Budget for 2015.

soileconomy · 1 Budget for 2015. Wed Oct 08, 2014 7:16 am

soileconomy

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What will be the areas that budget may affect positively or negatively ?
Automobile industry .......will there be a duty hike?..
Fuel will be reduced further?.....
Taxes on imported food items will be reduced.......
Exports of goods will be less levyed???...
Presidential election is on the cards...more benefits will be offered.,....
What do you think friends...........

lakmal87 · 2 Re: Budget for 2015. Wed Oct 08, 2014 8:12 am

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I don't think increase the import duty.. autmobile industry..

CSE1 · 3 Re: Budget for 2015. Wed Oct 08, 2014 9:54 am

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Santa coming early cheers

soileconomy · 4 Re: Budget for 2015. Wed Oct 08, 2014 10:34 am

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lakmal87 wrote:I don't think increase the import duty.. autmobile industry..

May be for hybrid vehicles there will be a hike.Essential items will be much cheaper like milk powder will tax net will be widen.they may prepare the budget targeting common man according to target of presidential election.Sometimes fuel prices may bring down.

SHARK aka TAH · 5 Re: Budget for 2015. Wed Oct 08, 2014 10:46 am

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More concessions will be offered.... but who cares ...who can guarantee every hike or reduction is as per the budget. all prices of essential commodities have been changed outside budget proposals....the budget is now limited only to a speech and nothing else. fags alcohol prices go up before budget, lpg petrol and diesel change every now and then.... so nothing within budget. its only a political circus.dont put too much stress and importance on budget of GoSL and buy shares Very Happy

MARKETWATCH2 · 6 Re: Budget for 2015. Wed Oct 08, 2014 12:09 pm

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May be good for export oriented/value added companies/Rural development companies. May be something like export concessions duty drawback. Possible areas: poultry, tea, fruits, herb and spices export

worthiness · 7 Re: Budget for 2015. Wed Oct 08, 2014 2:41 pm

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Utmost requirement is protecting local farmers providing them tools, fertilizer & technology. Also, efficient plan of buying farmers' products at a reasonable price eliminating intermediaries. Benefits should be given to export oriented manufacturers to enhance the product standard & volume of output facilitating to penetrate new markets. This will meet the part of budget expectation that will pave the way to coming election.

kumarweerarathne · 8 Re: Budget for 2015. Wed Oct 08, 2014 3:42 pm

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What will happen to the interest rates???

SHARK aka TAH · 9 Re: Budget for 2015. Wed Oct 08, 2014 3:49 pm

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kumarweerarathne wrote:What will happen to the interest rates???

They will keep it as it is, until they see a tangible reflection of same. There is an interesting article on Daily mirror on yesterdays edition.

Smile

SHARK aka TAH · 10 Re: Budget for 2015. Wed Oct 08, 2014 3:54 pm

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worthiness wrote:Utmost requirement is protecting local farmers providing them tools, fertilizer & technology. Also, efficient plan of buying farmers' products at a reasonable price eliminating intermediaries. Benefits should be given to export oriented manufacturers to enhance the product standard & volume of output facilitating to penetrate new markets. This will meet the part of budget expectation that will pave the way to coming election.

It is also worth to hear the plantation sector management companies.....

Plantation rally will start once GoSL give tax reductions on tea and rubber machinery imports and allow duty free vehicles such as D/cabs and transport vehicles ... which will give a level playing fields against other countries and to stay profitable.

there was an article about Rohan & Mahinda Samarasinghe regarding the much awaited CESS fund to be made available bounce

Probably yesterday on an English newspaper..

This would be welcome news

NC · 11 Re: Budget for 2015. Wed Oct 08, 2014 4:02 pm

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SHARK aka TAH wrote:

worthiness wrote:Utmost requirement is protecting local farmers providing them tools, fertilizer & technology. Also, efficient plan of buying farmers' products at a reasonable price eliminating intermediaries. Benefits should be given to export oriented manufacturers to enhance the product standard & volume of output facilitating to penetrate new markets. This will meet the part of budget expectation that will pave the way to coming election.

It is also worth to hear the plantation sector management companies.....

Plantation rally will start once GoSL give tax reductions on tea and rubber machinery imports and allow duty free vehicles such as D/cabs and transport vehicles ... which will give a level playing fields against other countries and to stay profitable.

there was an article about Rohan & Mahinda Samarasinghe regarding the much awaited CESS fund to be made available
Probably yesterday on an English newspaper..

This would be welcome news

Hope this..
http://www.dailymirror.lk/business/features/53348-tea-promotional-cess-finally-at-disposal.html

NC · 12 Re: Budget for 2015. Wed Oct 08, 2014 4:07 pm

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And I don't think Govt. can reduce fuel / electricity prices further,as it's impossible to bear the cost.
However, if so, its definitely short term targeting Presidential election..

