Over 400 SME properties seized under Parate law during first four months of this year: Sajith

DOT Wednesday, 07 June 2023 05:32 PM

Thank you very much sir! NO one in the main stream is talking about this significant effect! The government must pull their soaks and do something meaningful!

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Ram Thursday, 08 June 2023 02:38 AM

Parate law must be applied to recover money loaned. Recently Peoples Bank wiped out 50 Billion, loans given to businessmen without taking steps to seize their assets if they did not provide any collaterals. Bank officers who authorised these loans without a collateral must be taken to task

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Citizen k Thursday, 08 June 2023 05:52 AM

The SME are the back bone of our country's business sector.Look at the taxes paid by them and grant them relief so again they will be a vibrant part of our society.

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Terrence K Thursday, 08 June 2023 08:51 AM

Protecting SME's by waiving the Parate Law is not a solution. Some of the SME's and clients who obtain leases on vehicles are clients who have not done a due diligence of their capability in repaying the loan taken. At the time of obtaining the facility they will go to any extent to provide any security requested by Banks. In SME's we see that when they have to provide the audited accounts of their organisation they get these accounts concocted by dressing the balance sheets to show a healthy organisation. Lease facilities are given on the understanding that absolute ownership is given to the Bank or lease company until the repayment of the facility. The general public must understand that these facilities are afforded on the deposits of customers who have to be paid an interest on these amounts depending on the period of funds held with Banks and Leasing Companies. If defaulted facilities are accounted from the funds of deposit customers it will be unfair and not prudent .

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Adwani Saturday, 10 June 2023 05:55 PM

Sajith and Kiriella must go back and complete their GCE O Level exam in economics.

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S.A.C.A. Dias Sunday, 03 December 2023 06:36 PM

It is Urgent Timely Essential Need to Give Relief to SME Sector the Employment Provider . By the Parate Law Enforcements , SME Sector will become dead loosing Many Jobs. High time to Suspend and give a Moratorium to at least one year to allow the SME Sector to come out from the Covid 19

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Nahil Wijesuriya Monday, 04 December 2023 06:57 AM

Governing by " Mid night Gazette" is typical 3rd World stuff. Cannot expect Foreign Investment to come rushing in.

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