India agrees to a USD 1.5bn currency swap; extends visa on arrival from Sinhala Tamil New Year

Mar 13, 2015 (LBO) – India has extended the facility of tourist visa on arrival electronic travel authorization scheme to Sri Lankan citizens from 14th April 2015, addressing a gathering at the presidential secretariat Indian Prime Minister Narendra Modi said.

2015.03.13 modi speech

“India will soon start direct flights between New Delhi and Colombo,” Modi said.

The reserve bank of India and the central bank of Sri Lanka have also agreed to enter into a currency swap agreement of 1.5 billion US dollars.

“This will help keep the Sri Lankan rupee stable.” he added.

Indian PM also reiterated the need to implement the 13th amendment by going beyond that.

“We stand with you in your efforts to build a future that accommodates the aspirations of all sections of the society including Sri Lankan Tamil community for a life of equality, justice, peace and dignity in the united Sri Lanka,”

“We believe that early and full implementation of the 13th amendment and going beyond will contribute to this process.” Modi said.