EMANTHI-NEWSBLOG

Thursday, November 10, 2016

Some Of The Key Proposals In Today's Budget

Some of the Key proposals announced during the Budget Speech of Finance Minister Ravi Karunanayake are-

*50% concession on interest rates of loan facilities to Paddy ,Vegetable and Fruit farmers

sri lanka budget 2017 සඳහා පින්තුර ප්‍රතිඵල

*2% Cess Tax imposed on imported Sugar and 5% on Ethanol .A Sugar Stabilization Fund to be set up

*Daily Allowance granted for differently a baled children will be increased by Rs.150 per day

*Rs.200,000 insurance scheme for School Children

*Rs.5000 million allocated to provide free Tabs for 175,000 Advanced Level school children and 25,000 teachers from next year

*Major International Companies which are willing to relocate the headquarters in Sri Lanka will be excluded from corporate tax.

*Five year multiple visas to be provided for International Students from next year to study in Sri Lankan Universities

* A loan scheme to be introduced up to Rs.800,000 for students who are not qualified for state universities to study at private institutes

Cabinet Has Approved The Budget Proposals Prior To It's Presentation

Cabinet has approved the Annual Budget Proposals-2017 prior to it's presentation during a special Cabinet Meeting held this morning at the Presidential Secretariat in Colombo.

President Maithripala Sirisena has chaired the special Cabinet Meeting.

Colombo High Court Granted Bail For Three Suspects Including Former MP Tiran Alles

Colombo High Court has today(10) granted bail for three suspects including the former MP and the owner of Mawubima/Ceylon Today Newspapers Tiran Alles over misappropriating public funds from RADA Fund in 2006.

Accordingly the three suspects were released on cash bails of Rs.500,000 each and personal bails of Rs.2.5 million each by the Colombo High Court Judge Sarojani Kusala Weerawardena.

Earlier last week Colombo High Court has ordered to remand all three suspects over misappropriating public funds received to build Tsunami Houses through RADA Fund in 2006.However Court Of Appeal last Tuesday(08)ordered to release the three suspects after considering the revision petition filed by former MP Tiran Alles against the imprisonment .

Budget Proposals-2017: Maximum Retail Price For 400 Grammes Milk Powder And 1 Kilo Gramme Chicken

sri lanaka budget 2017 සඳහා පින්තුර ප්‍රතිඵල

Minister Of Finance Ravi Karunannayake who begun his Budget Speech one hour ago has announced a maximum retail price for 400 Grammes Milk Powder Pack and 1 Kilo Gramme Of Chicken Rs.295 and Rs.420 respectively.

The Finance Minister has also stated that to increase the local milk production government will import 15,000 milk cows to Sri Lanka at a cost of Rs.400 million.10 Cows will be distributed per milk farmer to increase the milk production he has stressed.

A day before his budget speech Finance Minister has stressed that he will present a people's friendly budget today(10).