-
LONDON: Indian-Origin Teen In UK Gets “Life-Changing” Cancer Treatment - April 25, 2024
-
SILICON VALLEY: All About Pavan Davuluri, New Head Of Microsoft Windows - April 25, 2024
-
LONDON: UK’s India Gate To Commemorate Role Of Indian Soldiers From World Wars - April 24, 2024
-
HARARE: Shri Bramha Kumar appointed as the next Ambassador of India to the Republic of Zimbabwe - April 23, 2024
-
LONDON: Indian-Origin Principal Wins UK Legal Challenge Over School Prayer Ban - April 23, 2024
-
TORONTO: Indian-Origin Doctor Needs ₹ 2 Crore For Legal Fees. Elon Musk Responds - April 22, 2024
-
KINSHASA: India-Democratic Republic of Congo Foreign Office Consultations - April 21, 2024
-
LONDON: UK Court Allows Sale Of Nirav Modi’s Luxury London Apartment - April 21, 2024
-
TEHRAN: Travel advisory for Iran and Israel - April 20, 2024
-
LUXEMBOURG: Shri Saurabh Kumar concurrently accredited as the next Ambassador of India to the Grand Duchy of Luxembourg - April 20, 2024
COLOMBO: ‘Will stand by Lanka’: India approves $1bn line of credit
COLOMBO: India announced a $ 1 billion line of credit to Sri Lanka on last Thursday as part of its financial assistance to help the island nation deal with its economic crisis.
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 country.
At a weekly media briefing, he said the assistance will 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 $1 billion line of credit being extended through the SBI.
The signing ceremony was held at the ministry of finance in the presence of Rajapaksa, external affairs minister S Jaishankar and finance minister Nirmala Sitharaman.