The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting
Search
Display results as :
Advanced Search
Latest topics
Tokyo CementYesterday at 9:42 amRajapaksap
Insider Dealings Fri Nov 20, 2020 2:30 ampjrngroup
UML United MotorsTue Nov 10, 2020 8:50 amThe Invisible
ExpolankaMon Nov 09, 2020 8:46 pmsmallville
Plantation Sector UpdatesSat Nov 07, 2020 8:15 amRajapaksap
HAYC - HaycarbFri Nov 06, 2020 12:11 pmsubash
LWL.N0000 (Lanka Walltiles PLC)Fri Oct 16, 2020 12:50 amsubash
CSE Daylight Robbery !Mon Sep 21, 2020 9:54 pmYin-Yang
Trading Journal Tue Sep 15, 2020 10:37 pmThe Invisible
AEL Access EngineeringTue Sep 15, 2020 7:24 pmsmallville
CFVF - First CapitalWed Sep 09, 2020 9:42 pmWonderer
Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Go down
avatar
subash
Posts : 88
Join date : 2015-10-19

Investment-driven Budget 2021 – Cabraal Empty Investment-driven Budget 2021 – Cabraal

on Sun Nov 15, 2020 3:58 pm
State Minister of Money and Capital Market and State Enterprise Reforms, Ajith Nivard Cabraal said there are several new ventures that will be promoted through Budget 2021 to ensure that the people will make investments and that it will be an investment-driven Budget.
The Government has about 289 ongoing projects, each more than billions of rupees. We will ensure that those projects are completed fast and the growth momentum maintained. These avenues are open to the Government and the country, which we will promote, the State Minister told the Sunday Observer yesterday.
We also wish to ensure that the macro fundamentals remain stable. That is, the rupee to be stable and interest rates to be stable at lower rates. We must ensure that the reserves are built and unemployment is kept in check, which will help take the country forward in the next five years, he said. State Minister Cabraal said several priorities will be identified in the Budget. One is the water-based projects to ensure that the people will enjoy pipe borne water in the future.
At present, nearly 42 to 43 percent of the people have pipe borne water and we wish to increase that to 95 percent. During the tenure of President Mahinda Rajapaksa, only 70 percent of the population had electricity, but the Government increased the coverage to 99 percent. We will also be looking at 100,000 kilometres of road projects which be supported by the Government.
He said Foreign Direct Investments (FDIs) should flow into the country, for which we are arranging new pockets of sources.

One is the Port City. The second, Port-related activities, and the third, the farmer industry where we have already allocated 400 acres of land. We are also promoting the improvement of educational and health facilities.
Cabraal said that the Government will also address the human-elephant conflict to ensure that people in 14 districts who are suffering will be given support. Several economic activities have beenstalled due to the human-elephant conflict and we need to address it.
When asked whether the current global economic stagnation will have its constraints on the Budget implementation, he said there will always be challenges, but the implementation of the Budget is a commitment we need to ensure. “I think we are working well in management techniquesand have been in the forefront in many challenging tasks in the past. I am confident that with the expertise and the commitment of the President, the Prime Minister, Cabinet of Ministers and other Government officials, we could achieve what has been set out in Budget 2021,” he said.
The Invisible
The Invisible
Posts : 2909
Join date : 2016-11-28
Age : 41

Investment-driven Budget 2021 – Cabraal Empty Re: Investment-driven Budget 2021 – Cabraal

on Tue Nov 17, 2020 2:49 pm
2021 budget proposal - "A 50% income tax exemption to local companies if they register before 31 December 2020 to be listed in the Stock market". This can be a huge benefit to those companies if they do and must be from Cabraal.

කිත්සිරි ද සිල්වා likes this post

කිත්සිරි ද සිල්වා
කිත්සිරි ද සිල්වා
Top contributor
Top contributor
Posts : 8719
Join date : 2014-02-23
Age : 62
Location : රජ්ගම

Investment-driven Budget 2021 – Cabraal Empty Re: Investment-driven Budget 2021 – Cabraal

on Tue Nov 17, 2020 5:24 pm
That is an enormous work and I feel more time should have been given to companies.
At least 180 days.

The Invisible wrote:2021 budget proposal - "A 50% income tax exemption to local companies if they register before 31 December 2020 to be listed in the Stock market". This can be a huge benefit to those companies if they do and must be from Cabraal.

Power sector 04 years tax relief for Renewable energy private sector power supplies.

_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
The Invisible
The Invisible
Posts : 2909
Join date : 2016-11-28
Age : 41

Investment-driven Budget 2021 – Cabraal Empty Re: Investment-driven Budget 2021 – Cabraal

on Tue Nov 17, 2020 6:22 pm
Later the alert said if the companies listed before 31st December 2021 they can get 50% exemption.

කිත්සිරි ද සිල්වා likes this post

Back to top
Permissions in this forum:
You cannot reply to topics in this forum