Category: Economic Alert Published on Tuesday, 22 July 2014 04:10
Sri Lankan farmers, small and medium enterprises, service providers, big businesses and households have been afflicted by one of the highest electricity tariffs in the world and uncompetitive fuel costs for many years. This has been undermining the economy’s competitiveness thereby discouraging investment and employment generation. The enormous losses incurred by the CEB and CPC have added to the debt burden imposed on the current and future generations of Sri Lankans.
Last Updated on Tuesday, 22 July 2014 04:19
Category: Economic Alert Published on Thursday, 10 July 2014 07:58
The Indian Budget Speech, to be delivered by Arun Jaitley today, is likely to be the most reform-oriented since Dr. Manmohan Singh’s much heralded effort in 1991. India’s growth rate has halved to 4.5% last year. Policy paralysis has reduced confidence among both domestic and foreign investors. Bureaucratic inertia had stalled the pipeline of large infrastructure projects. The budget deficit had increased to unsustainable levels and inflation was persistently high leading to elevated interest rates that stifled economic activities.
Last Updated on Thursday, 10 July 2014 08:00
Category: Economic Flash Published on Thursday, 26 June 2014 08:07
Unite to Counter the Ugly Head of Extremism
Political stability and social harmony are crucial for creating a conducive enabling environment for sustained development and upliftment of the lives of all Sri Lankans. Any instability on these fronts has serious adverse implications for development. The recent violent disturbances in the country should, therefore, be a matter of the utmost concern to all Sri Lankans.
Last Updated on Thursday, 26 June 2014 08:12