POPULAR YESTERYEAR SINHALA SONG SUNG BY PRIYA SURIYASENA

Police Have Arrested A Person With Two Fire Arms And Weapon Parts In His Possession

The Police have today(21) arrested a person with two locally made fire arms (Galkatas) and several weapon parts in his possession at Ruwanwella Area in Yatiyanthota(In Sabaragamuwa Province).

The 37 year old suspect is due to be produced before the Ruwanwella Magistrate Court today(21).
Yatiyanthota Police are conducting further investigations on the incident.

Finance Minister Has Suggested To Abolish Super Gain Tax

Finance Minister Ravi Karunanayake has  suggested through the 2016 Annual Budget presented to Parliament yesterday(20) to abolish the Super Gain Tax and to provide 50% tax reduction for foreign investments generating 500 jobs.

The Minister has also suggested to bring laws to protect both local and foreign investors  .

More Budget Proposals From 2016 Annual Budget

*A Five Day working week for Employees of Private Sector(At present working week for private sector employees is five and half days)

*Value Added Tax(VAT) threshold revised to Rs.12 million per year

*Other than Manufacturer and Importer Wholesale and Retail Traders excluded from VAT

*2.5 % Withholding Tax deducting by Banks or Financial Institutions on interests from deposits to be removed

*Annual Tax on Betting and Gambling will be increased to Rs.400 million

*Taxes imposed on English Films and Advertisements will be removed

*50% tax holiday for those involved in Mice Tourism for five year period

*7500 seat state of art convention center to be build in Colombo

*Three domestic Air Ports to be build in Degana,Badulla and Puttalam Areas

*The 9 US Dollar Cents charging per every minute for foreign calls received to phones will be reduced to 3 US Dollar cents

*Tile Industry to be free from tax for three year period

*Those who are paying annual income tax exceeds Rs.25 million will be provided with special facilities like VIP Facilities at Air Port,Invitations to attend state functions,allow to meet President and Prime Minister and given priority at state institutions

*To build skills of Parliamentarians a sum of Rs.50 million will be allocated

*Suggesting Ceylon Transport Board (CTB) to examine the ways of building buses locally for CTB with corporation of other local manufacturing  institutes

*Mattala Air Port to be convert to Air Luggage Operating Center and tax concessions will be provided for the activities of Air Port

*To convert all Local Universities to WI FI Zones Rs.300 million will be allocated

*Rs. 500 million will be allocated to develop Galle Fort

*Import Taxes imposed on 15 items including cloths,shoes and electrical appliances will be removed

*Tax Concession for newly build hotels

*A programme will be implemented to encourage people on using solar power 

THOUGHT OF THE DAY

SINHALA QUOTE FROM THE WEB

Hasitha Thilakaratne Has Appointed As New Chairman Of Consumer Affairs Authority

The Government has appointed Hasitha Thilakaratne as the new Chairman of Consumer Affairs Authority of  Sri Lanka with immediate effect.

He will  replace Dr.R.M.K Ratnayake who was the previous chairman of Consumer Affairs Authority.

The new chairman has been previously  served as Chairman Of Laksala and National Gem And Jewelry Authority.