• Latest
  • Trending

Colombo woos Tamil-speaking Northern and Eastern Provinces with big budgetary allocations

November 10, 2016
Is Nepal’s geo-strategic location a bane or a boon?

Is Nepal’s geo-strategic location a bane or a boon?

June 27, 2022
Electricity

Power cut schedule for June 27 in Sri Lanka

June 27, 2022
9 takeaways from Lankan energy minister’s press conference

9 takeaways from Lankan energy minister’s press conference

June 27, 2022
Fuel. Image credits - Wassim Chouak / Unsplash

Token system to distribute fuel from today in Sri Lanka

June 27, 2022
Schools. Image credits - Ivan Aleksic @ivalex / Unsplash

Schools will remain closed in Colombo zone from 27th to 1st

June 26, 2022
Money

Here’s how you can become rich by doing nothing

June 26, 2022
Fuel crisis

Bankrupt Sri Lanka runs out of fuel

June 26, 2022
Fresh transport strikes hit UK, Europe

Fresh transport strikes hit UK, Europe

June 26, 2022
U.S. Supreme Court ends constitutional right to abortion

U.S. Supreme Court ends constitutional right to abortion

June 26, 2022
Fuel. Image credits - Wassim Chouak / Unsplash

Ceypetco & LIOC hike fuel prices

June 26, 2022
India Strengthens Its Position in Sri Lanka Vis-à-Vis Rival China

India Strengthens Its Position in Sri Lanka Vis-à-Vis Rival China

June 25, 2022
Modi on his mother

Modi on his mother

June 25, 2022
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Monday, June 27, 2022
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Is Nepal’s geo-strategic location a bane or a boon?

    Is Nepal’s geo-strategic location a bane or a boon?

    Electricity

    Power cut schedule for June 27 in Sri Lanka

    9 takeaways from Lankan energy minister’s press conference

    9 takeaways from Lankan energy minister’s press conference

    Fuel. Image credits - Wassim Chouak / Unsplash

    Token system to distribute fuel from today in Sri Lanka

    Schools. Image credits - Ivan Aleksic @ivalex / Unsplash

    Schools will remain closed in Colombo zone from 27th to 1st

    Money

    Here’s how you can become rich by doing nothing

    Fuel crisis

    Bankrupt Sri Lanka runs out of fuel

    Fuel. Image credits - Wassim Chouak / Unsplash

    Ceypetco & LIOC hike fuel prices

    India Strengthens Its Position in Sri Lanka Vis-à-Vis Rival China

    India Strengthens Its Position in Sri Lanka Vis-à-Vis Rival China

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    Is Nepal’s geo-strategic location a bane or a boon?

    Is Nepal’s geo-strategic location a bane or a boon?

    Money

    Here’s how you can become rich by doing nothing

    Fresh transport strikes hit UK, Europe

    Fresh transport strikes hit UK, Europe

    U.S. Supreme Court ends constitutional right to abortion

    U.S. Supreme Court ends constitutional right to abortion

    This April 2022 handout photograph provided by RR Auction shows cockroaches which were fed moon dust from the 1969 Apollo 11 mission, which were pulled from an auction listing after NASA said the cockroaches and a small vial of moon dust are property of the federal government. (Photo: AP)

    Give us back our moon dust and cockroaches: Nasa

    Cisco, Nike quit Russia, as pace of Western firms leaving speeds up

    Cisco, Nike quit Russia, as pace of Western firms leaving speeds up

    Harry Potter and the Philosopher's Stone

    ‘Harry Potter and the Philosopher’s Stone’ celebrates 25 magical years

    Cristiano Ronaldo

    Binance scores Cristiano Ronaldo as partner for NFT push

    New Zealand pledges over LKR 180 Mn to help crisis-hit Sri Lankan children

    New Zealand pledges over LKR 180 Mn to help crisis-hit Sri Lankan children

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Harry Potter and the Philosopher's Stone

