scholarly journals Solar Roof Top Generation, Marginal Cost, Financial Impacts on the Utility of Sri Lanka

2019 ◽  
Vol 12 (4) ◽  
pp. 128
Author(s):  
J. G. L. S. Jayawardena ◽  
U. Anura Kumara ◽  
M. A. K. Sriyalatha
Keyword(s):  
Sri Lanka ◽  
Thermal Power ◽  
Electricity Sector ◽  
Financial Impact ◽  
The Government ◽  
Tariff Structure ◽  
Financial Impacts ◽  
Utility Scale ◽  
The Impact ◽  
Solar Generation

The intensity of solar radiation in Sri Lanka is 1,247-2,106 kWh/m2 per annum (SEA, 2014). There are existing solar generation capacities of 177 MW by using solar roof top systems and 51 MW of the utility scale solar plants in the country as at 28th March 2019. The Government of Sri Lanka(GOSL) introduce Building Integrated Photo Voltaic program since 2009 basically to bank the surplus of electricity units with the Utility. In 2016 GOSL introduced cash payback method for surplus energy generated by Roof Top Solar installations. Some of the stakeholders of the electricity sector argue that the Roof Top Solar generation program has negative financial impact on the financial position of the utility. The impact of the Solar Roof Top program on revenue of the Utility and the customer tariff system has been studied. Results show that Feed in Tariff of the Solar Roof Top is comparatively low with most of the thermal power generation. According to the findings of the study it can be concluded that the financial impact of the program is beneficial to the economy as a whole, but marginally negative to the short terms cash flow of the utility. Anyhow it is seen that such utility centric negativity can be ameliorated though due tariff structure. The government has to consider about the electricity policy of customer tariff in order to provide the concessions only for the needy people.

Political connections and firm value: an analysis of listed firms in Sri Lanka

2016 ◽  
Vol 28 (1) ◽  
pp. 92-106 ◽  
Author(s):  
Henk Berkman ◽  
Vidura Galpoththage
Keyword(s):  
Sri Lanka ◽  
Firm Value ◽  
Public Perception ◽  
Convincing Evidence ◽  
Political Connections ◽  
Political Connection ◽  
Content Type ◽  
Political Events ◽  
The Government ◽  
The Impact

Purpose – The purpose of this study is to use a portfolio-time-series approach to examine the impact of five important political events on the value of politically connected firms in Sri Lanka. Design/methodology/approach – This study examines five major political events to test if political connections affect market value of listed companies in Sri Lanka. Results show that despite numerous news articles and public perception suggesting otherwise, there is no convincing evidence which indicate that political connections increase firm value in Sri Lanka. Findings – The empirical results provide no evidence that political connections increase firm value in Sri Lanka. Further tests indicate that the government is not biased towards politically connected firms when granting major projects. The authors also fail to find a relation between Tobin’s Q and the level of political connection after including several common control variables. Originality/value – This study contributes to the literature on the value of political connections by using a robust event study methodology and a novel setting: Sri Lanka in the period around the end of the civil war.

scholarly journals Impact of Water Resource Auditing - Intergrated Development Approch - to Mitigate Water Related Disasters in the Vavuniya Divisional Secretariat’s Division in Northern Sri Lanka

2018 ◽  
Vol 09 (08) ◽  
pp. 43-49
Author(s):  
Thileepan, K. ◽  
Sivakumar, S.S.
Keyword(s):  
Climate Change ◽  
Sri Lanka ◽  
Water Resource ◽  
Coastal Region ◽  
Research Area ◽  
Annual Rainfall ◽  
Dry Zone ◽  
The Indian Ocean ◽  
The Government ◽  
The Impact

Sri Lanka is a tropical nation, is highly vulnerable to impacts of climate change. As a small in the Indian Ocean, the coastal region of the Sri Lanka is susceptible to change in sea level. The impact of climate change are widespread and they are likely to create negative socio economic outcomes on many sectors in Srilanka. Traditionally Srilanka has been generalized into three climate zones, namely wet zone, dry zone and intermediate zone. The research area Vavuniya is comes under the dry zone.The dry zone receives a mean annual rainfall of less than 1750 mm with a distinct dry season from may to september. Even though, the established patterns of rainfall have changed in the area. Almost the district is annually affected by the water related disasters. There were lot of polices and stratergic plans carried out by the government to reduce the water related disasters. The water related disasters in this area can be mitigate by proper water resource auditing and intergrated development approaches. This research aims finally to spell out to predict the real sitivuation of the area by collecting the data from the relavent departments and proposes the assessment to improve the current practices in this region

scholarly journals Financial solutions for biodiversity in contributing to the economic development in Indonesia

