April 20, 2024 8:21 am
Results: 16
Sri Lanka to usher in a capital oriented budget: Ravi
Minister of Finance Ravi Karunanayake said that the Yahapalana Government’s new budget on November 20 will be capital oriented while aiming at higher revenue than recurrent expenditure. MORE...
Parliamentary programme for the Budget 2016 amended
The parliamentary programme for the Budget 2016 which was approved at the Cabinet of Ministers has been amended according to a proposal made by Ravi Karunanayake, Minister of Finance. MORE...
Finance Minister leaves for Peru to attend IMF annual meeting
Minister of Finance Ravi Karunanayake left the Island to attend the 2015 Annual Meetings of the World Bank Group and the International Monetary Fund which will take place in Lima, Peru, from October 9-11. MORE...
Place your money in Sri Lanka - Ravi
Sri Lanka’s Finance Minister Ravi Karunanayake has invited Sri Lankans and Indians who had to take back their deposits from banks in Switzerland to place their funds in Sri Lanka. MORE...
Tax on imported sugar, potatoes revised
The special commodity levy imposed on imported sugar has been increased by Rs 12 per kilogram while the levy on potatoes has been increased by Rs 10 per kilogram, the Finance Ministry said. MORE..
Government to make several SOEs self financed: Ravi
The new government’s plan to restructure the loss making State Owned Enterprises (SOEs) to be self financed without depending on the General treasury will be a reality soon, Finance Minister Ravi Karunanayake said. MORE...
Foreign debt has fallen to a new record under the new government: FM
Sri Lanka’s foreign debt under the new government has decreased while maintaining the foreign reserve at US $ 7.5 billion, the Finance Ministry said today (10). MORE...
Bloemendal shooting: Another succumbs to injuries
Another person injured during the shooting incident at Bloemendal Road last Friday has succumbed to his injuries. The injured person was receiving treatment at the National hospital at the time of his demise. MORE...
Fraud and corruption led to economic downturn, says Ravi
Finance minister Ravi karunanayke said that the wrong economic policies by the previous government embedded with corruption and frauds resulted in the continuous deterioration of the government revenue and the agro based economy as well. MORE...
Ravi to send letter of demand to MR
“A letter of demand will be sent to the former President seeking Rs 5000 million in damage over several defamatory remarks made against me to a newspaper,” Finance Minister Ravi Karunanayake said. MORE...
Fuel price reduction if world oil prices drop: Ravi
The government will consider a further reduction in the fuel price if oil prices in the world drop, Finance Minister Ravi Karunanayake said. “We won’t do this as an election bribe. When the gas prices dropped in the world market we reduced the price accordingly,” he added. MORE...
Govt rebuts ex-President’s allegations on ethanol licences
The Ministry of Finance today rejected the allegation made by former President Mahinda Rajapaksa that the government in 100 days has issued 28 ethanol licences. MORE..
We will survive no-confidence vote - Ravi
Sri Lanka’s finance minister has defended the pace of the country’s economic recovery, as a bruising vote of no confidence in the government looms. MORE...
Special commodity levy on potatoes, big onions slashed
The Ministry of Finance announced that the special commodity levy imposed on imported Potatoes and Big onions has been reduced with effect from midnight today (05). MORE..
Lanka for India’s inclusion in regional cooperation with China
Sri Lanka has backed China’s surprise initiative to make India an important component of a regional cooperation to address New Delhi’s concerns over Chinese involvement in large-scale projects in the country, a senior Sri Lankan minister has said. MORE...
FIB grills ex-Economic Development secretary
The former Secretary of the Economic Development Ministry Dr Y.D. Nihal Jayathilaka and former Director of People’s Leasing & Finance Mr P. Kudabalage are being questioned by the Fraud Investigations Bureau (FIB). MORE..