The Monetary Board will on Monday decide on a scheme of bonus bank interest for senior citizen hard hit by the recent sharp decline in interest rates, well informed sources said yesterday.The Central Bank has been working on a scheme, to be effective from this month, and the possible options including the maximum bonus interest payable at 20% and the level to which the Treasury Bill rate should fall for the new scheme to kick off is expected to be decided at today’s meeting.
President Mahinda Rajapaksa shows affection to a child during his visit to Anuradhapura last week to meet with members of sports clubs, bank and trade unions. (Pic by Sudath Silva}
Lalith Kotelawala and other
Directors to be indicted in Golden Key scam
The Attorney General’s Department is now preparing the ground work to indict Ceylinco Chairman Lalith Kotelawala on charges of criminal misappropriation of funds, fraud and breach of trust in connection with the 26 billion rupee Golden Key scam, a top official said last week.
nobody, makes 15 proposals for peace
TULF President, Mr. V. Anandasangaree, has issued a statement relating to the January 26 Presidential Election endorsing neither of the two main contenders nor any other candidate and has also not asked supporters of his party to boycott the election.