2018 ◽  
Vol 74 ◽  
pp. 01007
Author(s):  
Yuri Oktaviani ◽  
Khairunnisa Rangkuti ◽  
A.M. Pyan Putro Surya ◽  
Anggun Puspita
Keyword(s):  
Economic Development ◽  
Financial Impact ◽  
Literature Study ◽  
State Budget ◽  
Fiscal Transfers ◽  
Tourism Sector ◽  
Strategic Position ◽  
The Government ◽  
Corporate Social ◽  
Financial Impacts

Having strategic position makes Indonesia rich in biodiversity. However, there is a gap in funding this biodiversity; whereas, the existence of this biodiversity can be optimized by the government to enhance the economic development in Indonesia. This study aims to analyze potential financial solutions to fill the gap and increase the biodiversity funding in Indonesia. This research did a literature study from various sources such as BIOFIN countries, UNDP, and IBSAP of Indonesia; and conducted an assessment based on the results, sources, financial impact categories, and likelihood of success categories. The results show that out of 156 financial solutions studied, 32 of them have high financial impacts and are most likely successful to be implemented in Indonesia, and 8 of them are very potential to be implemented; those are state budget, corporate social responsibility (CSR), nature swap debts, taxes and fees in the tourism sector, payment for ecosystem services, ecological fiscal transfers (EFT), zakat, infaq, shadaqah, and waqf (ZISWAF), and green sukuk.

Direct Tax Incentives to Power Sector in India: A Case Study

2017 ◽  
Vol 63 (1) ◽  
pp. 104-123
Author(s):  
Sanjiv Shankar
Keyword(s):  
Market Failure ◽  
Thermal Power ◽  
Tax Incentives ◽  
Electricity Sector ◽  
Fiscal Year ◽  
Test Case ◽  
Power Sector ◽  
Firm Level ◽  
The Impact ◽  
Direct Tax

The article examines in detail, as a test case, the impact of direct tax incentives on the power sector in India. The Indian power sector is regulated and has been the greatest beneficiary of the various tax incentives. Direct taxes foregone to the power companies alone are estimated to be ₹700,000 million during the fiscal year 2006–2007 to 2014–2015. The power companies in India have enjoyed profit-linked tax holidays (Section 80 IA), accelerated depreciation (Section 32), easy accessibility of external commercial borrowings and a low withholding tax of 5 per cent on overseas borrowing. The study does a ‘three-way examination’ of the impact of the tax incentives by examining: (i) macroeconomic indicators, (ii) firm level data and (iii) micro-indicators. The findings are that (i) there is no evidence of any real benefits accruing to the economy either in the form of increased foreign direct investment (FDI) flows to the sector, gross fixed capital formation (GFCF) in the sector or commensurate growth in electricity sector vis-à-vis other sectors of the economy or in the economy as a whole due to the several decades of direct tax incentives to the power sector in India; (ii) clearly, the loss of revenue from the tax incentives is real and substantial and (iii) the financial ratios of the three power companies (National Thermal Power Corporation [NTPC], Tata Power and Reliance Energy) indicate that they are capable of raising resources on their own and the theory of market failure may not apply to them.

scholarly journals Life after Connectivity: the Impact of the Community Mesh Network in Mahavilachchiya, Sri Lanka’s E-village

2008 ◽  
Vol 4 (1) ◽  
Author(s):  
Alisha Bhagat
Keyword(s):  
Sri Lanka ◽  
Wireless Mesh Network ◽  
Internet Use ◽  
Mesh Network ◽  
Government Agencies ◽  
Wireless Mesh ◽  
The Government ◽  
Local Ngo ◽  
The Impact ◽  
The Village

This paper examines the impact of a community wireless mesh network established in the village of Mahavilachchiya, Sri Lanka. The “e-village” in Mahavilachchiya, created through a partnership between government agencies and a local NGO, features Sri Lanka’s first wireless mesh network and has been operational since October, 2006.  This paper incorporates data collected from the government run ICT agency and partner organizations, as well as observations of daily Internet use in Mahavilachchiya. Additionally, a survey on Internet use was administered to 35 students in Mahavilachchiya. The current reach of ICT in the village is examined and recommendations are made for the implementation of future e-villages.

scholarly journals A Study Between the Taxpayers’ Perception Toward the Tax Policy Changes and the Tax Compliance in Sri Lanka: A Tax Relief in Response to the Impact of Covid-19 Epidemic, and its Implications