    ‘Harry Potter and the Philosopher’s Stone’ celebrates 25 magical years

    Salman Khan

    Plot to kill Bollywood actor Salman Khan revealed

    Shah Rukh Khan's Jawaan, to be directed by Atlee, to scheduled for June 2023 release. (Photo: Twitter)

    Shah Rukh Khan announces new film ‘Jawaan’

    Chchutir diner Gaan by Bangladeshi singer Nondita

    Chchutir diner Gaan by Bangladeshi singer Nondita

    Song “Bechain Nazar Betaab Jigar”. Talat Mahmood. Film “Yasmin” 1955

    Song “Bechain Nazar Betaab Jigar”. Talat Mahmood. Film “Yasmin” 1955

    ‘KGF Chapter 2’

    ‘KGF Chapter 2’ becomes 3rd-highest-grossing Hindi film

    Popular Bollywood stars Ranbir Kapoor and Alia Bhatt were married Thursday in a private ceremony at their Mumbai residence. Image credits - Sujit Jaswal via AFP / Getty Images

    Bollywood stars Ranbir Kapoor and Alia Bhatt marry in Mumbai

    Lata Mangeshkar: Ae Chand Pyara. Film Khazaana 1951. Music C.Ramchandra. Lyrics Rajinder Krishan

    Lata Mangeshkar: Ae Chand Pyara. Film Khazaana 1951. Music C.Ramchandra. Lyrics Rajinder Krishan

    Will Smith

    Will Smith banned from Oscars for 10 years over slap

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    This April 2022 handout photograph provided by RR Auction shows cockroaches which were fed moon dust from the 1969 Apollo 11 mission, which were pulled from an auction listing after NASA said the cockroaches and a small vial of moon dust are property of the federal government. (Photo: AP)

    Give us back our moon dust and cockroaches: Nasa

    Moon. Image credits - Ganapathy Kumar / Unsplash

    China finds signs of water in moon’s ‘Ocean of Storms’

    What we should know when we speak of food security?

    What we should know when we speak of food security?

    Beetroot is rich in nitrates and is loaded with health benefits. (Photo: Getty Images)

    Drinking beetroot juice daily could help people with heart condition

    Close-up view of a cancer cell. Credit: Alexey Kotelnikov / Alamy Stock Photo

    Massive breakthrough as cancer vanishes for all patients in drug trial

    India hands over 3.3 tons of medical supplies to Lanka’s ambulance service

    India hands over 3.3 tons of medical supplies to Lanka’s ambulance service

    Lankan Prez orders LKR 1.8 billion (US$ 5 million) to be spent on drugs import  

    Lankan Prez orders LKR 1.8 billion (US$ 5 million) to be spent on drugs import  

    In this 1971 Center For Disease Control handout photo, monkeypox-like lesions are shown on the arm and leg of a female child in Bondua, Liberia. CDC | Getty Images

    The Covid conspiracies being recycled for monkeypox

    Exercise. Image credits - Victor Freitas @victorfreitas / Unsplash

    Best exercise time differs for men and women, says US study

    High life in troubled Colombo  

    High life in troubled Colombo  

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Bitcoin. Image credits - Onov3056

    Bitcoin slides below $20,000 to lowest level in 18 months

    Digital banking platform Revolut launches in Sri Lanka

    Digital banking platform Revolut launches in Sri Lanka

    Microsoft's Internet Explorer was first included with a Windows 95 upgrade pack. Image credits - Ina Fried/CNET

    End of an era: Microsoft retires Internet Explorer

    Cryptocurrency boom. Image credits - Executium @executium / Unsplash

    Cryptocurrency market value slumps under $1 trillion

    iPhone. Image credits - Tron Le @tronle_sg / Unsplash

    EU deal to force iPhones to use USB-C charger by 2024

    Whatsapp. Image credits - AARN GIRI / Unsplash

    WhatsApp to get edit button, undo messages and other features soon 

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Is Nepal’s geo-strategic location a bane or a boon?

