December 2016 Current Affairs
9 DEC
NEWS
8 DEC
NEWS
7 DEC
NEWS
6 DEC
NEWS
5 DEC
NEWS
3 DEC
NEWS

November 2016 Current Affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS

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

India extends biggest ever LOC worth USD 2 billion to Bangladesh

India extends biggest ever LOC worth USD 2 billion to Bangladesh
10 March 2016 Current Affairs: March 10,2016: India signed a landmark agreement with Bangladesh extending USD 2 billion to the country in its biggest ever overseas credit line, five years after it inked a credit agreement worth USD 1 billion with its neighbour. The USD 2 billion LOC (line of credit) is the biggest credit line India has so far extended to any country.The signing of the agreement is the manifestation of the friendship," Prime Minister Sheikh Hasina's principal secretary Abul Kalam Azad said at the signing ceremony. The signing ceremony Mesbahuddin said that 14 projects so far were planned to be implemented with the second Indian LOC covering power, railways, roads, transportation, information and communication technology, shipping, health and technical education sectors. A special focus on social sector cooperation pertaining to health and technical education aiming to further integrate economies of both countries and strengthen mutual cooperation. All the 15 projects under the First LOC have received financial concurrence of EXIM Bank of India. wo countries developed a functional joint mechanism in overseeing the implementation of the projects under the 2010 LOC and expected the arrangement to work for the second LOC.The Indian credit line bears an interest rate of 1 per cent to be re-payed in 20 years with a five-year grace period.Bangladesh's ERD in a statement said the "soft loan" committed under the second Indian LOC "will play a significant role in the socio-economic development of Bangladesh, which will be congenial for fostering the ongoing development partnership between the two countries". The first "Dollar Credit Line Agreement" for USD 1 billion was signed between the two countries in 2010 for developing infrastructure projects, mostly in the communications sector.


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

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




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



FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2016 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.