National inflation drop

Sri Lanka’s nationwide inflation in April 2018 determined under the National Consumer Price Index (NCPI) declined to 1.6 percent from 2.8 percent recorded in March 2018 on an year-on-year basis, the Department of Census and Statistics reported Monday. Inflation of 1.6 percent reported for April 2018 is the lowest inflation …

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Daya outlines plans to improve primary industries

Social Welfare and Primary Industries Minister Daya Gamage has outlined extensive plans to improve primary industries to boost exports and employment. The occasion was when the Ministry yesterday kicked off at Waters Edge in Battaramulla a Rs. 16 billion project titled the Agriculture Sector Modernization Project with a Rs. 9 …

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Fuel subsidy is only for kerosene – Finance Ministry

Ministry of Finance said the fuel subsidy is only for kerosene given for low income families and fishermen and there will be no subsidy for petrol or diesel. Accordingly, 47,555 families receiving Samurdhi assistance and 24,282 owners of one-day fishing boats with fixed engines will receive kerosene subsidies. Accordingly, a …

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Monitoring committee to regulate Samurdhi Bank

It has been proposed to appoint a Monitoring Committee comprising representatives of the Central Bank of Sri Lanka, Ministry of Finance and Ministry of National Policies and Economic Affairs to regulate the Samurdhi Banks. Governor of the Central Bank Dr. Indrajit Coomaraswamy at a media briefing on Friday (11) stated …

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CB won’t bring Samurdhi Bank under it

Deputy Governor of the Central Bank of Sri Lanka K.D. Ranasinghe yesterday. said that the Samurdhi Bank wouldn’t be brought under the Central Bank.   Ranasinghe said that the CBSL would assist Samurdhi bank to further improve its supervision. Ranasinghe said so at the media conference at the CBSL chaired …

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