Saturday, September 29, 2018

Government To Restrict Imports /Suspend The Issuance Of Duty Free Car Permits For MP's For A One Year And To Take More Actions To Protect The Economy

Government has decided to restrict
some imports to the Country  and to take few major actions regarding the state sector to control the pressure that affects Sri Lankan Economy due to the depreciation of Sri Lankan Rupee against the US Dollar ,with effect from midnight tonight (29) Ministry Of Finance and Mass Media has announced.

Accotingly government has decided to suspend the importation of new vehicles for Minister's,State Departments, Statutory Boards,All state Institutes  and Public Enterprises until further notice , impose 100 percent cash margin for en importing Air conditioners, Refrige rators  ,TV's,Phones (Mobile and Land),Perfumes ,Tyres and shoes,suspend the issuance of Duty Free vehicle permits  for Parliamentarians for a one year period, Suspend the issuance of concessionary Vehicle permits to Government service employees for six month period and dropped the leasing rate of Hybrid vehicles from 70 percent to 50 percent.

Government will monitor the Exchange rates closely and take necessary acations to protect the economy according to the Ministry. 

No comments:

Baltimore Port Closure May Hit US Coal Export Volumes

https://www.foxbusiness.com/economy/baltimore-port-closure-may-hit-us-coal-export-volumes