Daily Mirror - Sri Lanka - November 18, 2020

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November 18, 2020

DEVELOPMENT BUDGET TO ELEVATE A SHATTERED ECONOMY: PM

The PM called it a development budget for the year 2021. The budget focused on rural economic development while ironing out disparities between the urban and village areas. Prime Minister said the estimated Government Revenue for 2021 will be Rs. 1,961 billion while the total Government expenditure is Rs. 3,525 billion and as such the difference between the revenue and the expenditure is Rs. 1,564 billion. I propose to improve the efficiency of tax collection through the introduction of an online – managed single Special Goods and Service Tax in place of the various goods and service taxes and levies, imposed under multiple laws and institutions on alcohol, cigarettes, Telecommunication, betting and gaming and vehicles.

4 mins

No necessity of locking down entire Colombo district as of now - Army Chief

As of today, we have implemented the best option to prevent a further spread. Presently a majority of patients detected, come from isolated areas

1 min

E-National Identity Card project to be implemented

In a bid to bring all Sri Lankans under one National Registration, the Cabinet that met on Monday (16) gave the green light to implement a Unitary Digital Identify Framework and the ‘e – national identity card’ project.

1 min

Softlogic group pulls off better 2Q amid improved consumer demand

Retail juggernaut Softlogic Holdings PLC recorded improved top-line performance for the September quarter (2Q21) with higher operating profits compared to the previous year, stoked by pent up demand and recovery in the economy after COVID-19 related lockdowns that ended in mid-May.