Four-pillar Eco. Indo-Sri Lanka partnership: New Delhi gives 1 Billion USD credit
September 21, 2023
  • Circulation
  • Advertise
  • Careers
  • About Us
  • Contact Us
Organiser
  • ‌
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Europe
    • North America
    • South America
    • Africa
    • Australia
    • Global Commons
  • G20
  • Editorial
  • Analysis
  • Opinion
  • International
  • More
    • Sports
    • Defence
    • RSS in News
    • Azadi Ka Amrit Mahotsav
    • Politics
    • Vocal4Local
    • Business
    • Economy
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Law
    • Health
    • Obituary
    • Podcast
MAGAZINE
No Result
View All Result
  • ‌
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Europe
    • North America
    • South America
    • Africa
    • Australia
    • Global Commons
  • G20
  • Editorial
  • Analysis
  • Opinion
  • International
  • More
    • Sports
    • Defence
    • RSS in News
    • Azadi Ka Amrit Mahotsav
    • Politics
    • Vocal4Local
    • Business
    • Economy
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Law
    • Health
    • Obituary
    • Podcast
No Result
View All Result
Organiser
No Result
View All Result
  • Home
  • Bharat
  • World
  • G20
  • Editorial
  • Opinion
  • Analysis
  • Culture
  • Defence
  • International Edition
  • RSS in News
  • Magazine
Home Bharat

Four-pillar Eco. Indo-Sri Lanka partnership: New Delhi gives 1 Billion USD credit

by WEB DESK
Mar 17, 2022, 10:53 pm IST
in Bharat, World, Delhi
Sri Lankan Finance Minister Basil Rajapaksa with Indian PM Narendra Modi (Photo Credit: Swarajya)

Sri Lankan Finance Minister Basil Rajapaksa with Indian PM Narendra Modi (Photo Credit: Swarajya)

FacebookTwitterWhatsAppTelegramEmail

India's assistance of USD 1 billion loan to Sri Lanka would be used for importing food, medicines and other essential items.

 

New Delhi: Strengthening India-Sri Lanka bond further and opening up new vistas, India on Thursday (March 17) announced a USD 1 billion line of credit to Sri Lanka as part of its financial assistance to help the island nation deal with its economic crisis.

"The USD 1 billion loan facility, which formed the key component of the four-pillar economic cooperation arrangement agreed between India and Sri Lanka during Minister Rajapaksa's visit to New Delhi in December last year, was extended to the government of Sri Lanka for procurement of food, medicines and other essential items," the Sri Lankan high commission said in a statement.

Sri Lanka has landed into economic troubles due to its one-sided and faulty policies favouring China.

After an agreement to extend the line of credit was inked, Ministry of External Affairs (MEA) spokesperson Arindam Bagchi said India has always stood with the people of Sri Lanka and will continue to extend all possible support to the southern neighbour. 

At the weekly media briefing, he said the assistance would be used for importing food, medicines and other essential items.

"India has always stood with the people of Sri Lanka and we will continue to extend all possible support at this juncture. I think we are cognizant of the economic difficulties the country is facing," Bagchi said.

Visiting Sri Lankan Finance Minister Basil Rajapaksa witnessed the signing of the agreement for the USD 1 billion line of credit being extended through the State Bank of India (SBI).

The signing ceremony was held at the Ministry of Finance in the presence of Rajapaksa, External Affairs Minister Dr S Jaishankar and Union Finance Minister Nirmala Sitharaman.

The visiting Minister held meetings with Dr Jaishankar and called on Prime Minister Narendra Modi on Wednesday, March 16. During the meeting, Mr Modi reiterated India would "continue to stand" with the friendly people of Sri Lanka.

Last month, India extended a USD 500 million line of credit to Sri Lanka to help it purchase petroleum products as the island nation has been reeling under a severe foreign exchange and energy crisis.

Rajapaksa also met Minister of Power and New and Renewable Energy R. K. Singh and discussed ways and means to further deepen and broaden bilateral cooperation in the power and renewable energy sector.

During the bilateral talks, the two sides agreed to set up a framework for short, medium and long-term economic cooperation between the two countries aimed at addressing Sri Lanka's present economic challenges.
 

