World Economy

Policing Bangla Price Controls

Policing Bangla Price ControlsPolicing Bangla Price Controls

Sri Lanka is planning to hire dozens unemployed graduates to police price controls that are expected to be imposed next week, a Trade Minister Rishad Bathiudeen told parliament while the administration plans to turn the country into a Singapore style services hub, EconomyNext reported. Traders were pushing up prices after value added tax was imposed, to levels higher than required by the tax hike. Under Sri Lanka’s bizarre VAT law, customers are not required to be given VAT invoices so people cannot say whether the tax is charged or not.