India approves $318 million loan for Sri Lanka Railways

India has approved a $318 million loan for Sri Lanka Railways to upgrade its communications system and rolling stock in the Tamil-dominated north.

It will also be used to buy six power sets with air-conditioned carriages, 10 engines and 160 carriages, 30 wagons with oil tanks and 20 container carrying wagons. The Cabinet had approved a proposal by Prime Minister Ranil Wickremesinghe to enter into an agreement with Exim Bank of India for the loan. 

So let’s do:
1. India has approved a $318 million loan for which country, recently?

Source – The Hindu

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