40 People Who Changed the Internet

The world has become tightly connected since the internet. The web itself has replaced the practice of reading newspaper. Most of us now communicate through e-mails instead of paper and pen. We now watch networks or movies online, it has even become a wide business venture, so much so we can now make purchase and pay our bills through the internet. The web has also transformed friendships through various social media. It also provides us the possibility to reconnect with people from our childhood and it can be a life changing event.

Sri Lanka Exports More Pepper In 2010: IPC

Up to September 2010, export of pepper from Sri Lanka to India has reached 9,073 mt as against 3,710 mt in the same period last year. In 2010, Sri Lanka is estimated to produce around 16,700 mt and it is expected that more than 10,000 mt is for export.

Sri lanka cuts bank taxes but hikes tax on stock trading

Sri Lanka has cut a series of taxes on banks in a bid to increase banking activities, but raised a tax on stock trading, President Mahinda Rajapaksa said presenting the budget for 2011 in parliament.

A debit tax on withdrawals from banks would be lifted and a so-called financial value added tax would be cut from 20 to 12 per cent, Rajapaksa said. 

Sri Lanka overhauls telecom taxes

Sri Lanka has changed the taxes for telecommunications services and also imposed regulatory licence fee of 2 percent of revenues. While high tech telecommunications equipment imports will not be charged VAT, the government has imposed a LKR 2 per minute tax on outgoing calls. The 20 percent tax replaces the VAT, a mobile subscriber levy, and an economic service charge, The Lanka Business Online reports. 

Deepa Mehta to shoot Midnight's Children in Sri Lanka

Oscar nominated director Deepa Mehta and multi-award-winning author Salman Rushdie's screen adaptation of his extraordinary multi award-winning international bestselling novel Midnight's Children will commence shooting in Sri Lanka in January 2011.

Shabana Azmi, Irrfan Khan, Soha Ali Khan, Nandita Das, Chandan Roy Sanyal and Seema Biswas will star in the English language film.