On 17 March, the Ministry of External Affairs (MEA) announced that the State Bank of India (SBI) would extend a term loan of $1 billion to Sri Lanka, fully guaranteed by the Indian government. This was part of India’s finances.
- IIT Bombay Sets Up Rs 100 Crore Venture Capital Fund for Startups
- Tata Power Inks MoU with Asian Development Bank for $4.25 Billion
- Innovators Facade Shares Skyrocketed 11% on Securing Orders Worth Rs 110 Crore
- Stocks in Focus: SJVN, Tata Power, Afcons Infrastructure, and Others
- Stocks Under F&O Ban: Adani Enterprises, Aarti Industries, Indraprastha Gas, and Others
Ministry of External Affairs (MEA) Spokesperson Arindam Bagchi was quoted saying by news agency PTI that the loan would be used for importing food, medicines, and other essential items.