QUOTES FOR LIFE

 

 

Electricity Tariffs Will Not Be Increased-Ministry Of Power And Energy

The Electricity Tariffs will not be increased under any circumstance the Ministry Of Power and Energy has announced today(04).

Although the cost of Generating Electricity is forecast ed to increase between October 2016 to March 2017 under special circumstances like severe dry weather condition the Ceylon Electricity Board has suggested a 5% tariff increase as a solution to the increase of Electricity cost.

Sri Lanka's Budget Carrier Mihin Lanka To Suspend Their Flights From 30th Of October

Sri Lanka's Budget Carrier which faces financial difficulties "Mihin Lanka" has decided to suspend all their flights and services with effect from 30 th of October according to the Air Lines.

The suspended flying routes of Mihin Lanka will be carried out by the National Carrier Sri Lankan Air Lines after 30th of October according to sources.

Sri Lankan Government has taken a decision to suspend the flights and services of Mihin Lanka Air Lines as part of it's long term strategy   to restructure the local aviation industry and strengthening the efficiency and services of national carrier Sri Lankan Air Lines the sources have stated.

During it's term the Mihin Lanka established by the previous government covered the flying roots including Dhaka in Bangaladesh,Jakartha and Medan in Indonesia,Buddhagaya,Varanasi,Madurai and Kolkata in India,Baharain and Sarjah in Middle East ,Sey Schelles and Lahore in Pakistan,

Value Added Tax Bill Was Presented To The Parliament

The Value Added Tax(Amendment) Bill was presented to the Parliament by Leader of the House Lakshman Kiriella this evening.

The new Amendments made to this Bill had been approved by the Cabinet on 13th of September.

Accordingly the Value Added Tax(VAT) will be increased to 15% from 11% of the services including Tobacco,Air Line Ticket Prices,Telecom and Private Medical Services excluding dialysis,diagnostic tests and OPD Services it has been reported.

The Supreme Court has issued an interim order in July by preventing the government from implementing 4% VAT increase until the Cabinet and Parliament give permission for that.