The Central Bank of Sri Lanka ordered the all licensed Commercial Banks and all the licensed specialized banks to reduce the Interest rates on lending products with effect from 25 th of August.
Accordingly the interest rates on pawning facilities ,pre arranged temporary overdrafts ,Credit card advances an new and existing Lankan rupees denominated lending products are also reduced adequately .
The Islandwide strike action launched by the Railway Electrical Technicians had been called off yesterday (25) after the discussions held between the Railway Electrical Technicians and the Railway authorities .
The strike of the Railway Electrical Technicians had caused train delays both last wednesday(23) and Thursday(24) and the passangers had faced enormous difficulties as a result.The strike had been launched due to the arrest and remand of a Railway Electrical Technician who was involved in a brawl with the deputy railways manager at Maligawatte railway yard.
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Due to sudden power failure occurred in Matara,Hambanthota ,Embilipitiya and Beliatta areas in Southern Province since this evening (23)many houses in those areas are without power for hours according to the Ceylon Electricity Board.
This power failure had occurred as a resukt of the breaking down of one of the power grids of tbe Electricity Board it has been revealed .Restoring power in those areas are currently underway the authorities had stated.
The Central Enviornment Authority had decided to ban the Production ,sale and use of 09 varities of Plastic items in Sri Lanka with effect from 01st of October this year.
Accordingly the production ,sale,use
