Sri Lankan cabinet Tuesday approved proposal for the loan, which will be extended via EXIM Bank of India. India will also be supplying the country with 65,000 metric tonnes of urea.
Disputes with Tamil fishermen from India, coupled with the fuel crisis and price rise, have landed fishing communities along Sri Lanka’s northern coast in the middle of a perfect storm.
India is ‘closely watching’ the next ‘big step’ that Sri Lanka — in the grips of raging protests — is planning to take in terms of doing away with the presidential system of governance.
Protest village includes a kitchen, medical centre run by Sri Lankan Red Cross, library, art gallery, cinema hall & space for debate. During this week's violence, people ran to protect protestors.
Rajapaksa govt, battling an unprecedented economic crisis, has also sought India's help in extending some of the previous lines of credit till Colombo is able to negotiate a financial package with IMF.
Instability in Pakistan, economic crisis in Sri Lanka, anti-India campaign in Maldives, Taliban in Afghanistan & China’s growing footprint — all these pose long-term risks.
The Rajapaksa government should have shelved some of the China-funded infrastructure projects, which were high on debt servicing and low on revenue earnings.
China is said to be trying ‘to gain maximum advantage’ out of the crisis in Sri Lanka — marked by shortages & power cuts — and is ‘following up’ on measures India is announcing.
Israel's response to Iran's retaliatory attack was relatively small and also downplayed by Tehran. But there are factors that could jeopardise this perceived reprieve.
The 125 APAs include 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). The total number of APAs since the start of the APA programme has risen to 641, with 506 UAPAs and 135 BAPAs.
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