Drama and confusion continues to plague policy-making decisions governing Sri Lanka’s economy .
A March 28th circular issued by the Inland Revenue Department coming under the Ministry of Finance setting out guidelines to implementation on income tax proposals in the 2016 budget, is to be withdrawn, TimesOnline reliably learns. The circular reached most institutions yesterday ahead of the March 31 deadline for tax payments. No reasons were immmediately known for the planned withdrawal of the gazette. Attached is the 'contentious' gazette. - ENDS -
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A Sri Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
Update: Five of the twelve passengers on board the bell 212 aircraft that crashed into the Maduru Oya today, have succumbed to their injuries, the SLAF said.
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