Thursday, November 10, 2016
Annual Budget -2017 Proposals
*Loans for Journalists to purchase Journalistic Equipment with 50 percent concessionary interest rate
*Five year visas for foreign investors who are willing to invest in Sri Lanka.
*Excise (Special Provisions)Duty to be imposed on Beer Cans and any Lottery Ticket
Accordingly Rs.10 per can Excise Duty will be imposed for Beer Cans not more than 350 mili liters and Rs.15 per can will be imposed on Beer Cans more than 350 mili liters.
Also Excise (special province) Duty will be imposed on any Lottery Ticket at Rs.5 per Lottery Ticket.
Excise Duty will be introduced to imported non port able Alcohol at Rs.25 per liter .
*Five year visas for foreign investors who are willing to invest in Sri Lanka.
*Excise (Special Provisions)Duty to be imposed on Beer Cans and any Lottery Ticket
Accordingly Rs.10 per can Excise Duty will be imposed for Beer Cans not more than 350 mili liters and Rs.15 per can will be imposed on Beer Cans more than 350 mili liters.
Also Excise (special province) Duty will be imposed on any Lottery Ticket at Rs.5 per Lottery Ticket.
Excise Duty will be introduced to imported non port able Alcohol at Rs.25 per liter .
Budget Proposals -2017: Continues
*Rs.200 million allocated for introduction of Electric Cars as an alternative for Three Wheelers.
Three Wheelers and School Vans to be regulated.
*Samurdhi Programme to be renamed as Jana Isuru Programme
*Pre paid card to be introduced for Train Services
*The fee charged for withdrawing money from a teller mechine to be increased to Rs.10
*Four Commercial Banks to be built throughout the island
*A pension Scheme to be introduced for Bus Drivers,Conductors and cleaners
*Budget Air Line "Mihin Lanka" to be converted into a profitable institute
Rs.3000 million to be allocated to pay compensation for Golden Key depositors
Three Wheelers and School Vans to be regulated.
*Samurdhi Programme to be renamed as Jana Isuru Programme
*Pre paid card to be introduced for Train Services
*The fee charged for withdrawing money from a teller mechine to be increased to Rs.10
*Four Commercial Banks to be built throughout the island
*A pension Scheme to be introduced for Bus Drivers,Conductors and cleaners
*Budget Air Line "Mihin Lanka" to be converted into a profitable institute
Rs.3000 million to be allocated to pay compensation for Golden Key depositors
President's Counsal Sarath Jayamanne Has Been Appointed As New Director General Of Bribery Commission
President Maithripala Sirisena has today (10) appointed President's Counsal Sarath Jayamanne as the new Director General of the Bribery Commission.
The new Director General of Bribery Commission who is currently serving as an additional Solicitor General at the Attorney General's Department has received his appointment letter at the Presidential Secretariet in Colombo.
The Director General post of the Bribery Commission has become vacant with the resignation of former Director General Dilrukshi Wikramasinghe.
The new Director General of Bribery Commission who is currently serving as an additional Solicitor General at the Attorney General's Department has received his appointment letter at the Presidential Secretariet in Colombo.
The Director General post of the Bribery Commission has become vacant with the resignation of former Director General Dilrukshi Wikramasinghe.
Annual Budget Proposals-2017
*Five Hundrad Thousand new houses for low and middle income groups from next year
*Rs.25 million allocated to esrablish Amaradeva Music Acadamy in memory of late pandith W.A.D Amaradeva
*New Domestic Air Line to be established from 31 st of March
*Telecommunication Levy to be increased by 25 percent.Corporate income tax revised.
+Ceylon Tobacco Company requested to donate Rs.500 million to Presidential Fund to be utilized for the Anti Smoking campaign
*Levy imposed on foreign films and tele dramas dubbed into Sinhala and Tamil to be incteased from Rs.90,000 to Rs.300,000 per 30 minutes
*Cess Tax imposed on 100 items to be removed with imediatte effect
*PAYE Tax will be excluded upto Rs.Rs.100,000 per month
*Rs.25 million allocated to esrablish Amaradeva Music Acadamy in memory of late pandith W.A.D Amaradeva
*New Domestic Air Line to be established from 31 st of March
*Telecommunication Levy to be increased by 25 percent.Corporate income tax revised.
+Ceylon Tobacco Company requested to donate Rs.500 million to Presidential Fund to be utilized for the Anti Smoking campaign
*Levy imposed on foreign films and tele dramas dubbed into Sinhala and Tamil to be incteased from Rs.90,000 to Rs.300,000 per 30 minutes
*Cess Tax imposed on 100 items to be removed with imediatte effect
*PAYE Tax will be excluded upto Rs.Rs.100,000 per month
Annual Budget-2017: More Concessions- 1
*CattleFarming Zones to be established
*The Expressway fees have been reduced by Rs.50 from 9 p.m to 5.a.m
*Monthly allowance of Rs.2500 recommended for Pirivena (Temples) Students
*Twenty Five Essential Commodities will be provided for concessionary prices through Lak Sathosa outlets island wide
*Rs.50 million allocated to recognized new talents in sports field and developing their talents
*Rs.50 million allocated to establish a film preserve preserving unit to preserve award winning films of local cinema legend Sir Lester James Pieris like "Gamperaliya" and "Nidanaya"
Rs.one milion with One hundrad percent tax concession will be provided to University Graduates who will be forming new companies
*
*The Expressway fees have been reduced by Rs.50 from 9 p.m to 5.a.m
*Monthly allowance of Rs.2500 recommended for Pirivena (Temples) Students
*Twenty Five Essential Commodities will be provided for concessionary prices through Lak Sathosa outlets island wide
*Rs.50 million allocated to recognized new talents in sports field and developing their talents
*Rs.50 million allocated to establish a film preserve preserving unit to preserve award winning films of local cinema legend Sir Lester James Pieris like "Gamperaliya" and "Nidanaya"
Rs.one milion with One hundrad percent tax concession will be provided to University Graduates who will be forming new companies
*
Prices Of Several Essential Commodities Reduced Through The Budget
The prices of several commodities are being reduced through the 2017 Annual Budget, Finance Minister Ravi Karunanayake had announced during his budget speech.
Accordingly the price of White Sugar has been reduced by Rs.2 per Kilo Gramme,Dhal by Rs.10 per Kilo Gramme,Sprats by Rs.5 per Kilo Gramme,Green Gram by Rs/15 per Kilo Gramme,Potatoes by Rs.5 per Kilo Gramme ,Kerosene by Rs.5 per Liter and Domestic Gas Cylinder by Rs.25.
Accordingly the price of White Sugar has been reduced by Rs.2 per Kilo Gramme,Dhal by Rs.10 per Kilo Gramme,Sprats by Rs.5 per Kilo Gramme,Green Gram by Rs/15 per Kilo Gramme,Potatoes by Rs.5 per Kilo Gramme ,Kerosene by Rs.5 per Liter and Domestic Gas Cylinder by Rs.25.
Health Tip
Why Eat Beets? 6 Top Reasons
Beet roots have always been included in my most recommended vegetables list, although they are in the "use sparingly" category because of their high carbohydrate levels.Although beets have the highest sugar content of all vegetables, most people can safely eat beet roots a few times a week (and their greens in unlimited quantities), enjoying not only their sweet, earthy flavor but also their powerhouse nutrients that may improve your health in the following ways.
1. Lower Your Blood Pressure
Drinking beet juice may help to lower blood pressure in a matter of hours. One study found that drinking one glass of beet juice lowered systolic blood pressure by an average of 4-5 points.3
The benefit likely comes from the naturally occurring nitrates in beets, which are converted into nitric oxide in your body. Nitric oxide, in turn, helps to relax and dilate your blood vessels, improving blood flow and lowering blood pressure.
2. Boost Your Stamina
If you need a boost to make it through your next workout, beet juice may again prove valuable. Those who drank beet juice prior to exercise were able to exercise for up to 16 percent longer.4 The benefit is thought to also be related to nitrates turning into nitric oxide, which may reduce the oxygen cost of low-intensity exercise as well as enhance tolerance to high-intensity exercise.
