The Cost of Living Committee has recommended that the price of a 400g packet of milk powder be increased by Rs 20 and a Kilogram by Rs.50 from last night, Ministry of Industry and Commerce said in a statement.
The price increases are applicable only for full cream milk power and not for any other types (such as infant milk powder, non-fat milk etc).
Following a decision of the Cost of Living Committee dated May 1, 2018 to allow increasing of the Maximum Retail Prices (MRP) of milk powder by Rs 20.00 (for 400 grams) and Rs 50.00 (for one Kg), it has now been decided to allow for such an increase in the local market effective midnight of May 4, 2018 (The MRP of other, differently weighted milk powder packs would increase pro rata (proportionally) based on these rates).
The increase is also applicable only for full cream milk powder manufactured (locally or overseas) on or after May 5, 2018. Therefore there shall be no increase of MRPs of any milk powders available (in the market) at present. This MRP increase therefore is not applicable to any milk powders manufactured before May 5, 2018.
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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