Thursday, November 9, 2017

Budget Proposals-1

* A  Production Tax of Rs.10 has been introduced for
raw matarials used to manufacture Plastic and Polythene products to deter these productions.

*Rs.75 million has been allocated to encourage private sector companies producing Eco friendly Bags and Wrappers by using decayed matarials like Banana leaf,bamboo and coir.

*Tarrifs imposed on machines and raw matarials use to produce decayed bags and wrappers will be removed.

*A programme to be implemented to introduce Three wheelers to the areas popular among foreign tourists as "Tuk Tuk" concept through the Tourism Authority and Tourism Promotions Bureau.

*A programme to register and train Three Wheeler drivers as tourist guides free of charge .

* An Agricultural Insuarance scheme to be implemented based on weather.Accordingly a Rs.40,000 Insuarace cover per acre will be provided for farmers who are cultivating six crops namely paddy,maze,Big anions ,Chillies ,Potatoes and Soya.

*A programme to promote and develop entrepreneurs to make Sri Lanka an entrepreneurs paradise.

*Impory Tax imposed on Diesel Three Wheelers will be increased by Rs.50,000s

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