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

Published

2 years ago

October 14, 2022

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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.

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Easter Sunday bombings : Rs. 295 mn. paid as compensation

Published

9 mins ago

April 20, 2024

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The annual reports of the Office of Reparations have revealed that over Rs. 295 million (295,499,069) have been paid as compensation to victims and property damage of the Sunday Easter bombings.

Under this, Rs. 273,747,000 have been paid as compensation for 719 victims while Rs. 21,752,069 have been paid as compensation for property damages.

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350 medical specialists have left SL

Published

12 mins ago

April 20, 2024

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A study conducted by a group of specialist doctors at the Ministry of Health has revealed that 350 specialists have left the country during recent times.

Many of them have left for countries such as UK and Australia. According to a spokesperson of the ministry, economic hardships have been cited as one of the main reasons for them to do so.
Doctors suggest that the government should provide an immediate solution to this issue.

Commenting on the issue, Secretary of the Health Ministry – Dr. Palitha Mahipala says that there is still a shortage of anesthetists and pediatricians after most of them had left the country.

However, some who have gone for training, are returning after their training is complete, he adds.

Meanwhile, sources in the Health sector also say that over 200 nurses too have gone overseas, but new recruits have enabled to prevent hospital operations from continuing without hindrance.

(Source : Lankadeepa)

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Details of SL recruits in Russian military, sought

Published

57 mins ago

April 20, 2024

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Sri Lanka has sought a report from Russian authorities on details of Sri Lankan military recruits and how many of them have died during the Russian-Ukraine conflict, the ‘Aruna’ newspaper reports.

According to a directive by the Ministry of Foreign Affairs of Sri Lanka, the Sri Lankan Embassy in Russia has forwarded this request to the Russian Ministry of Defence.

Previously, the Human Trafficking, Human Smuggling and Maritime Crime Investigation Division (CID) arrested a retired major and an employment agent, identified as leaders of an organized scheme that recruited retired military personnel as mercenaries for the Russian army.

The Defence Ministry in Sri Lanka has urged the Tri Force commanders to brief Tri Force personnel not to fall for such rackets.

(Source : Aruna)