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USD 1 bn Indian credit facility extended till March next year

The Indian High Commission yesterday (30) said that following a request from Sri Lanka, the State Bank of India (SBI) had extended the tenure of the USD 1 billion Credit Facility, provided in March 2022, for the procurement of essential items.
In this context, an Amendment Agreement was signed yesterday, in the presence of the State Minister of Finance, Shehan Semasinghe, senior officials from the Ministry of Finance of Sri Lanka and officials from the High Commission of India, Colombo. Officials from the State Bank of India joined the event from India, virtually, a senior HC official said.
The official said: With the signing of the Amendment Agreement, the Credit Facility will be available for use for a period of one more year, till March 2024. It may be recalled that since last year, the Facility has been used for urgent procurement of fuel, medicines, food items and industrial raw materials, as per the requirements and priorities of GOSL.
India extended multi-pronged assistance of about USD 4 billion to GOSL last year, through multiple Credit lines and currency support, in line with India’s ‘Neighbourhood First’ Policy. India’s continued support to Sri Lanka is a testament to our abiding commitment to stand with the Government and the people of Sri Lanka towards early economic stabilization and recovery.`
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Sun directly overhead Hatthikuchchi, Kalankuttiya, Halmillewa, Ipalogama, Palugaswewa and Habarana at about 12:11 noon. today [10]

On the apparent northward relative motion of the sun, it is going to be directly over the latitudes of Sri Lanka during 05th to 14th of April in this year.
The nearest areas of Sri Lanka over which the sun is overhead today (10th) are Hatthikuchchi, Kalankuttiya, Halmillewa, Ipalogama, Palugaswewa and Habarana at about 12:11 noon.
News
LG elections to be staggered

Signs are clear that the local government (LG) elections, originally scheduled for 06 May, will have to be held on a staggered basis, as nomination lists in respect of about 200 out of 339 LG institutions have been challenged before the Court of Appeal, according to sources.
Those who have filed cases in the Court of Appeal seek writs against holding the elections. The final date for filing cases is 21 April.
By yesterday only 113, out of 339 local government bodies, had been cleared for the 06 May elections, with no rejections of nomination lists, or objections, sources said. The nomination lists for 226 local government bodies have been rejected, and candidates on these rejected lists are entitled to file cases against the Election Commission (EC) until 21 April.
The Court of Appeal (CA) has ordered that some of the lists rejected by the Election Commission be accepted. However, the EC is planning to challenge all CA orders before the Supreme Court.
When contacted for comment, Director General of the Election Commission, Saman Sri Ratnayake, told The Island that all arrangements had been made to hold the elections on 06 May, in accordance with the provisions of the Local Authorities Elections (Amendment) Act No. 16 of 2017.
“We will hold elections to the local government bodies for which there are no legal barriers, and this will depend on the final decision of the courts,” Ratnayake said, adding that elections to other local government bodies would be held on later dates.
By Saman Indrajith
News
Sri Lanka and Australia reaffirm commitment to deepening defence ties

Sri Lanka and Australia have reaffirmed their commitment to deepening defence ties and exploring new avenues for cooperation in areas such as maritime domain awareness (MDA), training exchanges and capacity-building initiatives.
A number of key matters of mutual interest, particularly in the area of defence and security cooperation were deliberated when the Australian High Commissioner to Sri Lanka, Paul Stephens, paid a courtesy call on the Deputy Minister of Defence, Major General (retd.) Aruna Jayasekara at his office in Colombo on Tuesday (April 8).
The meeting was held in a cordial and constructive atmosphere, reflecting the longstanding friendship and cooperation between Australia and Sri Lanka, the Ministry of Defence said in a statement.
The Deputy Minister has expressed his appreciation for Australia’s continued support in strengthening Sri Lanka’s maritime security and defence capabilities.
Highlighting a recent example of this collaboration, Major General Jayasekara acknowledged the significant contribution made by the Australian government through the donation of a state-of-the-art Shallow Water Multi-Beam Echo Sounder to the Sri Lanka Navy Hydrographic Service (SLNHS). He noted that this advanced equipment has brought a transformative enhancement to Sri Lanka’s capacity for surveying harbours, coastal areas and strategic waterways, thereby contributing to both national security and regional maritime stability, the statement added.
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