Brothers in arms
Last week, Finance Minister Arun Jaitley was in Dhaka, on a three-day visit to sign a $4.5 billion letter of credit to Bangladesh. The decision in this regard was announced last April during Bangladesh Prime Minister Sheikh Hasina's Delhi visit. India's aid package to Bangladesh has increased steadily. This is the third LoC India has signed with Bangladesh. The first one was for $862 million, while the second one was for $2 billion. The latest deal is more than double the size of the second. Indian assistance has been primarily for the development of Bangladesh's infrastructure sector.