Cabinet approval received to amend ETF Act

Cabinet approval received to amend ETF Act

February 7, 2023   11:09 am

The Cabinet of Ministers has given its approval to give directives to the Legal Draftsman to prepare a bill to amend the Employees’ Trust Fund (ETF) Act.

In his 2023 Budget speech, President Ranil Wickremesinghe proposed to set up a health insurance fund for private sector employees similar to that of the ‘Agrahara’ insurance scheme from which a large number of government employees have benefitted.

Accordingly, the necessary provisions will be made by amending the ETF Act No. 46 of 1980 in order to implement the aforementioned budget proposal.

President Wickremesinghe, in his capacity as the Minister of Finance, Economic Stabilization and National Policies, tabled a proposal at the Cabinet meeting on Monday (Feb 06), that the Legal Draftsman be instructed to prepare a bill to amend the ETF Act.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

🔴LIVE | Ada Derana Midday Prime News Bulletin

🔴LIVE | Ada Derana Midday Prime News Bulletin

Gems and jewellery can become Sri Lanka’s 2nd largest export earner – NGJA Chairman (English)

No decision has been made to restrict vehicle imports -CBSL (English)

“Ignoring peoples' language rights led to an arms struggle” - Justice Minister (English)

FSP demands names of companies behind red-flagged containers (English)

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

LIVE🔴Ada Derana Lunch Time News Bulletin 12.00 pm

Recommendations on admissions to KDU Medical Faculty: Annual admissions to be limited to 150 (English)