-
LONDON: Twinkle Khanna poses with Rishi Sunak - October 7, 2023
-
OSLO: Arctic sea ice may melt faster in coming years due to shifting winds - October 6, 2023
-
TOKYO: How brain implants are treating depression - October 5, 2023
-
BANGKOK: Turmeric May Be as Good as OTC Drug Omeprazole for Treating Indigestion - October 4, 2023
-
ULAANBAATAR: Shri Atul Malhari Gotsurve appointed as the next Ambassador of India to Mongolia - October 4, 2023
-
MUMBAI: All about Dadasaheb Phalke Award winner Waheeda Rehman - October 3, 2023
-
CHENNAI: India’s successful moon landing follows recent failures by other countries - October 2, 2023
-
SINGAPORE CITY: 17th India-Singapore Foreign Office Consultations (FOC) - October 2, 2023
-
MUMBAI: Waheeda Rehman on being conferred with the Dadasaheb Phalke award - October 1, 2023
-
CALIFORNIA: Meta unveils AI assistant, Facebook-streaming glasses - October 1, 2023
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.