India will set up hybrid power projects in three islands off Jaffna

India will set up hybrid power projects in three islands off Jaffna, effectively replacing the Chinese venture cleared by Colombo last year. India will set up hybrid power projects in three islands off Jaffna: Key-Points The MoU for the project was among those signed during a meeting between visiting External Affairs Minister (EAM) S. Jaishankar … Read more

India extended a $1 billion credit facility to Sri Lanka

India extended a $1 billion credit facility to Sri Lanka to assist the island nation through its worst foreign exchange crisis and enable it to procure food, medicines, and essential items. Key-Points An agreement to this effect was signed between the State Bank of India and the government of Sri Lanka, during a visit of … Read more

India and Sri Lanka relations

With reference to the India and Sri Lanka relations, consider the following statements: 1. India-Sri Lanka Joint Committee on S&T Cooperation held for the first time on January 20, 2022. 2. Recently both countries extended the existing S&T cooperation for 3 more years. Which of the statements given above is/are correct? A.1 only B. 2 … Read more

India- Sri Lanka relations

With reference to India- Sri Lanka relations, consider the following statements: 1. India confirmed a $400 million currency swap with Sri Lanka while deferring another $500 million due for settlement to the Asian Clearing Union (ACU). 2. Both countries recently signed an agreement on jointly developing the strategically located Trincomalee oil tank farm along the … Read more