RBI signs $400 mn currency swap with Sri Lanka

News: The Reserve Bank of India(RBI) has signed a $400-million currency swap facility with Sri Lanka under the SAARC Currency Swap Framework 2019-22. Facts: Currency Swap: The term Swap means exchange.Under this, a country provides dollars to a foreign central bank which at the same time provides the equivalent funds in its currency to the… Continue reading RBI signs $400 mn currency swap with Sri Lanka

SLINEX 2019

News:The annual Joint Indo-Sri Lanka maritime fleet exercise – SLINEX 2019 is scheduled to be held at the port of Visakhapatnam,India. Facts: SLINEX exercise was started in 2005 between Indian and Sri Lankan Navy. It was previously held once in two years and now it has been converted to an annual event. SLINEX exercise is… Continue reading SLINEX 2019

Sri Lanka keen on enhancing connectivity with Indian ports

The Sri Lanka Ports Authority(SLPA) chairman has said that Srilanka is keen on enhancing connectivity with Indian ports using ferry services. The chairman said that the two countries can set up a ferry service connecting Kankesanthurai port(KKS) in Jaffna with Karaikal near Puducherry and similarly between Colombo and Tuticorin in south India. This ferry service… Continue reading Sri Lanka keen on enhancing connectivity with Indian ports

PM Modi’s first bilateral visit to Maldives begins tomorrow

Prime Minister will be visiting the Maldives and Sri Lanka from June 8 ,2019.This will be his first overseas visit in the second term. This will be PM first visit to Maldives since 2011.The prime minister visited the island nation in November to attend Maldives President swearing-in ceremony.However,it was not a full-fledged bilateral visit. India-Maldives… Continue reading PM Modi’s first bilateral visit to Maldives begins tomorrow

Sri Lanka, Japan, India sign deal to develop East Container Terminal at Colombo Port

Sri Lanka has signed a deal with India and Japan to jointly develop the East Container Terminal at the Port of Colombo.This terminal would be beneficial for India as around 70% of Colombo Port shipment is related to India. However,India’s role in developing the terminal had been opposed by Sri lankan President as involving foreign… Continue reading Sri Lanka, Japan, India sign deal to develop East Container Terminal at Colombo Port

Ban on veils in Sri Lanka sparks concern

Sri Lankan President has issued an order for a ban on burqa,veil or covering of the face in a manner which prevents anyone from being identified. The President has used his emergency powers to ban any form of covering of the face in public.This move came days after local Muslim clerics urged Muslim women not… Continue reading Ban on veils in Sri Lanka sparks concern

India issues advisory for citizens travelling to Sri Lanka

The Ministry of External Affairs (MEA) has issued a travel advisory asking Indian nationals not to undertake non-essential travel to Sri Lanka.This comes in the backdrop of the Easter bombings in Sri Lanka which had left over 300 people dead. Moreover,the advisory also stated that in case of those undertaking emergency travels,they can contact the… Continue reading India issues advisory for citizens travelling to Sri Lanka

India may send NIA team to assist in probe

Indian Government may send National Investigation Agency(NIA) to Sri Lanka to study the recent series of blasts in churches and hotels across Sri Lanka that claimed more than 290 lives. Earlier,India had also shared intelligence inputs to Sri Lanka on possible terror strikes at different locations including the Indian High Commission. NIA has claimed that… Continue reading India may send NIA team to assist in probe

Serial blasts across Sri Lanka claim 200, several injured

A series of coordinated bombings has ripped the churches and hotels in Sri Lanka killing almost 300 people during Easter Celebrations.Most of the blasts appeared to have been suicide bombings. Sri Lanka’s government has also declared an indefinite national curfew and blocked social media networks such as Facebook and WhatsApp in order to prevent the… Continue reading Serial blasts across Sri Lanka claim 200, several injured

Sri Lanka’s 1st satellite ‘Raavana-1’ launched into space

Sri Lanka’s has successfully launched its first satellite Raavana-1 into space.It was launched from NASA’s Flight Facility on Virginia’s east shore. The satellite weighs around 1.05 kg and the lifespan of the satellite is around one and a half years. The launch marks Sri Lanka’s entry into the global space age.The satellite was designed and… Continue reading Sri Lanka’s 1st satellite ‘Raavana-1’ launched into space