{"id":47846,"date":"2015-09-15T05:26:11","date_gmt":"2015-09-15T12:26:11","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=47846"},"modified":"2015-09-15T05:26:28","modified_gmt":"2015-09-15T12:26:28","slug":"cb-circular-to-reduce-vehicles-on-lankan-roads-circular-attached","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2015\/09\/15\/cb-circular-to-reduce-vehicles-on-lankan-roads-circular-attached\/","title":{"rendered":"CB circular to reduce vehicles on Lankan roads -(Circular attached)"},"content":{"rendered":"<div class=\"post-entry bottom40\">\n<h2><span style=\"color: #0000ff;\"><em>Adaderana<\/em><\/span><\/h2>\n<p>The Central Bank of Sri Lanka (CBSL) has introduced a circular last night (14 September) preventing the purchase of vehicles on a 100 per cent or \u2018Full Lease\u2019 or \u2018Hire Purchase\u2019 basis without any initial down payments, in a bid to reduce the number of vehicles on Sri Lanka\u2019s roads.<\/p>\n<p>A senior official from the CBSL said that according to this circular, lease facilities could be obtained only on 70 per cent of the value of the vehicle being purchased. The balance 30 per cent has to be paid by the buyer of the vehicle, added the official.<\/p>\n<p>At present, any vehicle could be purchased on a full lease basis even without a single cent in hand. However, under this circular lease facilities could be obtained only on 70 per cent of the vehicle\u2019s value,\u201d he reiterated.<\/p>\n<p>Currently a large number of vehicles are being imported into Sri Lanka and traffic congestion has become a common feature.<br \/>\n<a href=\"http:\/\/origin.adaderana.lk\/bizenglish\/wp-content\/uploads\/017.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13161\" src=\"http:\/\/origin.adaderana.lk\/bizenglish\/wp-content\/uploads\/017.png\" alt=\"01\" width=\"899\" height=\"505\" \/><\/a><a href=\"http:\/\/origin.adaderana.lk\/bizenglish\/wp-content\/uploads\/026.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13163\" src=\"http:\/\/origin.adaderana.lk\/bizenglish\/wp-content\/uploads\/026.png\" alt=\"02\" width=\"825\" height=\"395\" \/><\/a><a href=\"http:\/\/origin.adaderana.lk\/bizenglish\/wp-content\/uploads\/034.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13164\" src=\"http:\/\/origin.adaderana.lk\/bizenglish\/wp-content\/uploads\/034.png\" alt=\"03\" width=\"817\" height=\"364\" \/><\/a><\/p>\n<\/div>\n<div class=\"post-tags\"><b>TAGS<\/b><\/div>\n<div class=\"post-adv\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Adaderana The Central Bank of Sri Lanka (CBSL) has introduced a circular last night (14 September) preventing the purchase of vehicles on a 100 per cent or \u2018Full Lease\u2019 or \u2018Hire Purchase\u2019 basis without any initial down payments, in a bid to reduce the number of vehicles on Sri Lanka\u2019s roads. A senior official from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-47846","post","type-post","status-publish","format-standard","hentry","category-forum"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/47846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=47846"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/47846\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=47846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=47846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=47846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}