New tax structure on way
Import duty on essentials to be reduced:
The Government is reviewing the entire tax
structure to afford relief to the people in the aftermath of the
war. Treasury Secretary Dr. P.B. Jayasundara told the Daily News
that the whole tax system will be reconsidered on instructions by
President Mahinda Rajapaksa as the Finance and Planning Minister to
fit into the current pattern of consumption and taking into account
the on-going development activities of the country after eradicating
LTTE terrorism.
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Sri Lanka-Bulgaria to strengthen cooperation
President of the Republic of Bulgaria Georgi
Parvanov called on President Mahinda Rajapaksa on November 1 during
a one-day visit to Colombo. During the meeting it was acknowledged
that there are possibilities for further developing bilateral
political dialogue and cooperation in the economic, cultural and
other spheres of mutual interest. It was pointed out that both sides
enjoy excellent cooperation in the framework of the UN and other
international organizations.
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Tea, rubber, coconut earnings top US$ 200b
Providing jobs for over 1.5 million:
Export earnings from the three main crops, Tea,
Rubber and Coconut exceeded US$ 200 billion providing employment for
over 1.5 million people in the recent past, Plantation Industries
Minister D.M. Jayaratne said.
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