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The Employees' Trust Fund ( ETF) is a social security programme established on 1 March 1981 under the Act No.46 of 1980 by the Parliament of the Sri Lanka. [1]
Parent. Ministry of Finance. Website. epf .lk. 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 Sri Lanka Bureau of Foreign Employment (SLBFE) is a government agency of Sri Lanka, tasked with overseeing overseas employment of Sri Lankan Citizens and their welfare. It was established in 1985, under the provisions of the Sri Lanka Bureau of Foreign Employment Act. No. 21 of 1985 from which it derives its remit and powers. [ 1]
Sri Lanka’s President Ranil Wickremesinghe announced a debt restructuring deal with countries including India, France, Japan and China in a televised address to the nation Wednesday. The ...
Sri Lanka itself lifted the ban on the LTTE before signing the ceasefire agreement in 2002. This was a prerequisite set by the LTTE for the signing of the agreement. [194] [195] The Indian Government extended the ban on the LTTE on the grounds of "their strong anti-India posture and threat to the security of Indian nationals". [196]
China and Sri Lanka also share a military relationship, with China selling a range of modern armaments to the Sri Lanka Armed Forces. In July 2019, UN ambassadors from 50 countries, including Sri Lanka, have signed a joint letter to the UNHRC defending China's treatment of Uyghurs and other Muslim minority groups in the Xinjiang region. [23]
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 ...
Debt-trap diplomacy is a term to describe an international financial relationship where a creditor country or institution extends debt to a borrowing nation partially, or solely, to increase the lender's political leverage. The creditor country is said to extend excessive credit to a debtor country with the intention of extracting economic or ...