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ADB President commends SL & pledges further support

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Foreign Minister Ali Sabry met with the President of Asian Development Bank, Masatsugu Asakawa yesterday (02) in Seoul, Republic of Korea during the 56th Annual Meeting of the ADB.

The Minister expressed Sri Lanka’s gratitude for the excellent partnership and cooperation extended by the Asian Development Bank during a challenging period for Sri Lanka and for supporting the country’s recovery process.

Whilst conveying the best wishes of President Ranil Wickremesinghe, Minister Sabry further sought technical support and financial assistance from the ADB in the spheres of digitalization, agriculture, renewable energy, and financial sector stability.

The ADB President expressed his appreciation for the encouraging work Sri Lanka has done so far to avert a greater crisis and for laying a strong foundation for the country’s recovery.  The ADB President pledged to continue engagement with Sri Lanka with renewed vigour in a variety of areas.

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Concessionary vehicle import permits granted to retired government & judicial officials

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Senior government and judicial officials who have retired on completion of 60 years of age and those who were sent on compulsory retirement without extension are eligible to obtain a vehicle import permit under concessionary rates of duty.

This was according to a circular issued by the Public Administration, Home Affairs, Provincial Councils and Local Government Ministry.

Officers who have retired on completion of 60 years of age during the period from extending the age of compulsory retirement to 65 years and reducing the age of compulsory retirement to 60 years introduced by the Ministry in 2022 are eligible for the permits subject to other requirements as set out in the regulations.

The decision to grant vehicle import permits for retired senior government officials came following a Cabinet decision on March 11.

Among the eligible officials are retired officials from Class I of an All Island Service or a Departmental Service, Special Grade of Government Registered and Assistant Medical Officers’ Service, Government Dental Surgeon in Grade I and retired senior judicial officers.

The circular dated April 25 was issued by Secretary to the Ministry Pradeep Yasarathne. The Secretary was unavailable for comment yesterday.

(sundaytimes.lk)
(Except for the headline, this story, originally published by sundaytimes.lk has not been edited by SLM staff)

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SLC doubles test players’ payments to boost morale

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Sri Lanka Cricket (SLC) has announced a significant increase in payments for Sri Lanka’s Test players, effectively doubling their compensation.

The decision, made by SLC, is aimed at fostering greater enthusiasm among Test players and emphasizing the importance of Test cricket, the governing body stated.

The increased payments will be implemented based on the match contracts of each player, in accordance with SLC guidelines.

As a result of this adjustment, the total payment for a Test player per international match will now amount to approximately USD 15,000, which is around Rs. 4,450,000.

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India to cover tax costs for Sri Lanka-India passenger ferry service

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The Government of India has decided to bear the cost towards applicable taxes and other charges to the tune of over LKR 25 million per month for a period of one year for the passenger ferry service between Nagapattinam in India and Kankesanthurai (KKS).

The passenger ferry service, which was launched in October 2023 by the Shipping Corporation of India (SCI), will tentatively resume on May 13, 2024. It will be operated by a private operator, IndSri Ferry Services, selected by SCI in consultation with the Government of Sri Lanka (GOSL).

In order to make the service affordable and attractive for passengers, the Government of India has decided to bear the cost towards applicable taxes and other charges to the tune of over LKR 25 million per month for a period of one year.

Similarly, the GOSL has reduced the deviation tax currently charged from passengers leaving Sri Lanka by passenger vessels and ships.

It should be recalled that the Government of India has also extended a grant assistance of USD 63.65 million to the GOSL for the rehabilitation of the KKS Harbour, which was earlier envisaged to be undertaken under a Line of Credit.

(dailymirror.lk)
(Except for the headline, this story, originally published by dailymirror.lk has not been edited by SLM staff)

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