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Expats remitted US$100 Mn to get 900 EV import licenses

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Labour and Foreign Employment Minister – Manusha Nanayakkara told Parliament yesterday (Dec. 07) that a total of 900 Electric Vehicle import licences have been issued to Sri Lankans who have sent remittances here through legal channels and US$ 100 million has been remitted by persons under this scheme.

Although the President has been informed to extend the time given to issue Letters of Credit related to the import of these vehicles on three occasions, some Finance Ministry officials have not taken the necessary steps in this regard.

The Minister said that there has been some blockage in the issuance of Letters of Credit for importing electric vehicles introduced to Sri Lankan migrant workers.

The Minister emphasized that even though the President and the Cabinet have taken all the decisions in this regard, the relevant officials have not yet provided support to make this a success.

The Minister also said that due to the several activities of the officers of the Treasury, a procedure to extend the issuance of letters of credit has been hindered. Minister Manusha Nanayakkara said this while joining the debate related to the expenditure head of the Foreign Affairs, Labour and Foreign Employment Ministries.

“During the time of former Presidents Gotabaya Rajapaksa and Mahinda Rajapaksa, there was the same group of officials in the Treasury. There are officers who have been in the Treasury for many years. Especially a person named Dr.Kapila Senanayake. In fact, these are the same people who were there at a time when the economy collapsed. They are still taking time to extend the date of opening the Letter of Credit related to importing electric vehicles, especially as they block the benefit to be given to the people who have brought millions of dollars to the country at the time of need. We don’t know what their political agendas are. The President and all of us should pay attention to this matter,”Minister Nanayakkara said.

“Attention should also be paid to how to move the country forward with officials like this. The Cabinet approved tax concessions according to the amount of foreign remittances sent by expatriate workers. It was also decided to give more tax concessions for migrant workers who sent more foreign remittances. But even though the Cabinet has approved these and the Cabinet Gazette being published, the Customs has still been unable to give this tax relief to the migrant workers.

“An affidavit was obtained from every worker leaving Sri Lanka that they would send remittances according to the law. That is how we managed to bring foreign exchange into the country. In addition, even the commission received by foreign employment agencies should be brought through banks. Even investigations were conducted in this regard. What we need to do is to explain the real situation in the country and start doing our own work and start making this change. In this budget too, we have started to make that change”.

“The Leader of the Opposition said about the injustice done to Muslims. We were against it even then. Even though we were in the Opposition, we were against it. Even if we are in the ruling Party today, we condemn the harm done to the Muslim people in accordance with our conscience. It will continue to be the same. We are working to create laws to prevent such things from happening again,”he said.

(dailynews.lk)

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Rains expected in several areas today

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Several spells of showers will occur in the Western, Sabaragamuwa and North-western provinces and in the Nuwara-Eliya, Kandy, Galle and Matara districts today (July 02), the Department of Meteorology said.

A few showers may occur in the Jaffna and Mannar districts.

Fairly strong winds of about 30-40kmph can be expected at times over the Western slopes of the central hills and in the Northern, North-central and North-western provinces and in the Trincomalee and Hambantota districts.

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IMF Executive Board approves Sri Lanka’s 4th review

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The Executive Board of the International Monetary Fund (IMF) completed the Fourth review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw about US$350 million, said Evan Papageorgiou, IMF Mission Chief for Sri Lanka.

This brings the total IMF financial support disbursed so far to about US$1.74 billion.

“The EFF arrangement for Sri Lanka was approved by the Executive Board on March 20, 2023 in an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion). The program supports Sri Lanka’s efforts to durably restore macroeconomic stability by (i) restoring fiscal and debt sustainability while protecting the vulnerable, (ii) safeguarding price and financial sector stability, (iii) rebuilding external buffers, (iv) strengthening governance and reducing corruption vulnerabilities, and (v) enhancing growth-oriented structural reforms.”

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Cabinet approval for online traffic fine payment system – Bimal

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Minister of Transport and Highways Bimal Rathnayake has said that Cabinet approval has been granted to implement an islandwide online traffic fine payment system.

He made this statement during a media briefing near the Kottawa Expressway entrance, following a public awareness programme on mandatory seat belt use for vehicles travelling on expressways.

“The Cabinet approved the proposal today. At present, the online fine payment system is available only between Kurunegala and Anuradhapura. Now, we’re providing all police units with mobile devices, so that from this year, traffic fines can be paid from anywhere via mobile phones… Rather than paying fines, we urge everyone to drive carefully, wear seat belts, and avoid violations. Our core message is simple, travel safely,” the minister has said.

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