Mahinda's 'Baiya Budget' aimed at winning elections!
October 26, 2014
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The stage was set for a Presidential Election in January next year by President Mahinda Rajapaksa, who presented a budget full of goodies to the public sector, with a 'small carrot' to the private sector employees who were given an increase of Rs 500.The private sector views this move as an additional burden at a crisis-ridden time when they were called upon to pay a two per cent increase in the employers' contribution to the Employees' Provident Fund (EPF). The proposal will compel the private sector to undergo financial difficulties starting January 2015. In a bid to win the hearts of the garment sector employees, Rajapaksa mooted the idea of a pension scheme to them. But, nothing concrete was spelt out. All proposals starting from number one to the end looked packed with 'bonanzas' to target the January Presidential Election.
Mahinda's 'Baiya Budget' Aimed at Winning Elections! by Thavam Ratna
October 26, 2014The stage was set for a Presidential Election in January next year by President Mahinda Rajapaksa, who presented a budget full of goodies to the public sector, with a 'small carrot' to the private sector employees who were given an increase of Rs 500.The private sector views this move as an additional burden at a crisis-ridden time when they were called upon to pay a two per cent increase in the employers' contribution to the Employees' Provident Fund (EPF). The proposal will compel the private sector to undergo financial difficulties starting January 2015. In a bid to win the hearts of the garment sector employees, Rajapaksa mooted the idea of a pension scheme to them. But, nothing concrete was spelt out. All proposals starting from number one to the end looked packed with 'bonanzas' to target the January Presidential Election.Mahinda's 'Baiya Budget' Aimed at Winning Elections! by Thavam Ratna
