Seychelles Financial News

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Subscribe to enjoy similar stories. Want to celebrate Holi in Varanasi or spend Eid unwinding in the Maldives? Be ready to pay up. With Holi falling on 14 March (Friday) and Eid expected on 31 March (Monday), travellers are seizing the back-to-back long weekends, sending hotel rates soaring.

Subscribe to enjoy similar stories. Chagos is one of the world’s longest-running unresolved issues of decolonization, whose return to Mauritius has been championed by India for decades. Prime Minister Narendra Modi’s visit to Mauritius this week can help see the campaign to its logical conclusion.

The Bahamas says it will refinance $300 million of its external debt to free up more than $120 million for marine conservation projects and climate change mitigation

Pralhad Joshi on Monday said India has been re-elected as the President of Indian Solar Alliance (ISA) from 2024 to 2026. Addressing the press conference at 7th General Assembly of the ISA, Joshi informed that France has been reelected as Vice-President of the ISA. India's election to the President post is a testament to the impactful work the country, under the leadership of Prime Minister Narendra Modi, has been doing over the years for the global good in advancing solar energy adoption across the globe and boosting investment in essential solar projects, including mini-grids and healthcare solutions, Joshi opined. Eight Vice Presidents of the Standing Committee, two from each of the four ISA geographical regions, were also selected by the Assembly.

Global crypto exchange behemoth Binance is reportedly facing goods and service tax (GST) issues in India, according to sources.

Crypto trading platform Bitget is eyeing India expansion and is actively discussing with the country’s regulator regarding licensing requirements.

GRSE) Ltd on saturday signed an agreement with Carsten Rehder Schiffsmakler and Reederei GmbH and Co. KG, a Germany-based shipping company, for the construction and delivery of four multi-purpose cargo vessels. This contract, valued at around $54 million, is set to be completed within 33 months. The official statement from GRSE indicated that there is an option for building an additional four ships in the future. These vessels will each measure 120 meters in length and 17 meters in width, capable of carrying 7,500 metric tonnes of cargo.

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».

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.

Bitcoin users are currently facing difficulties with high transaction fees as the blockchain becomes congested once more, although the cause may be different from what some might expect.

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.

Popular and lovable Solana meme coin Slothana ($SLOTH) today announced that it will be listed on top 10 crypto exchange HTX.

The Commodity Futures Trading Commission (CFTC) has reached a settlement with Falcon Labs, Ltd., a Seychelles-based entity, for operating as an unregistered futures commission merchant (FCM) and facilitating access to digital asset exchanges without proper registration.

Also read | Cryptocurrencies are rallying again, but concerns remain The lack of regulation, however, places investors heavily at risk in this type of instrument. This risk is on top of the massive price volatility of crypto and the risk of hacking associated with it. An investor needs to register on the BitSave app, complete the customer verification requirements, and then deposit an amount in rupees via UPI, which will immediately be converted to USDT, which is also known as Tether, a cryptocurrency stablecoin, where the value of a digital asset is pegged to something like a fiat currency, in this case the US dollar.

Indian Navy has successfully rescued the crew of a Panama-flagged crude oil tanker, MV Andromeda Star, after it came under a missile attack by Houthi militants. The vessel was attacked in the Red Sea on April 26, prompting a rapid response from the Indian Navy's destroyer, INS Kochi. The attack resulted in minor damage to the vessel, which is operated by a company based in Seychelles. The distressed oil tanker was intercepted by the Indian Navy ship and an aerial recce was carried out by the Indian Navy helicopter to assess the situation. «A mission deployed Indian Naval destroyer INS Kochi responded to a maritime security incident involving the attack on Panama-flagged crude oil tanker MV Andromeda Star on April 26,» the Indian Navy said.

India's defence exports have witnessed a significant surge in 2023-24 with a growth of ₹21,083 crore. In fact, the last few financial years have witnessed steady and methodical increase in India's defence exports to countries including the Seychelles, the Maldives, Mauritius and Ecuador. These y-o-y increases started primarily in 2017-18, with the trajectory of defence exports hitting ₹4,682 crore, followed by a significant jump to ₹10,745 crore, which represented an increase of an impressive 129.49% in 2018-19. Then, a dip of 15.16% in defence export performance in 2019-20 to ₹9,115 crore was induced by the pandemic. A further decrease ensued in 2020-21, due to the continuation of Covid, by 7.47% to ₹8,434 crore. The decrease in 2019-20 and 2020-21 was not as precipitous as the surge in defence export growth in the pre-pandemic phase. In the post-pandemic phase, defence exports regained their footing with an increase to ₹12,814 crore in 2022-23, which was higher than in the pre-pandemic year of 2018-19 when exports actually experienced a significant rise.

government Tuesday allowed exports of Kala Namak rice up to an aggregate quantity of 1,000 metric tonnes through six specified customs stations. Their exports were prohibited till now. “Authorized signatory for certification of Kala Namak rice and its quantity will be Director, Agriculture Marketing & Foreign Trade, Lucknow,” the Directorate General of Foreign Trade said in a notification. Kala Namak is a premium non-basmati rice variety grown in Uttar Pradesh.

In the midst of criminal allegations and growing concerns over its reserves, the Seychelles-based cryptocurrency exchange KuCoin has received a vote of confidence from Ki Young Ju, the founder and CEO of crypto analytics service CryptoQuant. 

non-basmati white rice to Tanzania and 80,000 tonne of broken rice to Djibouti and Guinea Bissau. The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) has said in a notification. Though exports of non-basmati white rice have been banned since July 20, 2023 to boost domestic supply, exports are allowed on the basis of permission granted by the government to certain countries to meet their food security needs on request. Tanzania is an East African nation, while Djibouti is at the northeast coast of the African continent.