    Is Nepal’s geo-strategic location a bane or a boon?

    Electricity

    Power cut schedule for June 27 in Sri Lanka

    9 takeaways from Lankan energy minister’s press conference

    9 takeaways from Lankan energy minister’s press conference

    Fuel. Image credits - Wassim Chouak / Unsplash

    Token system to distribute fuel from today in Sri Lanka

    Schools. Image credits - Ivan Aleksic @ivalex / Unsplash

    Schools will remain closed in Colombo zone from 27th to 1st

    Money

    Here’s how you can become rich by doing nothing

    Fuel crisis

    Bankrupt Sri Lanka runs out of fuel

    Fuel. Image credits - Wassim Chouak / Unsplash

    Ceypetco & LIOC hike fuel prices

    India Strengthens Its Position in Sri Lanka Vis-à-Vis Rival China

    India Strengthens Its Position in Sri Lanka Vis-à-Vis Rival China

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    Is Nepal’s geo-strategic location a bane or a boon?

    Is Nepal’s geo-strategic location a bane or a boon?

    Money

    Here’s how you can become rich by doing nothing

    Fresh transport strikes hit UK, Europe

    Fresh transport strikes hit UK, Europe

    U.S. Supreme Court ends constitutional right to abortion

    U.S. Supreme Court ends constitutional right to abortion

    This April 2022 handout photograph provided by RR Auction shows cockroaches which were fed moon dust from the 1969 Apollo 11 mission, which were pulled from an auction listing after NASA said the cockroaches and a small vial of moon dust are property of the federal government. (Photo: AP)

    Give us back our moon dust and cockroaches: Nasa

    Cisco, Nike quit Russia, as pace of Western firms leaving speeds up

    Cisco, Nike quit Russia, as pace of Western firms leaving speeds up

    Harry Potter and the Philosopher's Stone

    ‘Harry Potter and the Philosopher’s Stone’ celebrates 25 magical years

    Cristiano Ronaldo

    Binance scores Cristiano Ronaldo as partner for NFT push

    New Zealand pledges over LKR 180 Mn to help crisis-hit Sri Lankan children

    New Zealand pledges over LKR 180 Mn to help crisis-hit Sri Lankan children

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Harry Potter and the Philosopher's Stone

    ‘Harry Potter and the Philosopher’s Stone’ celebrates 25 magical years

    Salman Khan

    Plot to kill Bollywood actor Salman Khan revealed

    Shah Rukh Khan's Jawaan, to be directed by Atlee, to scheduled for June 2023 release. (Photo: Twitter)

    Shah Rukh Khan announces new film ‘Jawaan’

    Chchutir diner Gaan by Bangladeshi singer Nondita

    Chchutir diner Gaan by Bangladeshi singer Nondita

    Song “Bechain Nazar Betaab Jigar”. Talat Mahmood. Film “Yasmin” 1955

    Song “Bechain Nazar Betaab Jigar”. Talat Mahmood. Film “Yasmin” 1955

    ‘KGF Chapter 2’

    ‘KGF Chapter 2’ becomes 3rd-highest-grossing Hindi film

    Popular Bollywood stars Ranbir Kapoor and Alia Bhatt were married Thursday in a private ceremony at their Mumbai residence. Image credits - Sujit Jaswal via AFP / Getty Images

    Bollywood stars Ranbir Kapoor and Alia Bhatt marry in Mumbai

    Lata Mangeshkar: Ae Chand Pyara. Film Khazaana 1951. Music C.Ramchandra. Lyrics Rajinder Krishan

    Lata Mangeshkar: Ae Chand Pyara. Film Khazaana 1951. Music C.Ramchandra. Lyrics Rajinder Krishan

    Will Smith

    Will Smith banned from Oscars for 10 years over slap

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    This April 2022 handout photograph provided by RR Auction shows cockroaches which were fed moon dust from the 1969 Apollo 11 mission, which were pulled from an auction listing after NASA said the cockroaches and a small vial of moon dust are property of the federal government. (Photo: AP)

    Give us back our moon dust and cockroaches: Nasa

    Moon. Image credits - Ganapathy Kumar / Unsplash

    China finds signs of water in moon’s ‘Ocean of Storms’

    What we should know when we speak of food security?

