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Additional incentive for foreign exchange !

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A new incentive scheme has been introduced for foreign exchange sent by Sri Lankan expatriate workers using official channels.

The Central Bank of Sri Lanka (CBSL) has announced that an incentive of Rs.1,000 will be granted for every remittance of Rs. 20,000 or more in a single transaction by expatriate workers.

According to the Central Bank, the incentive is granted to reimburse the transaction cost which is levied from expatriate workers by licensed banks or remittance-receiving agents.

The Central Bank noted that the incentive scheme is applicable only to remittances received to Rupee Accounts maintained at licensed banks and over-the-counter cash receipts.

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Policeman shoots himself dead

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A police sergeant shot himself near the Kotawila Court complex, using his service firearm.

The deceased is a 52-year-old sergeant attached to the Kotawila Police Station.He had killed himself at the police post of the Kotawila Court Complex after returning to work from a prolonged sick leave.

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Political parties to be briefed on Regulation of Election Expenditure Act

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The Election Commission of Sri Lanka has decided to brief all political parties on the Regulation of Election Expenditure Act.

Chairman of the Commission – R. M. A. L. Ratnayake explained that the discussion will be held today (Feb. 27) and on March 06 as the upcoming elections will be the first to be held since the Act was passed.

According to the Regulation of Election Expenditure Act, all expenses incurred for the purpose of elections and campaigns must be limited, he noted.

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This week’s Cabinet decisions

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A number of decisions have been taken at the Cabinet meeting held yesterday (Feb.26).

The decisions taken by the Cabinet of Ministers are as follows:

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