The Chairman of the Committee on Public Finance, MP Dr. Harsha de Silva stated that both the Undial system and the Hawala system are not illegal in Sri Lanka. He made this statement while presenting several proposals in Parliament yesterday (08).
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Sri Lanka will focus on stronger recovery this year after the island nation posted real GDP growth of 5% in 2024, the highest in seven years, its central bank chief said on Wednesday, hoping to accelerate a rebound from its worst financial crisis in decades.
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The Chairman of the Committee on Public Finance, MP Dr. Harsha de Silva stated that both the Undial system and the Hawala system are not illegal in Sri Lanka.
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The Cabinet of Ministers has greenlighted the proposal to implement the Pledge Loan Scheme provided to small and medium scale paddy mill owners for purchasing paddy as an annual proramme.
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Sri Lanka Customs is poised to make history, nearing an unprecedented revenue target of Rs. 1.5 trillion in 2024, marking a significant achievement for the Department and the country’s economy.
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Successive Sri Lanka governments have implemented 179 projects during the past 33 years with Asian Development Bank (ADB)
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The government is formulating a mechanism to provide relief to depositors who had to pay 10 percent withholding tax whereas they earn less than Rs. 150,000 deposit interest a month,
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The Ministry of Digital Economy has announced the introduction of a special programme to promote digital payments.
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An organized group is once again deceiving the public on a large scale, as evidenced by a sharp increase in financial fraud complaints during the Christmas and New Year season,
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Public sector lender Indian Bank Ltd. said the financial intelligence unit of the Central Bank of Sri Lanka (CBSL) has imposed a monetary penalty of Rs. 2 million (INR 5.85 lakh) on the bank for failing to comply with the provisions of Sri Lanka’s Financial Transactions Reporting Act. The penalty pertains to non-conformity with the regulatory framework under the FTRA …
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