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Supreme Court releases Handbook concerning Persons with Disabilities
Copy of booklet attached
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Procurement Notice – State Pharmaceuticals Corporation of Sri Lanka
Procurement Notice – State Pharmaceuticals Corporation of Sri Lanka
We wish to inform you that, the Chairman, Standing Cabinet Appointed Procurement Committee of the Ministry of Health has invited sealed bids for supply of following items to the Ministry of Health for year 2024-2025.
| Bid Number | Closing Date & Time | Item Description | Non – refundable Bid Fee |
| DHS/P/WW/86/23 |
15.10.2024 at 09.00 a.m |
150 kg of Sodium Dihydrogen Orthophosphate Powder | Rs.12,500/= + Taxes |
| DHS/P/WW/382/22 | SLC/MIPC/GOODS/2024/006 | 6,500 Tablets of Diazoxide
Tablet 50mg |
Rs.3,000/= + Taxes |
Please find attached herewith a copy of the procurement notice of the above.
Thank you.
With warm regards,
Shirani Ariyarathne
Actg. Consul General, Minister (Commercial)
Consulate General of Sri Lanka,
34, Homi Mody Street, Fort, Mumbai 400001.
Tel: (+ 91 22 )22045861/22048303, Fax: (+ 91 22) 22876132
E -mail: slcg.mumbai@mfa.gov.lk
Invitation for Bids (IFB) – Ceylon Petroleum Storage Terminals Limited.
Invitation for Bids (IFB) – Ceylon Petroleum Storage Terminals Limited
Tender Ref. No. KPR/63/2024 – Supply of 1,873,000 Nos. Consignment Steals & 19,200 Rolls of Sealing Wires
I wish to inform you that, the Chairman, Department Procurement Committee (Minor), on behalf of the Ceylon Petroleum Storage Terminals Limited has invited sealed bids from the internationally reputed manufacturers or their accredited export agents abroad or Accredited Local Agents in Sri Lanka for the Supply of 1,873,000 Nos. Consignment Steals & 19,200 Rolls of Sealing Wires.
Bids shall be accompanied by a bid security of Sri Lankan Rupees Three hundred and Fifty thousand (LKR 350,000.00) or United States Dollars One thousand two hundred (USD 1,200.00), which shall be valid until 18.02.2025 from the date of opening of the bid.
Bidders shall register themselves at the Department of Registrar of Companies www.drc.gov.lk (e-ROC) in accordance with the Public Contracts Act. No 3 of 1987.
Clarifications (if any) shall be sought from the Manager Procurement on Tel: +94-11- 2572156/ +94-11-2547238, Fax: +94-11-2074299, Email: procure@cpstl.lk.
Closing date for the submission of above IFB is on or before 1400 hrs (Sri Lanka local time GMT+5:30) on 22nd October 2024.
Please find attached herewith a copy of the procurement notice of the above.
Thank you.
With warm regards,
Shirani Ariyarathne
Actg. Consul General, Minister (Commercial), Consulate General of Sri Lanka,
34, Homi Mody Street, Fort, Mumbai 400001.
Tel: (+ 91 22 )22045861/22048303, Fax: (+ 91 22) 22876132
E – Mail: slcg.mumbai@mfa.gov.lk
Procurement Notice – Ministry of Transport and Highways
Procurement Notice – Ministry of Transport and Highways
Contract Nos. RDA/MFAP/ICB/OFID-4(D) & RDA/MFAP/ICB/OFID-3/03 – Reconstruction of Bridge 3/2 on Orugodawatta Ambatale Road & Reconstruction of Bridge 9/1 on Orugodawatta-Ambatale Road.
We wish to inform you that, the Ministry of Transport and Highways has invited sealed bids for the following.
| No | Bid Number | Procurement Name | Closing Date and Time |
| 01 | RDA/MFAP/ICB/OFID-4(D) | Reconstruction of Bridge 3/2 on Orugodawatta-Ambatale Road | On or before 21st October 2024 at 02.00 pm (Sri Lanka local time GMT+5:30). |
| 02 | RDA/MFAP/ICB/OFID-3/03 | Reconstruction of Bridge 9/1 on Orugodawatta-Ambatale Road | On or before 21st October 2024 at 02.00 pm (Sri Lanka local time GMT+5:30). |
Please find attached herewith a copy of the procurement notices of the above.
