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Tax on corporations, relief for poor; new government's "robin hood" budget

Thu, 29 January 2015 21:28 | Economy

(NIDAHASA News) Sri Lanka's new government presented an interim budget with sweeping relief for poor they promised in election manifesto. Supersized taxes on Casinos and large corporations expected to cover the cost of unprecedented generous budget giveaways; a Robin-hood style take, according to local media, by a government led by a Prime accused by opposition for neo liberalist policies in his last administration.

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More challanges ahead for Sri Lanka's new president

Sat, 17 January 2015 11:07 | Political

(NIDAHASA News) Pope Francis, ending his Sri Lanka visit on Thursday (15), said it would not be easy to overcome the "bitter legacy" of injustice and hostilities in the island nation. In fact, for the newly elected President who promised a "compassionate rule" with justice and harmony restored, the task seems to be more challenging than winning the election, beating Rajapaksa in a highly unfair race.

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Rajapaksa tries dirty tricks in a last bid to stay in power

Sun, 11 January 2015 11:13 | Political

(NIDAHASA News) While Sri Lanka's newly elected president Maithirpla Sirisena calls for a all party government, former president Mahinda Rajapaksa tries to regain the power in his Sri Lanka Freedom Party (SLFP), likely with the intention of toppling new interim government which promised to carryout massive reformations within hundred days.

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Sri Lanka decides to send Rajapaksa home

Fri, 09 January 2015 00:26 | Political

(NIDAHASA News) Sri Lanka finally sees the end of decade-long Rajapaksa rule, after President was beaten by his one time colleague Maithirpala Sirisena in yesterday's (08) presidential poll.

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