 

ShareTweetSendShareSend
Previous News

Despite Multiple Sabotage Attempts, The Kashmir Files Marches Towards Grand Success at Box Office

Next News

What Kashmiri Pandits Faced Was Far Scarier Than What Has Been Shown in The Kashmir Files, Says IPS Officer Who Served in the Valley

Related News

India or Bharat: Reclaiming the soul

India or Bharat: Reclaiming the soul

West Bengal’s education system in deep soup; A mockery of academic values  

West Bengal’s education system in deep soup; A mockery of academic values  

Himachal Pradesh: Ayaz Khan posed as army officer Sonu to trap a Dalit woman & took her to J&K for ‘Conversion Nikah’ 

Himachal Pradesh: Ayaz Khan posed as army officer Sonu to trap a Dalit woman & took her to J&K for ‘Conversion Nikah’ 

Maoists drop pamphlet threatening Maharashtra minister; Urge locals to bar him from entering Gadchiroli

Maoists drop pamphlet threatening Maharashtra minister; Urge locals to bar him from entering Gadchiroli

Gujarat: IAF’s first ‘tactical transport aircraft’ C-295 successfully lands at Vadodara airbase

Gujarat: IAF’s first ‘tactical transport aircraft’ C-295 successfully lands at Vadodara airbase

Madhya Pradesh: A Dalit family including women were attacked by Islamists for playing music in Ganesh Pandal

Madhya Pradesh: A Dalit family including women were attacked by Islamists for playing music in Ganesh Pandal

Load More

Comments

The comments posted here/below/in the given space are not on behalf of Organiser. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Latest News

India or Bharat: Reclaiming the soul

India or Bharat: Reclaiming the soul

West Bengal’s education system in deep soup; A mockery of academic values  

West Bengal’s education system in deep soup; A mockery of academic values  

Himachal Pradesh: Ayaz Khan posed as army officer Sonu to trap a Dalit woman & took her to J&K for ‘Conversion Nikah’ 

Himachal Pradesh: Ayaz Khan posed as army officer Sonu to trap a Dalit woman & took her to J&K for ‘Conversion Nikah’ 

Maoists drop pamphlet threatening Maharashtra minister; Urge locals to bar him from entering Gadchiroli

Maoists drop pamphlet threatening Maharashtra minister; Urge locals to bar him from entering Gadchiroli

Gujarat: IAF’s first ‘tactical transport aircraft’ C-295 successfully lands at Vadodara airbase

Gujarat: IAF’s first ‘tactical transport aircraft’ C-295 successfully lands at Vadodara airbase

Madhya Pradesh: A Dalit family including women were attacked by Islamists for playing music in Ganesh Pandal

Madhya Pradesh: A Dalit family including women were attacked by Islamists for playing music in Ganesh Pandal

New Delhi: Renowned dancer Dr Saroja Vaidyanathan leaves for heavenly abode

New Delhi: Renowned dancer Dr Saroja Vaidyanathan leaves for heavenly abode

‘Canada becoming safe haven for terrorists’: India hits back as diplomatic row intensifies 

‘Canada becoming safe haven for terrorists’: India hits back as diplomatic row intensifies 

Manipur: Armed Kuki militants threaten civilians in Ukhrul district; Apex Naga body issues stern warning to them

Manipur: Armed Kuki militants threaten civilians in Ukhrul district; Apex Naga body issues stern warning to them

Switzerland: Parliament approves ban on face veils, burqas and imposes ‘strict’ fine for violators in country

Switzerland: Parliament approves ban on face veils, burqas and imposes ‘strict’ fine for violators in country

  • Privacy
  • Terms
  • Cookie Policy
  • Refund and Cancellation
  • Delivery and Shipping

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies

No Result
View All Result
  • Home
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Africa
    • North America
    • South America
    • Europe
    • Australia
    • Global Commons
  • Editorial
  • Opinion
  • Analysis
  • Defence
  • Culture
  • Sports
  • Business
  • RSS in News
  • Entertainment
  • More ..
    • Sci & Tech
    • Vocal4Local
    • Special Report
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Politics
    • Law
    • Economy
    • Obituary
    • Podcast
  • Subscribe Magazine
  • Advertise
  • Circulation
  • Careers
  • About Us
  • Contact Us
  • Policies & Terms
    • Privacy Policy
    • Cookie Policy
    • Refund and Cancellation
    • Terms of Use

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies