No threat to Sri Lanka following quake near Andaman Islands

Opposition warns of a “Sinhalese Wigneswaran” in the South

The joint opposition today warned that a?”Sinhalese Wigneswaran” ?could be formed in the South if the Government remains silent on some incidents taking place in the North. Joint opposition Parliamentarian Udaya Gammanpila said that while everybody talks of reconciliation in the South, the reality is that there is no reconciliation in the North. He said President Maithripala Sirisena had said recently that there was reconciliation in the North but not in the South. Gammanpila accused the Pres

26 Sep, 2016

Wimal appears before the FCID to make a statement

Former Minister?Wimal Weerawansa appeared before the police Financial Crimes Investigations Division (FCID) to make a statement over alleged misuse of government vehicles. The Parliamentarian is accused of misusing Government vehicles when he was the Minister of Housing and Construction.

26 Sep, 2016

Quantum of VAT payment will come down says Finance Ministry

Although the retail and wholesale merchants whose daily turnover exceed Rs.138, 000 will be brought under the threshold for the payment of VAT, in accordance with the proposed VAT amendment Bill, the VAT will really be charged only on the revenue accumulated on the sale of vatable goods, the Ministry of Finance said today. The new amendment to the VAT Act, envisages imposition of 15% VAT, instead of the current 11 %. Though it appears that there is an increase in the rate but in real term the q

26 Sep, 2016