India and Sri Lanka arrive at a compromise on Trincomalee oil tanks

India and Sri Lanka arrive at a compromise on Trincomalee oil tanks

By P.K.Balachandran Colombo, April 29 (newsin.asia): India and Sri Lanka have arrived at a compromise on the sensitive and problematic issue of the Trincomalee oil tanks, with both sides climbing down from their earlier positions but gaining some ground at the same time. As per the Memorandum of Understanding (MoU) on Cooperation of Economic Projects signed in New Delhi on...

India and Sri Lanka sign MOU on several joint venture economic projects

India and Sri Lanka sign MOU on several joint venture economic projects

By P.K.Balachandran Colombo, April 26 (www.bdnews24.com): India and Sri Lanka on Wednesday signed a Memorandum of Understanding (MoU) on “Cooperation in Economic Projects” during the on-going visit of the Sri Lankan Prime Minister Ranil Wickremesinghe to India. The MoU envisages joint ventures in several areas of development. Wickremesinghe and his Indian counterpart, Narendra Modi, welcomed the signing of the MoU...

Sri Lanka confident of GSP plus ahead of crucial vote on Thursday

Sri Lanka confident of GSP plus ahead of crucial vote on Thursday

Colombo, April 26 (NIA) - Sri Lanka, on Wednesday said it was confident of regaining key EU trade concessions known as the GSP plus despite concerns raised by a few members of the European Parliament. Deputy Foreign Minister, Harsha De Silva, in a statement on his official Facebook page said he had met with several members of the European Parliament...

Agitations against Indian and Chinese investments may adversely affect FDI in Sri Lanka

Agitations against Indian and Chinese investments may adversely affect FDI in Sri Lanka

By P.K.Balachandran/www.southasianmonitor.com Colombo, April 24: Agitations against major Indian and Chinese projects in Sri Lanka, trigged by a fear of domination by these powers, may adversely affect the investment climate in the island and reduce the flow of Foreign Direct Investment (FDI) at a time when Sri Lanka desperately needs FDI to tide over a severe resource crunch. Because of...

India relaxes conditions for loans given to Bangladesh

India relaxes conditions for loans given to Bangladesh

Kolakata, April 24 (www.bdnews24.com): With the latest credit of $4.5 billion in 2017, India offered total of $7.5 billion loan to Bangladesh in last few years on their own terms. After fruitful discussion between Bangladesh Finance minister AMA Muhith and his counterpart Arun Jaitley on the sidelines of the Spring Meeting of the World Bank Group – IMF, India agreed...

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