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Friday, 30 October 2009

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News: Treasury debentures in lieu of lost property ...        Political: SP on fast track to progress ...       Business: ‘Sri Lanka can face the GSP+ risk’ ...        Sports: Sanath can play a vital role -Asantha ...

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 President visits Nepal : President Mahinda Rajapaksa and first lady Shiranthi Rajapaksa arrived at the Tribuwan International Airport in Nepal for a two day official visit yesterday. They were welcomed by Deputy Prime Minister and Foreign Affairs Minister Sunetra Koirala at the Airport. Picture by Sudath Silva


President tells UPFA Southern Provincial Councillors:

SP on fast track to progress

President Mahinda Rajapaksa noted that the Southern Province as a whole was on the fast track to development with mega projects and infrastructure facilities being implemented. He instructed the newly elected Councillors to support these endeavours and fulfill the aspirations of the people in the area by working as a team.

 

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Treasury debentures in lieu of lost property

The Government has decided to give treasury debentures with a higher interest rate of 13.5 percent which matures in two and half years to property owners whose properties were acquired for road development and construction work instead of granting monetary compensation.

 

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GSP+ issue:

Revision possible after six months - CB Governor

In the event that the European Council decides not to extend the GSP plus facility to Sri Lanka a revision can take place within a six month period, Central Bank Governor Ajith Nivard Cabraal told a media briefing at the Central Bank yesterday.

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‘A small fraction of students involved in ragging’ :

VC sees nexus between strikes, ragging

Peradeniya University Acting Vice-Chancellor Prof. Anura Wickramasinghe said there is a clear connection between the ongoing strike wave in the country and ragging incidents in universities. “There seems to be a hidden agenda to bring undergraduates onto the road after closing the universities. However, the Peradeniya University will not be closed under any circumstances,” the Professor said.

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‘Sri Lanka can face the GSP+ risk’

With proper focus and preparation Sri Lanka can face the GSP+ risk and the Government has already taken necessary steps to manage this risk, Central Bank Governor Ajith Nivard Cabraal said at a media briefing on “ GSP+ Scheme and Sri Lanka from a risk management perspective” at the Central Bank yesterday.

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