2021 ◽  
pp. 52-64
Author(s):  
K. G. Asela Gamini Bandara ◽  
W. M. R. B. Weerasooriya
Keyword(s):  
Sri Lanka ◽  
Tax Policy ◽  
Tax Compliance ◽  
Primary Data ◽  
Policy Changes ◽  
Study Guides ◽  
Tax Relief ◽  
Epidemic Period ◽  
The Government ◽  
The Impact

Purpose – This paper primarily investigates the relationship between the taxpayers’ perception of the tax policy changes and the tax compliance in Sri Lanka. The researcher also aims to provide advice to the policymakers about the specific approach to be followed when considering the tax relief measures and also emphasizing the importance of maintaining a flexible tax policy during the epidemic period which will be crucial in meeting the revenue target of the government. Design/Methodology/approach-The researcher used questionnaires to gather primary data from 125 respondents and then editing to spot errors and omissions for the aim of creating necessary corrections and at last, apply statistical tools for data analysis using SPSS software. Findings – The results show that taxpayers’ attitudes toward the changes in the tax policy and tax compliance form a strong positive relationship and further, changes in its policy have a significant impact on their compliance level. Cronbach’s alpha exceeds 0.7 implies that instruments are sufficiently reliable for the measurement. Originality/value- This was the first study undertaken to explore the link between the attitude toward the tax policy changes and the tax compliance in Sri Lanka during the Covid-19 epidemic period. This study guides to fill up the existing research gap in the country and further, directions are also useful for future researchers to undertake an identical survey.

scholarly journals The Impact of Covid-19 on Food Security. A qualitative analysis of the rise in London’s existing food insecurity due to the financial impact of Covid-19

2021 ◽  
Vol 12 (1) ◽  
pp. 40-50
Author(s):  
Leandra Geyser
Keyword(s):  
Food Security ◽  
Food Insecurity ◽  
Working Hours ◽  
Financial Impact ◽  
Vulnerable Groups ◽  
Health Crisis ◽  
Global Food Security ◽  
The Government ◽  
The Uk ◽  
The Impact

Background: The lockdown, enforced by government to limit the spread of Covid-19, has resulted in economic standstill equating to decreased working hours, pay cuts and job losses which has caused an increase in food insecurity. In the latest global food security report, 3.4 million people in the UK alone were found to be moderately to severely food insecure. Since the lockdown began, 8 million people have reported food insecurity which disproportionately effects those most vulnerable. This study aims to determine who these vulnerable groups to food insecurity are in the UK and what needs to be done to facilitate positive change and minimise future inequalities. Methods: This observational quantitative study makes use of the Understanding Society Covid-19 survey data which forms part of a longstanding longitudinal study that has acted as a representative of all households within the UK since 2009. Access to raw data was granted by the UK Data Service and was analysed using the appropriate SPSS tests. The original sample was stratified to be representative of London, which then consisted of 1849 respondents. Selected questions relating to financial and food bank use were analysed using SPSS and compared between February (pre-lockdown) and April (post-lockdown). Results: Black, Asian and Minority Ethnic (BAME) respondents and those not born in the UK had significantly less monthly income than their counterparts in February and remained significantly lower during the lockdown. These groups also had an increased dependency on foodbanks since the start of the pandemic. Conclusion: BAME communities and those not born in the UK are revealed to be the most vulnerable groups to food insecurity. The government has taken steps to mitigate the negative financial impact of the pandemic for some, yet many had to rely on non-governmental organisations (NGOs) to fill in the gaps. The current health crisis provides an opportunity for change and the UK government should act now to prevent many more becoming victims to food insecurity.

KAJIAN EFEKTIVITAS PEMANFAATAN INSENTIF PAJAK OLEH USAHA MIKRO, KECIL DAN MENENGAH (UMKM) DI MASA PANDEMI COVID-19

2021 ◽  
Vol 4 (3) ◽  
Author(s):  
Dewi Noor Fatikhah Rokhimakhumullah
Keyword(s):  
Qualitative Method ◽  
Tax Incentives ◽  
High Impact ◽  
Financial Impact ◽  
Business Success ◽  
Tax Rates ◽  
Literature Study ◽  
Study Approach ◽  
The Government ◽  
The Impact

The COVID-19 pandemic has had a high impact on the business and economy sector in Indonesia. To respond to this, the government has issued various policies, especially for MSMEs. Tax incentives for MSMEs issued by the government can be utilized by taxpayers until June 2021. This research aims to see the effectiveness of the use of tax incentives by mapping the factors that affect MSME taxpayer compliance and the determinants of MSME business success during the crisis due to the pandemic. This study uses a literature study approach with a descriptive qualitative method. The effectiveness of the use of tax incentives during this pandemic can show the level of compliance of MSME taxpayers and affect the sustainability of MSME businesses. Taxpayer compliance with the use of incentives is seen from the socialization of taxation, tax rates, understanding of taxation, and the perception of tax convenience provided by the government in the context of handling the impact of the pandemic, which shows that the response of MSMEs is very good in the first quarter of 2021. It is also seen from the perspective of MSME business continuity. The financial impact caused by this pandemic has caused MSMEs to be unable to carry out their tax obligations so that these tax incentives can provide relief and convenience for them MSME actors to carry out their tax obligations.

