Maldives Financial News

External affairs minister S Jaishankar will pay a three-day visit to Maldives starting Friday as both countries look to repair the strained relationship since President Mohamed Muizzu came to power last year. This would be Jaishankar's first visit to Male since Muizzu was elected to office. During the visit, India and Maldives will inaugurate completed projects under High Impact Community Development Projects and Line of Credit facility of EXIM Bank of India and witness the exchange of the memorandum of understanding on areas for capacity building, commerce and trade, said Maldives foreign ministry on Thursday announcing the visit. «Maldives is India's key maritime neighbour and an important partner in India's 'Neighbourhood First' Policy and our Vision 'Sagar' i.e. Security and Growth for All in the Region. The visit is aimed at strengthening the close partnership between the two countries and to explore avenues to enhance the bilateral relationship further,» the MEA said in a statement.

Mint explores the potential impact of regional instability on not just India’s trade but also internal security. Let’s begin with the political crisis and civil unrest in Bangladesh, with which India shares a 4,096 km border, its longest with any of its neighbours. Although Bangladesh has announced an interim government headed by Nobel Laureate Muhammad Yunus, the riots haven’t abated.

India for its support of the island nation in easing its debt repayment and affirmed hope that New Delhi and Male would forge stronger ties and sign a free trade agreement.

Ramita Jindal managed to qualify in the singles 10 m air rifle event on Sunday, whereas Elavenil Valarivan narrowly missed her spot.

PV Sindhu began her quest in the Paris Olympics 2024 with a buoyant start as she defeated her Maldivian opponent Fathimath Nabaaha on Sunday in the first two rounds itself.

Human Rights Committee on Thursday voiced concern about alleged discrimination and violence against minority groups in India as well as over application of counter-terrorism legislation for decades in some districts of the country.

worldwide are experiencing a 'recovery' phase following a major outage. The disruption has impacted a range of institutions, including airports, businesses, media broadcasting, the stock market, government offices, and hospitality.1. Microsoft Chairman and CEO Satya Nadella on Friday took to X and wrote, “We are aware of this issue and are working closely with CrowdStrike and across the industry to provide customers technical guidance and support to safely bring their systems back online."2.

Fathimath Shamnaz Ali Saleem was arrested along with her sister and another person last month in the capital Male and stood down from her post shortly afterwards. Local media reported she was accused of performing «black magic» on President Mohamed Muizzu to win favour from his new administration.

Mint examines this question and more. The Shanghai Cooperation Organisation (SCO) was formed in 2001. It evolved from an earlier avatar known as the Shanghai Five, comprising Russia, Kazakhstan, Kyrgyzstan, Tajikistan and China.

PV Sindhu and HS Prannoy were on Friday handed easy groups for the Paris Games beginning on July 26. Sindhu, who won the silver medal at the Rio Games and followed that with a bronze in Tokyo Olympics, has been seeded 10th. The World number 13 has been drawn in Group M of the women's singles alongside Kristin Kuuba of Estonia (WR 75) and Maldives' Fathimath Nabaaha Abdul Razzaq. (WR 111). While Sindhu, who is vying for a third Olympic medal, has a relatively easy group, she could face China's sixth seed He Bing Jiao in the round of 16.

Fathimath Shamnaz Ali Saleem was fired from her job after being detained on suspicion of practicing witchcraft on Maldives President Mohamed Muizzu alongside her two brothers. State minister Shamnaz of the Ministry of Environment was detained on June 23 along with two other suspects and placed under a seven-day remand. The Environment Ministry of the Maldives removed her from her position on Wednesday.

China on Wednesday spoke of President Mohamed Muizzu's recent visit to New Delhi and the importance of India to his country's tourism-dependent economy. The comments by Minister of Economic Development and Trade Mohamed Saeed came as Male seems to have re-oriented ties with New Delhi following President Muizzu, known for his pro-China leanings, attending Prime Minister Narendra Modi's swearing-in ceremony earlier this month. «President Muizzu reiterated that India remains our closest neighbour,» Saeed, who is attending the 15th World Economic Forum (WEF) at Dalian, told CNBC International TV in an interview.

Maldives Parliamentary Committee has passed a resolution to investigate the previous government's four agreements with India while Maldives President Mohamed Muizzu was here to attend the swearing in ceremony of Modi 3.0.

President Droupadi Murmu on Monday met top leaders from Nepal, Maldives, Mauritius, and Seychelles and discussed different development-related matters of mutual interest. During her meeting with Nepalese Prime Minister Pushpa Kamal Dahal 'Prachanda', she said Nepal is a priority partner under India's 'Neighbourhood First' policy and conveyed the country's commitment to «further strengthen our unique ties».

Narendra Modi will take the oath as prime minister of India today at 7:15 p.m. at Rashtrapati Bhawan, New Delhi.

Sri Lanka, Maldives, Mauritius and the Seychelles to the June 9 swearing in of the next Narendra Modi government reflects the focus on the western and southern Indian Ocean (IOR), where India has been security provider and first responder during crises for decades.

oath of office and secrecy to Narendra Modi and the Union Council of Ministers on June 9 at Rashtrapati Bhavan. Modi is set to begin his third consecutive term as Prime Minister, a historic moment in Indian politics. The ceremony, attended by thousands of dignitaries, will feature extensive security measures to ensure safety.

Maldives President Mohamed Muizzu has received an invitation to join the swearing-in ceremony of Prime Minister Narendra Modi for his third successive term, according to media reports.

Wion and News 18, reported that Muizzu has been invited to attend caretaker PM Modi's oath ceremony likely to held on June 9.However, there has been no official confirmation, either from the Indian or the Maldivian side, as of now.If the news hold true, this will would be Mohamed Muizzu's first visit to India after becoming Maldives President last year. The development would be crucial in the backdrop of the India-Maldives diplomatic row since January.ALSO READ: Indian military exits from Maldives at President Mohamed Muizzu's requestNarendra Modi is set to form the government in India for the third consecutive term after the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) won over 290 seats in the Lok Sabha Elections 2024.

Also Read | Lok Sabha Election Results 2024: 5 factors that didn't work for PM Modi and BJPHowever, it struggled in Andhra Pradesh, West Bengal and Punjab and failed to win any seats in Sikkim, Tripura, and Dadra & Nagar Haveli in 1984.In 1989, the Congress lost power with 197 seats, and a Janata Dal coalition formed the government.Also Read | Lok Sabha Election 2024 Results Int'l Reactions LIVE: US, Maldives Prez Muizzu, Italy PM Meloni congratulate ModiEven during its dominant early years of post-independence, Congress' highest seat tally was 371 in 1957. The party won over 300 seats in 1951-52, 1957, 1962, and 1971 but dropped to 154 seats post-emergency in 1977.

Maldives gained traction in India, with many people canceling their vacation plans to the island nation after Maldivian ministers made derogatory remarks about Prime Minister Narendra Modi. Several tourism-related businesses in India supported the boycott and ceased their services in the Maldives.