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Monday June 3rd, 2024

Sri Lanka to lose billion rupees in alcohol tax from Vesak store closure

ECONOMYNEXT – Sri Lanka will close liquor stores during Vesak, Buddhist religious holiday, resulting in a tax revenue loss of around one billion rupees for the government, the Department of Excise said.

Following a decision by the Ministry of Buddhasasana, Religious, and Cultural Affairs, liquor stores will be closed from May 4-6, including the day before Vesak festival, a spokesman for the Excise Department of Sri Lanka told EconomyNext.

“The decision to close liquor stores for three days will cost the government 337 million rupees per day”.

In Sri Lanka alcohol stores are closed on Full Moon Poya days which are public holidays. Some customers buy extra alcohol the day before.

State Minister of Finance Ranjith Siyambalapitiya had said that only 64 percent of the expected revenue by the liquor tax department had been collected in the first quarter.

However, the Inland Revenue Department has earned 105 percent of its target, he said. Excise, Inland Revenue and Customs are the three main tax collecting agencies.

In Sri Lanka liquor stores have to be closed by 9.00 pm and there are also laws limiting their locations.

The Cabinet of Ministers approved a proposal earlier this year to introduce a new excise act to replace a 111-year-old excise ordinance that dates back to the colonial days and President Ranil Wickremesinghe, as Finance Minister, had directed legal draftsman to draft a new Excise bill. (Colombo/May03/2023)

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  1. Don says:

    All of what we practice in this country appears to be just eye washes.. unfoxed spirituality is not spiritual at all. If one decides to be spiritual and follow the words of the philosopher no amount of liquor shops can force that person to deviate his courage.

    By enforcing such baseless rules none will achieve success. We are a nation of primitive cultural beliefs.

    Each direction you turn your head some sort of a temple or a statue will appear. Two times a day loudspeakers make all sorts of nonsense. It is a violation of the rites of a peaceful sleep one is entitled to in the morning.

    We need to grow beyond those useless beliefs which fall down from one generation to another.

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Your email address will not be published. Required fields are marked *

  1. Don says:

    All of what we practice in this country appears to be just eye washes.. unfoxed spirituality is not spiritual at all. If one decides to be spiritual and follow the words of the philosopher no amount of liquor shops can force that person to deviate his courage.

    By enforcing such baseless rules none will achieve success. We are a nation of primitive cultural beliefs.

    Each direction you turn your head some sort of a temple or a statue will appear. Two times a day loudspeakers make all sorts of nonsense. It is a violation of the rites of a peaceful sleep one is entitled to in the morning.

    We need to grow beyond those useless beliefs which fall down from one generation to another.

Water levels rising in Sri Lanka Kalu, Nilwala river basins: Irrigation Department

Sri Lanka Navy assisting in rescue operations (Pic courtesy SL Navy)

ECONOMYNEXT – Sri Lanka’s Irrigation Department has issued warnings that water levels in the Kalu and Nilwala river basins are rising and major flooding is possible due to the continuous rain. People living in close proximity are advised to take precautions.

“There is a high possibility of slowly increasing prevailing flood lowline areas of Kiriella, Millaniya, Ingiriya, Horana, Dodangoda, Bulathsinhala, Palinda Nuwara and Madurawala D/S divisions of Ratnapura and Kalutara Districts, up to next 48 hours,” it said issuing a warning.

“In addition, flood situation prevailing at upstream lowline areas of Ratnapura district will further be prevailing with a slight decrease.

“The residents and vehicle drivers running through those area are requested to pay high attention in this regard.

“Disaster Management Authorities are requested to take adequate precautions in this regard.”

The island is in the midst of south western monsoon.

DMC reported that 11,864 people belonging to 3,727 families have been affected due to the weather in Rathnapura, Kegalle, Kilinochchi, Jaffna, Mullaitivu, Kalutara, Gampaha, Colombo, Galle, Matara, Hambantota, Puttalam, Kurunegala, Kandy, Nuwara Eliya, Anuradhapura, Polonnaruwa, Badulla, Moneragala, and Trincomalee districts.

Meanwhile, the Meteorology Department stated that showers are expected on most parts of the island today.(Colombo/June3/2024)

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UNP gen secy defends call for postponing Sri Lanka poll, claims opposition silent

The UNP party headquarters in Pitakotte/EconomyNext

ECONOMYNEXT — United National Party (UNP) General Secretary Palitha Range Bandara has defended his call for postponing Sri Lanka’s presidential election by two years, claiming that his proposal was not undemocratic nor unconstitutional.

Speaking to reporters at the UNP headquarters Monday June 03 morning, Bandara also claimed that neither opposition leader Sajith Premadasa nor National People’s Power (NPP) leader Anura Kumara Dissanayake have spoken against his proposal.

“I have made no statement that’s undemocratic. My statement was in line with provisions of the constitution,” the former UNP parliamentarian said.

He quoted Section 86 of Chapter XIII of the constitution which says: “The President may, subject to the provisions of Article 85, submit to the People by Referendum any matter which in the opinion of the President is of national importance.”

Sections 87.1, 87.2 also elaborates on the matter and describes the parliament’s role, said Bandara.

“I spoke of a referendum and parliament’s duty. Neither of this is antidemocratic or unconstitutional. As per the constitution, priority should be given to ensuring people’s right to life,” he said.

“Some parties may be against what I proposed. They may criticse me. But what I ask them is to come to one position as political parties and make a statement on whether they’re ready to continue the ongoing economic programme,” he added.

Bandara claimed that, though thee has been much criticism of his proposal for a postponement of the presidential election, President Wickremesinghe’s rivals Premadasa and Dissanayake have yet to remark on the matter.

“I suggested that [Premadasa] make this proposal in parliament and for [Dissanayake] to second it. But I don’t see that either Premadasa nor Dissanayake is opposed to it. To date, I have not seen nor heard either of them utter a word against this. I believe they have no objection to my proposal which was made for the betterment of the country,” he said. (Colombo/Jun03/2024)

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300 of 100,000 trees in Colombo considered high risk: state minister

ECONOMYNEXT – Trees in Sri Lanka’s capital Colombo are being monitored by the municipal council, Army and Civil Defense Force as the severe weather conditions continue, State Minister for Defense Premitha Bandara Tennakoon said.

“Within the Colombo Municipal Council city limits, there are 100,000 trees. Of these, around 300 are considered high risk,” Tennakoon told reporters at a media conference to raise awareness about the current disaster management situation.

Not all trees required to be cut down he said. “We can trim some of the branches and retain them.”

The problem was that buildings in the vicinity of the tree had cut branches on one side, causing it to become unbalanced, the minister said.

New laws would be brought in so provincial/municipal institutions could strengthen enforcement of building codes.

“We don’t have a single institution that can issue a warning about a tree. Not one to tell us what trees can or cannot be planted near a road.

“Trees should be suitable for the area. Some trees have roots that spread and damage roads, buildings. When the roots can’t go deep, they tend to topple over.

“Now Environment Day is coming up, and anyone can go plant a tree by the road. We have to take a decision about this. We have to enforce laws strongly in future.” (Colombo/June3/2024)

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