Colombo, ANI Sri Lanka Crisis. The economic and political situation in Sri Lanka is deteriorating everyday. There is a lot of anger among the people due to the inflation spreading in the country. At the same time, in the midst of this devastating economic crisis of Sri Lanka, India has once again extended a hand of support. The central government has decided to supply 65,000 metric tonnes of urea to the island nation. The decision comes after a meeting of Sri Lankan High Commissioner to India Milinda Moragoda and India’s Department of Fertilizers Secretary Rajesh Kumar Chaturvedi, where the issue was discussed.

Agreement under the existing credit line

In the meeting, both Moragoda and Kumar Chaturvedi discussed possible ways and means to ensure that chemical fertilizers from India to Sri Lanka are supplied under the existing credit line, reports the Daily Mirror. In addition, despite the export ban of urea fertilizer from India, the Government of India, at the request of the Government of Sri Lanka, has extended this assistance to the troubled island nation under the existing US$ 1 billion Indian line.

Sri Lanka had banned the import of chemical fertilizers

Earlier, the Sri Lankan government banned the import of chemical fertilizers last year as part of its plan to move to organic agriculture. However, due to the sudden economic crisis coupled with inadequate supply of organic fertilizers, the agricultural production there has suffered a lot, after which this decision has been taken. This was particularly the reason why the Sri Lankan government rescinded the ban on several major crops.

India will help more than 300 crores

In addition, India has promised to provide over 300 crores under the line of credit to Sri Lanka from the beginning of the year. India has also expressed its willingness to work with the new government of Sri Lanka. Meanwhile, amidst political turmoil, Ranil Wickremesinghe was appointed Prime Minister of Sri Lanka for a record sixth term. He has given his assurance to the people of Sri Lanka that he will ensure the supply of petrol, diesel and electricity to the island country.

Currently, Sri Lanka is facing the worst economic crisis since independence. There are violent demonstrations every day due to lack of food and fuel, rising prices and power cuts.

Edited By: Mahen Khanna