Talks on FTA & vision for comprehensive economic & maritime security partnership are other talk outcomes. Maldivian President looks to India for tiding over liquidity challenges.
RBI has already finalised an agreement to extend a $400 million currency swap facility to Sri Lanka, but its President Gotabaya has asked for $1.1 billion more.
The agreement was signed during PM Modi’s visit to Japan. Finance minister Arun Jaitley said it reflected the “depth of our deeper economic relationship”.
India’s policy on Myanmar has been to deal with its Generals and maintain a distance from the country’s insurgent groups and political struggles. This will have to change.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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