Newsletter Archive

Newsletter - August 2020

Economic

 Focus Issues  High Impact News
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Kushinagar International Airport
The Union Cabinet chaired by Prime Ministe, Shri Narendra Modi has given its approval for declaration of Kushinagar Airport in Uttar Pradesh as an International Airport. The Kushinagar Airport is located in the vicinity of several other Buddhist Cultural sites like Sravasti, Kapilvastu and Lumbini...
 
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$400 million currency swap pact
The Reserve Bank of India (RBI) has signed a currency swap agreement with the Central Bank of Sri Lanka, on July 27, 2020. The Central Bank of Sri Lanka can make withdrawals of US Dollar, Euro or Indian Rupee in multiple tranches up to a maximum of USD 400 million or its equivalent under the currency...
 
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PM dedicatessolar power project to the Nation
Prime Minister of India, Shri Narendra Modi dedicated the Rewa Ultra Mega Solar Power project to the Nation via videoconference on July 10, 2020. Speaking on the occasion, Prime Minister said the Rewa project will make the entire region a major hub for pure and clean energy..
 
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NTPC plans solar power park in Sri Lanka
India’s largest power generation utility NTPC Ltd plans to set up a solar power project in Sri Lanka under the aegis of International Solar Alliance (ISA). India has been working on improving the energy infrastructure in Sri Lanka.Petronet LNG Ltd had earlier announced its...
 
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PM congratulates scientists after Atomic Power Plant reaches criticality
Prime Minister, Shri Narendra Modi congratulated nuclear scientists on July 22, 2020, as Gujarat's Kakrapar atomic power plant-3 achieved criticality...
 
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Rescheduling Bilateral Debt Repayment
India and Sri Lanka held a technical discussion on rescheduling of bilateral debt repayment by Sri Lanka on July 22, 2020. The constructive discussion between both sides took place in a cordial and positive atmosphere...
 
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India can be among top-5 agri-goods exporters
A World Trade Centre report says that by shifting its focus on cultivation and effectively handholding farmers, India can be among the top-five exporters of agro commodities. The report comes at a time when the government has announced major reforms in the...
 
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Three Repatriation flights from Sri Lanka
As part of phase IV of ‘Vande Bharat Mission’ around 440 Indian nationals stranded in Sri Lanka were repatriated on three special Air India flights from Colombo to Chennai (AI 0274) and Delhi (AI 0282) on July 3, 8 & 18, 2020 respectively. Over 1,800 Indian nationals...
 
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PM delivers keynote address at ECOSOC
Prime Minister Shri Narendra Modi delivered a keynote address (virtually) at this year’s High-Level Segment of the United Nations Economic and Social Council (ECOSOC) session at the United Nations in New York on July 17, 2020.This was the first address by PM to the broader...
 
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Deepening Economic Collaboration
High Commissioner of India to Sri Lanka, H.E. Gopal Baglay spoke at a virtual event titled “Deepening Economic Collaboration between India and Sri Lanka” on July 21, 2020. This event was organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) in...
 
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PM deliveres keynote address at IIS
Prime Minister, Shri Narendra Modi delivered the keynote address at the India Ideas Summit on July 22, 2020. The Summit was hosted by the US-India Business Council (USIBC). The theme for this year’s Summit was ‘Building a Better Future’. Prime Minister congratulated USIBC...
 
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Cooperation in Indigenous Medicine
Dr. Sushil Kumar, First Secretary (Technical Cooperation) met Mrs. H.W.M. Pushpalatha Manike, Additional Secretary, Ministry of Health and Indigenous Medicine Services of Sri Lanka on July 27, 2020 and discussed cooperation in the area of alternative medicine systems...
 
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PM launches Aatmanirbhar Bharat Innovation Challenge
The Prime Minister, Shri Narendra Modi has launched the Aatmanirbhar Bharat Innovation Challenge on July 4, 2020 to identify the best Indian Apps that are already being used by citizens and have the potential to become world class Apps in their respective categories...
 
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India – Sri Lanka Virtual B2B Meeting
PHD Chamber of Commerce and Industry, India organized a virtual India-Sri Lanka B2B meeting on July 21, 2020 in association with the Ceylon Chamber of Commerce, Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL), and the Colombo Chamber of Commerce.In his remarks...
 
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PM addresses India Global week
Prime Minister, Shri Narendra Modi addressed the inaugural session of India Global week via video-conference on July 9, 2020. The three-day virtual conference held from July 9 - July 11, had the theme 'Be The Revival: India and a Better New World'.Referring to the current crisis, Prime Minister said India would play a leading role in the global revival. He said that this is closely linked with two factors...
 
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Collaboration in Agriculture and Animal Husbandry
India and Sri Lanka are working together to strengthen collaboration in the areas of agriculture and Animal Husbandry. In this regard, Dr. Sushil Kumar, First Secretary (Technical Cooperation) recently visited National Livestock Development Board (NLDB) Cattle Farm in Polonnaruwa and National Institute of Post Harvest Management (NIPHM), Anuradhapura to discuss bilateral collaboration for the improvement of livestock...
 
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