Banning of herbicides and the impact on agriculture: the case of glyphosate in Sri Lanka

Weed Science ◽  
2019 ◽  
Vol 68 (3) ◽  
pp. 246-252
Author(s):  
Buddhi Marambe ◽  
Swarna Herath
Keyword(s):  
Sri Lanka ◽  
Crop Production ◽  
Crop Yields ◽  
Cocos Nucifera ◽  
Crop Protection ◽  
Saccharum Officinarum ◽  
Production Costs ◽  
White Leaf ◽  
The Government ◽  
The Impact

AbstractGlyphosate, a widely used preplant herbicide in annual and perennial crops, was introduced to Sri Lanka in 1977. Its use has expanded since 2008 with the phase-out and ban in 2014 of paraquat. In December 2014, glyphosate use in Sri Lanka was regionally restricted. Crop protection and production in the country was severely affected in 2016 and 2017 due to the irrational decisions of the government of Sri Lanka (GoSL). Increased crop production costs due to the absence of effective and economically viable weed control techniques, low crop yields, loss of foreign exchange, and enhanced use of smuggled glyphosate products are the consequences of the glyphosate ban. The ban was imposed without a scientific basis because of sociopolitical pressure. A series of dialogues with the GoSL helped rescind the ban in 2018 for a period of 36 mo, but its use is limited to tea [Camellia sinensis (L.) Kuntz.] and rubber [Hevia brasiliensis (Willd. ex A. Juss.) Müll. Arg.]. In August 2019, the Cabinet of Ministers of the GoSL also decided to allow use of glyphosate to devitalize propagules in the floriculture industry (export oriented) and destroy coconut (Cocos nucifera L.) trees infected by Weligama coconut leaf wilt disease and sugarcane (Saccharum officinarum L.) infected by white leaf disease. However, glyphosate products with the co-formulant polyethoxylated tallow amine are still not permitted in Sri Lanka.

scholarly journals Systematic Innovation Based BPR Regime—A Factors Analysis

2020 ◽  
Vol 3 (4) ◽  
pp. 50
Author(s):  
Shahzadah Nayyar Jehan ◽  
Vishakha Wijeratne Elapatha
Keyword(s):  
Sri Lanka ◽  
Public Services ◽  
Original Data ◽  
Multivariate Logistic Regression Model ◽  
Output Analysis ◽  
Relative Significance ◽  
The Past ◽  
High Utility ◽  
The Government ◽  
The Impact

Sri Lankan public services have a lingering colonial legacy, and there have been several efforts since the country’s independence to break away from the restraints of the past to align them with modern times and expectations. The drive for modernization of public services passed through several phases of experimentation without much success in the past. A significant attempt at the modernization of public services was made in the first decade of this millennium; we now notice substantial changes in public service delivery (PSD) in the country. In this paper, we assess the impact of an inside-outside-inside (IOI)-based open system innovation-related business process reengineering (BPR) regime adapted for reforms in the organization and the delivery of public services in the country. We carried out an input and output analysis of the BPR regime, adopted by various departments and ministries of the government of Sri Lanka to improve the PSD infrastructure. A broad-based ground survey on a five-point Likert scale was carried out, and performance data were collected. We collected a total of 290 responses—each questionnaire was composed of 40 questions regarding the inputs and the outputs of the regime’s implementation. Applying an ordered multivariate logistic regression model, we have attempted to estimate correlations amongst inputs, results, and overall perception of success or failure of the BPR regime across 29 departments and ministries (D&M). We have tabulated summary statistics and regression results to assess the relative significance of various regime inputs and their impact on the corresponding outcomes. The outcomes suggest that while all inputs and outputs are significantly correlated, some inputs have a more significant effect on the results expected from the BPR regime. We have used original data acquired through a survey carried out directly through the PSD organizations in the country, and this study is the first of its kind in this regard. We expect this study will be of high utility to the personnel engaged in the planning and implementation of PSD through systematic innovation and BPR, not only in Sri Lanka but also for many other professionals and researchers who are engaged in designing and execution of similar service improvements and reengineering strategies in different countries around the world.

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