India and Sri Lanka sign two MoU for construction of 1200 houses

India and Sri Lanka has signed two MoU for construction of 1200 houses through 50 model villages, using Indian grant assistance of 60 crore Srilankan rupees.  The MoUs were signed by Mr. Taranjit Singh Sandhu, High Commissioner of India to Sri Lanka, and Mr. Bernard Vasantha, Secretary to the Ministry of Housing and Construction, in the presence of Sajith Premadasa, Minister of Housing and Construction.

With this, India’s collaboration with Srilankan government under Model Villages Housing Program stands at 2400 houses in 100 model villages. As per the new MoUs, 600 houses each will be constructed in the Southern and Northern Provinces.
Static/Current Takeaways From Above News For IBPS PO/Clerk Mains Exam 2018:
  • Capitals of Sri Lanka: Colombo, Sri Jayawardenepura Kotte
  • Currency of Sri Lanka: Sri Lankan rupee
  • President of Sri Lanka: Maithripala Sirisena
Source- DD News