UK voted to leave: What happens now?

Britain has voted to leave the European Union, with the Leave campaign securing around 51.8 per cent of the vote. The UK has been a member of the European Union (and its precursors) since 1973, and the British government now faces the gargantuan task of unraveling decades of legislation, treaties and deals between the UK […]

Major Projects – Sri Lanka Budget 2016

Ministry of Buddha Sasana Sacred Area Developments – 100mn – Construction of 100 temples. Renovation of 33 temples. Vidyalankara International Buddhist Center-Kelaniya – 300mn – Completion of the conference hall. Redevelopment of under devloped Dhamma Schools – 100mn – Plan to develop 500 Dhamma schools in 2016. Allocated Rs. 200,000 for each Dhamma school. Renovation […]

Common pension scheme for Sri Lanka

All elderly in Sri Lanka should have access to at least one reliable, affordable and adequate pension, economists said. “An adequate pension is essential to ensure income security for elderly, without being dependent,” Nisha Arunatilake of Institute of Policy Studies of Sri Lanka said. She was speaking at the National Pensioners Day Symposium themed “Towards […]

Sri Lanka Budget 2016 – Review

Sri Lanka’s Budget proposals for the next year presented in parliament by the Minister of Finance Ravi Karunanayake has proposed several concessions to the public and industries. “The progressive tax rates applicable to individuals will be removed by increasing the tax free allowance to Rs 2.4 million per year (Rs 200,000/- per month) and any […]