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Daily Archives: November 15, 2017

Tax concessions on electric cars revised

The Finance Ministry had decided to provide tax concessions for electric cars with a one year usage. The gazette notification pertaining to the decision will be issued today (15), Financial Ministry reports said. Initially, Finance Minister decided to decrease the import tax levied on brand new Electric vehicles by Rs. …

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Finalization of the Public-Private Partnership Guidelines

As the government’s capacity to borrow money is limited Public private partnership is the only way forward to achieve development goals. Since 1998 Sri Lankan government has not issued any guidelines for PPP. The Department of Public Finance of Ministry of Finance conducted the final stakeholder consultation workshop on 15 …

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Budget keeps to IMF plan but fiscals still weak – Fitch

The global rating agency, Fitch Ratings says Sri Lanka’s budget for 2018 sticks broadly to the targets for fiscal deficit reduction under its three-year IMF program, which began in June 2016. However, high government debt and the large cost of debt servicing weigh heavily on Sri Lanka’s credit profile and …

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Train derailed

A train derailed between Parasangaswewa and Medawachchiya. Train services on Northern line will be restricted to Anuradhapura, Railway Control room said.

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