- Last Update 2025-04-29 20:48:00
SC dismiss FR petition challenging DDO process of capping EPF funds at 9 per cent
The Supreme Court today rejected a Fundamental Rights (FR) petition, which was filed seeking an order deeming the government's decision to cap the interest rate of the Employees Pension Fund (EPF) at 9% in line with the Domestic Debt Optimisation (DDO) process violates the FRs of the fund's contributors without taking it up for hearing today.
The petition was filed by former Janatha Vimukthi Peramuna (JVP) Parliamentarian Wasantha Samarasinghe and five others challenging the government's decision of keeping interest of EPF funds at 9 per cent for 15 years as part of the local DDO process.
At least 46 respondents were named in the petition including Dr Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, the Secretary to the Ministry of Finance, Mahinda Siriwardana, and officials of the Employees’ Provident Fund (EPF) and Employees’ Trust Fund (ETF).
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- April 25, 2025 - 166 - 0
Rs 30 million worth tabs and mobiles left behind at duty free shop
Customs have detected 228 mobile phones and tabs valued at over Rs 30 million left behind in the duty free shopping complex at the Banaranaike International Airport today, Customs officials said.
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