The 15 per cent special interest to senior citizens as announced in last month’s budget on Tuesday was cleared for take-off by the Finance Ministry and will now be implemented by commercial banks, officials said.
The enforcement of this new rate had been held up by delays in the Finance Ministry issuing instructions to the Central Bank to direct banks to enforce the new rate.
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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