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Bus fares going up, CoL soars
Sunday, 1 July 2007 - 6:10 AM SL Time

Bus fares will go up by at least 15 per cent from Tuesday as Friday night`s shock increase in fuel prices set off a chain reaction on prices of several items with the government claiming it is helpless. Private bus operators said they met the National Transport Commission (NTC) on Friday and obtained its approval for the hike in fares while the Shell gas company demanded that it be allowed to increase the price of 12. kg cylinder by Rs. 174 though the Consumer Affairs Authority approved a hike of Rs. 87.

An official of the CAA said it had approved a hike of Rs. 87 only for Shell gas while a similar request made by Laugfs gas was being considered.

Shell Marketing Director Radesh Daluwatte claimed the company was losing Rs. 200 per cylinder and it was insisting that the price be increased by Rs. 174.

Meanwhile, the prices of several flour-based products have already gone up while the prices of rice, vegetables and other items are likely to go up in the coming days.

The cost of living soared as the government admitted that the price hike were inevitable due to the escalating military expenditure for the ongoing undeclared Eelam war IV.

A ministerial committee headed by the Prime Minister to examine matters relating to the cost of living said it was helpless in containing the rising prices of items such as fuel and gas.

Related News Articles:
25-5-2007   Lying alone in a bus stop

Source(s)
• Wijeya Newspapers

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Kandyan
Joined: Mar 2005
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 		1 Jul 2007 16:04:52 GMT  Report for Abuse   
Retired MPs cost 170 million this year
Namini
Retired parliamentarians - many of who quit the assembly after being defeated at the elections - will cost the country nearly Rs170 million this year by way of pensions and arrears due to them after the recent salary revisions of MPs LAKBIMAnEWS learnt.
In order to meet this obligation, the Treasury has instructed Parliament to move for a supplementary estimate of Rs107,000,000. This is in addition to the Rs62,900,000 already budgeted this year for the payment of MP?s pensions. However, the Supplementary Estimate is yet to be listed in the Order Paper.
An MP is entitled to a pension after a mere five years in parliament. Also, MPs are entitled to their pensions from the date they leave Parliament, whereas public servants are only entitled to a pension after 55 years.
The President, Prime Minister, Speaker, Ministers, Opposition Leader, Deputy Ministers, Deputy Speaker, Deputy Chairman of committees and all other parliamentarians recently received double pay hikes with arrears.


Long live the Chinthanaya!

Edited By - Kandyan - 1 Jul 2007 16:06:14 GMT
anizam
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 		1 Jul 2007 18:08:41 GMT  Report for Abuse   
Because of these BETTER economic Managment skills of MR, we are seeing all this great benefits.

All this mean, MORE support for MR. The HIGER the COL goes, the more the people get screwed - the More support for MR!!! :) at least according to some!

Jayaweewa!! :)
Sintamus
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 		1 Jul 2007 18:19:08 GMT  Report for Abuse   
This won't affect the politicians and journalists who make decisions. Those supply the cannon fodder to the SEcurity Forces are no consequence to the ruling elitists. Even the price hikes of petrol and diesel will not affect those who are affluent.

A rise of 15% in the bus fares follows 60% in the defence expenditure but military agenda won't be affected in any way. Destruction is easier than construction for our SL leaders.
Kandyan
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 		1 Jul 2007 18:43:16 GMT  Report for Abuse   
-
Edited By - Kandyan - 1 Jul 2007 18:49:47 GMT
Damed
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 		2 Jul 2007 03:39:59 GMT  Report for Abuse   
Srilanka should launch massive Railway network to accommodate
transport needs.
Time,steady and safety will be much insured in railway.
Economy is facing a running struggle with Transport Expenses.
gamiya
Joined: Feb 2007
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 		2 Jul 2007 09:52:02 GMT  Report for Abuse   
ANUS-AM desperately want this issue to Translate in to MORE votes for TRAITOR RANIL and LESS VOTES for Mahinda......

But, Here are the FACTS:

Mahinda was a cabinet Minister and Prime Minister for nearly a decade from 1994 onward. We all know how much COL increased between 1994 and 2005.....What happened in 2005??? Mahinda Became President!

People of Sri Lanka has rejected TRAITOR RANIL 14 times even though COL increased.........

UNP can never turn any situation in to votes as long as TRAITOR RANIL controls the grand old 'Elephant Symbol'.

Roshan2007
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 		2 Jul 2007 11:39:53 GMT  Report for Abuse   
The cost of living soared as the government admitted that the price hike were inevitable due to the escalating military expenditure for the ongoing undeclared Eelam war IV.

Udhdhayata jayawewa !
Api Ape anthima hujja binthuwa dakwama satan wathinawa !
anizam
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 		2 Jul 2007 16:45:32 GMT  Report for Abuse   
Mahinda was a cabinet Minister and Prime Minister for nearly a decade from 1994 onward. We all know how much COL increased between 1994 and 2005.....What happened in 2005??? Mahinda Became President!


EXACTLY MY POINT. How did MR become President? LTTE!!
This is exactly what the LTTE wants - A President who will screw up the Economy like no tomorrow! :) :)
Bonggo
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 		2 Jul 2007 16:59:40 GMT  Report for Abuse   
Anizam,

Can MR tighten the screws on the Sri Lankan economy?
anizam
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 		2 Jul 2007 17:05:55 GMT  Report for Abuse   
Can MR tighten the screws on the Sri Lankan economy?


I donno but he is Certainly 'tightening Gamiyas Screws'!! :) :) The Poor fool is screming in PAIN! :)
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