Fairtrade · 13 Re: Budget for 2015. Wed Oct 08, 2014 4:09 pm

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Definitely good for manufacturing companies. Companies depending on import trading will have a hit. Govt encourage inland manufacturing rather than importing. I don't think there is a hike in levies on motor vehicle too. Probably they will not touch that sector. As Govt explain this will be a budget which aims the presidential election so called a peoples' budget. Rubber industry will have a little relief with a minimum price. Rubber imports will be levied hugely.

kumarweerarathne · 14 Re: Budget for 2015. Wed Oct 08, 2014 4:34 pm

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SHARK aka TAH wrote:

kumarweerarathne wrote:What will happen to the interest rates???

They will keep it as it is, until they see a tangible reflection of same. There is an interesting article on Daily mirror on yesterdays edition.

But shark there is possibility of reducing rates since banking credit to the public has been dipping. Govt expect more credit to the private sector / investments.

soileconomy · 15 Re: Budget for 2015. Wed Oct 08, 2014 6:22 pm

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kumarweerarathne wrote:

SHARK aka TAH wrote:

kumarweerarathne wrote:What will happen to the interest rates???

They will keep it as it is, until they see a tangible reflection of same. There is an interesting article on Daily mirror on yesterdays edition.

But shark there is possibility of reducing rates since banking credit to the public has been dipping. Govt expect more credit to the private sector / investments.

.
Since they expect a positive credit growth in this quarter interest rates will remain as it is.They will reduce further if they do not get expected credit growth.According to some leading banks now they are experiencing a reasonable growth other than pawning.

soileconomy · 16 Re: Budget for 2015. Wed Oct 08, 2014 6:24 pm

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NC wrote:

SHARK aka TAH wrote:

worthiness wrote:Utmost requirement is protecting local farmers providing them tools, fertilizer & technology. Also, efficient plan of buying farmers' products at a reasonable price eliminating intermediaries. Benefits should be given to export oriented manufacturers to enhance the product standard & volume of output facilitating to penetrate new markets. This will meet the part of budget expectation that will pave the way to coming election.

It is also worth to hear the plantation sector management companies.....

Plantation rally will start once GoSL give tax reductions on tea and rubber machinery imports and allow duty free vehicles such as D/cabs and transport vehicles ... which will give a level playing fields against other countries and to stay profitable.

there was an article about Rohan & Mahinda Samarasinghe regarding the much awaited CESS fund to be made available
Probably yesterday on an English newspaper..

This would be welcome news

Hope this..
http://www.dailymirror.lk/business/features/53348-tea-promotional-cess-finally-at-disposal.html

.
Thanks for the link.NC.
This is a much waited good news for tea plantation companies.

Sarabulathwita · 17 Re: Budget for 2015. Wed Oct 08, 2014 6:24 pm

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If tax on essentail goods are to be reduced; the govement should impose taxes on luxuries like motor vehicle. In SL MVs are luxuries unlike other countries

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Budget for 2015.

1 Budget for 2015. Wed Oct 08, 2014 7:16 am

soileconomy

2 Re: Budget for 2015. Wed Oct 08, 2014 8:12 am

lakmal87

3 Re: Budget for 2015. Wed Oct 08, 2014 9:54 am

CSE1

4 Re: Budget for 2015. Wed Oct 08, 2014 10:34 am

soileconomy

5 Re: Budget for 2015. Wed Oct 08, 2014 10:46 am

SHARK aka TAH

6 Re: Budget for 2015. Wed Oct 08, 2014 12:09 pm

MARKETWATCH2

7 Re: Budget for 2015. Wed Oct 08, 2014 2:41 pm

worthiness

8 Re: Budget for 2015. Wed Oct 08, 2014 3:42 pm

kumarweerarathne

9 Re: Budget for 2015. Wed Oct 08, 2014 3:49 pm

SHARK aka TAH

10 Re: Budget for 2015. Wed Oct 08, 2014 3:54 pm

SHARK aka TAH

11 Re: Budget for 2015. Wed Oct 08, 2014 4:02 pm

NC

12 Re: Budget for 2015. Wed Oct 08, 2014 4:07 pm

NC

13 Re: Budget for 2015. Wed Oct 08, 2014 4:09 pm

Fairtrade

14 Re: Budget for 2015. Wed Oct 08, 2014 4:34 pm

kumarweerarathne

15 Re: Budget for 2015. Wed Oct 08, 2014 6:22 pm

soileconomy

16 Re: Budget for 2015. Wed Oct 08, 2014 6:24 pm

soileconomy

17 Re: Budget for 2015. Wed Oct 08, 2014 6:24 pm

Sarabulathwita

18 Re: Budget for 2015.

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