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India approves US$1 bn line of credit for Sri Lanka to help pay for key imports

The Government of India has approved USD 1 billion line of credit (LoC) for Sri Lanka, to help the Island nation for importing food, essential items and medicine. Sri Lankan Finance Minister Basil Rajapaksa is visiting India on March 15, 2022 to seal the deal. The island nation Sri Lanka is currently facing severe economic crisis. […]

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9th India-Sri Lanka Bilateral Maritime Exercise SLINEX to be held at Visakhapatnam

The Ninth Edition of India – Sri Lanka Bilateral Maritime Exercise SLINEX (Sri Lanka–India Naval Exercise) is scheduled at Visakhapatnam from 07 Mar to 10 Mar 2022. The exercise is being conducted in two phases; the Harbour Phase at Visakhapatnam on 07-08 Mar 22 followed by the Sea Phase on 09-10 Mar 22 in the

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Former Sri Lankan Airlines CEO Vipula Gunatilleka roped in as Jet Airways CFO

Former Sri Lankan Airlines CEO Vipula Gunatilleka has been named as the Chief Financial Officer (CFO) of Jet Airways by the new promoters Jalan Kalrock Consortium. Gunatilleka was the CEO of SriLankan Airlines until January 2022. He will join Jet Airways with effect from March 1, 2022.

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India to help Sri Lanka launch its version of Aadhaar Card

India has agreed to provide a grant to Sri Lanka to implement a ‘Unitary Digital Identity framework’, apparently modelled on the Aadhaar card. The Rajapaksa government will “prioritise” the implementation of the Framework as a national-level programme. The initiative follows bilateral talks between President Gotabaya Rajapaksa & Prime Minister Narendra Modi in December 2019.

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India give support to Sri Lanka to overcome forex crisis

India has announced a USD 900 million loan to Sri Lanka to build up its depleted foreign reserves and for food imports, amidst a shortage of almost all essential commodities in the island nation. It must be noted that Sri Lanka is currently facing a shortage of almost all essential commodities due to a shortage of dollars to pay

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