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Poverty in Sri Lanka is 24.8% of the population as of July 1, 2024 [1] Sri Lanka's life expectancy and literacy rate are nearly on par with those of developed countries, and even top [vague] the rankings for the South Asia region.
Private provident funds existed in the private sector, with some companies contributing on a voluntary basis until 1958, when the Employees' Provident Fund was established by S. W. R. D. Bandaranaike following the enactment of the Employees' Provident Fund Act No 15 of 1958 which established the Employees' Provident Fund which made it compulsory for all employers and employees to contribute if ...
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
High income inequality/disparity and increased poverty have contributed to the prevalent corruption culture in Sri Lanka. Corruption has always been a hot topic in Sri Lanka and has been a root cause of Sri Lanka's worsening economic situation since 2019. [9] Corruption was among many issues which provoked the 2022 nationwide protests. These ...
Sri Lankan garment workers. Gender inequality in Sri Lanka is centered on the inequalities that arise between men and women in Sri Lanka.Specifically, these inequalities affect many aspects of women's lives, starting with sex-selective abortions and male preferences, then education and schooling in childhood, which influence job opportunities, property rights, access to health and political ...
Experiments done in Africa (Uganda and Tanzania) and Sri Lanka on hundreds of households have shown that a bicycle can increase the income of a poor family by as much as 35%. [125] [126] [127] Transport, if analyzed for the cost-benefit analysis for rural poverty alleviation, has given one of the best returns in this regard. For example, road ...
Women in Sri Lanka make up to 52.09% of the population according to the 2012 census of Sri Lanka. [7] Sri Lankan women have contributed greatly to the country's development, in many areas. Historically, a masculine bias has dominated Sri Lankan culture , although woman have been allowed to vote in elections since 1931 . [ 8 ]
Education in Sri Lanka has a long history that dates back two millennia. While the Constitution of Sri Lanka does not provide free education as a fundamental right, the constitution mentions that 'the complete eradication of illiteracy and the assurance to all persons of the right to universal and equal access to education at all levels" in its section on directive principles of state policy ...