Connect with us

News

Govt. squeezing the life out of people: Prof. Janak

Published

on

Any government in the world uses taxes as a main way to secure its income but we are very careful when talking about the Inland Revenue Act and related income and expenses, Professor Janak Kumarasinghe of the Business Studies Department at Sri Jayewardenepura University said.

He said that the imposition of new taxes will affect employment and unemployment, the income and expenses of a business and the consumption of the general public in the country.

Commenting further, he also said the government is trying to tell the world to downgrade the country’s status from lower middle income to low income.

“The government that tries to portray Sri Lanka as a poor country to the world is working hard to collect maximum taxes from the poor in the country. This shows a complete contradiction in managing the economy. If we are poor, the government should work actively to boost the economy and create new investment opportunities. Taxes have been imposed instead depriving even the opportunities given to start new businesses. More taxes discourages new businesses. This economy, which has not enabled new income generating avenues, has imploded.”

“A negative economic growth causes further collapse and shrinking of the economy. This is like squeezing people’s life out of them and telling them to breathe at the same time. What the government should have done was to create new sources of income. Government revenue should be increased while expenditure related to fiscal policy should be reduced. However, the government has focused only on increasing revenue without paying attention to cutting costs. People who are responsible for this crisis have placed the burden on the people. We can see that they are trying to stay in power in the future by placing all the burden on the people and by rescuing those who have committed fraud and corruption.” he said.

Continue Reading

News

Student caught selling moonshine at school

Published

on

By

A student of a popular school in Kalawana, has been nabbed for selling moonshine at his school.

Upon being discovered by a teacher, he had been handed over to the Kalawana police. 

Police say that the Grade 09 student had brought moonshine into the school in his water bottle and sold cups of it to older students.

He had been released after being strongly warned.

Continue Reading

News

One dead in explosion at Kalpitiya Air Force firing range

Published

on

By

An explosion reported at the Sri Lanka Air Force (SLAF) Field Firing Range in Kandakuliya, Kalpitiya earlier today (26 Sep.) resulting in one death, Sri Lanka Police has confirmed.

Accordingly, an explosion which had occurred at the Air Force Field Firing Range in Kalpitiya, has resulted in the death of an 28 year old airman while injuring another, Police Spokesman SSP Nihal Thalduwa has said.

Investigations into the cause of the explosion are underway, he added.

Continue Reading

News

4 Excise officers interdicted for assaulting Beedi businessman

Published

on

By

Four Excise officers who were arrested for allegedly assaulting and soliciting a bribe from a ‘Beedi’ manufacturer in Walasmulla have been interdicted by the Commissioner General of Excise.

The decision has been taken following the instruction of State Minister of Finance Ranjith Siyambalapitiya.

The four Excise officers including the OIC of the Tangalle Excise station have been interdicted over the allegations of assault and soliciting a bribe from a ‘Beedi’ manufacturer for not implementing the law against him for possession of Beedi leaves without a valid license.

Related News :

Excise officials kidnap beedi businessman & forcefully take Rs.1mn

Continue Reading

Trending

Copyright © 2022 Sri Lanka Mirror. All Rights Reserved