IOCL Exports Premium Fuel XP100 to Sri Lanka Indian Oil Corporation Limited (IOCL) has recently initiated the export of its premium-grade fuel, XP100, to Sri Lanka. This marks a significant milestone in India’s energy sector, reflecting both technological advancement and international collaboration. XP100, a high-octane fuel, is known for its superior quality and performance, catering…
Sri Sri Ravi Shankar Receives First Stamp Commemorating 200 Years of Indian-Origin Tamils in Sri Lanka Renowned spiritual leader Sri Sri Ravi Shankar has been honored with the first stamp commemorating the 200 years of Indian-origin Tamils’ presence in Sri Lanka. This significant recognition not only celebrates the cultural and historical ties between India and…
PhonePe Launches UPI in Sri Lanka in Partnership with LankaPay Introduction: In a significant move towards expanding its digital payment services beyond borders, PhonePe, India’s leading digital payments platform, has launched its Unified Payments Interface (UPI) services in Sri Lanka. This strategic initiative comes in collaboration with LankaPay, the national payment network of Sri Lanka,…
IMF Approves $337 Million Second Tranche Loan for Sri Lanka The International Monetary Fund (IMF) has given the green light for a second tranche loan of $337 million to Sri Lanka, marking a significant milestone in the country’s economic stabilization efforts. This move comes as part of the IMF’s Extended Fund Facility (EFF) arrangement, aimed…
Sri Lanka to Take Over as Chair of Indian Ocean Rim Association The Indian Ocean Rim Association (IORA) is set to witness a significant change in its leadership as Sri Lanka prepares to take over as its new chair. This development holds immense importance, not only for Sri Lanka but for all member countries in…
Concerns Raised Over Chinese Research Vessel’s Visit to Sri Lanka China’s maritime presence in South Asia has drawn significant attention as concerns mount over its recent research vessel visit to Sri Lanka. In a region of strategic importance, this move has captured the interest of students preparing for government exams, especially those targeting positions in…
India-Sri Lanka Tourism: India Leads as Top Source Market for April 2023 India has emerged as the top source market for Sri Lanka’s tourism for the month of April 2023. According to the Sri Lanka Tourism Development Authority, India contributed the highest number of tourist arrivals to the country, with a total of 35,214 visitors….
Seylan Bank Nostro account : Seylan Bank of Sri Lanka opens INR denominated Nostro account in Indian Bank in Mumbai Seylan Bank, one of Sri Lanka’s prominent commercial banks, has opened an INR-denominated Nostro account in Indian Bank in Mumbai, India. This move is expected to strengthen bilateral trade relations and increase banking services between…
Adani Green Energy : Sri Lanka assents to Adani Green’s $442 million wind power project Adani Green Energy Limited has received approval from the government of Sri Lanka to set up a $442 million wind power project. This project will be the largest foreign direct investment in Sri Lanka’s renewable energy sector. The project is…
