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Sri Lanka targets to manage its budget deficit whilst looking for double digit growth in the long term, deputy Finance Minister Sarath Amunugama told parliament here Tuesday. Presenting the current year’s budget proposals, Amunugama said that a deficit target of eight percent of the Gross Domestic Product is being sought and the government expects the [...]

Jun 29, Kilinochchi: Sri Lankan government authorities have salvaged the vehicles left behind by the civilians fleeing from fighting during the height of the war and distributed them to the rightful owners recently.

Gen Fonseka says he is prepared to meet the special panel appointed to advice the UN on alleged human rights violations in Sri Lanka.

Jun 29, Kandy: A Sri Lankan court sentenced former President Chandrika Kumaratunga’s security chief today (29) for four years of imprisonment.

Jun 29, Colombo: The Sri Lankan government today announced that the wage hike for the public sector workers would be granted in the 2011 budget, which will be presented to the House in November 2010.

Jun 29, Colombo: Sri Lanka’s main opposition United National Party (UNP) Hambantota District parliamentarian Sajith Premadasa said the government’s 2010 budget is one that has been formed in an incoherent manner

Jun 29, Colombo: Sri Lanka’s Media Minister Keheliya Rambukwella said the 2010 budget is a reflection of the government’s development path for the next few years.

Jun 29, Colombo: The Sri Lankan government today presented the Appropriation Bill for the 2010 Budget with an estimated Rs. 974.748 billion as expenditure for its services for the remainder of the financial year of 2010.

A protest campaign participated by more than 1500 families of war heroes was held against the decision of the government to collect money from families of war heroes for the houses built under the ‘Api Wenuwen Api’ (A House for…

Tamil political prisoners detained for months under the Prevention of Terrorism Act (PTA) have written to the Pope and the Catholic Bishops in Sri Lanka seeking their intervention for a Presidential pardon or to be released on bail.

The body of a disabled man with severe head injuries was found by the Mount Lavinia police close to the Mount Lavinia police station today. The victim had been bashed to death using a stone late on Monday night by…

Colombo – A former presidential security chief was jailed Tuesday for four years on a conviction of threatening a fellow police officer during an election campaign rally nine years earlier, a court official said.

Although 50 per cent of the total income earned by the CTB is spent on fuel at present, the figure could go up to 60 percent due to irregularities such as bogus technical faults, Deputy Transport Minister Rohana Dissanayake says.

Sri Lanka unveiled plans to slash its budget deficit by the most in eight years and pledged to cut taxes to spur economic growth after a 26-year civil war.

Announcing an emergency budget, Sri Lanka seeks US$2 billion to redevelop the north and hopes for a tourism boom.

Jun 29, Colombo: Sri Lanka Ministry of Education says that plans are underway to grant teaching appointments to all the aesthetics graduates who are now in the job queue.

Jun 29, Colombo: Sri Lanka opposition legislators strongly protested the government today towards the end of the budget speech delivered by the Acting Minister of Finance Dr. Sarath Amunugama.

COLOMBO, Sri Lanka - Sri Lanka has retained much of its heavy defence budget this year more than a year after ending the country’s civil war, the government said Tuesday.

Sri Lanka has retained much of its heavy defense budget this year more than a year after ending the country’s civil war, the government said Tuesday.

(Lanka-e-News 29.June.2010 5.20PM -An Article from AHRC)) For many decades now, international journalists have interpreted every story that has emerged from Sri Lanka

(Lanka-e-News, June 29, 2010, 5.20 PM) The relatives of the soldiers who are beneficiaries of houses from the Govt. staged a demonstration yesterday…

Sri Lanka plans to enact the biggest budget-deficit cut in eight years and signaled it would slash personal and company taxes to accelerate economic growth after a quarter century of civil war.

Jun 29, Colombo: The Deputy Minister of Finance and Planning Dr. Sarath Amunugama was sworn in as the acting Finance Minister by President Mahinda Rajapaksa this morning, government sources said.

Acting Fin Min Amunugama concludes speech for ‘transitional’ budget for 2010; budget deficit to fall to 8% in 2010 from 9.9% in 2009-JNW

The Sri Lankan government denies reports that it is forming an “alliance” with the “rump” of defeated Tamil Tigers rebels.

Tamil National Alliance (TNA) Jaffna district parliamentarians informed visiting British Acting High Commissioner to Sri Lanka, Mr. Mark Gooding Monday, that the resettled civilians in Vanni are harassed by occupying Sri Lanka Army (SLA) soldiers according to several complaints they had received from the resettled civilians in Vanni, sources in Jaffna said. TNA parliamentarians Mavai [...]

State sector salaries to be increased in budget in November; salary bill for 2010 up to Rs 296 bil from Rs271 bil in 2009-Min Amunugama-JNW

COLOMBO, June 29 (Reuters) - Sri Lanka’s 2010 budget forecasts a deficit of 8 percent versus 9.9 last year, against total expenditure of 1.28 trillion Sri Lanka rupees ($11.27 billion), a copy of the document released on Tuesday said.

Sri Lanka’s new government is set to unveil its first budget on Tuesday that will seek to rein in the island’s large deficit while maintaining defence spending, a legacy of the island’s civil war.

Investment in infrastructure is ongoing to make Sri Lanka the new economy in Asia, says acting Fin Min Amunugama presenting budget-JNW

The president of Sri Lanka has vowed to resist international calls to investigate war crimes allegedly committed during the country’s decades-long civil conflict.

