Video: PM launches third generation economy

5 November 2015 11:41 am - 15 - {{hitsCtrl.values.hits}}

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While pledging that it would build a third generation economy in the coming years, the Government today announced key changes in the economic grounds aimed at realising these goals.

Prime Minister Ranil Wickremesinghe who came out in Parliament with the key changes and on the plan to build up a third generation economy pledged that changes would be made to tax policy under which the focus was made on earning 60 percent of revenue from indirect taxes and rest through direct taxes.

This is compared to the present policy of earning 80 percent from indirect taxes and the rest from direct taxes.

It was also announced that the one off tax, import tax on text books and sports goods would be removed. Also all Sri Lankan expatriate workers would be exempted of all taxes.

It was also announced that ownership would be given to those who were living in government houses on rent for more than ten years and to those who are in line rooms in the plantations. (Yohan Perera)

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Comments - 15

Prem Nath Thursday, 05 November 2015 05:28 PM

What about this generation?Not your problem eh.

Sapu Thursday, 05 November 2015 07:06 PM

This is the third generation! First one is JR while 2nd is Premedasa economic reform

simon Thursday, 05 November 2015 08:25 PM

Exactly !

simon Friday, 06 November 2015 06:43 AM

skipping two generation !!

Premalal Friday, 06 November 2015 06:47 AM

No economy will prosper without a fair social and criminal justice system. You only have to look at the rich nations to realise it. We can look forward to more promises while those who rob will be safeguarded.

roger Friday, 06 November 2015 06:52 AM

Well said Sir ! Your a true leader with the correct vision.

ANTON Friday, 06 November 2015 07:12 AM

SAAARRR !!! WHAT ABOUT A HYBRID ECONOMY ???

ANTON Friday, 06 November 2015 08:36 AM

IS THAT THIRD GENERATION ECONOMY OR THIRD CLASS ECONOMY ???

Banda Friday, 06 November 2015 09:08 AM

So the doors open for internet era... and the world market is just a click away... well done for forward thinking..

sss Friday, 06 November 2015 09:13 AM

only certainty is he will send more women to middle east to earn dollars

Ed.Rowlands Friday, 06 November 2015 09:14 AM

I notice that certain estate workers are protesting to be paid their ETF/EPF dues, maybe this is good chance to give them the houses that they have been living in for free to cover that owed to them.

sa Friday, 06 November 2015 09:49 AM

Always talk but no any improvement . Please do something and show it to us.

I am Sri Lanka Friday, 06 November 2015 10:12 AM

Wonder when will be the 1 million job opportunities will be created in our country? This statement was made few generations ago I supose.

paths Friday, 06 November 2015 07:39 PM

Govts actions r LAUDABLE -particularly HOUSE OWNERSHIP to those who lived in Govt Flats for 10yrs.

Big Kock Saturday, 07 November 2015 11:19 AM

Yes, you are correct,t5h good must be kept and safeguarded all the other Politicians in Parliament must be eliminated with immediate effect.

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Video: PM launches third generation economy

Comments - 15

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