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EXIM Bank- Sri Lanka $500-mn loan agreement
On February 2, 2022, the Export Import Bank (EXIM) of India and Government of Sri Lanka signed a USD 500- million Line of Credit agreement. Key Facts The loan agreement is aimed at helping Sri Lanka cope with its current ..
Month: Current Affairs - February, 2022
Category: International / World Current Affairs
Sri Lanka Inter-city Train Service with Indian Aid
Sri Lanka had created an inter-city railway service with the help of India. India provided diesel units to the project. Railway services were launched between Jaffna and Colombo. With this India wanted to send a strong message that it has ..
Month: Current Affairs - January, 2022
Category: India Nation & States Current Affairs • International / World Current Affairs
Sri Lanka India Oil Deal
On January 6, 2022, the Sri Lankan Government signed an agreement with the Lanka Indian Oil Corporation (LIOC). According to the agreement, Sri Lanka will lease oil tanks to IOC. About the Agreement Sri Lanka has leased 14 tanks to ..
Month: Current Affairs - January, 2022
Category: International / World Current Affairs
Trincomalee Oil Tank Deal- Updates
Sri Lankan Cabinet has given its approval to a new deal with India, announced by the energy minister, for jointly developing the Trincomalee oil tank farm. Key Facts Ministers have nod to proposal presented by Minister of Power for allocating: 24 ..
Month: Current Affairs - January, 2022
Category: International / World Current Affairs
What is Trincomalee oil tank farm deal?
Sri Lanka is soon going to ink the long-dragging deal with India for jointly develop the ‘Trincomalee oil tank farm’. Highlights Trincomalee oil tank farm deal is a coveted project, that has remained controversial since long time. India and Sri ..
Month: Current Affairs - December, 2021
India and Sri Lanka revive Parliament Friendship Association
India and Sri Lanka have revived their “Parliamentary Friendship Association” for which Minister Chamal Rajapaksa has been selected as its president. Key Points This association was there in the past. It is being revived for current Parliament which was elected in ..
Month: Current Affairs - November, 2021
Sri Lanka receives first consignment of Nano Nitrogen Liquid Fertilizer from India
Sri Lanka has received the first consignment of non-harmful Nano Nitrogen liquid fertiliser from India on October 20, 2021. Key Facts Of all, India sent 3.1 million litres of high quality non-harmful Nano Nitrogen liquid fertiliser. The fertilizer will help ..
Month: Current Affairs - October, 2021
INS Shakti reached Sri Lanka with 100 tonnes of Liquid Medical Oxygen
Indian naval ship (INS) Shakti reached Sri Lanka on August 22, 2021 carrying 100 tonnes of liquid medical oxygen (LMO) in a bid to help the island nation in combating the Covid-19 pandemic. Highlights INS Shakti was deployed for the ..