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MALDIVES TRADE TRANSACTIONS
India extends Maldives' $50 mn govt bonds repayment deadlineIndia has rolled over USD 50 million in Maldives' government bonds as emergency financial assistance for another year, the Indian High Comm...- "If not for India, we would have gone default": Former Maldives President Nasheed praises India's support ahead of PM Modi's visitFormer Maldives President Mohamed Nasheed appreciates India's help. He says India prevented economic collapse during a financial crisis. Na...
- Banks told to push global trade settlement in RupeeThe government is urging banks to promote settling international trade in Indian rupees, aiming to reduce reliance on the US dollar and low...
- RBI permits settlement of trade transactions with Maldives in local currenciesReserve Bank of India announced that bilateral trade transactions with Maldives can now be settled in Indian Rupees (INR) and Maldivian Ruf...
- Maldives is a 'very concrete' expression of India's neighbourhood first policy: JaishankarExternal Affairs Minister S Jaishankar highlighted the significance of the Maldives in India's neighbourhood first policy and New Delhi's f...
- Centre wants banks to push pedal on special Vostro accounts mechanismThe Indian government asks banks to identify and overcome hurdles in implementing international trade settlements in Indian rupees through ...
- RBI, Maldives Monetary Authority sign pact to promote use of local currenciesThe Reserve Bank of India and the Maldives Monetary Authority have signed an agreement to allow cross-border transactions using the Indian ...
- Like UAE, PM Modi encourages BRICS nations to adopt UPIPM Modi has invited BRICS nations to introduce India's Unified Payments Interface (UPI) to their markets, seeking financial integration. In...
- President Muizzu introduces UPI payment service to boost Maldivian economyMaldives President Mohamed Muizzu has taken steps to introduce India's UPI for enhancing the country's financial ecosystem, involving entit...
- Maldives: President Muizzu decides to introduce UPI in MaldivesThe Maldives will introduce India's Unified Payment Interface (UPI) to boost its digital and financial infrastructure. President Mohamed Mu...
- PM Modi, Maldives President Muizzu seek to strengthen bilateral ties with $400 million supportPrime Minister Narendra Modi and Maldives President Mohamed Muizzu aim to enhance bilateral ties, with India providing significant financia...
- Rupay card in Maldives, Hanimaadhu Airport and more: Here are key decisions from PM Modi-Muizzu talksPrime Minister Narendra Modi and Maldives President Mohamed Muizzu met to discuss rebuilding bilateral ties after tensions between the two ...
- 'Hospitality seen getting 29% more investments at $436 million this year'The Indian hospitality sector was set to attract $436 million in investments by year-end, a 29% increase from last year. JLL's forecast sug...
- India to introduce UPI payment service in MaldivesIndia and Maldives have signed an agreement to introduce the Unified Payments Interface in the Maldives. External Affairs Minister S Jaisha...
- Maldives to launch India's RuPay service amid bilateral tensionsDespite recent turbulence in bilateral relations, the Maldives is set to launch India's RuPay service, a move expected to strengthen the Ma...
- India, China have agreed to cooperate in paying in local currency for imports: MaldivesMaldives' Economic Development Minister Mohamed Saeed said he met with the Indian High Commissioner Munu Mahawar two weeks ago, who in turn...
- Maldives in discussion with India to pay in local currency for imports: MinisterMaldives explores paying imports in Maldivian Rufiyaa with India, China. Saeed aims for non-dollar payments, stronger Rufiyaa, bilateral tr...
- Maldives' top court revokes own order to free prisoners; Nasheed seeks Indian military interventionIn a late night development, the remaining three judges of the Supreme Court amended an order to release nine high- profile political priso...
- Dr Reddy's Lab completes acquisition of UCB's select brandsThe company had entered into an agreement with UCB which also entails absorbing 350 employees engaged in the operations of India business.
- Govt allows export of wheat flour to MaldivesIndia made an exception to the ban on wheat and wheat flour exports and allowed sale of 17,000 tons of wheat flour to Maldives.
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