PayPal has signed a Memorandum of Understanding (MoU) with the Indian Institute of Foreign Trade (IIFT) to launch the India Digital Trade Facilitation Forum (IDTFF) for micro, small and medium enterprises (MSMEs).
The Government of Sri Lanka has sought a USD 500 million credit line from India to pay for its crude oil purchases, as the country is facing a severe foreign exchange crisis in the island nation after the pandemic hit the nation's earnings from tourism and remittances.