CURRENT AFFAIRS

Detailed explanation-1: -The Export-Import (Exim) Bank of India has extended a USD 35.26 million loan for Mumbai based Kalpataru Power Transmission Ltd (KPTL) to execute a power transmission project in Senegal.

Detailed explanation-2: -EXIM BANK, on Behalf of The Government of India, Extends a Short-Term Line Of Credit Of USD 55 Million To The Government Of The Socialist Republic Of Sri Lanka.

Detailed explanation-3: -Line of Credit: Under this scheme, the EXIM bank offers credit to foreign governments and their agencies and overseas financial institutions to finance import of eligible goods from India.

Detailed explanation-4: -MUMBAI : Export-Import Bank of India (Exim Bank) on Thursday said it has, on behalf of the government of India, extended a line of credit of $500 million to the government of the socialist republic of Sri Lanka for financing purchase of petroleum products. The agreement to this effect, was signed by S. R.

Detailed explanation-5: -Exim Bank provides Term Loans to export oriented Indian companies to finance their capital expenditure in order to improve their export capabilities and to enhance their international competitiveness.