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Tue Jul 03, 2018 5:27 pm by Ethical Trader

» Sri Lanka's ETI Finance able to settle small depositors if liquidated
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» Cartoon of the day...
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Mon Jun 25, 2018 11:29 am by Ethical Trader

» Enterprise Sri Lanka to give extra credit support for women, disabled soldiers
Sun Jun 24, 2018 8:42 pm by sashimaal

» HUNA.N0000
Sat Jun 23, 2018 11:42 am by pjrngroup

» 2018 මැයි මස උද්ධමනය සියයට 2.1 ක් දක්වා ඉහළට
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» Laughter the Best Medicine
Fri Jun 22, 2018 8:11 pm by nihal123

» Sri Lanka is recovering, Central Bank threat looms: Bellwether
Fri Jun 22, 2018 10:20 am by The Invisible

» Sri Lanka's new forex law gets IMF thumps up
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» EU slaps tariffs on US as trade war erupts
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» Top monk asks Sri Lanka’s ex-defence chief to return as ‘Hitler’
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» May inflation at 2.1%
Fri Jun 22, 2018 2:06 am by sashimaal

»  මෙරට විශාලම ආයෝජනය වන හම්බන්තොට වරායේ අවසන් ආයෝජන මුදල වරාය අතට බාර දෙයි
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» CCS.N0000 ( Ceylon Cold Stores)
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» HHL.N0000 ( Hemas Holdings PLC)
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» රුපියල තවදුරටත් පාවීමට ඉඩහැරිය යුතුයි - ජාත්‍යන්තර මූල්‍ය අරමුදල
Thu Jun 21, 2018 7:46 am by serene

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» ඩොලර් බිලියන 10 යි – මහ බැංකුව ඉතිහාසයේ වැඩිම විදේශ විනිමය සංචිතය ගොඩනගයි
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» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Sat Jun 16, 2018 8:20 am by spw19721

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Thu Jun 14, 2018 7:17 am by lanka

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Another blow for senior citizens dependent on interest income

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Another blow for senior citizens dependent on interest income

Post by Future123 on Sun Dec 04, 2016 8:18 pm

"The action to catch senior citizens in the withholding tax net shows the government’s inhuman and stubborn attitude of trying to ‘earn money killing even the dogs’, they said."

Full article:
http://www.sundaytimes.lk/161204/business-times/another-blow-for-senior-citizens-dependent-on-interest-income-218716.html

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Re: Another blow for senior citizens dependent on interest income

Post by First Guy on Mon Dec 05, 2016 7:13 am

I saw this and thought who wrote this? Are these group of senior citizens who have more than 1.5 mil interest income per year? Upto 1.5 mil it is exempt, isn't it?
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Re: Another blow for senior citizens dependent on interest income

Post by smallville on Mon Dec 05, 2016 12:07 pm

Below says, as per the 2016 budget, senior citizens shud be getting 15% for the first 1.5 million they deposit on FDs but only 1 million facilitated up to now. This was questioned from the FM at a Hiru TV program and it was evident dat the FM was not even aware of the scene. So as tis has come to light I think FM shud now make necessary arrangements to facilitate it as his glory at risk now Very Happy

http://www.sundaytimes.lk/161204/business-times/no-interest-in-senior-citizens-deposit-interest-issue-218672.html

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