The concessionary terms for interest free loans for students following degree programmes in non-state universities have been increased.
According to the decision of the Cabinet dated 2022-08-22, discussions have been held between the Bank of Ceylon, the Treasury and the Ministry of Education with respect to the continuation of the interest-free loan scheme given to students who are pursuing degree courses in non-state higher education institutions.
The students, after completing their course will be able to complete the payment within eight years.
They will also be able to pay the prescribed interest under the monthly interest rate (AWPLR + 1 percent) added to the existing weighted average loan rate of the coming year.
The proposal presented by the Minister of Education to amend the MOU was approved by the Council of Ministers.
Popular grade five tuition teacher, Hayeshika Fernando wanted over assaulting a 21 year old youth was granted bail today after she surrendered to courts.
A British national had been arrested over attempting to smuggle in the largest haul of kush( drugs) from Thailand, customs said.
The Government of Sri Lanka maintains that the allegation of genocide during the final phase of the conflict in Sri Lanka is unsubstantiated by any credible authority, either nationally or internationally, and is based on misleading information. Sri Lanka firmly rejects this false narrative and believes it has been propagated primarily for electoral gains within Canada.
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