Budget 2012 tomorrow :
Govt aims at containing budget deficit at 6.2 percent of GDP
The 2012 Budget will ensure stable economic
growth while maintaining low inflation, Finance Ministry sources
said. He said the government had succeeded in maintaining economic
growth of eight percent this year and reducing inflation from 11
percent to 5.7 percent and was a major achievement.
More trains and improved rail tracks:
Increased budgetary allocation for public transport
The Government has increased the budgetary
allocation to improve the public transport sector in the upcoming
budget and the transport ministry will invest more money next year
to import new trains, locomotives and powersets as well as to
improve the rail tracks said Minister of Transport Kumara Welgama.
Visa on arrival soon
The ‘Visa on Arrival policy’ would be
implemented from January 1, 2012. R.M.S. Sarath Kumara, Controller
Visa, Emigration and Immigration Department said that visitors could
either register online before visiting Sri Lanka or obtain the visa
from designated entry points in Sri Lanka.
Southern Highway – a big boost all round
The business community commended the
commissioning of the Southern Expressway hailing it as a move that
will boost regional economic growth with an efficient transportation
system that is vital to develop businesses and attract investments.
Ceylon Motor Traders Association Chairman Tilak Gunatilleke said
that the construction of a highway that would connect major
commercial cities and enhance regional development was a long felt
Yal Devi to ply in two years
The resumption of the Yal Devi train to the
North does not mean restoration of mere connectivity, it is the
restoration of normalcy and economic development in the North, after
three decades of terrorism, said Indian High Commissioner in Sri
Lanka Ashok K Kantha.
Expropriation Act will revive underperforming enterprises-
The Central Bank of Sri Lanka in a press release
said that the main purpose of the Revival of Underperforming
Enterprises and Underutilized Assets Act is to revive thirty seven
(37) identified underperforming enterprises or underutilized assets
where the land belongs to the Government or a Government Agency.