Day: March 5, 2019

Budget 2019 : Luxury vehicle taxation

The budget proposal of 2019 has imposed luxury taxation on motor vehicles. The budget states that the taxes are to be imposed on Cost Insurance Freight(CIF) value.



Full Budget Speech – 2019

The Budget 2019 was tabled in Parliament today at 2.00 PM by Finance minister Mangala Samaraweera.



Cabinet approves 2019 Budget proposal

Cabinet has given its approval for the 2019 budget. The cabinet meeting was held this morning chaired by President Maithripala Sirisena at the Presidential secretariat.



Trump plans to scrap preferential trade treatment for India

U.S. President Donald Trump looked set to open a new front in his trade wars on Monday with a plan to end preferential trade treatment for India that allows duty-free entry for $5.6 billion worth of the country’s exports to the United States.



Suspect arrested with Rs. 500 million diamond from Pannipitiya robbery

A suspect has been arrested at Keselwatte, Panadura along with a diamond valued at around Rs 500 million believed to have been stolen in Pannipitiya last year.



MR warns public not to fall for polls ‘gundus’ in today’s budget

Former President Mahinda Rajapaksa, yesterday, warned the public not to be fooled by today’s budget. He said that there would be a number of election ‘gundus’ therein.



Rs.10 billion from budget to buy stents and lenses – Rajitha

It is proposed to obtain Rs. 10.5 billion from the budget to purchase heart stents, eye lenses etc, Health Minister Dr. Rajitha Senaratne said.



Big expectations on Budget 2019

Finance Minister Mangala Samaraweera will today present the Government’s Budget for 2019 under the theme ‘Empowering the People, Nurturing the Poor,’ which will set critical policies and priorities for an election year.