to Rs. 438 bn in 2005, from Rs. 353 bn this year, Finance Minister, Dr. Sarath Amunugama told parliament. Presenting government finances for next year […]
Treasury Secretary says the government and the Central Bank have lost their independence in setting fiscal and monetary policies
The government and the Central Bank have lost their independence in setting fiscal and monetary policies, the Treasury Secretary said in Colombo last week.The government and the Central Bank have lost their independence in setting fiscal and monetary policies, the Treasury Secretary said in Colombo last week. The falling government revenue has meant that increasing […]
Import tax on cars, vans and dump trucks up from Friday
Import tax on cars, vans and dump trucks went up from midnight Thursday after excise duty on these vehicle categories were increased. Import tax on cars, vans and dump trucks went up from midnight Thursday after excise duty on these vehicle categories were increased. Excise duty on cars went up from 25 percent up to […]
Government baffled by the LTTE’s lack of interest in peace talks
The government of Sri Lanka says it is ready with a new set of proposals to re-start peace pow-wows and is baffled by the lack of interest from the LTTE.The government of Sri Lanka says it is ready with a new set of proposals to re-start peace pow-wows and is baffled by the lack of […]
‘s lack of interest in peace talks
The government of Sri Lanka says it is ready with a new set of proposals to re-start peace pow-wows and is baffled by the lack of interest from the LTTE.The government of Sri Lanka says it is ready with a new set of proposals to re-start peace pow-wows and is baffled by the lack of […]
India, Sri Lanka to to harmonise standards and certification procedures by early next year
Sri Lanka and India are trying to harmonise standards and certification procedures between the two countries by early next year to move the Indo-Lanka agreement another step forward.Sri Lanka and India are trying to harmonise standards and certification procedures between the two countries by early next year to move the Indo-Lanka agreement another step forward. […]
Central Bank differs rate hike, as inflation gallops ahead
Sri Lanka’s budget deficit expands and reserves make a small recovery, as the government differs payments and opts for dollar bonds to balance the books.Sri Lanka’s budget deficit expands and reserves make a small recovery, as the government differs payments and opts for dollar bonds to balance the books. The overall budget deficit for first […]
Impacts of Sethusamudram to be discussed this month
The initial findings on the impact of India’s Sethusamudram ship canal project on Sri Lanka, will be submitted to the government this month.The initial findings on the impact of India’s Sethusamudram ship canal project on Sri Lanka, will be submitted to the government this month. The initial findings, relating to specific areas, will be submitted […]
The Treasury has “no good news” on tax anomalies
The Treasury says it has no “good news” to offer in terms of rectifying tax anomalies and says belt up and pay up to prosper.The Treasury says it has no “good news” to offer in terms of rectifying tax anomalies and says belt up and pay up to prosper. “I have no good news,” said […]
The European Commission is putting up grants up to Rs12.5 mn under its Small Projects Facility.
The European Commission is inviting project proposals to provide grants up to Rs 12.5 mn under its Small Projects Facility (SPF). The European Commission is inviting project proposals to provide grants up to Rs 12.5 mn under its Small Projects Facility (SPF). Project proposals can be submitted by Sri Lanka based non-profit legal entities, governmental […]
Sri Lankan pepper no threat to Indian pepper
Pepper exports to India are not breaking the Indo-Lanka free trade pact or destabilising Indian production, say pepper producers in Sri Lanka.Pepper exports to India are not breaking the Indo-Lanka free trade pact or destabilising Indian production, say pepper producers in Sri Lanka. “The Indian trade delegation from Delhi that was here in August were […]
WTO agrees to look at adjustment costs when quotas are gone
Smaller garment-dependent countries got a break this week with the World Trade Organisation (WTO) agreeing to look at ‘adjustment issues’ when quotas are gone.Smaller garment-dependent countries got a break this week with the World Trade Organisation (WTO) agreeing to look at ‘adjustment issues’ when quotas are gone. The WTO’s Goods and Services Council agreed this […]