Major Projects – Sri Lanka Budget 2016

budget 2015 major projects

Ministry of Buddha Sasana

Sacred Area Developments – 100mn – Construction of 100 temples. Renovation of 33 temples.
Vidyalankara International Buddhist Center-Kelaniya – 300mn – Completion of the conference hall.
Redevelopment of under devloped Dhamma Schools – 100mn – Plan to develop 500 Dhamma schools in 2016. Allocated Rs. 200,000 for each Dhamma school.
Renovation of Places of Worship damaged due to the earthquake in Nepal – 50mn – Renovation of the Ananda Kuti Buddhist temple & Hindu Kovil in Machchindranath (2015 – 2017).
Rehabilitation of Under-developed Buddhist Temples – 90mn – Rehabilitation of 600 temples.

Ministry of Finance
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Common pension scheme for Sri Lanka

sri lanka pension scheme

All elderly in Sri Lanka should have access to at least one reliable, affordable and adequate pension, economists said. “An adequate pension is essential to ensure income security for elderly, without being dependent,” Nisha Arunatilake of Institute of Policy Studies of Sri Lanka said. She was speaking at the National Pensioners Day Symposium themed “Towards a National Pension Framework.”

Highlighting the problems within the pension system she said 87 percent of the population between the ages of 15 and 59 are not covered by a pension scheme, and only 30 percent of the population above the age of 60 get a meaningful pension. The system in the island should be Continue reading

Sri Lanka Budget 2016 – Review

budget 2016 sri lanka

Sri Lanka’s Budget proposals for the next year presented in parliament by the Minister of Finance Ravi Karunanayake has proposed several concessions to the public and industries.

“The progressive tax rates applicable to individuals will be removed by increasing the tax free allowance to Rs 2.4 million per year (Rs 200,000/- per month) and any balance will be liable at the standard rate of 15% (flat rate)”

Review –  Continue reading

Paris Attacks – Explosions, Gun Fire and Mass Casualties

IMG_2657

France has declared a national state of emergency and has closed its borders after at least 120 people were killed in gun and bomb attacks in Paris.

This is an ongoing situation. Refresh this post for regular updates as they come in; Continue reading

Sri Lanka ranked 65 from Broadband connectivity

internet speed

Sri Lanka has been ranked 65 broadband average connection speed, according to a recently released report – Akamai – ‘State of Internet’ 2Q (SOTI). Sri Lanka has outperformed Malaysia, China, India.

Despite progress, Malaysia lags behind Sri Lanka and Thailand in average internet speeds over the second quarter this year, as Asian countries set global benchmarks in the 2015 State of the Internet (SOTI) second quarter report. The report, released by the content delivery network services firm Akamai Technologies Inc, said Sri Lanka registered a 50 percent year-on-year improvement to increase its average speed to 5.3 Mbps Continue reading

ISIS and US backed Syrian moderates

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Nobody seemed to know a couple of weeks ago where US-backed Syrian ‘moderate rebels’ were, but now that Russia launched its anti-terror op in Syria, they are ‘everywhere’, while ISIS, on the contrary, is ‘nowhere’, says political analyst Neil Clark.

Q: Russian President Vladimir Putin said he received a proposal from the French president to form a coalition between Assad and the Free Syrian Army. It seems like an unexpected proposal. The Russian line is: who are these moderates? Could they form some sort of synergy against ISIL (The Islamic State of Iraq and the Levant, also known as the Islamic State of Iraq and Syria) ?

Neil Clark: Possibly, Continue reading

Tandulanali Jataka 005

Tandulanali

තණ්ඩුල නාලි ජාතකය  – සිංහල පරිවර්තනය ඉංග්‍රිසි කොටස අවසානයේ..

Once on a time Brahmadatta was in Benares in Kasi. In reigning those days our Bodhisatta was his valuer. He used to value horses, elephants, and the like; and jewels, gold, and the like; and he used to pay over to the owners of the goods the proper price, as he fixed it.

But the king was greedy and his greed suggested to him this thought: “This valuer with his style of valuing will soon exhaust all the riches in my house; I must get another valuer.” Opening his window Continue reading