Sri Lanka’s recovery | The significance of India’s support

GS Paper 2 Syllabus: International Relations   Source: TH Context: Sri Lankan President announced that the country had cleared the last hurdles to be approved for a $2.9 billion bailout from the IMF.   Background: The country has been reeling from the covid crisis, economic mismanagement by the Rajapakse regime, mounting debts → soaring inflation …

Trincomalee oil tank farm: What the deal means for India, Lanka:

GS Paper 2: Topics Covered: India and neighbourhood relations.   Context: Recently, Sri Lanka announced that the Indian Oil Subsidiary Lanka IOC would be given 49% stake in the joint development of the Trincomalee Oil Tank farm, with Ceylon Petroleum Corporation keeping 51%.   Why has this become a historical deal? 35-year-old agreement: If it …

RSTV: THE BIG PICTURE- INDIA – SRI LANKA RELATIONS

 Introduction: Sri Lankan Prime Minister Mahinda Rajapaksa is on a four-day state visit to India. He will hold talks on a number of key areas including trade, defence and maritime security cooperation, his office announced on Thursday. The visit, will be the Rajapaksa senior’s first overseas visit since his brother Gotabaya was elected President …

General Studies – Daily Answer Writing Challenge Day – 112

QUESTIONS: 26/11/2013 (India and its neighbors) “Besides, geo-political considerations, historical and civilizational links, and the ethnic overlap across their borders, have all come together to make India’s North-East the land bridge between the South and South-East Asia through Myanmar.” How far has India made use of these factors in building a strong relationship with Myanmar? …