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Import Duty of Big Onions and Potatoes is revised.
The harvesting season of Big Onions and Potatoes has started by now. Considering an increase in supply of potatoes and big onions during the months of August and September, measures have been taken by the government to increase import duty of 1 kg of Big onions from Rs.10/- to Rs.25/- and 01 kg of Potatoes from Rs. 30 to Rs.35/- with effect from 10th August 2011. Moreover, In order to maintain stable price for garlic at the market, remaining import duty of Rs. 10/- for 1 kg of garlic has been increased up to Rs. 25/-.
In the light of an expected increase in supply of local potatoes and big onions during the coming weeks and an increase of the production cost of the local farmers, the government has made these revisions to the import duty so as to protect the local farmers.
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Assistance from the Government of Japan for Priority Development Projects
The Government of Japan has agreed to provide financial assistance under its Yen Loan Package for fiscal year 2011/2012 in accordance with the priority assigned by the Government of Sri Lanka, to major projects of Development of Bandaranaike International Airport – Phase II, Rehabilitation and Expansion of Production Capacity of State Pharmaceutical Manufacturing Corporation, Improvement of Basic Social Service Targeting the Emerging Regions. At the discussion headed by Dr. P B Jayasundara, Secretary to the Treasury with the participation representatives of Japanese and Sri Lankan Governments on 11th August 2011, it was decided to expedite the evaluation activities of the projects and sign Loan Agreements on March 2012.
In addition, The Government of Japan has agreed to provide assistance to undertake a basic study on Project of Low Voltage Distribution Losses Reduction and Construction of Habarana – Veyangoda 220kV Transmission Line to increase the efficiency of the Power Sector.
The speech delivered Dr. P.B. Jayasundera, Secretary to the Treasury at the ceremonial meeting held for the presentation of Annual Report of Ministry of Finance and Planning 2010 -Audio
Sri Lanka at a Glance -2005 & 2010
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Sinhala. Tamil English
Annual Report 2010
Vehicle Import Taxes...
Payment of Research Allowance as per budget Proposal 2011
The General Treasury allocates 103 millions
to purchase plastic containers for vegetable transportation.
The General Treasury has granted a large amount of money exceeding Rs. 103 million for the programme implemented by the government to introduce plastic containers with the objective of providing clean and quality fresh vegetable to the market preventing over wastage taking place while transporting vegetable in low standard containers such as gunny bags or fertilizer sacks.Over 150,000 containers have already been provided to the farmers, collectors of vegetables and the traders who are engaged in direct contribution, and further arrangements have been made to provide adequate plastic containers in due course(04/03/2011)
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Rs. 350 million already released.
The General Treasury allocated another Rs. 500 million to grant more provisions as required
A provision over Rs. 350 million has already been released by now from the General Treasury to the District Secretaries through the Ministry of Disaster Management and another Rs. 500 has been already allocated(08/02/2011).
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Issuing Motor Vehicle Permits on Concessionary Terms(Circular No. 1/2010)
Address by H.E. the President at the Committee Stage Debate of the Ministry of Finance & Planning on 10th December in Parliament
Sinhala English
Payments to Government Institutions through Electronic Media
With the view of providing the public services efficiently, the government institutions now could use the Electronic Media and the necessary authority in this respect has already been granted by the Electronic Transactions Act No. 19 of 2006.
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Budget-2011
GOVERNMENT TAKES OVER SHELL GAS
Marking a remarkable leap forward in the Sri Lanka consumer market, the government has fully taken over the ownership of the Shell Gas Company.
The agreement to this effect was signed by Dr. P.B. Jayasundera, Secretary, Ministry of Finance and Planning and Addl. Secretary to HE the President and the Chairman, Sri Lanka Insurance Corporation Mr. Gamini Senarath on behalf of the Sri Lanka Government and Mr. Andrew Crowe, General Manager, new Business Portfolio Shell on behalf the Shell Gas International Company.
(03 Nov 2010)Full Story..
The International Reserves Reached USD 7 billion
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Reflecting the economic stability in the country, the gross official reserves surpassed US dollars 7 billion 04th October 2010. This is the highest ever reserves level recorded in the history and is sufficient to cover 6.8 months of imports.
(08 Oct 2010)Full Story..
ASPI Reached 5000 for the First Time in the History....
All Share Price Index (ASPI) reached a record level of 5,000 points reflecting the country’s political and economic stability coupled with foreign investors’ confidence. ASPI up by 140 points closed at 5138.9 on 28th July.ASPI for the week ending July 22nd recorded 4,849 gaining 210 points while the MPI gained 268 points to close at 5,500. The total turnover topped at Rs. 2,811 mn compared to Rs. 551 mn in the same period of 2009 ( 23rd,July 2010) More...
EXPORTS REVENUE GROWTH RATE INCREASES
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The exports earnings that declined in 2009 has recorded a growth during the first quarter of 2010.
The export earnings declined by 13 per cent to US $ 7085 million in 2009 due to the lower demand from the Sri Lanka’s major trading partners stemming from the rapid contractions in the respective economies.
(30 July 2010)Full Story..
WESTERN PROVINCE RECORDS HIGHEST GDP CONTRIBUTION
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Reflecting a positive development with the ending of the 30 year old conflict, the Western Province made the highest contribution to the Gross Domestic Product, according to Central Bank of Sri Lanka based on the desegregation of the GDP estimated by the Department of Census and Statistics.(21 July 2010)More..
BUSINESSMEN PAY GOVERNMENT DUES VOLUNTARILY...
An increase in commencing business ventures reflect in the Jaffna District and the enthused businessmen had come forward to pay due taxes to the government coffers voluntarily.The business community in the Jaffna Peninsula liberated from the terrorist clutches has commenced various business ventures on a massive scale and had contributed Rs. 41,967,409/= by way of revenue to the government coffers during the period of January to April this year(09.06.2010)
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Japan Provides Human Resources Development Scholarships for the Public Sector ...
The Goverment of Japan has agreed to provide a grant of japanese yen 229 million(approximately Rs. 279 million)for the implementation of the Japanese Human Resources Development Scholarship Programme.The Objective of this Programe is to suport human resources development by providing opportunities for the Government officials to undergo Masters Degree Programmes at higher educational institutions in Japan.read more..
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