Lankan Crisis! Sri Lanka cuts tax on female hygiene products amid economic crisis
According to the Sri Lankan media, "The Sri Lanka government has also been decided to provide tax concessions for imported finished sanitary napkins as well."
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Colombo, Oct 3: Amid the ongoing economic crisis in the country, Sri Lanka has cut taxes on female sanitary products in a bid to help women unable to afford the hygiene product. Besides, the Sri Lanka govt has taken measures to waive duties imposed on five imported raw materials for locally produced sanitary napkins.
According to the Sri Lankan media, "It (the government) has also been decided to provide tax concessions for imported finished sanitary napkins as well." According to the reports, a price of a pack of 10 sanitary napkins produced locally will be reduced by Rs 50 to Rs 60 with these tax concessions, and the maximum retail price of a pack will be Rs 260 - Rs 270. The consumer retail prices of imported finished products will be reduced by 18 per cent or 19 per cent.
Sri Lanka continues to reel under a severe economic crisis. Earlier, protesting the dire conditions, Sri Lankan protesters had broken into then Prime Minister Ranil Wickremesinghe's private residence and set it on fire. They were angered by the unprecedented economic crisis.
Besides, India has been at forefront of extending economic assistance to Sri Lanka as per their requirements and is one of the countries that have provided the maximum amount of assistance in time of need. In 2022, India extended around USD four billion in bilateral assistance to Sri Lanka.