Reliance Announces partnership with Sri Lanka’s Maliban: Reliance Consumer Products Limited, an FMCG company and wholly-owned subsidiary of Reliance Retail Ventures Limited, recently established a strategic alliance with Maliban Biscuit Manufactories Limited, a company having its headquarters in Sri Lanka. February 2023 Current Affairs Quiz Maliban, a biscuit manufacturer, has been well-known for the last… Read More »
NDDB, Amul to provide tech support to boost milk production in Sri Lanka: India will provide technical support to Sri Lanka to enhance its dairy industry and milk output with an aim to reduce the dependence on imported milk products. On Monday, the Sri Lankan President’s Office announced that India would provide technical assistance to Sri Lanka… Read More »
India emerges as Sri Lanka’s largest bilateral lender: India has overtaken China to emerge as the largest bilateral lender for Sri Lanka. September 2022 Current Affairs Quiz India has provided a total of 968 million US dollars in loans to Sri Lanka in four months of 2022. In the past five years from 2017-2021, China has been the… Read More »
Ranil Wickremesinghe, 73, has been elected the 9th President of Sri Lanka. He was voted to the country’s top job not by the people but by members of Parliament to finish the remainder of the term of Gotabaya Rajapaksa. His elevation is not likely to end the ongoing political crisis in Sri Lanka and may… Read More »
Sri Lanka has decided to amend the Minimum Age for Migrant Domestic Workers to 21 years. A document from the Department of Government Information said that the Cabinet of Ministers granted permission to revise the said age limit, after considering the recommendations of the Cabinet-appointed Sub-Committee. For Saudi Arabia the minimum age is 25 years,… Read More »
Australia has announced to provide 50 million US dollars support to Sri Lanka for meet urgent food and health care needs. Presently, Sri Lanka is facing its worst economic crisis in 70 years, which leads to food shortage, medicine and fuel. Australia will provide 22 million dollars to the World Food Programme (WFP) for emergency food assistance to meet their daily… Read More »
Amid the ongoing disastrous financial crisis with severe food, power and fuel shortages in Sri Lanka, Prime Minister Ranil Wickremesinghe told Parliament on Tuesday that the UN has planned to provide humanitarian assistance of around $48 million over a four-month period to the island nation’s food, agriculture and health sectors. New Delhi’s financial assistance worth over $3 billion since… Read More »
The World Bank will provide financial assistance to Sri Lanka of USD 600 dollars to meet the payment requirements for essential imports. Sri Lanka has also talked with the International Monetary Fund (IMF) for financial assistance, but the country needs 3 to 4 billion dollars in bridge financing to help meet its essential expenses. India has helped Sri Lanka by… Read More »
Prime Minister Narendra Modi will attend a virtual summit of the seven-nation BIMSTEC grouping on March 30, which is expected to focus on expanding economic engagement among its member countries. The summit is being hosted by Sri Lanka in its capacity as the chair of the BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and… Read More »
Govt of India has approved $ 1 billion line of credit (LoC) for Sri Lanka to help the Island nation for importing food, essential items and medicine. Sri Lanka is currently facing a severe economic crisis. LoC is being extended by India in line with its efforts to assist its neighbouring country in fight against the COVID-19 pandemic, and to… Read More »