Lines of Credit Current Affairs - 2020

India signs Agreement to provide $318 million Line of Credit to Sri Lanka

India has signed an agreement with Sri Lanka to provide USD 318 million as line of credit for developing Sri Lanka’s railway sector. The agreement was signed between Sri Lanka’s Ministry of Finance and Mass media, and Managing Director of India’s Export Import Bank in Colombo. Background In 2015, during the visit of Prime Minister Narendra Read More…

CCEA approves production subsidy of Rs 4.50/quintal to Sugarcane farmers

The Cabinet Committee on Economic Affairs (CCEA) has decided to pay a production-linked subsidy of Rs 4.50 per quintal directly to sugarcane farmers in the current crushing season. Decision in this regard was taken at CCEA meeting chaired by Prime Minister Narendra Modi in New Delhi. Key facts This decision aims at helping cash strapped Read More…