Daily News Online
 

Saturday, 29 August 2009

News Bar »

News: STF battle criminal gang ...        Political: SPC election on October 10 ...       Business: Big demand for spices in world market ...        Sports: Sri Lankans well set for Series win ...

Home

 | SHARE MARKET  | EXCHANGE RATE  | TRADING  | SUPPLEMENTS  | PICTURE GALLERY  | ARCHIVES | 

dailynews
 ONLINE


OTHER PUBLICATIONS


OTHER LINKS

Marriage Proposals
Classified
Government Gazette

Citizens' mail

 

Nation Building Tax

I quote below the following particulars in respect of the above tax for due compliance:

Rate

It was fixed at 1 percent on February 1, 2009 and was increased to 3 percent on May 1, 2009. Further 66 2/3 percent of this tax is disallowed for tax purpose with effect from May 1, 2009. Therefore at the present company taxation rate of 35.525 percent (Including SRL), this NBT of 3 percent with 2 percent disallowed for income tax purpose is equivalent to an effective rate of 4.102 percent.

Input claim plant and machinery

An exporter who imports plant and machinery to manufacture goods to be exported is liable to pay NBT at Customs. He cannot claim NBT input, as there is no NBT output liability on export turnover.

A manufacturer who imports plant and machinery to manufacture articles could claim NBT input like raw materials.

A manufacturer who purchases plant and machinery from another manufacturer to be used to manufacture articles could claim NBT input in respect of plant and machinery provided they are manufactured in Sri Lanka (Not imported).

I suggest the public at large to obtain clarifications from tax consultants and act accordingly.


July

A very appropriate editorial in the Daily News on July 31, 2009 was read with much thoughts and I think this may be read by most of the readers too.

As described in the editorial there are many incidents and events that had taken place during the month of July. The first Woman Prime Minister of the World Sirimavo Bandaranaike was elected in the month of July 1960. And as mentioned in the editorial the worst horrifying incident in the history of Sri Lanka took place in the month of July 1983. It is called Black July. And also the administration of the country was totally disrupted as a result of 1980 July strike. The peace accord initiated by India was signed in the month of July 1987. And as a result of this, the country plunged into serious trouble and Indian Army was deployed in the North. The riffle assault on the Indian Prime Minister Rajiv Gandhi in Sri Lanka was a much talked incident in the world in the month of July 1987.

It is the month associated with bloodshed and mayhem in the country. Most of the incidents were not in favour of the country's development. As these incidents took place on the month of July the country suffered most.

In the meantime every year in this month we have most sacred festivals in the country. First it is the Dalada Pageant in Kandy and Esala Festival in Kataragama. And for the Catholic, it is Madhu Festival in this month.


Significance of Ramadhan

Ramadhan in Islam, the ninth month of the Muslim calendar, during which all Muslims must fast during the daylight hours. Indulgence of any sort is forbidden during the fast. There are only a few who are exempt eg: soldiers fighting in the cause of defending Islam, the sick and the young. Because of the purely Lunar calendar Ramadhan falls in different seasons.

The final day of Ramadhan Id ul Fitr is celebrated by a day of feasting.

The first revelation of the Holy Quran is commemorated in this month.

As an act of atonement Muslims are required to observe fasting and abstain from sexual activity during the daytime of Ramadhan.

Therefore all Muslims should observe fasting throughout this month of Ramadhan. As a result of fasting, we experience hunger and thirst of the poor people and develop a sympathetic attitude to the destitutes who lack food to eat.

Therefore, the rich Muslims should give charity to the poor Muslims in this month.


Raja Kaduwa

I watched the Raja Kaduwa program which was telecast on a private TV channel on August 16 wherein the English teacher made the following statements:

1. Let bygone be bygone - whereas it should be 'Let bygones be bygones'

2. Union is strength - whereas it should be 'Unity is strength.'

May I suggest that the English teacher concerned brushes up his English before expounding to his students.


Adults only films taboo for teenagers

Adults only films are a taboo to the teenagers. Our Minister of Education Susil Premajayantha has taken the right action in the right direction.

He has ruled that teenagers should not watch adults only films. Of course, this is a wise welcome decision.

Naturally teenagers are tempted to watch such films primarily because of their tempting age. As such we, elders should wisely guide them and direct them.

Our children get corrupted. Teen age is a critical age, they naturally fall a prey to these tempting scenes due to their sexual urge - a natural urge at this stage.

Parents are helpless in preventing their children from watching these films. Certain elements resort to such law, base methods to seduce the young minds to boost their business. So now our Minister has come to our rescue - rescue of the parents. Parents are much relieved. We as parents offer our praises and plaudits to Minister for having taken this welcome step which would lead to the creation of decent society.

We are thankful to the Minister and media which have given wide publicity to this ruling.


The Indian flag

I refer to an article written by A.D. Abeyweera on the Indian flag, sometime back.

Although he had written in great detail about it's meaning he had not mentioned its source and history.

The various colours symbolize peace etc. The wheel depicted in the centre is the Asoka-Chakra or the Dhamma-Chakra which is a part of the Lions-symbol obtained from the Varanasi, Saranath, Asokan temple. I got these details from the Indian High Commission.


Schoolbags

There had been several views aired in the print media over a long period of time on the subject of burdening schoolchildren of carrying heavy schoolbags containing all the textbooks, exercise books and other requisites in the schoolbags. But very unfortunately the schoolchildren had suffered all this long as the matter had remained unresolved.

I believe that the educational authorities have not bothered to solve this simple matter of highest priority and it had remained unresolved causing the schoolchildren to be burdened and suffered over this issue.

Due to carrying heavy bags many children over a length of time have found it difficult to stand erect due to hunchbacks. The blame for this pathetic physical ailment should be borne by all high educational authorities who have failed to bring about an easy solution. The educational authorities headed by the Education Minister has so many provincial, regional offices where there are hundreds of officials and school principals and it is very pity that a solution for this much talked topic has been allowed to remain unresolved.

It is pertinent to mention that although all textbooks and exercise books are carried in the schoolbags only a very negligible amount of books are used in the classroom. It is very surprising that this very important matter had dragged on without being amicably settled. It is learnt that very soon this matter is going to end with the introduction of a 'magical' schoolbag to ease the burden of the children who have suffered to date. Anyway whoever who is introducing it, it has to be done expeditiously.


Clean up Police Department

The police is not there to serve and protect but to show their big assumed ego and aggressiveness to the public. Most have not learnt to address the public in a decent way. No decent citizen likes to visit a police station for anything.

These people work with the impression that everyone who comes there is a criminal.

Almost everyone, get their due from the butcher, wine store owner etc. free of charge. These are known facts.

Its time to clean up this department without shuffling the weaknesses under the carpet. Police Department is a very important place for the good health of a country.

 

EMAIL |   PRINTABLE VIEW | FEEDBACK

www.lanka.info
www.news.lk
www.defence.lk
Donate Now | defence.lk
www.apiwenuwenapi.co.uk
LANKAPUVATH - National News Agency of Sri Lanka
www.peaceinsrilanka.org
www.army.lk

| News | Editorial | Business | Features | Political | Security | Sport | World | Letters | Obituaries |

Produced by Lake House Copyright © 2009 The Associated Newspapers of Ceylon Ltd.

Comments and suggestions to : Web Editor