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INSTANT VIEW 4-India holds interest rates steady at record lows as economic outlook improves

India s central bank kept rates steady at record low levels as expected on Friday and said it would maintain support for the economy s recovery from the pandemic by ensuring ample liquidity for. | February 11, 2021 ....

Sakshi Gupta , Shaktikanta Das , Dbs Bank , Corrects Sakshi Gupta , India Governor Shaktikanta Das , Standing Deposit Facility , Sensex 30 Stock Exchange , Press Release , Liquidity Xc0009698199 , சாக்ஷி குப்தா , டிப்ஸ வங்கி , நின்று வைப்பு வசதி , ப்ரெஸ் வெளியீடு , சர்வதேச பரவல் ,

SWAP settlement to India and ECT withdrawal not connected - ECT withdrawal not formerly communicated

Friday, 05 February 2021 - 13:17
The Central Bank has confirmed that it has fully settled the USD 400 million loan obtained under the Swap facility from India.
There is no truth to the story that India has called for a settlement of the US $ 400 million currency swap after the Sri Lankan government decision reneging on the 2019 agreement with India on the development of the East Coast Terminal (ECT) of the Colombo Port.
The Central Bank of Sri Lanka (CBSL) and the Reserve Bank of India (RBI) entered into a currency swap agreement on 24th July 2020 under the Framework on Currency Swap Arrangement for South Asian Association for Regional Cooperation (SAARC) countries for 2019 - 2022. ....

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Welcome To IANS Live - NATION - Pick of the week (Jan 31)

Thus ....

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Hong Kong asks dual nationals: Choose the nationality you wish to maintain

OTTAWA: Canadian authorities are concerned about the rights of 300,000 Canadian citizens in Hong Kong, after the territory’s government declared that dual citizens must choose the nationality. ....

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DNeX units sign deal to maintain submarine cables in Indonesia

(DNeX) consortium has inked an agreement with PT Infrastruktur Telekomunikasi Indonesia (TelkomInfra) to maintain submarine cables in Indonesia.
In a statement, DNeX said its business units that signed the agreement with TelkomInfra are PT DNeX Telco Indonesia (PT DTI) and PT Samudera Mbiantu Sesami (PT SMS).
“The agreement inked is to form a consortium for the deployment, management, maintenance and repair as well as other value-added works for the Maintenance Support Sistem Komunikasi Kabel Laut within and outside the territory of Indonesia, ” it said.
DNex noted that TelkomInfra, which would be appointed as the consortium leader, would be responsible for logistics arrangements, securing various projects permits and overseeing project management. ....

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