Maldives Financial News

Moosa Zameer has said that significant strides have been made in expediting India-assisted projects in the Maldives, as he underscored the government's commitment to prioritising the resumption and completion of these projects. Zameer, who visited India from May 8 to 10 on his very first bilateral official visit, said he and his Indian counterpart S Jaishankar engaged in bilateral discussions on May 9 to address pivotal matters aimed at expediting the projects initiated with India's financial assistance. He said the discussions with Jaishankar focused on the operational dynamics of the committees entrusted with executing these projects, psmnews.mv reported. Speaking at a press conference held in the President's Office, Zameer said India has given the Maldives the green signal to extend the repayment deadline for USD 150 million of a USD 200 million debt. The loan was secured by the previous government upon assuming office in 2019.

Shankar Sharma jokingly suggested that he is “available" for MP trading after the Lok Sabha Elections 2024, with a demand for a 30% cut. In a post on X, Sharma wrote, “Mil Gaya,Mil Gaya!!!Har desh waasi ka purana luta hua Rs.15 Lakh/per head wala Khazana ,MIL GAYA!! (We found it, we found it! The long-lost treasure of Rs.

Hindustan Aeronautics Limited (HAL), Maldives-based Sun Online reported. HAL had manufactured the helicopters donated by the Indian government to Maldives. ALSO READ: Maldives anti-India stance: It shouldn't have been done, says FM Moosa Zameer Indian soldiers were deployed in Hanimaadhoo, Kadhdhoo and Gan.

Read more Tata Motors announced its January-March quarter results for fiscal 2023-24 (Q4FY24), reporting a surge of 222 per cent to ₹17,407.2 crore, compared to ₹5,400 crore in the corresponding period last year. India's most valuable carmaker beat D-Street estimates as it reported a more than three-fold increase in net profit driven by a tax credit surge and strong performance across all its auto businesses. Read more Air India Express has sacked around 25 employees after they did not report to work on Wednesday, May 8.

Arvind Kejriwal walked out of Tihar Jail on Friday after the Supreme Court granted interim bail till June 1. Tata Motors reported a three-fold jump in consolidated net profit (to ₹17,528.59 crore) in the final quarter of FY24. Meanwhile Israeli Prime Minister Benjamin Netanyahu insisted that the Gaza war would continue with or without US support.

Maldives anti-India stance: It shouldn't have been done, says FM Moosa Zameer The foreign ministers of India and Maldives met in New Delhi on Thursday. Indian External Affairs Minister Subrahmanyam Jaishankar told his Maldives counterpart, Moosa Zameer, that India has been a key provider of development assistance, including infrastructure projects, medical care, and health facilities. "It is in our common interest that we reach an understanding on how best we can take our relationship forward," a statement by India's External Affairs Ministry quoted Jaishankar as saying.

foreign minister Moosa Zameer on Thursday indicated the Muizzu government's willingness to work with India amid external affairs minister S Jaishankar's emphasis that bilateral ties were based on mutual interests and reciprocal sensitivity. The two sides, during Jaishankar-Zameer meeting, discussed the state of various India-funded projects in Maldives. Each side presented respective viewpoints on the projects that are developmental in nature and scope, sources informed ET. Zameer's visit to India amid anti-India rhetoric in Maldives is a signal that neighbours are trying to arrive at a working relationship, sources explained. After resounding victory in parliamentary elections, the Muizzu administration may want to set aside rhetoric and work with India, which has been the first responder to crises in Maldives since its independence, sources said.

Mint looks at the issue and analyses what it could mean for the $4-billion export sector. On 5 April, Hong Kong’s food regulator suspended the sale of MDH spice mixes saying they contain high levels of ethylene oxide, a carcinogenic. Singapore followed suit with Everest, another top Indian spice brand.

ANI, said that the governments of Maldives and India understand what has happened and they have passed that stage now. Also Read: Maldives Foreign Minister Moosa Zameer gets brutally trolled over India visit, ‘Where's your apology?’ "We have said that it's not the stand of the government or we believe that it shouldn't have been done. We are taking proper action to make sure that this doesn’t get repeated.

Maldivian Foreign Minister Moosa Zameer, who is on his first official visit to India, has distanced his government from the derogatory remarks made by some of its ministers against Prime Minister Narendra Modi and said that it was not the stand of the government and that «proper action» has been taken to ensure that it is not repeated. In an interview with ANI, Maldivian Foreign Minister Zameer reiterated the government's stance, stating, «I think if you have seen, like you said, we have said that it's not the stand of the government or it's not the view of the government. And we believe it shouldn't have been done. And then we are taking proper action to make sure that this don't repeat.» «And I think if you have seen, there has been a misunderstanding, social media mainly, but the governments of the Maldives in India, we understand what has happened and we have passed that stage now,» he added.

