India and Maldives have signed an settlement to introduce the Unified Funds Interface within the archipelago nation, which could have a “very optimistic” impression on its tourism sector, Exterior Affairs Minister S Jaishankar has stated. The Memorandum of Understanding was signed on Friday throughout Jaishankar’s three-day official go to to the Maldives. Additionally learn: UPI … Read more
The Reserve Financial institution of India, with the Authorities of India’s concurrence, has determined to place in place a revised framework on foreign money swap association for SAARC (South Asian Affiliation for Regional Cooperation) nations for the interval 2024 to 2027. Underneath the framework for 2024-27, a separate INR (Indian Rupee) swap window has been … Read more
The Maldives on Wednesday mentioned each India and China have agreed to cooperate in efforts to pay for imports of their respective international locations’ forex as an alternative of the US greenback, which is probably going to assist Male save nearly 50 per cent of the annual $1.5 million imports invoice from the 2 international … Read more
India on Friday allowed the export of important objects equivalent to eggs, potatoes, onions, rice, wheat flour (atta and maida), sugar, dal (processed pulses), stone combination and river sand to Maldives, prescribing a quantitative restrict for every merchandise through the 2024-25 fiscal below the bilateral commerce settlement between each the international locations. Presently, India has … Read more
The Maldives-India row escalated on Monday with excessive degree diplomatic conferences happening within the two international locations on the difficulty, whereas some home journey business gamers rushed to droop bookings to the favoured vacationer vacation spot. Indian commerce our bodies stepped in, calling for boycott of enterprise dealings with Maldivian entities whereas in style … Read more