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June 08, Colombo: Sri Lanka Opposition Leader Ranil Wickremasinghe has said the government was trying to legalize pilfering monies from the EPF and ETF accounts.
UNP Leader Ranil Wickremasinghe today alleged that government is using the EPF and ETF funds to pay off government debt. He added that the government has shamelessly robbed the people of their hard earned money. .
- President tells one story to India, another to us, says Sri Lanka Kandy District Parliamentaria... (Category: Breaking News)
- NGO's to work against SriLanka at UNHRC (Category: Breaking News)
- Analysis: Will web 'snoop' plans work? (Category: Technology)
- This Week in Government: Board of County Commissioners discuss replacing senator for SD48 (Category: USA, Montana)
The government has decided to amend the Employees’ Provident Fund (EPF) and Employees’ Trust Fund (ETF) Acts. Treasury Secretary Dr. P.B. Jayasundera has said the EPF and ETF Acts would be amended to make provision for the proposed pension scheme for the private sector. The Finance Ministry
- Sri Lankan government to amend EPF and ETF Acts amidst trade union concerns (Category: Breaking News)
- EPF and ETF tangled up! (Category: Business)
- Seminar on EPF/ETF and employee benefits (Category: Business)
- Separate funds for Private Pension (Category: Breaking News)
May 28, Colombo: Amidst concerns raised by trade unions in Sri Lanka, the government has decided to amend the Employees' Provident Fund (EPF) and Employees' Trust Fund (ETF) Acts.
Finance Secretary Dr. P.B. Jayasundera has emphasized that under the proposed pension scheme for the private sector, pensions will be granted in addition to the Employees Provident Fund and the Employees Trust Fund. Dr. Jayasundera said a Pensions Fund would exist, in addition to the Employees Provident Fund, the Employees Trust Fund and the Gratuity. ...
- New Employees' Pension Fund to be established (Category: Breaking News)
- EPF INTEREST raised TO 13% (Category: Breaking News)
- EPF office is declared open in Jaffna (Category: Breaking News)
- PB: Will Amend EPF And ETF Acts (Category: Breaking News)
The Government is under strong criticism instead of praise due to the baseless and false campaign mooted by the opposition with regard to the proposed pension scheme. This was stated by Minister Basil Rajapaksa. The Minister pointed out that the private sector employees will not lose their Employees Provident Fund, Employees Trust Fund and even ...
- Wash. bill would end state's 'retire-rehire' policy (Category: USA, Washington)
- Government pension for all (Category: Breaking News)
- Sri Lanka government postpones parliamentary debates on private sector pension schemes (Category: Breaking News)
- Employees Pension Fund to be established (Category: Breaking News)
deductions for EPF will be continuously credited to ...
- Now, govt. mulls social security system as in US (Category: Breaking News)
- Sri Lanka government streamlines pensions of the public servants with IT (Category: Breaking News)
- “Make pension scheme similar to MP’s” (Category: Breaking News)
- Samurdhi Officers Ask For Non-Contributory Pension Scheme (Category: Breaking News)
The UNP has said the government should contribute monies to the proposed private pension fund without utilizing the Employees Provident Fund (EPF) and Employees Trust Fund (ETF) funds. UNP National Organizer and parliamentarian Ravi Karunanayake told the media that instead of contributing monies
- Govt. trying to steal from EPF: UNP (Category: Breaking News)
- Main opposition of Sri Lanka calls on the government to contribute monies to proposed private se... (Category: Breaking News)
- Private sector trade unions of Sri Lanka accuse government of trying to swindle EPF monies again (Category: Breaking News)
- Private sector trade unions in Sri Lanka to campaign against alleged misuse of EPF monies (Category: Breaking News)
May 23, Colombo: Sri Lanka's main opposition United National Party (UNP) has said the government should contribute monies to the proposed private pension fund without utilizing the Employees Provident Fund (EPF) and Employees Trust Fund (ETF) funds.
- Eastern Iowa McDonald's owner gives $25,000 for derecho recovery (Category: USA, Iowa)
- Empty Stocking Fund brings in more than double its goal (Category: USA, New Mexico)
- Eastern Iowa McDonald's owner gives $25,000 for derecho recovery (Category: USA, Iowa)
- Eastern Iowa McDonald's owner gives $25,000 for derecho recovery (Category: USA, Iowa)
Trade unions have decided to lodge complaint with the International Labor Organization (ILO) about the government’s proposed pension scheme for the private sector. Private sector unions have objected to the proposed pension scheme stating it was not beneficial to the private sector workers and that the government was using the workers’ funds to set up ...
