India has decided to extend a Line of Credit (LOC) of $55 million to Sri Lanka for the procurement of urea. An LOC agreement was signed between Government of Sri Lanka (GOSL) and the Export-Import Bank of India at Colombo. This LOC will help the GOSL secure urea fertiliser for the ongoing paddy sowing Yala season. A line of credit (LOC) is a preset borrowing limit that can be tapped into at any time. The borrower can take money out as needed until the limit is reached, and as money is repaid, it can be borrowed again in the case of an open line of credit. Exim Bank is a specialized financial institution wholly owned by the Government of India with presence in Indian and foreign cities around the world. It was set up in 1982, for the purpose of financing, facilitating and promoting India’s international trade.
Who initiated the establishment of the high-powered Task Force on Supportive Policy and Regulatory Framework for Microfinance in November 1998?
What is the name of the portal launched to combat fraud calls and cybercrime in India?
Agricultural Acceleration fund to provide the financial support is entrepreneurs in the field of agriculture & allied sector was set up in which FY Budget?
Who among the following is one of the winners of the 2019 United Nations Military Gender Advocate Award?
Which of the following is the outer layer of the Earth that is made of plates which fit together like a jigsaw puzzle?
Who has been appointed CEO of Twitter recently?
Which of the following statements is/are correct?
I. Only marketed goods are considered while estimating Gross Domestic Product (GDP).
What is the primary objective of the Assam Tourism Development and Registration Bill 2024, recently approved by the Assam cabinet?
Iron age is so named because during this time iron mostly replaced _________ in implements and weapons, beginning in the Middle East and South-eastern E...
Shambhu Maharaj was a renowned personality associated with which of the following dance forms?