    What we should know when we speak of food security?

    Beetroot is rich in nitrates and is loaded with health benefits. (Photo: Getty Images)

    Drinking beetroot juice daily could help people with heart condition

    Close-up view of a cancer cell. Credit: Alexey Kotelnikov / Alamy Stock Photo

    Massive breakthrough as cancer vanishes for all patients in drug trial

    India hands over 3.3 tons of medical supplies to Lanka’s ambulance service

    India hands over 3.3 tons of medical supplies to Lanka’s ambulance service

    Lankan Prez orders LKR 1.8 billion (US$ 5 million) to be spent on drugs import  

    Lankan Prez orders LKR 1.8 billion (US$ 5 million) to be spent on drugs import  

    In this 1971 Center For Disease Control handout photo, monkeypox-like lesions are shown on the arm and leg of a female child in Bondua, Liberia. CDC | Getty Images

    The Covid conspiracies being recycled for monkeypox

    Exercise. Image credits - Victor Freitas @victorfreitas / Unsplash

    Best exercise time differs for men and women, says US study

    High life in troubled Colombo  

    High life in troubled Colombo  

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Bitcoin. Image credits - Onov3056

    Bitcoin slides below $20,000 to lowest level in 18 months

    Digital banking platform Revolut launches in Sri Lanka

    Digital banking platform Revolut launches in Sri Lanka

    Microsoft's Internet Explorer was first included with a Windows 95 upgrade pack. Image credits - Ina Fried/CNET

    End of an era: Microsoft retires Internet Explorer

    Cryptocurrency boom. Image credits - Executium @executium / Unsplash

    Cryptocurrency market value slumps under $1 trillion

    iPhone. Image credits - Tron Le @tronle_sg / Unsplash

    EU deal to force iPhones to use USB-C charger by 2024

    Whatsapp. Image credits - AARN GIRI / Unsplash

    WhatsApp to get edit button, undo messages and other features soon 

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
NewsIn.Asia
No Result
View All Result
Home Around South Asia Sri Lanka

Colombo woos Tamil-speaking Northern and Eastern Provinces with big budgetary allocations

Editor by Editor
November 10, 2016
in Sri Lanka
Reading Time: 2 mins read
2 0
A A
Share on WhatsApp

Sri Lankan Finance Minister Ravi Karunanayake

Colombo, November 10 (NIA): Sri Lanka’s Finance Minister Ravi Karunanayake has made an effort to woo the Tamil-speaking Northern and Eastern provinces through big allocations to them in the annual budget which he presented in parliament on Thursday.

Given the fact that the GDP per capita is the lowest in the Northern, Eastern and Uva Provinces, it is incumbent upon the government to make a concerted effort to correct this situation, he said, and added that he  proposes to grant, for investments over US$ 3 million, a 200 percent capital allowance in the case of the Northern Province, and 100 percent capital allowance in the case of the Uva and Eastern Provinces.

ADVERTISEMENT

To qualify, the businesses should also generate new employment for 250 people, he added.

Alternatively, a 3 or 5 year 50 percent tax holiday will be granted for such business, he said.

Taking note of the “serious” shortage of proper housing in the North and the East, “demanding urgent attention” Karunanayake said that he would expedite the  construction of 50,000 houses with an allocation of LKR 5,000 million (US$ 33.8 million).

And to facilitate private businesses to expand their operations to the Northern Province, Karunanayake said that government would construct a Vertical Building for mixed development which will include office space, recreational facilities, and entertainment facilities.

“I propose to allocate LKR 1,000 (US$ 6.7 million) million for this purpose,” he said.

