Lankapage Logo CP 22 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lankan Finance Minister Basil Rajapaksa to visit India
Tue, Nov 23, 2021, 01:25 am SL Time, ColomboPage News Desk, Sri Lanka.

Nov 23, Colombo: Sri Lankan Finance Minister Basil Rajapaksa will visit India to hold talks with Prime Minister Narendra Modi, Foreign Minister Prof. GL Peiris said on Monday.

Finance Minister will visit India in the next few days, Prof. Peiris said at a media briefing held at the SLPP headquarters on Monday. He said the schedule is being worked out jointly with the Indian High Commission here.

Finance Minister Rajapaksa’s visit assumes significance in the backdrop of negotiations sought by Colombo for an Indian credit line to pay for the island’s fuel purchases, Indian media said.

Media reports said the Sri Lankan government has decided to obtain an emergency loan of $ 500 million from India to import fuel which is in serious crisis.

Last week, Sri Lanka temporarily shut down its only oil refinery for 50 days following the non-availability of crude oil supplies due to the ongoing severe foreign exchange crisis in the country.

Foreign Minister Peiris, however, said that Rajapaksa would not ask for Indian loans but to enhance Indian investment. “We have strong relations with India, not just focused on one area,” he was quoted as saying. He added that Basil Rajapaksa would call on Indian Prime Minister.

 

Sri Lankan Finance Minister Basil Rajapaksa to visit India
ColomboPage - Recent 10 Stories ::
Internet use in Sri Lanka has grown due to pandemic, but slower than peers, survey shows
-- [12 minutes ago]
Petition filed seeking an inquiry into gas cylinder explosion accidents
-- [27 minutes ago]
Coronavirus update: 757 new COVID-19 cases identified Wednesday, total rises to 569,928
-- [46 minutes ago]
Sri Lankan leaders express condolences over the sudden demise of Indian military chief
-- [1 hour and 24 minutes ago]
Chinese ship carrying organic fertilizer leaving Sri Lanka, court told
-- [1 hour and 52 minutes ago]
Chinese firm files lawsuit against Sri Lanka over the rejected $49.7m fertilizer deal
-- [2 hours ago]
Sri Lanka President committed to work with BIMSTEC members to ensure regional cooperation efforts
-- [2 hours ago]
Sri Lanka reports 28 Covid-19 deaths on Wednesday, toll rises to 14,533
-- [3 hours ago]
South Korea grants Sri Lanka US$ 4 million to strengthen forensic drug analysis capabilities
-- [3 hours ago]
Navy seizes over 23 kg of Kerala cannabis in Point Pedro

Copyright © 2000, 2020 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.