Colombo, Jun 29 (AP) Sri Lanka has imposed a temporary ban on its cricketers playing in foreign leagues to help it select a squad for next year’s World Cup, an official said.

(Lanka-e-News, June 29, 2010, 9.10AM) UNP M P Gayantha Karunatileke addressing a Press briefing yesterday (28) at the UNP media unit said, the UNP is opposed to….

Jun 29, Colombo: Sri Lanka plans to use Satellite Technology to conserve the coastal areas of the country, according to the Deputy Minister of Port and Aviation Services Rohitha Abeygunawardana.

Jun 29, Colombo: The Deputy Minister of Finance and Planning Dr. Sarath Amunugama was sworn in as the acting Finance Minister by President Mahinda Rajapaksa this morning, government sources said.

Jun 29, Batticaloa: The United Nations refugee agency, UNHCR is closing its office in Batticaloa of Sri Lanka’s Eastern Province as normalcy has returned to the war-ravaged region and most of the displaced have returned to their homes or resettled.

Sri Lankan Director of National Intelligence, Major General Kapila Hendawitharana, the longest serving intelligence officer of the military, is in charge of the covert and overt programme of dividing and conquering the Tamil diaspora, alludes British Tamil doctor Velauthapillai Arudkumar, who visited the island recently as part of a ‘Tamil diaspora visit’ organised by Colombo [...]

Jun 29, Chicago: Chicago Buddhist Temple and the Sri Lankan Community in Chicago and suburbs of Illinois organized a Poson festival on June 26th at Naperville Unitarian Church.

Sri Lankas budget will aim to cut the fiscal deficit and provide incentives for investments, Deputy Finance Minister Sarath Amunugama said, as the island nation seeks faster growth after the end of a 26-year civil war.

Sri Lanka`s president vowed to resist international calls to investigate war crimes allegedly commit..

Singapore, as is well known, brooks no nonsense where the rule of law is concerned. Whatever its cri..

Sri Lanka`s economy expanded 7.1 percent during the first quarter of this year, the statistics offic..

Trade union leaders have urged the government to ensure that, garment sector workers don t get affec..

Inability to differentiate between politics and education has pushed Sri Lanka s university educatio..

Navy Commander Vice Admiral. Thisara Samarasinghe said yesterday that the Sri Lankan and Indian Navi..

The Island spoke to External Affairs Minister G.L.Peiris yesterday to get his comments on the Europe..

Jun 29, Washington, D.C.: The Executive Board of the International Monetary Fund (IMF) Monday (June 28) completed the second and third reviews of Sri Lanka’s economic performance under a program supported by a Stand-By Arrangement (SBA) and approved an immediate disbursement of US$ 407.8 million.

IMF approves disbursement of $407.8 mil to Sri Lanka & completes 2nd & 3rd reviews; says economy likely to show strong growth-JNW

State sector employees are likely to receive only one thousand rupees
as salary increase with effect from July. The Budget that is to be
presented in parliament Tuesday afternoon by the Prime Minister
D. M. Jayaratne is to reveal the salary increase, sources in Colombo said.

The body of a fifty-seven-year-old Muslim fisherman, father of five
children ,was recovered Saturday early morning from Kaaththaankudi
lagoon in Batticaloa district. He has been identified as Abdul Rahuman
of Kaangkeayanoadai village, police sources said.

Sri Lanka cricket officials have imposed a temporary ban on players participating in foreign leagues to help select a squad for next year’s World Cup.

The Jathika Hela Urumaya (JHU), a constituent of the United Peoples
Freedom Alliance (UPFA) government led by Sri Lanka President Mahinda
Rajapakse, Monday morning held a protest march starting from the premises of
the All Ceylon Buddhist Congress (ACBC) to the United Nations office
located at Buddhaloka Mawatte in Colombo against the appointment of
Experts Panel by the UN [...]

(Lanka-e-News, June 28, 2010, 4.55PM) The Colombo Fort Magistrate Ms. Lanka Jayaratne ordered that Gen. Sarath Fonseka M.P. who is in Army custody should in future be brought to Courts by…

(Lanka-e-News 28.June.2010 11.55PM) Martin Nesirky , the spokesman for the UN Secretary General , stated it is up to the Advisory panel…

(Lanka-e-News 28.June.2010 11.55PM) I wish to draw your Excellency’s attention to a letter under the caption “When Rev. Small sent Rajapakse…

Sri Lankas budget will aim to cut the fiscal deficit and provide incentives for investments, Deputy Finance Minister Sarath Amunugama said, as the island nation seeks faster growth after the end of a 26-year civil war.

Sri Lankas budget will aim to cut the fiscal deficit and provide incentives for investments, Deputy Finance Minister Sarath Amunugama said, as the island nation seeks faster growth after the end of a 26-year civil war.

The continuity of the strong relations between India and Sri Lanka is essential for the mutual benefit of both nations. There were external pressures made against Sri Lanka and India supported us at those periods, Prime Minister D.M. Jayaratne said.

Dharamsala, May 5: Sri Lanka, a key Buddhist nation, had stopped its national cricket captain Kumar Sangakkara and another player from calling on His Holiness the Dalai Lama out of fear that a meeting would anger China, media reports said Tuesday.