- Sri Lankan government to present private sector pension bill in parliament next month (Category: Breaking News)
- Garment employees excluded from Pension Scheme (Category: Breaking News)
- Sri Lanka Trade unions to protest outside the Labor Secretariat against proposed pension scheme (Category: Breaking News)
- More trade unions in Sri Lanka oppose proposed pension scheme (Category: Breaking News)
More To Exit following UN Report The stock market continued to lose its momentum as predicted in the lead story on these pages in its last week’s edition, compounded by foreigners fleeing the market, made worse by the UN’s negative war report on the island. “There is panic selling by foreigners in the backdrop of ...
- Broker Credit Drives Up Market (Category: Breaking News)
- Mafia Manipulates Bourse (Category: Breaking News)
- Milanka Index turns positive after 17 months (Category: Business)
- Stock market struggles on 2012 debut (Category: Business)
President Mahinda Rajapaksa said that the government has decided to create three separate funds to accommodate the proposed controversial Private Pension Scheme instead of obtaining funds from ETF, EPF and Gratuity. Accordingly, three separate funds, The Employees’ Pensions Benefit Fund
- Three funds for pensions (Category: Breaking News)
- Treasury to use part of IMF s first tranche to pay public sector salaries? (Category: Breaking News)
- Main opposition of Sri Lanka calls on the government to contribute monies to proposed private se... (Category: Breaking News)
- Sri Lanka Opposition Leader asks government to reveal investments made by the private sector ret... (Category: Breaking News)
President Mahinda Rajapaksa said that the government has decided to create three separate funds to accommodate the proposed controversial Private Pension Scheme instead of obtaining funds from ETF, EPF and...
Several trade unions are to hold a conference on Tuesday (26) to create awareness among the people about the ill effects of the government’s proposed private sector pension scheme. Ceylon Teachers’ Union (CTU) head, Joseph Stalin told Colombo Page that the union together with several others have organized a conference on Tuesday morning at the ...
- Now, govt. mulls social security system as in US (Category: Breaking News)
- Will shut down Labour ministry - ICEU (Category: Breaking News)
- Samurdhi Officers Ask For Non-Contributory Pension Scheme (Category: Breaking News)
- Pension scheme for private sector (Category: Breaking News)
Banks’ Profits Up 111% The banking industry achieved a considerably high level of profits in 2010. Profit after tax amounted to Rs. 57.5 billion last year, a 111% growth in comparison to a Rs. 27.2 billion profit in 2009. The significant growth in profitability was mainly attributed to a higher increase in fee-based income, a ...
- Market Expects Rate Hike (Category: Breaking News)
- Ceylinco Insurance announces 65% dividend (Category: Business)
- Rupee Strengthens, But Illiquid Status Worsens (Category: Breaking News)
- JKH forges with solid growth (Category: Business)
By Dr.Vickramabahu Karunaratne We are happy to see that this May Day has become a day to challenge the Oppression of Mahinda state. Many strong trade unions have come together to challenge the chauvinist pro global capitalist government. Government is...
- Mom juggles stress, challenges of making home a classroom (Category: USA, North Dakota)
- Mom juggles stress, challenges of making home a classroom (Category: USA, North Dakota)
- Time to move on railyards site (Category: Australia, Tasmania )
- Stop living like parasites, Kiriella tells govt. MPs (Category: Breaking News)
A political expert contacted for an explanation on how the Bill to establish a private sector Employees’ Pension Scheme could go through parliament so urgently. He insisted no “Urgent Bill” could be brought up for debate in parliament without first being presented in the Supreme Courts. This insistence took our mind back to an anecdote ...
- SC: Pension Scheme In Accordance With Constitution (Category: Breaking News)
- Sumanthiran At His Best (Category: Breaking News)
- Expropriation Bill: Govt. intentions not bona-fide (Category: Business)
of the Yugadhanavi plant were the Treasury, the EPF, ...
- Full capacity at Sri Lanka thermal power plant restored (Category: Breaking News)
- Chinese company accused over incidents at Norochcholai (Category: Breaking News)
- Sri Lanka Engineers install Hydro Power plant in Uganda (Category: Breaking News)
- Power cuts out from today (Category: Breaking News)
were the Treasury, the EPF, Lanka ...
- CPC Suspends Fuel Supplies To Power Plant (Category: Breaking News)
- Sri Lanka's CPC suspends supply of heavy fuel to power plant due to outstanding dues (Category: Breaking News)
- CPC suffering losses due to finanical mismanagement (Category: Breaking News)
- CPC suspends heavy fuel supply to Yugadanavi Power Plant (Category: Breaking News)
Samurdhi officers’ trade unions have rejected the contributory pension scheme for public sector employees and has agreed to a non-contributory scheme. The government has proposed a contributory pension scheme to public sector employees who were not eligible to receive pensions. The Samurdhi Development Officers Union (SDOU) has told the media that the Samurdhi officers were ...
