Modi realises that the political problems in neighbouring countries have to be smoothened out if profit-making has to be taken to its logical conclusion.
Modi calls document ‘India’s long-term commitment towards Sri Lanka’ and says the island nation plays an essential role in India's 'Neighbourhood First' policy.
Basil reportedly tried to take a flight out of the country amid the ongoing economic crisis but airport officials refused to let him leave following protests by passengers.
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.
The bankrupt nation will slash its budget expenditure to 'bare bones' and hopes to break even or post a primary surplus of 1% of GDP by 2025, Prime Minister Ranil Wickremesinghe said.
Wickremesinghe has held talks with foreign envoys and discussed ways to replenish food, fertilizer & medicine supplies. Sri Lanka needs $4 billion over next 8 months to pay for essential imports.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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