Basil’s India visit postponed, currency swap also delay

Sri Lankan finance Minister Basil Rajapaksa’s visit to India has been postponed without any reason.

The signing of loan agreement will be further delayed as result of the postponement of Basil’s tour of New Delhi not because of the inaction of Indian diplomatic authorities to facilitate the visit.

Meanwhile, India seems to have been tightening it’s strangle hold on Sri Lanka by delaying the release of US $1 billion currency swap to meet its debt repayment obligations this year and tide over the current economic crisis, reliable official sources claimed.

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