Sri Lanka central bank repays Reserve Bank of India $450mn in 2024 Sep 11 (EN) SL’s central bank has repaid US$ 450 million to the Reserve Bank of India in the first six months of 2024. The central bank owed the RBI, US$ 2001.43 million by June 2024. When the numbers were first...
Sri Lanka announces 40 percent salary increase for civil servants
Sri Lanka President Ranil Wickremesinghe while presenting his Policy Statement in Parliament today (February 07), says the government was planning to reduce the tax burden as economic reforms continue to stabilize the economy. The President made this statement at the inauguration of the 5th session...
A proposal has been made to pay the basic salary of public servants on the 25th or a date between the 20th and the 25th and allowances on a date between the 5th and the 10th. The state is spending 40% of the national income to pay salaries and pensions of govt employees. more.. ...
Her Honour Justice Raper found on the evidence that Ms Arunatilaka paid Ms Danaratna a total of only $11,212 in wages in three years. That is only half of the contracted salary amount. The former Deputy High Commissioner (and now Sri Lanka’s Ambassador and Permanent Representative to the...
ECONOMYNEXT – Sri Lanka has been on a drive to expand government by abandoning cost cutting, based on a cookie-cutter model peddled by the International Monetary Fund to a number of other countries for several years. But high taxation is not a substitute for monetary stability. ...
Sri Lanka President Gotabaya Rajapaksa, addressing the 74th National Independence Day ceremony today (February 04), said the greatest benefit from freedom can be enjoyed when everyone fulfils their duty to the country. “As citizens of a free and democratic country, we all have rights as well ...
(iv) Large scale mechanized mining of gems; (v) Lotteries. b) Preference Shares In terms of Government Gazette No. 1791/43 dated 04.01.2013, the ECD has permitted the issuance/transfer of Sri Lanka rupee denominated Redeemable Preference Shares in a company classified as a ‘Specified Business...
chicken making process boiler equipment in sri lanka, The research and formulation of enterprise development strategy is a dynamic process with continuous improvement and innovation. The professional title evaluation of front-line staff means that ZOZEN’s salary system is further completed and optimized...
It was not possible to increase the salary again in 2023 as Sri Lanka had to keep within the IMF program targets and it can only be done in 2025 as revenues improve, the Finance Ministry said. If the salaries were to be hiked mid in the current economic size, a 3 percent hike in VA...