Jump to content
View in the app

A better way to browse. Learn more.

கருத்துக்களம்

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

நாட்டின் நிதி நிலவரம் ; நேரடி விவாதத்திற்கு வருமாறு மஹிந்தவுக்கு மங்கள அழைப்பு

Featured Replies

IMAGE-MIX.png
 

(இராஜதுரை ஹஷான்)

நாட்டின் நிதி நிலவரம் தொடர்பில் தன்னுடன் நேரடி விவாதத்திற்கு வருமாறு எதிர்க்கட்சி தலைவர் மஹிந்த ராஜபக்ஷவிற்கு நிதியமைச்சர் மங்கள சமரவீர அழைப்பு விடுத்துள்ளார்.

mangala19.jpg

கடந்த அரசாங்கத்தினால் முன்னெடுக்கப்பட்ட அபிவிருத்திகள் யாவும் பயனற்றதாகவே காணப்படுகின்றது. தங்களின் அதிகாரத்தையும், ஆட்சி பெருமைகளையும் தக்கவைத்துக் கொள்வதற்காகவே  பாரிய தேசிய நிதி செலவிடப்பட்டு  அபிவிருத்திகள் முன்னெடுக்கப்பட்டன. அந்த அபிவிருத்திகள் ஏதும் தேசிய வருமானத்தை ஈட்டும் விதமாக அமையவில்லை என்றும் அவர் சுட்டிகாட்டினார்.

நல்லாட்சி அரசாங்கம் பெற்றுக் கொண்டுள்ள அரச முறை கடன்கள் தொடர்பில் எதிர்க்கட்சி தலைவர் மங்கள சமரவீர கடந்த வாரம் வெளியிட்ட ஊடக அறிக்கை தொடர்பில் தெளிவுப்படுத்தும் ஊடகவியலாளர் சந்திப்பு இன்று நிதியமைச்சில் இடம் பெற்றது. 

இதன் போது கருத்துரைக்கையில் அவர் மேற்கண்டவாறு குறிப்பிட்டார்.

https://www.virakesari.lk/article/66160

Fitch affirms Sri Lanka at 'B'; Outlook Stable

30 September 2019

 

Fitch Ratings has affirmed Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B' with a Stable Outlook.

Sri Lanka's 'B' rating balances high government debt and contingent liabilities, a challenging external financing profile and subdued economic growth against higher human development standards and per capita income levels compared with peer medians, the rating agency said on Monday.

The policy environment has improved after the resolution of last year's political standoff. The 2019 budget was passed and the IMF programme resumed and was extended by one year to June 2020, it said in a media statement.

http://www.sundaytimes.lk/article/1104298/fitch-affirms-sri-lanka-at-b-outlook-stable

Central Bank rejects Moody’s assertion on recent interest rate cuts

Sri Lanka's Central Bank (CB) on Monday rejected assertions by rating agency Moody’s Investors Service that the recent interest rate cut was ‘credit negative for banks”.

Responding to a September 26 Moody’s statement titled “Sri Lanka’s lending rate cut is credit negative for banks”, the CB said Moody’s has not taken into account the complete information set, and its comment is  therefore unfounded.

“… the CB is of the view that the imposition of caps on lending rates of licensed banks would, in fact, be credit positive, contrary to the view held by Moody’s Investors Service,” it said in a statement.

The statement said that the CB has taken a number of measures over the past 11 months to ease monetary policy and monetary conditions in view of decelerating growth of credit and monetary aggregates and subdued economic growth, amidst well anchored inflation expectations. 

Amongst these measures, the reduction in the Statutory Reserve Ratio (SRR) by 2.50 percentage points in two steps has enabled licensed commercial banks (LCBs) to invest additional funds amounting to around Rs. 150 billion in revenue generating activities. The reduction in SRR has also improved rupee liquidity in the domestic money market, while a further reduction in money market interest rates has been effected by reducing policy interest rates by 100 basis points in two steps in May and August 2019.

The imposition of caps on deposit interest rates of licensed banks in April 2019, which was subsequently removed in September 2019, was aimed at limiting unhealthy competition in deposit mobilisation amongst banks and assisting them to reduce lending interest rates.

This temporary cap imposed in consultation with banks helped reduce the Average Weighted New Deposit Rate (AWNDR) by 284 basis points within four months since end April 2019. However, in spite of continued deliberations with banks, most market lending interest rates have been downward rigid, unlike deposit interest rates as well as rates on short term funds and government securities, the statement said.

It is in this context that the CB imposed caps on lending rates of licensed banks on September 24. With the substantial decline in cost of funds, in terms of lower SRR, lower money market interest rates, lower policy interest rates and lower deposit interest rates, along with the allowance of sufficient time for banks to adjust lending rates downwards, the CB has sought to minimise any disruption to the smooth operation of the banking system as well as its profitability.

“The CB does not expect a material change in interest margins of the banking system arising from the imposition of caps on lending rates, holding other factors constant. The CB has also announced its intention to review this action by March 2020,” it said.

http://www.sundaytimes.lk/article/1104365/central-bank-rejects-moodys-assertion-on-recent-interest-rate-cuts

Archived

This topic is now archived and is closed to further replies.

Important Information

By using this site, you agree to our Terms of Use.

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.