UPSC Daily Editorial Analysis | 17 January 2022

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What the article is about?

  • Talks about India-Sri Lanka recent engagements and potential of the relationship.

Syllabus: GS-II India and its neighbourhood relations

India- Srilanka:

  • India and Sri Lanka have a legacy of intellectual, cultural, religious, and linguistic interaction, and the relationship between the two countries is more than 2500 years old.
  • Key Takeaways:
    • Political: High level political exchanges
    • Economic: Civil Nuclear Agreement (2014), India developing SEZ, Private Investments
    • Defence and Military: Mitra Shakti, SLINEX
    • Developmental Assistance: LoCs t help internally displaced people, Infrastructure and logistics support
    • Cultural: Indian Culture Centre in Columbo, Buddhism, Tourism
  • Recent engagements:
    • 4 pronged initiative towards Sri Lanka:
      • Lines of Credit(LoC) towards the import of fuel, food and medicines – $1.5 bn LoC is underway
      • Currency Swap – India extended $400 mn under the SAARC currency swap
      • Debt deferral from India – $500 mn by two months
      • Trinco-oil farms project
  • Areas of Concern:
    • Friction over fishermen’s rights
    • Pending political solution for war torn Tamil areas
    • Columbia’s strategic ties wit China
      • Increased Chinese influence- infra, port developments
    • Issue over Katchatheevu Island

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