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The Inland Revenue and Police departments have formulated a joint plan to levy taxes on financial and other assets of criminals who have amassed money from extortion, drug trafficking and other underworld activities, said highly placed sources.

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The International Monetary Fund (IMF) will conduct the first review of the USD 2.9 billion bailout to Sri Lanka from September 11-19, state minister of finance Ranjith Siyambalapitiya said on Saturday (12) and declared that the country has successfully fulfilled the nine conditions set by the global lender.

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