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Message: <blockquote data-quote="eranda444" data-source="post: 920748" data-attributes="member: 34580">Liquor and vehicle import tax to be doubled <<...OLE_Obj.. .>>Economic service tax on liquor and vehicle imports to be increased from 0.5% to 1%Updated @ 11.25 a.m. / Nov 07Rs. 2500 CoL allowance for govt employees <<...OLE_Obj.. .>>Rs. 2500 Cost of Living allowance for government servants from January and it will be increased to Rs. 2875 from JuneUpdated @ 11.10 a.m. / Nov 07Private companies encouraged to seek funds overseas <<...OLE_Obj.. .>>Government plans to encourage local private companies to seek funds from foreign markets to ease the burden on local banksUpdated @ 11.08 a.m. / Nov 07Tax concessions for investments under Negenahira Navodaya <<...OLE_Obj.. .>>Special tax concessions and 5 year tax holidays for substantial private investments in the Eastern province under Negenahira NavodayaUpdated @ 11.05 a.m. / Nov 0710% phone tax on mobiles to CDMA as well <<...OLE_Obj.. .>> <<...OLE_Obj.. .>>The 10% tax on mobile phones will be extended to CDMA phones as wellUpdated @ 11.00 a.m. / Nov 07Environment conservation tax introduced, houses, vehicles, phones to be taxed <<...OLE_Obj.. .>>Every family owning a house, vehicle and phones will be taxed Rs. 20 by a new environment conservation tax to be introduced through a new act.Updated @ 10.50 a.m. / Nov 07Five year tax relief for Co-operatives<<...OLE_Obj.. .>>In order to ease cost of living burden on low income families, co-operative societies and shops will be given a tax holiday of five years on VAT and other taxesUpdated @ 10.45 a.m. / Nov 07No fuel hike in the near future - President <<...OLE_Obj.. .>>President said though oil barrel has reached USD 95 mark the govt would not increase fuel prices in the near future and the 5% levy on petrol will be abolished if there's are further hikes in world oil pricesUpdated @ 10.35 a.m. / Nov 07Revenue increased to 7.2% of GDP, USD 500 ml bond strengthens currency<<...OLE_Obj.. .>><<...OLE_Obj.. .>>The govt revenue was increased to 7.2% of GDP and local interests could be reduced to 17%, the President said. He added that budget deficit too has been reduced to 7.2% and local currency has been strengthened due to USD 500 bond which was oversubscribed despite the opposition campaign to scuttle it.Updated @ 10.15 a.m. / Nov 07Per capita income USD 1500 unemployment reduced to 6.2%<<...OLE_Obj.. .>><<...OLE_Obj.. .>>Per capita income of a Sri Lankan has reached USD 1500 mark and the government has managed to reduce unemployment rate to 6.2% , President Rajapaksa said during today's budget speech.Updated @ 10.00 a.m. / Nov 07President says SL maintains 7% growth <<...OLE_Obj.. .>>Delivering his budget speech President Mahinda Rakapaksa told Parliament today that the government has maintained 7% growth despite opposition claims otherwise. He said LTTE's Anuradhapura attack shows LTTE aversion for talks and maintained wiping out of "terrorism" is necessary before a political solutionUpdated @ 9.50 a.m. / Nov 07</blockquote>

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