Over a million Sri Lankan senior citizens, hurt by the recent interest rates cut by the government, will benefit from a 20 % bonus interest payment on their bank accounts for which a state subsidy of Rs 1.2 billion per annum has been allocated by the Treasury. The scheme will be strictly supervised to prevent malpractices by the beneficiaries or banks.
Sri Lankan stocks should be more pricey than current levels after the war gave it buoyancy and vigour similar to pre-war levels, industry analysts say.
