India’s Neighbourhood Current Affairs - 2020

Sri Lanka: Mahinda Rajapaksa takes oath as Prime Minister

On August 9, 2020, former president of Sri Lanka Shri Mahinda Rajapaksa was sworn in as the new prime minister. Mahinda Rajapaksa Rajapaksa has completed 50 years of politics in July 2020. He was elected as the Member of Parliament at the age of 24. Since then, he has been elected as President of Sri Read More…

Facts Box: General Financial Rules, 2017 amended

The Government of India recently amended General Financial Rules, 2017. The rules were amended to impose restrictions on public procurement from the neighbourhood countries of India that share land border. This has been done on national security grounds. Highlights A detail order on public procurement was issued by the Department of Expenditure to strengthen defence Read More…

India-Maldives sign agreement to establish “Emergency Medical Services” in Male

On July 22, 2020, India and Maldives signed agreement to establish “Emergency Medical Services” in Male. Highlights The Emergency Medical Service is financed by India under grant assistance of 20 million USD for neighbouring countries. This will help to increase the collaboration between the countries, especially in the areas of health care facilities, disaster responses Read More…

GoI amends FDI policy

On April 18, 2020, the Government of India amended the Foreign Direct Investment (FDI) policy. This has been done to prevent opportunistic acquisitions of Indian companies due to COVID-19 economic crisis. The amendments has been made to the Consolidated FDI policy, 2017. What is the current rule? Under the current rule, any non-resident entity from Read More…

Sri Lankan Prime Minister visits India: Terrorism and Trade discussed

On February 8, 2020, the Sri Lankan Prime Minister Mahinda Rajapaksa held high level talks with PM Modi during his five-day visit to India. The leaders held talks about terrorism, trade and economic projects in New Delhi Highlights The meet will enhance mutual economic trade and investment. The leaders also discussed improving tourism and connectivity. Read More…