Thank you.
With warm regards,
Shirani Ariyarathne
Actg. Consul General, Minister (Commercial)
Consulate General of Sri Lanka
34, Homi Mody Street, Fort, Mumbai 400001.
Tel: (+ 91 22 )22045861/22048303, Fax: (+ 91 22) 22876132
E -mail: slcg.mumbai@mfa.gov.lk
Seminar on new Capital Gains and Buyback tax regime
Seminar on new Capital Gains and Buyback tax regime
Pursuant to stakeholder representations, Finance (No.2) 2024 has transformed the tax treatment of capital gains and buy back of shares. The government has tried to reduce the categories of various asset classes and bring uniformity & consistency in holding period and long term/short term capital gains tax rates. Responding to post budget representations, the indexation benefit was also restored at the enactment stage in a limited manner to ensure that long term capital gains tax burden of land or building or both on resident individuals/HUFs is not increased for assets acquired prior to July 23, 2024. The taxation of buyback of shares is restored in the hands of shareholders as a combination of dividend and capital gains instead of buyback distribution tax in the hands of the company.
The transformative changes in capital gains and buyback taxation for both residents and non-residents requires an in-depth evaluation for both tax compliance and future tax planning. In view of the above, Bombay Chamber organised a half-day physical seminar where tax experts from Deloitte Haskins & Sells LLP, viz. Hiren Shah and Akhil Muchhala discussed the aspects with practical case studies on the new Capital Gains tax regime and new Buyback tax regime. The session was attended by good participation and it was very interactive and very informative.
Invitation for Bid – Sri Lankan Catering Ltd.
Invitation for Bid – Sri Lankan Catering Ltd
Ref No. SLC/MIPC/GOODS/2024/004 and SLC/MIPC/GOODS/2024/006
We wish to inform you that, the Chairman, Standing Cabinet Appointed Procurement Committee of the Ministry of Health has invited sealed bids for supply of following items to the Ministry of Health for year 2024.
| No | Bid Number | Procurement Name | Closing Date and Time |
| 01 | SLC/MIPC/GOODS/2024/004 | Supply of whipping cream dairy base & whipping cream vege base items for 1-year 2024-2025. | 30th September 2024 at 11.00 am (Sri Lanka local time GMT+5:30). |
| 02 | SLC/MIPC/GOODS/2024/006 | Supply of vegetable oil for year 2024-2025 (1 year) | 30th September 2024 at 11.00 am (Sri Lanka local time GMT+5:30). |
Please find attached herewith a copy of the procurement notice of the above.
Thank you.
With warm regards,
Shirani Ariyarathne
Actg. Consul General, Minister (Commercial)
Consulate General of Sri Lanka
34, Homi Mody Street, Fort, Mumbai 400001.
Tel: (+ 91 22 )22045861/22048303, Fax: (+ 91 22) 22876132
E -mail: slcg.mumbai@mfa.gov.lk
Procurement Notice – SriLankan Airlines Ltd.
Procurement Notice – SriLankan Airlines Ltd
Ref. No. – CPIT/ICB/01/24
We wish to inform you that, the Chairman of Ministry Procurement Committee, on behalf of SriLankan Airlines Limited has invited sealed bids from eligible and qualified bidders under the International Competitive Bidding method (ICB) for the renewal of Type B Messaging Services at the SriLankan Airlines.
Closing date for the submission of the above procurement is on 15th October 2024 at 10:00 hrs (Sri Lanka local time GMT+5:30).
Please find attached herewith a copy of the procurement notice of the above.
Thank you.
With warm regards,
Shirani Ariyarathne
Actg. Consul General, Minister (Commercial),
Consulate General of Sri Lanka,
34, Homi Mody Street, Fort, Mumbai 400001.