Turning to the Eastern province, the Finance Minister said that he proposes to allocate LKR 200 million (US$ 1.3 million) to complete a Master Plan, including the integrated township development, in Samanthurai and Kalmunai. For the improvement of drainage in the Eastern Province he would allocate Rs. 100 million (US$ 677,462).

To give a shot in the arm for the economic development of the Eastern Province he said government would set up, at a cost of  LKR 300 million (US$3 million), a Dedicated Economic Center to help farmers and Small and Medium Enterprises showcase their products. This would generation employment for at least 1,000 people, the Minister said.

To upgrade infrastructure facilities in the Eastern district of Trincomalee, the government proposes to allocate Rs. 1,000 (US$ 6.7 million) million for this purpose. This project will be executed with the participation of the three armed services also ,he added.

However, the  Northern Province Chief Minister, C.V.Wigneswaran, is likely to oppose Karunanayake’s plan to have big capital intensive industries with potential to employ only a few hundred people in his province. He has previously opposed and rejected such proposals on the grounds that what the poverty stricken people of the war affected North should get is help to set up SMEs which will spur the growth of entrepreneurship and provide employment for the common man.

END

Related Posts

9 takeaways from Lankan energy minister’s press conference
Economy

9 takeaways from Lankan energy minister’s press conference

June 27, 2022
Fuel. Image credits - Wassim Chouak / Unsplash
Around South Asia

Token system to distribute fuel from today in Sri Lanka

June 27, 2022
Schools. Image credits - Ivan Aleksic @ivalex / Unsplash
Around South Asia

Schools will remain closed in Colombo zone from 27th to 1st

June 26, 2022
Fuel crisis
Around South Asia

Bankrupt Sri Lanka runs out of fuel

June 26, 2022
Fuel. Image credits - Wassim Chouak / Unsplash
Around South Asia

Ceypetco & LIOC hike fuel prices

June 26, 2022
India Strengthens Its Position in Sri Lanka Vis-à-Vis Rival China
Diplomacy

India Strengthens Its Position in Sri Lanka Vis-à-Vis Rival China

June 25, 2022
  • Electricity

    Power cut schedule for June 27 in Sri Lanka

    43479 shares
    Share 17407 Tweet 10863
  • Foreign Exchange Rates from Central Bank of Sri Lanka; USD, GBP, EUR, SGD, CAD

    1179 shares
    Share 478 Tweet 292
  • WATCH : Yohani’s first live performance in India

    784 shares
    Share 326 Tweet 191
  • Power interruption schedule released: Check your area power cut time

    736 shares
    Share 314 Tweet 176
  • Leader of Bohra community meets President

    668 shares
    Share 271 Tweet 165
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact

© 2022 All rights reserved.

No Result
View All Result
  • Home
  • Around South Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
  • Around The World
  • Breaking News
  • Business
    • Exchange
  • Climate Change
  • Governance
    • Crime
    • Diplomacy
    • Defense
    • Human Rights
    • Politics
    • Strategic Affairs
  • Lifestyle
    • Books
    • Entertainment
      • Arts
      • Cinema
      • Gaming
      • Music
      • Movie
      • Series
      • TV
    • Health
    • Fashion
    • Food
    • Travel
  • Culture
    • Ethnicity
    • Gender
  • Development news
  • Economy
  • Education
  • Environment
  • Coronavirus
  • History
  • National
  • Offbeat
    • Media
    • Music and arts across South Asia
  • Recommended
    • Headlines
    • Highlights
    • Top Picture
    • Top Story
  • Religion
  • Science
  • Sports
    • Football
    • Cricket
      • LPL
      • IPL
    • Tennis
    • Formula 1
    • NBA
  • Tech
    • Instagram
  • United Nations
  • Weather
  • World
    • Japan
    • Russia
    • United States
  • Videos

© 2022 All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

mersin eskort -

Meritroyalbet

-
Jojobet
- Süperbetin - eskisehir escort -

https://www.vudols.com/

- Sağlık Personeli - istanbul avukat