India-Sri Lanka Current Affairs - 2020

India gifts former Indian Coast Guard Ship Varaha to Sri Lanka

India has gifted its former Indian Coast Guard (ICG) Ship Varaha to Sri Lanka. The ceremonial of handing over of the ship took place at the port of Colombo in keeping with naval customs and traditions. The patrol ship had been in service with Sri Lanka Navy as Sri Lanka Naval Ship Sagara since 2006. Read More…

RBI, Central Bank of Sri Lanka ink currency swap agreement

Reserve Bank of India has signed a special currency swap agreement with the Central Bank of Sri Lanka (CBS). Under this agreement, Sri Lankan bank can draw up to 1.1 billion dollars for a maximum period of 6 months.  It was signed with an intention to mitigate the possible currency volatility in the spirit of Read More…

RBI signs $400 million currency swap pact with Sri Lanka

The Reserve Bank of India (RBI) has signed a US $400 million currency swap agreement with the Central Bank of Sri Lanka. The currency swap agreement will allow central banks of both nations to make withdrawals of US Dollar or Euro in multiple tranches up to a maximum of USD 400 million or its equivalent. Read More…

Prime Minister Narendra Modi inaugurates the restored North-South Rail link of Sri Lanka

Prime Minister Narendra Modi on 14 March 2015 flagged off the first train from Thalaimannar to Madhu Road in North Sri Lanka. It marks the completion and restoration of the prestigious project of Indian Railways to restore the North-South Rail link of Sri Lanka after decades of civil war. The North-South Rail link was completely destroyed by Read More…

India, Sri Lanka ink four agreements

India and Sri Lanka on 13 March 2015 signed four agreements. These agreements were signed during Prime Minister Narendra Modi’s maiden visit to the island nation as part of three-nation of Indian Ocean tour of Mauritius, Seychelles and Sri Lanka. The four agreements signed are Agreement on visa. Agreement on customs. Agreement on youth development. Read More…