The Government presented the Bill to enact a new Inland Revenue law to Parliament today.
The Bill was presented by Leader of the House Minister Lakshman Kiriella. It will replace the Inland Revenue Act of 2006.
Prime Minister Ranil Wickremesinghe said the Bill has been drafted after extensive discussions with all stakeholders and was meant to tighten the loopholes in revenue collection.
JVP MP and Chief Opposition Whip Anura Dissanayaka urged the Government to further discuss the Bill before enacting it into law.
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The Constitutional Council has approved four nominees, proposed by the President, to fill vacancies in the Court of Appeal.
The Ceylon Petroleum Corporation (CPC) will reduce fuel prices with effect from midnight today.
Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, has cautioned that reversing the current economic programme could lead to a resurgence of the severe economic and social crisis Sri Lanka endured nearly two years ago.
President Ranil Wickremesinghe today inaugurated the open cycle phase of the “Sobadhanavi” 350 MW Combined Cycle Power Plant in Kerawalapitiya, the President’s Media Division (PMD) said.
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