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India extended 1-billion dollar Line of Credit to Mongolia

India extended 1-billion dollar Line of Credit to Mongolia
29 April 2016 Current Affairs: India on 28 April 2016 extended a Line of Credit (LoC) of 1 billion US dollars to Mongolia. The LoC was extended after delegation-level bilateral talks between the Minister of State for External Affairs VK Singh and Mongolian Foreign Minister Lundeg Purevsuren in New Delhi.Besides, the two countries also agreed to exchange sentenced persons.

Lundeg Purevsuren was on a three-day state visit to India from 27 April to 29 April 2016. This visit was a part of the intensified bilateral exchanges following the upgrade of bilateral relations during Modi's visit.

The extended LoC is the part of announcement made by the Prime Minister Narendra Modi during his visit to Mongolia in May 2015. He announced the LoC for economic expansion and infrastructure development. During that visit, the two nations also signed 13 agreements.

This was the first prime ministerial visit from India to Mongolia.Earlier on 28 April 2016, Purevsuren conferred Mongolia's highest civilian award, the Order of North Star, on Lokesh Chandra, President of the Indian Council for Cultural Relations (ICCR), and Mansura Haider, former academic adviser of the Indira Gandhi National Centre for the Arts (IGNCA).India and Mongolia are marking 60 years of diplomatic relations in 2016 with a series of events.


December 2016 Current affairs
8 DEC
NEWS
7 DEC
NEWS
6 DEC
NEWS
5 DEC
NEWS
3 DEC
NEWS
2 DEC
NEWS

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
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24 NOV
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October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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