2022 Revised Budget Sri Lanka- Expenditure Proposal Outline.
As the Minister of Finance, President Ranil Wickramasinghe presented the 2022 revised budget to Parliament this afternoon (30). Accordingly, the proposed revised budget proposals. From September 1, 2022, Value Added Tax (VAT) will increase from 12% to 15%. Mandatory registration with the Inland Revenue Department for all eligible persons above the age of 18 regardless of annual income or tax exemption limits The retirement age will be reduced to 60 years in government and semi-government institutions. Steps to retire all employees above 60 years of age in December 2022. Proposals to establish an independent National Debt Management Institute under the Treasury. Proposals to attach selected local councils to the nearest Municipal Council or Municipality. Proposals to give 20% of the total shareholding of Bank of Lanka and People’s Bank to depositors and employees. Suggested to provide an interim allowance of Rs.2500/= for pregnant mothers. Proposals to provide a subsidy of 10,000 rupees per month for 61,000 families who need to be relieved. Proposals to waive Rs 680 million (excluding interest) due to farmers in default of payments to state banks. Proposals to establish a branch of Kotalawala Defense University in Kurunegala. Proposals to establish an Office for Sri Lankans Abroad which will act as a coordination center for getting the assistance of Sri Lankans to the country. Proposals for the use of private sector investment for the development of railway transport services and the development of the Kelaniveli railway line as the ideal project. Proposals to purchase only electric powered vehicles for government needs in the future and to suspend the use of fossil fuel powered vehicles in the future.
Iraqi protesters also get into the President’s swimming pool
Footage of Iraqis enjoying the presidential palace’s swimming pool has been circulating on social media. Foreign media reports that protesters have seized power in a number of government buildings. The Iraqi government responded by imposing a curfew from last night. The unrest has escalated after Iraq’s Shia Muslim cleric Muqtada al-Sadr announced his retirement from politics. According to foreign media reports, the American embassy officials in Baghdad have also been evacuated by helicopter with the current situation.
Political Crisis in Sri Lanka- Water and tear gas attacks on protest of Inter-University Student Union
The police fired water and tear gas to disperse the protest march of the Inter-University Student Union. The incident took place in front of the Ministry of Health. The protest march started this afternoon from Maradana area.
Economic Crisis in Sri Lanka-Complaints from customers about shortage of eggs in the country
Consumers say that eggs are not available for purchase in many parts of the island. Consumers say that many stores do not sell eggs. Meanwhile, small-scale egg producers held a discussion with the Minister of Trade, Commerce and Food Safety Mr. Nalin Fernando yesterday afternoon.
Heavy rains exceeding 100 mm in several provinces in Sri Lanka
According to the Department of Meteorology, some places in South, Sabaragamuwa, Central, Uva, North-West and North-Central provinces may experience heavy rains exceeding 100 mm. In issuing a warning about heavy rains, the department said that many parts of the island may experience rain or thundershowers in the evening or at night. The Department of Meteorology informs the people to take necessary measures to minimize the dangers caused by strong winds and lightning that may occur with thunder showers
Inflation in Sri Lanka-The Sri Lankan government is requesting public support to cap capture pyramid business
The police are requesting the public to come forward with any information regarding individuals and organizations involved in pyramid-style money laundering. By now, there have been reports of pyramid money smuggling in several parts of the island including the southern province, and people are also reporting information about it through social media. It is also reported that there is a racket of obtaining information on people’s credit cards by saying that they will give money through instant methods. However, if the people know information about this, the police request that they inform the computer crime investigation division or the police stations in the respective areas.
Inflation in Sri Lanka-A group of people who tried to migrate out of Sri Lanka illegally are arrested
44 people who were suspected of trying to migrate illegally from Sri Lanka to foreign countries by sea were taken into custody by the Navy in special search operations carried out in the sea area off Trincomalee and in Batticaloa, Waleithottam beach area. The group was arrested in a special operation carried out by the Eastern Naval Command in the sea area off Trincomalee last night. The Navy has taken steps to hand over the arrested people and the vessels where they were staying to the police for further investigation.
Economic Crisis in Sri Lanka-The government decides to sell shares in “Sri Lankan”
Ports, Shipping and Aviation Minister Nimal Siripala de Silva said that it was decided to call for proposals to award 49 per cent shares of the Sri Lankan Catering Company and its administration and 49 per cent of the airport operations and its administration to an investor. The Minister stated this in a press conference held today regarding the restructuring of Sri Lankan Airlines. The minister said that the money received through that will be used to free Sri Lankan Airlines from as much debt as possible. The minister further stated that the total debt of Sri Lankan Airlines is 1.126 billion dollars which is 401 billion rupees.
Inflation in Sri Lanka-The power cut will be limited to 2 hours in Sri Lanka
The Public Utilities Commission has given permission to the Ceylon Electricity Board for a daily power cut of 02 hours and 20 minutes from today (30) to next September 02. Accordingly, electricity will be cut off for one hour during the day for categories A to L and P to w. The Public Utilities Commission announced that electricity will be cut off for 1 hour and 20 minutes in the same areas during the night.
Police seeks public assistance in finding 72 people who entered the President’s office
The police are seeking public assistance in identifying 72 persons who entered the President’s office on 09.07.2022 and damaged its properties. Photos of the suspects have also been released to the media. The police said that if you have any information about the suspects, please call 011 2083049, 0756371563 or 1997 hotline.