Srilanka Crisis / India again helped the troubled Sri Lanka

Srilanka Crisis: Sri Lanka, which is facing economic crisis, has once again been given big help from India. This time India has provided more than 44,000 tonnes of urea under loan facility to Sri Lanka, which is facing severe economic crisis. The Indian High Commission said that this help has been given as part of ongoing efforts to enhance bilateral cooperation for support to Sri Lankan farmers and food security.

Informed about urea after meeting Agriculture Minister

Indian High Commissioner to Sri Lanka Gopal Baglay met Agriculture Minister Mahinda Amaraweera and informed him about the arrival of more than 44,000 tonnes of urea. In a tweet, the Indian High Commission said in a tweet, "High Commissioner met Sri Lanka's Agriculture Minister and informed him about over 44,000 tonnes of Urea supplied by India under the Line of Credit to Sri Lanka."

RBI made this big announcement

The High Commissioner stressed that the assistance from India is a sign of continued commitment to support the people, including the farmers of Sri Lanka, and to promote efforts for the food security of the country's citizens. Earlier, extending a helping hand from India's side, the Reserve Bank of India (RBI) said that all legitimate trade deals with Sri Lanka can be settled in any accepted currency outside the Asian Clearing Union (ACU) regime.

Instructions will come into force with immediate effect

RBI said that 'it has been decided that all eligible current account transactions, including Sri Lankan trade transactions, can be done in currency accepted outside the ACU regime until further notice.' The Reserve Bank has said this in a circular issued to India-Sri Lanka business banks. This instruction has come into force with immediate effect. Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan and Sri Lanka are currently members of the ACU.