- Sri Lanka Samurdhi officers' union asks for a non-contributory pension scheme (Category: Breaking News)
- Sri Lanka to launch pension schemes for all employees from May 01 (Category: Breaking News)
- SAMURDHI FOR THE NORTH AND EAST AS WELL (Category: Breaking News)
- Government’s target is to make Samurdhi recipients prosperous (Category: Breaking News)
The gross income of the Employees Provident Fund was Rs.121.3 billion, which is 10.6 percent higher compared to that of the preceding year. By the year 2010, the total value of the Fund has reached Rs.900 billion registering a growth of 16.9 per cent over that of 2009 reveals Central Bank reports.
The Inter Company Employees Union (ICEU) has called on the government to establish a pension scheme for the private sector employees. ICEU Head Wasantha Samarasinghe told a press conference that the union is to also take the matter to the International Labour Organization (ILO) and the World Trade Union Federation (WTUF). According to Samarasinghe, the ...
- Samurdhi Officers Ask For Non-Contributory Pension Scheme (Category: Breaking News)
- Teargas used to disperse protestors (Category: Breaking News)
- Sri Lanka's private sector trade union to discuss proposed pension scheme with employees and oth... (Category: Breaking News)
- Sri Lanka private sector trade unions threaten to continue protests against proposed pension sch... (Category: Breaking News)
The total value of the Employees Provident Fund has risen to 900 Billion Rupees. The Central Bank said this was the highest value of the Fund. This surge is attributed to the generation of more new jobs and a hike in the salaries of the Private Sector. The value of the Employees Provident Fund in ...
- Sri Lanka government relieves Central Cultural Fund from VAT due (Category: Breaking News)
- Employees’ Provident Fund (Category: Breaking News)
- Eastern Iowa McDonald's owner gives $25,000 for derecho recovery (Category: USA, Iowa)
- Empty Stocking Fund brings in more than double its goal (Category: USA, New Mexico)
Feb 12, Colombo: Private sector trade unions in Sri Lanka have opposed the government's move to introduce amendments to the Employees' Provident Fund (EPF) Act.
Government presented a bill seeking provision for employees to withdraw 30 percent of EPF (Employee Provident Fund) fund for housing and medical treatment
No Investments With the market throwing up an excess liquidity of more than Rs. 120 billion day, day in day out, and signs being that investments have not picked up, are all favourable indicators for the prevalence of a low interest regime in the economy, a market source told this reporter. The market has no ...
- Debutant duo delights (Category: Business)
- Asia Asset Finance soars on debut (Category: Business)
- Retailers keep bourse active (Category: Business)
- Stock market turnover dips to over 3 year low (Category: Business)
The total value of the Employees Provident Fund has increased. The Central Bank attributed this to the many new jobs generated. The current asset base of the EPF has risen to 900 Billion Rupees. The Central Bank said it is the highest value achieved by the EPF. The generation of many jobs
- EPF’s response to S&P’s Statement (Category: Business)
- Building of the Asian model begins on a disastrous note: 3 lakhs lose their jobs in one year!! ... (Category: Breaking News)
- Rs. 1 trillion richness for EPF (Category: Business)
- Sri Lanka Central Bank responds to S&P concerns on private sector retirement fund (Category: Breaking News)
The Employees Provident Fund(EPF) asset base crossed the Rs 900 billion mark for the first time in its history, Central Bank Governor Ajith Nivard Cabraal said. According to the CB Governor, the emergence of new employment opportunities in recent times and the increase of salaries in the private
Excess Liquidity, Small Forex Market Excess liquidity coupled with low volumes of foreign exchange traded have been continuing to bug markets here, which a source attributed as being are reflection of the low levels of economic activity taking place in the country. Despite a spike last Friday, the foreign exchange (forex) market has been averaging ...
- Liquidity, Reserves, Grant Space (Category: Breaking News)
- Money Market’s Illiquid Status Deepens (Category: Breaking News)
- ER Holds At Rs. 130 (Category: Breaking News)
- Liquidity Dries Up (Category: Breaking News)
The “drag down” of the bourse which began a couple of weeks ago will continue till the year end because of the holiday season that would lead to a further contraction in demand as a result. The “light at the end of the tunnel” may once more be seen if foreigners re-enter the market, a ...
- Foreign, Local Interest In Bourse (Category: Breaking News)
- Market Sentiment Weak (Category: Breaking News)
- Why Foreigners Shun Bourse (Category: Breaking News)
- Bourse rises to 2-month high on foreign buying (Category: Business)
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