Hundreds of Indians had dropped their plans to visit the Maldives after three Maldivian officials made derogatory comments on India and PM Modi after the latter posted photos of Lakshadweep Islands on his X handle. Since January, the number of tourists visiting the island nation declined by 42 per cent.

The Times Of India that his visit could take place early next week. This will be the first high-level visit by either since the pro-China president Mohamed Muizzu defeated his India-friendly predecessor Ibrahim Solih and took office last year. Since then, India's relations with its neighbor in the Indian Ocean have suffered repeatedly as a result of Muizzu's efforts to restrict defense and security cooperation with India.

International news in India at the beginning of 2024 was dominated by a publicized phase of diplomatic tension between India and the Maldives following Prime Minister Narendra Modi’s visit to the Union territory of Lakshadweep. This was followed by an order by the government of Maldives asking Indian troops to leave the archipelago nation. However, this wasn’t the first time the relationship between the Maldives and India has been disturbed.

Nature cited scientists as predicting that the islands in the Maldives could be completely submerged by 2100. “The Maldives is also one of the countries most vulnerable to sea-level rise," the article read. It added that 80 percent of its islands are less than one metre above sea level, and less than one percent of the area in the island nation is actually land.

supermajority" in Parliament by winning over 60 seats in Sunday's crucial parliamentary election, seen as a litmus test for the pro-Beijing politician whose policies are being closely watched by both India and China amidst regional power dynamics. According to information released by the Elections Commission (EC), 207,693 people cast their ballots as of 5:00 pm local time, making for a voter turnout of 72.96 per cent. This includes 104,826 men and 102,867 women. A total of 284,663 people were eligible to vote to elect lawmakers for 93 constituencies in the 20th People's Majlis. A total of 368 candidates were in the fray, including 130 independent candidates, 10 candidates from Jumhoory Party (JP), 39 from The Democrats, Maldives Development Alliance (MDA) 4, Adhaalath Party (AP) 4, and Maldives National Party (MNP) 2 nominees.

Maldives voted on Sunday to elect a new Parliament as a MDP victory in the House will enable it to keep a check on the Muizzu’s administration’s steps impacting New Delhi’s interests in the region. As many as 368 candidates are contesting on 93 seats in the parliamentary election MDP had a majority in the last Parliament. China is also keeping a close watch on the elections. This month, President Md Muizzu awarded high-profile infrastructure contracts to Chinese state-owned companies including airport redevelopment plan as campaigning for the parliamentary elections was in full swing.

Edition reported that the ruling PNC won 50 out of the 93 seats in the 20th People's Majlis, winning majority in parliament. As per the report, the majority in parliament is achieved by winning more than half the seats — that is 47 seats — "and a super majority can be reached by three fourth of seats, amounting to 70". Meanwhile, sun.mv reported that of the 203 seats where counting is complete, the PNC led by Muizzu bagged 59 seats, followed by Maldivian Democratic Party (MDP) at 10 seats and Independents nine seats.

Indian tourists ditch Maldives as numbers drop 40%; China arrivals up by... With Muizzu's anti-India remarks, several Indians have boycotted tourism-dependent Maldives as their holiday destination. According to recent Maldives government statistics, the number of Indian tourists has fallen, dropping that country from being the top source of foreign visitors to Number 6.

parliamentary elections indicate a strong lead for President Mohamed Muizzu's ruling People's National Congress (PNC) over the opposition, including the India-friendly Maldivian Democratic Party (MDP). Election Overview

India to the Maldives has left the island nation as demanded by him, President Mohamed Muizzu has said. Muizzu, a pro-China leader, also reaffirmed that foreign ambassadors in Male will not wield authority over him emphasising that ultimate power rests with the citizens. Last month, he had alleged that his predecessor Ibrahim Mohamed Solih operated on the orders from «a foreign ambassador» without naming any country. He announced the withdrawal of the second Indian military contingent from the Maldives while speaking during a campaign event for the ruling People's National Congress party candidates ahead of the parliamentary elections scheduled for April 21.

fostering robust tourism ties between the Maldives and India, paving the way for transformative collaborations that will drive sustainable growth in the region's tourism sector," the MATATO said in a post on X on April 9. MATATO's statement and meeting with the Indian envoy came at a time when tourism from India to Maldives has continued to decline significantly since January this year. MATATO said on April 9 that plans are underway to launch a comprehensive roadshow across key cities in India.