In a landmark keynote address at the University Lecturers’ Conference held at the Water’s Edge Hotel yesterday evening (Aug. 13), President Ranil Wickremesinghe revealed plans to provide relief for personal income tax in the near future.
The President mentioned that two proposals, currently under review by the Treasury and the counter proposal by the International Monetary Fund (IMF) are being considered to achieve the goal of providing some benefit to the middle segments like the academia.
In his speech, delivered under the theme “Transforming Sri Lanka’s Higher Education towards a Developed Nation,” President Wickremesinghe also announced a comprehensive reform plan aimed at transforming Sri Lanka’s higher education system as a key strategy to stimulate economic recovery.
President Wickremesinghe emphasized the critical role of higher education in driving the country towards development and highlighted the need for state universities to operate with greater independence to enhance the quality of education.
