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Customs revenue drops by 12% due to import restrictions

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The government has paid attention to remove import restrictions imposed on a number of goods including medicines and household appliances required by several industries,
State Minister of Finance Ranjith Siyambalapitiya said.

He expressed these views after a discussion held at the Customs Headquarters yesterday (18). The revenue of Customs in the first quarter was also discussed during the meeting.

The state minister said that a thorough study is being conducted with the Economic Research Department of the Central Bank regarding the removal of restrictions on these goods.

He said that although a target of Rs.270 billion had been given to the Customs for the previous quarter, the revenue was 12 percent less than the expected amount mainly due to import restrictions.

In 2021, 485 goods including vehicles were restricted from importing while 750 items were restricted from importing in 2022. The state minister said the decline in the value of the US Dollar in March also led to the inability to reach the revenue targets.

The state minister said that they hope to introduce methods like digital technology to the Customs, and update the Customs codes in the future. “This will help successfully overcome upcoming challenges,” he said.

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Senior female cops stuck in same post for years

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A statement from the Parliament of Sri Lanka has revealed that there has been injustice to police officers in the promotion of the Sri Lanka Police Service.

This was revealed when the ‘Select Committee of Parliament to look into and report to Parliament its recommendations to ensure gender equity and equality with special emphasis on looking into gender based discriminations and violations of women’s rights in Sri Lanka’ met in parliament recently, it added on Facebook.

MP Dr. Sudarshini Fernandopulle is the chairperson of this Select Committee.

It had been  disclosed that there are 92 female chief inspectors who have completed twenty-six years of service and completed four years in the position of chief police inspector, but no specific system or vacancies have been identified regarding their promotion.

The statement added that the method of recruitment of these female officers, and the salary level is the same as the male officers and the training is done together in the same training school without any difference, the deployment after the training is done in the same way without any difference, while the  the method of retirement is also the same.

However, aggrieved police officers pointed out that there is no problem related to promotions to male officers, and only female officers have issues related to vacant positions.

The Parliament of Sri Lanka said that during the committee session it was disclosed that a remedy for this issue not been prepared so far, and for that reason, female officers have to stay in the same position for a long time while male officers with less seniority are promoted.

Furthermore, to avoid this situation of concern, since more than 15% of the Sri Lanka Police are female officers, it was proposed to create vacancies for 15% female representation in all positions.

The Committee Chair recommended to the Secretary of the Ministry of Public Security that 15% of the total force of the Police Service is currently employed by female officers, so that 15% of the available vacancies should be reserved for female officers to solve this problem.

(News 1st)

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Egg prices on the rise again

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Egg prices in the local market have been increased despite the festive season being just around the corner.

Although the price of an white egg was around Rs. 40 – 42 in the last week of November, it rose to Rs. 44 – 46 last week before increasing again to Rs. 55 – 60.

The price of a white egg and brown egg at the Narahenpita Economic Centre is priced at Rs. 50 and Rs. 52 respectively.

It is speculated that the prices will continue to spike, resulting in the price hike of bakery and confectionary products.

Experts in the field allege that Trade Minister – Nalin Fernando’s short sighted decisions are to be blamed for his.

The minister had recently halted egg imports from India, stating that the local egg industry has been stabilized.

However, experts say that the minister had initially imported eggs when the demand was low and had left the local market to depend entirely on the local market when the demand was at its peak, to secure another future chance to import eggs from India.

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Parliament votes to debate VAT bill today

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The Sri Lankan Parliament has voted to debate the Value Added Tax (Amendment) Bill on today (Nov. 11).

The ruling party proposed that the VAT (Amendment) Bill be taken up for debate today, following the third reading of the appropriation bill.

However, as the opposition rejected the government’s move, the Speaker of parliament decided to call for a vote on whether the VAT (Amendment) Bill will be taken up for debate today.

Accordingly, a vote took place shortly after 9:30 am, with 92 votes in favour, 41 votes against and 01 abstention.

Earlier, the Sri Lanka Freedom Party (SLFP) in a statement announced that they will vote against the VAT Bill.

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