3. Fight Inflammation
Beets are a unique source of betaine, a nutrient that helps protects cells, proteins, and enzymes from environmental stress. It's also known to help fight inflammation, protect internal organs, improve vascular risk factors, enhance performance, and likely help prevent numerous chronic diseases.5 As reported by the World's Healthiest Foods:6
The powerful phytonutrients that give beets their deep crimson color may help to ward off cancer. Research has shown that beetroot extract reduced multi-organ tumor formations in various animal models when administered in drinking water, for instance, while beetroot extract is also being studied for use in treating human pancreatic, breast, and prostate cancers.7
5. Rich in Valuable Nutrients and Fiber
Beets are high in immune-boosting vitamin C, fiber, and essential minerals like potassium (essential for healthy nerve and muscle function) and manganese (which is good for your bones, liver, kidneys, and pancreas). Beets also contain the B vitamin folate, which helps reduce the risk of birth defects.
6. Detoxification Support
The betalin pigments in beets support your body's Phase 2 detoxification process, which is when broken down toxins are bound to other molecules so they can be excreted from your body. Traditionally, beets are valued for their support in detoxification and helping to purify your blood and your liver.
Drinking beet juice may help to lower blood pressure in a matter of hours. One study found that drinking one glass of beet juice lowered systolic blood pressure by an average of 4-5 points.3
The benefit likely comes from the naturally occurring nitrates in beets, which are converted into nitric oxide in your body. Nitric oxide, in turn, helps to relax and dilate your blood vessels, improving blood flow and lowering blood pressure.
2. Boost Your Stamina
If you need a boost to make it through your next workout, beet juice may again prove valuable. Those who drank beet juice prior to exercise were able to exercise for up to 16 percent longer.4 The benefit is thought to also be related to nitrates turning into nitric oxide, which may reduce the oxygen cost of low-intensity exercise as well as enhance tolerance to high-intensity exercise.
3. Fight Inflammation
Beets are a unique source of betaine, a nutrient that helps protects cells, proteins, and enzymes from environmental stress. It's also known to help fight inflammation, protect internal organs, improve vascular risk factors, enhance performance, and likely help prevent numerous chronic diseases.5 As reported by the World's Healthiest Foods:6
"[Betaine's]… presence in our diet has been associated with lower levels of several inflammatory markers, including C reactive protein, interleukin-6, and tumor necrosis factor alpha. As a group, the anti-inflammatory molecules found in beets may eventually be shown to provide cardiovascular benefits in large-scale human studies, as well as anti-inflammatory benefits for other body systems."4. Anti-Cancer Properties
The powerful phytonutrients that give beets their deep crimson color may help to ward off cancer. Research has shown that beetroot extract reduced multi-organ tumor formations in various animal models when administered in drinking water, for instance, while beetroot extract is also being studied for use in treating human pancreatic, breast, and prostate cancers.7
5. Rich in Valuable Nutrients and Fiber
Beets are high in immune-boosting vitamin C, fiber, and essential minerals like potassium (essential for healthy nerve and muscle function) and manganese (which is good for your bones, liver, kidneys, and pancreas). Beets also contain the B vitamin folate, which helps reduce the risk of birth defects.
6. Detoxification Support
The betalin pigments in beets support your body's Phase 2 detoxification process, which is when broken down toxins are bound to other molecules so they can be excreted from your body. Traditionally, beets are valued for their support in detoxification and helping to purify your blood and your liver.
Eat Your Beet Greens Too
If you simply throw away the green leafy tops to your beets, you're doing yourself a disservice, as these are among the healthiest part of the plant.Besides containing important nutrients like protein, phosphorus, zinc, fiber, vitamin B6, magnesium, potassium, copper, and manganese, beet greens also supply significant amounts of vitamin A, vitamin C, calcium, and iron.
