Hirunews Logo
HiruNews
HiruNews
HiruNews
Rising+trade+gap+%3A+Reason+for+tax+hike+in+small+cars
Friday, 03 August 2018 - 15:14
Rising trade gap : Reason for tax hike in small cars
820

Shares
98,469

Views
Central Bank Governor Dr. Indrajith Coomaraswamy says traffic congestion was not the only reason to increase the import tax of vehicles less than 1000 cc.
 
Addressing the media at the Central Bank this morning, he said controlling the rising trade gap was also factored in that decision.
 
He noted when the trade gap increases, it would also impact the debt portfolio as well as the devaluation of the rupee.
 
In turn, he said the cost of living would also rise.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
You may also like :
HiruNews
Thursday, 16 August 2018 - 16:24
Mangroves play a critical role in maintaining the ecological balance in Sri Lanka's coastal areas.However, some money-hungry people do not understand this.Our... Read More
HiruNews
News Image
Hiru News Programme Segments
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
1,515 Views
HiruNews
HiruNews
HiruNews
640 Views
HiruNews
HiruNews
HiruNews
6,583 Views
HiruNews
HiruNews
HiruNews
16,397 Views
HiruNews
HiruNews
HiruNews
231 Views
HiruNews
HiruNews
HiruNews
44,731 Views
Top