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 Date: 2017-05-24   Answered 

1608/ 2017 - Question Asked By Hon. Vasudeva Nanayakkara, M.P.

    1. 1608/’17

      Hon. Vasudeva Nanayakkara,—To ask the Minister of Finance and Mass Media,—

      (a) Will he admit that—

      (i) on or around 21.11.2016 at a TV interview the then Minister of Finance said that a circular has been sent to all banks to give 15% interest to senior citizens for their fixed deposits up to Rs.1.5 million; and

      (ii) in the alternative, he said that he sent the circulars to the Central Bank of Sri Lanka with the necessary instructions and that the Central Bank of Sri Lanka has failed to carry out the said directive?

      (b) Is he aware that—

      (i) all banks including state banks have not effected such circular up to 31.01.2017; and

      (ii) the loss caused thereby to senior citizens is in Rupees hundreds of thousands?

      (c) Will he inform this House—

      (i) the reason and on what basis the Minister’s circulars disregarded by the banks;

      (ii) from what date should this arrangement has been given effect according to the Hon. Minister’s budget proposal made in November 2015; and

      (iii) will the Hon. Minister indemnify the senior citizens, from the date the said directive of the Hon. Minister was issued?

      (d) If not, why?

       

Asked Date

2017-05-24

Asked by

Hon. Vasudeva Nanayakkara, M.P.

Ministry

Finance

Legislature

Eighth Parliament of the D.S.R. of Sri Lanka

Session

1

Question History

Answer

Special interest scheme for Senior Citizens

Answered Date

2017-07-25

Answered by

Hon. Eran Wickramaratne, M.P.





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