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Only 50 Dollars to go to India by passenger ferry!

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Sri Lanka will commence the operations of the passenger ferry service between Kankesanthurai and Pondicherry on April 29, the Ministry of Ports, Shipping and Aviation said.

It said a passenger terminal is currently being constructed at the Kankesanthurai Port to facilitate the ferry service by the Sri Lanka Navy.

Ferry owners have mentioned during a recent discussion that they will be charging 50 US Dollars per passenger for a one-way trip, while allowing a passenger to carry baggage weighing 100kg. 

A ferry is expected to carry 150 passengers at a time and will take around 4 hours to travel from Karaikal Port in Pondicherry to Kankesanthurai.

Minister Nimal Siripala de Silva said that any businessman in India and Sri Lanka can join this passenger ferry service.

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No justification for coconut oil price hike – Coconut Development Authority

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The Coconut Development Authority has stated that there is no valid reason for a price increase of coconut oil in the local market.

CDA chairman – Prof. Roshan Perera has emphasized that there has been no tax hike on imported coconut oil.
Given the sufficient supply of coconut oil for domestic consumption, Prof. Perera asserted that any price increase is unjustifiable.

Additionally, a new regulatory program is being planned to control and stabilize coconut oil prices in the market, he added.

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Coconut oil price upped

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The price of a litre of coconut oil has been increased by more than Rs. 100, the National Consumer Front (NCF) has said.

NCF Chairman Asela Sampath said that the price of a litre of coconut oil has been increased by between Rs. 180 and Rs. 200. 

Accordingly, the current retail price of a coconut oil litre is Rs. 550.

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Registration compulsory for all money changers 

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The Central Bank has issued a notice making it compulsory for all money exchange institutions to be registered with the Central Bank and regulated by it. 

The CB order is in effect from 3 June 2024. 

The Central Bank states that all money changers who are currently not registered will now receive the opportunity to provide such services in a systematic and regulated manner. 

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