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2-hour power cuts on Thursday (3)

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COLOMBO (News 1st) – The Public Utilities Commission of Sri Lanka (PUCSL) approved power cuts of 2 hours for today and tomorrow as follows;Groups ABCDEFGHIJKLPQRSTUVW: 1 hour during daytime 1 hour during the night

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Financial Literacy Survey: 42% financially illiterate - - Sri Lanka
Financial Literacy Survey: 42% financially illiterate
COLOMBO (News 1st) – The first ever nationwide survey of financial literacy by the Central Bank has found that 42% of Sri Lankan adults are financially illiterate.‘Financial Literacy Survey Sri Lanka – 2021’, a publication of the Central Bank of Sri Lanka, is now available for public access.The Regional Development Department of the Central Bank of Sri Lanka, with the assistance of the International Finance Corporation (IFC) – under the IFC-DFAT Women in Work program – conducted the first-ever countrywide Financial Literacy Survey in Sri Lanka, as part of the implementation of the National Financial Inclusion Strategy of Sri Lanka. The key objective of the survey was to assess the level of financial literacy across the population to formulate appropriate policy measures.The survey focused on the elements of knowledge, attitudes, and behavior within the concept of financial literacy and this publication consists of the key survey findings.The survey findings reveal that 57.9 percent of adults are financially literate in Sri Lanka. Further, the findings imply that the level of financial literacy varies across different segments of the population, suggesting the need for targeted policy interventions. For instance, despite gender parity in education, the survey notes gender disparity in financial literacy.This publication is a useful collection of information for those who are interested in the field of financial inclusion.Writer: Teena Marian