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Finance Minister

In India
June 20, 2017 11:53 am gmt |
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Finance Minister Arun Jaitley announced that India’s biggest tax reform since Independence, the national Goods and Services Tax or GST, will be launched at midnight on June 30. Mr Jaitley said President Pranab Mukherjee, Prime Minister Narendra Modi and two of his predecessors, Dr Manmohan Sing...
In Britain
June 10, 2017 9:45 am gmt |
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British Prime Minister Theresa May kept finance minister Philip Hammond in his job on Friday (June 9), a day after she was weakened by failing to win a parliamentary majority in an election. Before the election there had been widespread speculation in the British media that May would replace Hammond ...
In Britain
November 16, 2016 11:27 am gmt |
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1089
Boris Johnson is offering Britain a vision of life outside the EU that is “intellectually impossible”, a leading European finance minister has said. The foreign secretary reportedly told a Czech paper the UK was likely to leave the EU customs union post-Brexit – but still wanted to ...
In India
November 13, 2016 5:39 am gmt |
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Seeking to address rising concerns as people returned from ATMs and banks across the country without cash, Finance Minister Arun Jaitley Saturday said it may take up to three weeks for all the 2 lakh ATMs to operate normally. Each one has to be calibrated individually to dispense the new sized notes ...
In Business
August 3, 2016 11:58 am gmt |
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Sri Lanka’s private sector is being too risk averse and now is the time to come forward with proposals, Finance Minister Ravi Karunanayake said. He was speaking at the Sri Lanka Economic Summit 2016 organized by the Ceylon Chamber of Commerce. “We have to take greater risk than what we are doing at t...
In Colombo
June 10, 2016 4:10 am gmt |
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The no-confidence motion against Finance Minister Ravi Karunanayake was defeated in Parliament by 94 votes on Thursday (June 9). 145 members of Parliament voted against the motion while 51 members voted in favour of it it and 28 members including the TNA were absent at the time the vote was taken. Th...
In Colombo
June 8, 2016 6:51 am gmt |
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The Vote of No-Confidence Motion against Finance Minister Ravi Karunanayake is taken up in Parliament today (June 8). The debate on the motion will be held from 2pm to 6.30pm. The vote is scheduled at 6.30pm. The NCM was submitted to Speaker Karu Jayasuriya by the Joint Opposition on March 24. It car...
In Colombo
June 1, 2016 10:41 am gmt |
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Finance Minister Ravi Karunanayake said the decision to increase the prices of vehicles was made after considering a request by the vehicle importers. The Minister made this observation while speaking at a press conference held in Colombo on Tuesday (May 31). “We had received written requests from th...
In Colombo
March 24, 2016 11:58 am gmt |
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A no-confidence motion was submitted in Parliament on Thursday (March 24) against Finance Minister Ravi Karunanayake. The motion was signed by 37 members of the joint opposition and handed over to the speaker Karu Jayasuriya. However, the previous no-confidence motion brought against Minister Ravi Ka...
In Srilanka
February 2, 2016 6:09 am gmt |
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Finance Minister Ravi Karunanayake on Monday (Feb 1) revealed that the Government has collected Rs. 232 billion as tax revenue from vehicle imports in 2015, the total tax revenue collected by Sri Lanka Customs amounted to Rs. 783 billion, of which one-third was generated through vehicle import duties...
In Business
December 25, 2015 12:20 pm gmt |
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Sri Lanka will receive $1 billion through foreign exchange remittances from offshore investors within a month, Finance Minister Ravi Karunanayake said Wednesday, a move that could boost the island nation’s faltering reserves. “There will be $500 million inflow this month and another $500 million infl...
In Sports
December 24, 2015 5:25 am gmt |
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Team India’s off spinner Harbhajan Singh is all set to  invest in India’s neighbouring country Sri Lanka. This was made public by the Ministry of Finance in Sri Lanka on Wednesday. Harbhajan met Sri Lanka’s Finance Minister Ravi Karunanayake in his office and discussed investment op...
In Britain
December 10, 2015 9:32 am gmt |
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Britain’s Finance Minister George Osborne answered questions about Syria and Donald Trump in the parliament on Wednesday (December 9). Osborne stood in for Prime Minister David Cameron during the weekly Prime Minister’s questions session in parliament. The minister updated the House of Co...
In Latest Stories
December 2, 2015 6:33 am gmt |
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The voting on the second reading of the budget is due to take place at 5 pm today. While Finance Minister Ravi Karunanayake delivered the budget speech in parliament on the 20th of November, the second reading of the budget was carried out over nine days beginning on the 21st of November. While the c...
In Srilanka
November 26, 2015 4:30 am gmt |
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President Maithripala Sirisena has instructed Finance Minister Ravi Karunanayake to reinstate the reduced tax on beer with less than 5% alcohol content. The tax on low alcohol beer was reduced in the budget 2016 recently to avoid discrepancy of tax in the importation of beers. The tax on imported bee...
In Srilanka
November 21, 2015 4:19 am gmt |
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President Maithripala Sirisena‘s presence at the tea party after the budget and the quick exit of former President and Kurunegala District MP Mahinda Rajapaksa avoiding the reception were notable features in Parliament. MP Wimal Weerawansa who also boycotted the reception was seen making a quick rema...
In Srilanka
November 18, 2015 11:08 am gmt |
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The expansion of the tax net and reduction of prices of ten essential commodities will be among the main proposals of The ‘Budget 2016’ to be presented in Parliament by Finance Minister Ravi Karunanayaka tomorrow, a senior Cabinet Minister disclosed today. “It is a known fact that government’s tax re...
In Srilanka
September 24, 2015 12:29 pm gmt |
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Maiden budget of the National government and the eighth parliament is due on 20 November 2015. Finance minister Ravi karunayake hinted that the country will witness an unprecedented budget in 50 days, while participating in the debate on resolution moved seeking an approval of parliament under approp...
In India
September 18, 2015 5:42 am gmt |
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 India’s Finance Minister and senior leader of the ruling Bharatiya Janata Party (BJP), Arun Jaitley, on Thursday predicted win for his party-led alliance in the upcoming Bihar state elections. Speaking on the sidelines of a function organized by BJP, Jaitley said the youth of the state were d...