Opposition MP Eran Wickramaratne submitted a private members Bill to amend the Value Added Tax (VAT) Act, No 14 of 2002 to transfer the powers vested in the Minister of Finance to Parliament, Friday.
The new bill proposes that any order made by the Minister of Finance shall come into force only
As per the President's recommendation, Opposition Parliamentarian Dr. Harsha De Silva has been appointed as the new Chairman of the Committee on Public Finance.
"Standing orders should be followed when appointing chairmen of committees and advisory bodies. According to the existing standards, th
As the micro, Small, and medium scale Enterprises (mSmE) sector has been among the most affected sectors in the economy during the recent and ongoing economic crises, the government should take a policy decision to facilitate the continuation of the moratorium given to them in the past said Eran Wic
The Asian Development Bank (ADB) has approved the eligibility of Sri Lanka to access concessional financing. The availability of concessional assistance, offered at low interest rates, broadens Sri Lanka’s options to bridge its urgent development financing needs to restore economic stability and del
In a bid to address the foreign exchange crisis in Sri Lanka and ensure a steady supply of fuel, the Ministry of Power and Energy has taken decisive action. Accordingly, an agreement was signed today at the Presidential Secretariat, between the Government of Sri Lanka and RM Parks Inc., a prominent