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Private provident funds existed in the private sector, with some companies contributing on a voluntary basis until 1958, when the Employees' Provident Fund was established by S. W. R. D. Bandaranaike following the enactment of the Employees' Provident Fund Act No 15 of 1958 which established the Employees' Provident Fund which made it compulsory for all employers and employees to contribute if ...
The combined North Eastern Province occupied one third of Sri Lanka. The thought of the Tamil Tigers controlling this province, directly or indirectly, alarmed them greatly. On 14 July 2006, after a long campaign against the merger, the JVP filed three separate petitions with the Supreme Court of Sri Lanka requesting a separate Provincial ...
Sri Lanka Freedom Party [18] D. S. Goonesekera: Sri Lanka Freedom Party: 28 May 1963: 25 March 1965: Minister of Labour and Social Services [18] M. H. Mohamed: United National Party: 25 March 1965: 29 May 1970: Dudley Senanayake: Minister of Labour, Employment and Housing [19] [20] M. P. de Zoysa: Sri Lanka Freedom Party: 29 May 1970: 23 July ...
The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka.It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike, [3] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [4]
The short lived North Eastern Province. The number of provinces remained static until September 1988 when, in accordance with the Indo-Lanka Accord, President J. R. Jayewardene issued proclamations enabling the Northern and Eastern provinces to be one administrative unit administered by one elected council, creating the North Eastern Province. [12]
The benefit is payable for 1/3 of the contribution period. The benefit amount is 70% of the legal reference salary plus additional amounts for persons with dependants. The benefit reduces to 60% of the reference salary after six months. The minimum benefit is €497 per month and the maximum is €1087.20 per month for a single person. [64]
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As the unitary state has resulted in uneven development across Sri Lanka, the Western Province dominates over the other eight provinces. Despite declining regional disparity, the Western Province continues to contribute the most to the gross domestic product (GDP), contributing 42%, while the second highest, the Southern Province , only ...