The loan, announced during Prime Minister Sheikh Hasina's visit to India in April, is the biggest Line of Credit (LoC) provided by India to any country.A line of credit was a flexible form of a loan that allows a borrower to access funds anytime as long as it is within the limit.
The agreement was signed in the presence of Finance Minister Arun Jaitley and his Bangladeshi counterpart A M A Muhith after the two leaders held talks here.
Faced with an onslaught from the Myanmar army, scores of Rohingya people have recently fled the Rakhine state of that country and taken refuge in Bangladesh.
The crisis has drawn global condemnation, with UN officials demanding Myanmar halt what they described as a campaign of ethnic cleansing that has driven nearly 400,000 Rohingya to flee Rakhine state.
Since August 25, the number of Rohingya refugees who have crossed the border from Myanmar into Bangladesh has now reached 389,000, Stephane Dujarric, spokesman to the UN Secretary General told reporters at the UN headquarters in New York.
The United Nations and the Bangladesh government have said the number arriving has slowed down in recent days although the situation is still volatile.
The latest figures means more than a quarter of a million Rohingya Muslims have fled Myanmar since fighting first broke out last October, plunging neighbouring Bangladesh into the middle of a major humanitarian catastrophe.
"So far, the bodies of five male and female children have been found at different locations," Border Guard Bangladesh officer Alyosius Sangma told AFP.
Even Sachin Tendulkar is impressed.
Overnight batsman David Warner struck a belligerent 112 and added 130 runs with skipper Steve Smith but their efforts were in vain as the hosts took a 1-0 lead in the two-match series.
Aslam Hossain Rashed alias Rash, was reportedly a coordinator and one of the key planners of Holey Artisan Bakery attack in the upmarket Gulshan area in which 22 people, including an Indian woman, were killed.
Unabated climate change could severely affect the future growth of these countries, reverse current development gains, and degrade quality of life,reports claim
Following the rising demand for Multix since its launch in June 2015, the company is increasing its footprint into the metros and to all states by adding more dealers.
A decade ago, it would have been a cakewalk for any team to get past Bangladesh. But this time, India will have to be cautious when they take on their South Asian neighbours on Thursday.
He said given the geographical and cultural similarity between Bangladesh and West Bengal, the Center is hopeful that the rail connectivity would strengthen the relation more
The fishermen were rescued by the Navy's Marine Commandos on board its ship INS Sumitra which was sent to the cyclone- battered country as part of India's assistance in relief and rescue operations.
As many as 300,000 people had been taken to shelters in more than ten districts most vulnerable to the cyclone.
"Bharat Heavy Electricals Ltd (BHEL)'s largest ever export order, valued at Rs 10,000 crore, for setting up 1,320 MW (2x660 MW) Maitree Super Thermal Power Project in Bangladesh has taken off, following the issuance of the 'Notice To Proceed' by the developer," the company said in a BSE filing.
"ABB India has won an order worth around Rs 178 crore, from PGCB to support the country's power infrastructure expansion and meet its growing electricity needs," the company said in a statement issued here.
While a 131-km pipeline will be laid from from Siliguri in West Bengal to Parbatipur in northern Bangladesh to transport diesel, a line from Dattapulia in West Bengal will take natural gas to Khulna, the third-largest city of Bangladesh.
The non-binding Framework of Understanding (FoU) on Cooperation in Hydrocarbon Sector will be valid for five years, an official statement said here.
Hasina returned to Bangladesh on Monday after a four-day state visit to India, leading a 280 member business delegation including 40 senior government officials and ministers.
Among the MoUs signed in the presence of visiting Prime Minister Sheikh Hasina is a facility agreement between Bangladesh India Friendship Power Company (BIFPCL) and Exim Bank of India for debt financing for construction of 1,320 mw Maitree Power Project in Rampal in Bangladesh (USD 1.6 bn).
Hasina, on a four-day visit to India, called upon Indian industry houses to invest in Bangladesh, especially in infrastructure projects, power and energy, transport, manufacturing, food and agricultural processing sectors.
On Saturday, on the Teesta water issue, Modi said the pact is important for Indo-Bangla relationship and expressed hope that the West Bengal chief minister will eventually support it.