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CREDIT STRESS MALDIVES
India extends financial support to Maldives under SAARCIndia has approved a significant ₹3,000-crore currency swap for the Maldives. This move aims to bolster the island nation's economy under t...- As Male faces stress, India weighs currency swap extensionIndia is reviewing the Maldives' plea for an extended currency swap facility. The island nation faces significant economic strain, compound...
- Maldives’ tourism-driven economy stares at crisis amid West Asia warThe Maldives economy faces a crisis due to West Asia disruptions. Tourist arrivals are down, impacting revenue. Significant debt repayments...
- "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...
- Buy now pay later, credit card spending reducing savings of youth: RBI Deputy GovernorRBI Deputy Governor warns of decreased savings due to BNPL and credit card usage. These trends challenge monetary policy. Digital financial...
- RBI, Maldives Monetary Authority ink $400 mn Currency Swap Agreement; India to provide Rs 30 bn under INR swap windowThe Reserve Bank of India signed a Currency Swap Agreement with the Maldives Monetary Authority. Maldives will receive up to USD 400 millio...
- Maldives first, but it 'won't hurt India's security for China's sake': President MuizzuIn his first official state visit to India, Maldives President Mohamed Muizzu reaffirmed the island nation's commitment to India’s security...
- India may extend financial support to Maldives facing default during Muizzu visitIndia may provide financial support to the Maldives to help it avoid a potential default on its foreign debt. This assistance could be anno...
- Maldives, India resolved 'misunderstandings' after rough patches in ties: Foreign Minister ZameerMaldives Foreign Minister Moosa Zameer has stated that initial misunderstandings with India have been resolved following the repatriation o...
- Congress manifesto promises removal of 50 pc reservation cap, caste census, legal MSP guaranteeThe Congress has also promised to implement reservation of 10 per cent in jobs and educational institutions for Economically Weaker Section...
- India extends USD 40 million for bolstering sports infrastructure in Maldives: EAM JaishankarExternal Affairs Minister S. Jaishankar on Thursday said India has extended a concessional USD 40 million Line of Credit for developing spo...
- COVID-19 to hit South Asia very hard, likely to wipe out gains made in poverty alleviation:World BankThe latest report 'South Asia Economic Focus' anticipates a sharp economic slump in the region's eight countries, caused by halting economi...
- Corporate chatter: Relatives left once rich but now bankrupt biz family high and dry; H1N1, not coronavirus, got Bengaluru techies worriedA former boss who hung up his CFO boots for personal well-being is now on a deal-making spree for his old firm.
- ED focuses on HDIL’s investments in UK, UAEThe agency is focusing on assets that were procured by HDIL, an accused in the case, since 2008.
- Indian PM, Maldives President conclude slew of pacts to widen Indian Ocean partnership amid Chinese inroadsA coastal surveillance radar system and a composite training centre for the Maldives defence forces were jointly inaugurated by the two lea...
- Pakistan is the lynchpin of China's South Asia strategyChina has been working to a plan – the 2010 diplomatic fracas over stapled visas to Kashmiris raised red flags over China's position on Kas...
- "Small episodes" occur but country will remain united: Mohan BhagwatIn his 55-minute speech, telecast live by Doordarshan for the second consecutive year, he also called for a holistic discussion on populati...
- India, Seychelles sign 4 pacts to boost security cooperation"We also hope that Seychelles will soon be a full partner in the maritime security cooperation between India, Maldives and Sri Lanka," he s...
- India & Seychelles to establish Joint Working Group to expand cooperation on blue economy"Today, President Michel and I have agreed to establish a Joint Working Group to expand our cooperation on the blue economy," Modi said.
- Travel's back in focus this Diwali as economy lights upAfter a year-long lull, Indians are once again ready to dust off their backpacks to take a break at beaches & hill stations.
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