Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka government has decided to limit recurrent costs, trade unions say
Sun, Dec 16, 2012, 02:01 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 16, Colombo: Sri Lanka trade unions say that the government has taken steps to cut all the public employees' allowances except salaries severely burdening the public employees with a financial crisis.

Trade unions say that the Secretary of the Ministry of Finance Dr. P.B. Jayasundara has instructed the secretaries of the Ministries to be extremely thrifty at a meeting held on December 11 at the Ministry of Finance.

According to reports, the Secretary of the Ministry of Finance has instructed the Ministry secretaries to pay only the salaries of the public employees and slash the other recurrent costs like overtime, extra allowances and fuel allowance.

According to the trade unions the government has taken this step due to the increase of overdraft of the state current accounts over 200 billion rupees.

The heads of the Bank of Ceylon and the People's Bank have warned the government regarding the phenomenon, trade unions said.



ColomboPage - Recent 10 Stories
International Commission of Jurists calls on Sri Lanka to implement recommendations of Consultation Task Force
-- [8 hours ago]
President pledges to increase funding for research and development
-- [9 hours ago]
Motor vehicle enthusiasts to gather at Ceylon Motor Show 2017 - a showcase of the best of modern cars and classic vehicles in Sri Lanka
Sailors of USS Hopper restores the resting place of first US envoy to Sri Lanka in Galle
Heavy rainfall expected in Sri Lanka as over one million people affected by severe drought
President sets price ceiling for imported rice, instructs to expedite drought relief
Police to check all vehicles for covering driver side windows
President to take action against removal of head of Lanka Coal Company
Three bidders for Sri Lanka national carrier shortlisted
IMF commends Sri Lanka's strategy to create financial discipline

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.