Beet greens actually have even more iron than spinach (another leafy green in the same botanical family) as well as a higher nutritional value overall than the beetroot itself. For more details, read "What Are Beet Greens Good For?" You may be surprised to learn, for instance, that research shows beet greens may:
- Help ward off osteoporosis by boosting bone strength
- Fight Alzheimer's disease
- Strengthen your immune system by stimulating the production of antibodies and white blood cells
Some Of The Key Proposals In Today's Budget
Some of the Key proposals announced during the Budget Speech of Finance Minister Ravi Karunanayake are-
*50% concession on interest rates of loan facilities to Paddy ,Vegetable and Fruit farmers
*2% Cess Tax imposed on imported Sugar and 5% on Ethanol .A Sugar Stabilization Fund to be set up
*Daily Allowance granted for differently a baled children will be increased by Rs.150 per day
*Rs.200,000 insurance scheme for School Children
*Rs.5000 million allocated to provide free Tabs for 175,000 Advanced Level school children and 25,000 teachers from next year
*Major International Companies which are willing to relocate the headquarters in Sri Lanka will be excluded from corporate tax.
*Five year multiple visas to be provided for International Students from next year to study in Sri Lankan Universities
* A loan scheme to be introduced up to Rs.800,000 for students who are not qualified for state universities to study at private institutes
*50% concession on interest rates of loan facilities to Paddy ,Vegetable and Fruit farmers
*2% Cess Tax imposed on imported Sugar and 5% on Ethanol .A Sugar Stabilization Fund to be set up
*Daily Allowance granted for differently a baled children will be increased by Rs.150 per day
*Rs.200,000 insurance scheme for School Children
*Rs.5000 million allocated to provide free Tabs for 175,000 Advanced Level school children and 25,000 teachers from next year
*Major International Companies which are willing to relocate the headquarters in Sri Lanka will be excluded from corporate tax.
*Five year multiple visas to be provided for International Students from next year to study in Sri Lankan Universities
* A loan scheme to be introduced up to Rs.800,000 for students who are not qualified for state universities to study at private institutes
Colombo High Court Granted Bail For Three Suspects Including Former MP Tiran Alles
Colombo High Court has today(10) granted bail for three suspects including the former MP and the owner of Mawubima/Ceylon Today Newspapers Tiran Alles over misappropriating public funds from RADA Fund in 2006.
Accordingly the three suspects were released on cash bails of Rs.500,000 each and personal bails of Rs.2.5 million each by the Colombo High Court Judge Sarojani Kusala Weerawardena.
Earlier last week Colombo High Court has ordered to remand all three suspects over misappropriating public funds received to build Tsunami Houses through RADA Fund in 2006.However Court Of Appeal last Tuesday(08)ordered to release the three suspects after considering the revision petition filed by former MP Tiran Alles against the imprisonment .
Accordingly the three suspects were released on cash bails of Rs.500,000 each and personal bails of Rs.2.5 million each by the Colombo High Court Judge Sarojani Kusala Weerawardena.
Earlier last week Colombo High Court has ordered to remand all three suspects over misappropriating public funds received to build Tsunami Houses through RADA Fund in 2006.However Court Of Appeal last Tuesday(08)ordered to release the three suspects after considering the revision petition filed by former MP Tiran Alles against the imprisonment .
Budget Proposals-2017: Maximum Retail Price For 400 Grammes Milk Powder And 1 Kilo Gramme Chicken
Minister Of Finance Ravi Karunannayake who begun his Budget Speech one hour ago has announced a maximum retail price for 400 Grammes Milk Powder Pack and 1 Kilo Gramme Of Chicken Rs.295 and Rs.420 respectively.
The Finance Minister has also stated that to increase the local milk production government will import 15,000 milk cows to Sri Lanka at a cost of Rs.400 million.10 Cows will be distributed per milk farmer to increase the milk production he has stressed.
A day before his budget speech Finance Minister has stressed that he will present a people's friendly budget today(10).
The Finance Minister has also stated that to increase the local milk production government will import 15,000 milk cows to Sri Lanka at a cost of Rs.400 million.10 Cows will be distributed per milk farmer to increase the milk production he has stressed.
A day before his budget speech Finance Minister has stressed that he will present a people's friendly budget today(10).
Subscribe to:
Posts (Atom)
-
The Commonwealth Business Forum has inaugurated today (12) by president Mahinda Rajapaksha at Cinnamon Grand Hotel in Colombo with the par...
-
A Motor Bicycle Rider was critically Injured and Hospitalized due to another underworld type shooting incident occurred at Delgaha Junction...