Search For "line of credit"
India rubbishes report of Sri Lanka using Line of Credit to import water c
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], May 7 (ANI): The Indian embassy in Sri Lanka on Saturday rubbished the reports suggesting that the Sri Lankan government used the Line of Credit (LoC) extended by India during the ongoing crisis to import a water cannon vehicle.
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Amid economic crisis in Sri Lanka, ration, vegetables from India reach Col
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 10 (ANI): As vegetables and daily ration items sent by New Delhi reached Colombo, India again stepped forward to help Sri Lanka amid the worst economic crisis in the island nation.
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Currency depreciation major concern in Sri Lanka: MD of Lanka IOC
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 9 (ANI): Managing Director of Lanka Indian Oil Corporation, Manoj Gupta, says that Sri Lanka is undergoing the worst currency depreciation as the price of the US Dollar in Sri Lanka rose by over 50 per cent from Sri Lankan Rupees 203 to Rs 320, resulting in some
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Ongoing line of credit to Sri Lanka touches USD 1.5 bn, consignments to co
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 5 (ANI): The ongoing Lines of Credit (LOCs) that India has extended to crisis-hit Sri Lanka for procurement of fuel and food have currently totalled USD 1.5 billion and the consignments will further continue, India's High Commissioner to Sri Lanka Gopal Baglay tol
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India supplies 6000 MT of fuel to Sri Lanka
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 2 (ANI): Indian Oil Corporation subsidiary in Sri Lanka on Saturday has supplied 6,000 MT of fuel to the Ceylon Electricity Board, to help ease the power crisis in the island country which is witnessing acute power cuts. The consignment of fuel is part of the US 50
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India-Nepal hold 9th round of Line of Credit review meeting in Kathmandu
Updated : 3 years, 11 months ago IST
Kathmandu [Nepal], March 31 (ANI): The 9th India-Nepal Line Of Credit (LoC) review meeting was held in Kathmandu on 29 March 2022, a release from Indian Mission in Nepal stated.
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Three substations built under Indian Line of Credit inaugurated in Nepal
Updated : 3 years, 11 months ago IST
Kathmandu [Nepal], March 28 (ANI): Three substations under the Modi-Lekhnath Transmission Line and Substations Project, being financed under the Government of India's Line of Credit of USD 250 million (LOC II), were inaugurated today in Laha Chowk, Kaski district, Nepal.
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Sri Lankan finance minister to visit India today
Updated : 4 years ago IST
New Delhi [India], March 15 (ANI): Amid the worsening economic situation in his country, Sri Lankan Finance Minister Basil Rajapaksa will begin his India visit on Tuesday, hoping to seal a USD 1 billion line of credit (LoC).
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Timely help from India rescues Sri Lanka from economic crisis
Updated : 4 years ago IST
Colombo [Sri Lanka], March 4 (ANI): Due to a severe shortage in oil, gas, medicines, and food items because of a shortage of forex, Sri Lanka was under huge economic crisis, however, India's timely help rescued the emerald island.
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Sri Lanka successfully completes trial run of AC train supplied by India
Updated : 4 years, 1 month ago IST
Colombo [Sri Lanka], February 21 (ANI): Sri Lanka has successfully completed trials of an AC train supplied by India under a USD 318 million line of credit (LoC) extended in 2014-15, the Indian High Commission in Sri Lanka said in an official statement on Sunday.
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India to help Sri Lanka with USD 2.4 billion to overcome financial crisis:
Updated : 4 years, 2 months ago IST
New Delhi [India], January 20 (ANI): As Sri Lanka is facing a serious financial crisis, India has stepped up and pledged a whopping USD 2.415 billion to the island nation to help overcome dire financial constraints caused by external debt payments and a lack of US dollars in the country for
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Despite COVID-19 pandemic, India disbursed 10 billion dollars in lines of
Updated : 4 years, 3 months ago IST
Dhaka [Bangladesh], December 15 (ANI): Expressing satisfaction over the progress in Line of Credit to Bangladesh, Foreign Secretary Harsh Vardhan Shringla on Wednesday said that India has disbursed 10 billion dollars in LOC money despite the COVID-19 pandemic.
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