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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 was the leader of the Munda Rebellion between 1875-1900?
Where was the Badminton Asia Team Championship 2024 held in February 2024 where the Indian women’s team won gold?
What is the Malayalam New Year called in Kerala?
Consider the following statements regarding Kuchipudi.
1. Kuchipudi is one of the classical styles of Indian dance.
2. Kuchipudi is a name...
Which of the following is a weakest acid?
In January 2022, S Somanath has been appointed as the tenth chairman of ________
Which of the following is used to coat aircraft surfaces and metal cans to prevent rusting?
Which period is referred to as the ‘period of stationary phase’ of growth of India’s population?
Match the following
Nagpur Plan classifies roads in India into how many categories?
