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Inland Revenue and Appropriation Acts to be amended in line with debt restructuring

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The Inland Revenue Act and the Appropriation Act would be amended in line with the domestic debt restructuring strategy, State Minister of Finance Ranjith Siyambalapitiya told journalists at Ruwanwella on Sunday.

Siyambalapitiya was talking to journalists about the next steps to be taken by the government after Parliament approved the domestic debt restructuring programme on Saturday.

The State Minister said the Central Bank (CBSL) would publish the decisions reached on Saturday through advertising in the media.The government would also hold discussions with heads of pension funds affected by domestic debt restructuring, he said.

Siyambalapitiya said there was space for further revisions in the domestic debt restructuring strategy following discussions.The state minister added that the Inland Revenue Act and the Appropriation Act required amendments in line with the restructuring strategy.The resolution on domestic debt restructuring was passed in Parliament with amendments on July 1 with a majority of 60 votes, 122 votes in favor and 62 votes against.



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Indian Prime Minister Shri Narendra Modi arrives at the presidential secretariat

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Indian Prime Minister Shri Narendra Modi, who arrived in Sri Lanka on the invitation of President Anura Kumara Disanayake on Friday [04] night, visited the Presidential Secretariat this morning (05).

The Indian Prime Minister was warmly welcomed by President Anura Kumara Disanayake upon his arrival at the Presidential Secretariat.

Prime Minister Modi is currently on a state visit to Sri Lanka, reaffirming the theme  “Friendship of Centuries — Commitment to a Prosperous Future” which symbolises the longstanding ties between Sri Lanka and India. The Indian Premier is scheduled to remain in the country until tomorrow (06).

[PMD]

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Indian PM receives warm welcome

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President Anura Kumara Dissanayake welcomes Indian Prime Minister Narendra Modi at Independence Square this (05) morning

The official welcoming ceremony for Indian Prime Minister Narendra Modi, was held this morning (05) at the Independence Square in Colombo.

On arrival at the Independence Square the Indian Prime Minister was warmly welcomed by President Anura Kumara Disanayake.

 

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INS Sahyadri arrives at Port of Colombo

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The Indian Naval Ship (INS) Sahyadri arrived at the Port of Colombo on a formal visit on Friday [04 Apr 25]. The visiting ship was welcomed by the Sri Lanka Navy in compliance with naval traditions.

INS Sahyadri is a 143m long Frigate manned by a crew of 320 and the ship is commanded by Captain Rajat Kumar.

During their visit to the crew of INS Sahyadri will participate in events hosted by the Sri Lanka Navy, aimed to strengthen bilateral ties. They will also visit several tourist hotspots across the country.

Concluding the visit, INS Sahyadri is scheduled to set sail from Colombo on 07 Apr

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