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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 employer of every employee to whom this Act applies shall be liable to pay an amount equal to three per centum (3%) of the total earnings including Wages, salary or fees, Cost of living allowance, special living allowance and other similar allowances, Payment in respect of holidays, The cost value of cooked or uncooked food provided by the employer to employees, Meal allowance and Any ...
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 ...
Key takeaways. Check your balance online, on the phone, through your bank's mobile app, at the ATM and with bank statements. A bank teller can provide account details in person.
TV Derana is the first channel that hosted a reality show for children in Sri Lanka. The first season was named as Derana Star in a Minute [ 18 ] and the rest of the seasons as Derana Little Star . Up to date, nine seasons of Little Star were finished and the grand finale of tenth season was held on 27 June 2020.
TV 1 is a Sri Lankan general entertainment television channel that provides content in both English and Sinhalese, aimed at the youth market. It was founded in 1992 as MTV Newsvision, making it one of Sri Lanka's first privately owned television channels. [1] Its sister channel, MTV, was renamed Sirasa TV in June 1998, and MTV Newsvision was ...
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