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Message: <blockquote data-quote="RAZOR xxxxx" data-source="post: 929023" data-attributes="member: 50030">Liquor and vehicle import tax to be  doubled  Economic service tax on liquor and vehicle imports  to be increased from 0.5% to 1% Updated @ 11.25 a.m. / Nov 07  Rs. 2500 CoL allowance for govt  employees  Rs. 2500 Cost of Living allowance for government  servants from January and it will be increased to Rs. 2875 from June Updated  @ 11.10 a.m. / Nov 07  Private companies encouraged to seek funds  overseas  Government plans to encourage local private  companies to seek funds from foreign markets to ease the burden on local  banks Updated @ 11.08 a.m. / Nov 07  Tax concessions for investments under  Negenahira Navodaya  Special tax concessions and 5 year tax holidays for  substantial private investments in the Eastern province under Negenahira  Navodaya Updated @ 11.05 a.m. / Nov 07  10% phone tax on mobiles to CDMA as  well  The 10% tax on mobile phones will be extended to  CDMA phones as well Updated @ 11.00 a.m. / Nov 07  Environment conservation tax introduced,  houses, vehicles, phones to be taxed  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 07  Five year tax relief for  Co-operatives  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 taxes Updated @ 10.45 a.m. / Nov 07  No fuel hike in the near future -  President 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  prices Updated @ 10.35 a.m. / Nov 07  Revenue increased to 7.2% of GDP, USD 500  ml bond strengthens currency  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 07  Per capita income USD 1500 unemployment  reduced to 6.2%  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 07  President says SL maintains 7%  growth </blockquote>

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