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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 ...
NewsFirst or News 1st is a Sri Lankan news organization owned by the Capital Maharaja Organization Ltd. [1] News 1st primarily broadcasts news, live on three TV channels (Sirasa TV, Shakthi TV, TV 1, five radio channels (Sirasa FM, Yes FM, Shakthi FM, Y FM and Legends FM), three websites in Sinhala, English & Tamil languages, and social media platforms (YouTube, Facebook, Twitter).
The welfare state of Sri Lanka began to evolve in the 1930s through to the 1970s, and comprises expenditures by the government of Sri Lanka intended to improve health, education, employment and social security. The Sri Lankan system has been classified as a liberal welfare state system.
The International Cricket Council suspended Sri Lanka's membership with immediate effect on Friday, citing government interference in its administration. “The ICC board met today and determined ...
Press freedom is a major concern in Sri Lanka. Both sides in the war make efforts to silence inconvenient reporters. Around 15 reporters received death threats from one faction or the other in 2004 [2] The assassinated reporter Aiyathurai Nadesan, correspondent in Batticaloa for several Tamil media stated just prior to his assassination in 2005:
Central Bank of Sri Lanka; Credit Information Bureau; Department of Excise; Development Lotteries Board; Employees’ Trust Fund Board; Housing Development Finance Corporation Bank; Imports and Exports Control Department; Inland Revenue Department; Insurance Board of Sri Lanka; Kandurata Development Bank; Lanka Puthra Development Bank; National ...