Tel: (+ 91 22 )22045861/22048303, Fax: (+ 91 22) 22876132
E – Mail: slcg.mumbai@mfa.gov.lk
Notices for invitation for bids from organizations in Mauritius.
Invitation for Bids
Please see enclosed notices for invitation for bids from organizations in Mauritius.
Prospective bidders may be requested to regularly visit the website to take cognizance of any addendum and/or clarification(s) issued.
Yours sincerely,
D. K. Bucktowar
Officer-in-Charge Consulate of the Republic of Mauritius
1105, Regent Chambers11th Floor, Jamnalal Bajaj Marg
208, Nariman Point Mumbai – 400 021
Tel. : 022 22825421 /22 Fax No. 022 22845468
Contract labourers are entitled to an opportunity of being heard before finalizing the Contract – Karnataka High court.
Contract labourers are entitled to an opportunity of being heard before finalizing the Contract – Karnataka High court
Contract labourers are entitled to an opportunity of being heard before finalizing the Contract.
Copy of judgement attached.
The next three decades belong to India, says Dhiraj Relli at Envision 2024
The next three decades belong to India, says Dhiraj Relli at Envision 2024
In the first half of 2024, Indian companies raised an impressive $8.6 billion through Initial Public Offerings (IPOs), surpassing the combined figures from the previous two years. India now accounts for 25% of global IPO listings, positioning itself as a key player in the global capital markets. With upcoming billion-dollar IPOs from companies like Swiggy, LG Electronics, and Hyundai Motor, investor confidence in India’s economic growth continues to soar.
These developments were highlighted during the panel discussion, Envision 2024: India’s Growth Story With Capital Markets, organised by the Bombay Chamber in partnership with Kirtane & Pandit Consulting, the Knowledge Partner. The event focused on India’s burgeoning IPO market and its implications for future economic expansion.
In his keynote address, Dhiraj Relli, Managing Director and CEO of HDFC Securities, emphasised India’s long-term growth potential. “The next three decades belong to India, with the ‘Viksit Bharat’ theme driving our economic progress,” Relli stated. He also highlighted that India’s investor base has tripled in the last five years, now standing at 10 crore investors.
Relli pointed to a shift in investor behavior, noting that retail and High Net Worth Individuals (HNIs) are becoming more adept at navigating the markets. “For the first time in my three decades of experience, I’ve seen retail investors consistently making money in the markets,” he said. This marks a significant departure from past cycles, where retail investors often suffered losses during market downturns.
He further explained that India has seen a 12x increase in market participation over the last decade. “Equity premiums have surged 10x in the last five years, and IPO activity is booming with ₹61,000 crore raised this financial year, excluding SME IPOs, which have also gained momentum.”
Relli also warned of the risks of falling into the middle-income trap, stressing that India must grow rich before it grows old. Comparing India to China, he highlighted the country’s potential for greater penetration in consumer goods. “Our per capita income and affordability will increase, leading to a shift in consumerism. The economic structure is moving from a pyramid to a diamond shape, where more of the population will experience affluence.”
He projected that by 2029, India could become a $7 trillion economy, with the potential to reach $10 trillion by 2032, provided it sustains a growth rate of 11%.
The event also featured a panel discussion on IPO readiness, titled IPO Readiness- The Road to Going Public, moderated by CS Shweta Gokarn, Founder of Shweta Gokarn & Co. and STGY Global Consulting.
Panelists included Subhadeep Majumdar, Chief Manager at NSE, Atul Juvle, Senior GRC Advisor, Priyanka Jain, Partner at Vaish Associates Advocates, and Akshay Purandare, Partner at Kirtane & Pandit. They shared best practices and insights on navigating the IPO process, emphasising the need for thorough preparation and adherence to disclosure obligations. The session covered essential topics such as the role of the National Stock Exchange (NSE) in facilitating IPOs, economic factors driving India’s growth, and the legal and compliance challenges companies face when going public.
