The Indian government has got Sri Lanka’s support in its efforts to curb import of arecanut. During her visit to Sri Lanka on September 26-27, Union Minister of State for Commerce Nirmala Sitharaman got an assurance from Sri Lanka in this regard.
Perpetual Treasuries Limited, the controversial primary dealer connected to the family of the former Central Bank Governor, Arjuna Mahendran, has made an after-tax profit of Rs.5.1 billion for the year ended in March 31, 2016
India will invest up to $2 billion in Sri Lanka over the next four years in a range of sectors including real estate, energy and infrastructure, its Commerce and Industry Minister Nirmala Sitharaman said on Tuesday.
Proposed Public-Private Partnership (PPP) mechanism will attract more foreign investors especially to the infrastructure development sector thereby easing the government’s current budget constraints, said Minister of Finance Ravi Karunanayake.
The International Monetary Fund (IMF) appears to be hounding Finance Minister Ravi Karunanayake in the wake of multiple blunders in attempting to pass the Value Added Tax (VAT) Bill, increasing the taxation rates in recent months.