EMANTHI-NEWSBLOG

Saturday, May 7, 2016

A QUOTE ON MOON

USA Government Has Lifted The Licensing Restrictions On Defense Exports Imposed Against Sri Lanka

The United States Government has eased the long standing military restrictions imposed against Sri Lanka by lifting the licensing restrictions on defense exports to Sri Lanka from 04th of May it has been reported.

According to the directorate of defense trade controls of the United States State Department ,USA will now review license applications received from Sri Lanka on a case by case basis,

United States has imposed sanctions on defense exports to Sri Lanka during the civil war prevailed in north and east of the country from early 1980's to 2009 .

"CHILDREN PLAYING IN THE LAGOON MEADOW"(1895) A POPULAR ARTWORK OF YESTERYEAR GERMAN LANDSCAPE PAINTER ANNA GERRESHEIM(1852-1921)

Sri Lanka Navy Have Sold Nine Small Petrol Crafts To Nigeria For US Dollars 4.2 Million

Sri Lanka Navy have sold Nine small metro crafts including six Arrow Boats and three inshore petrol crafts worth US Dollars 4.2 million to the Nigerian Government according to Sri Lanka Navy.

The petrol crafts built by the inshore petrol crafts project of Sri Lanka Navy at Welisara have been officially handed over to the Nigerian Ambassador to Sri Lanka S.U Ahmed and other dignitaries of the Embassy the Sri Lanka Navy has stated.

Sri Lanka Navy is expected to utilize the US Dollar 4.2 million earned through selling nine petrol crafts to Nigeria to upgrade it's inshore petrol craft project at Welisara and to lift the standard of the working station.

Navy is due to engaged in the assignment to build petrol crafts continuously as it will help to boost the Sri Lanka's economy through an export earnings it has been reported.

State Minister Of Finance Lakshman Yapa Abeywardena Requested The President To Avoid Officials Flying From Business Class As A Part Of Reducing Budget Deficit

The Sate Minister Of Finance Lakshman Yapa Abeywardena has requested the President Maithripala Sirisena to avoid Government Officials from flying Business Class of National Carrier to cut the unnecessary expenditure as a part of the Government's effort to reduce the rising budget deficit.

State Minister Abeywardena has also asked the President Sirisena to personally intervene to implemet a strong fiscal management system in the country and directed all government ministers and officials to monitor financial management of their ministries.

Government has recently increased the Value Added Tax(VAT) of certain goods and services by 4% to increase the government revenue by Rs.100 billion in 2016 in response to repeated requests from International Monetary Fund(IMF).