News

Sri Lankan tax authorities, with revenues off target and the government facing a huge cash crunch, are considering a proposal for taxes to be paid upfront with the usual appeal process following instead of in reverse, as it is now. Tax lawyers said the proposal – set to trigger a major controversy .....

Lanka comes under heavy fire at UN Security Council

NEW YORK - The United Nations Friday singled out Sri Lanka as one of several crisis-stricken countries — along with Sudan, Lebanon and the Central African Republic — that have failed to track down the killers of humanitarian workers. Addressing the Security Council, .....

PCs in crisis over fund slash

Provincial Councils throughout the country have been thrown into crisis and virtual bankruptcy with the Treasury slashing their allocation by as much as 60 percent, provincial leaders said.They said vital projects relating to roads, irrigation systems, health and education were seriously affected by the move.

3 Ministers face corruption charges

Three ministers – Jeewan Kumaratunga, Jagath Pushpakumara, and S. M. Chandrasena—are facing legal action over alleged frauds and malpractice.Minister Jeewan Kumaratunga has been directed to appear in courts next month after he was implicated in a case of allegedly defaulting five youth seeking to migrate to Australia.