• Latest
  • Trending

India gives Maldives US$ 1.4 billion as financial aid

December 17, 2018
Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

October 4, 2023
Former Maldivian President Nasheed extends full support to Muizzu

Former Maldivian President Nasheed extends full support to Muizzu

October 4, 2023
Children. Image credits - Piron Guillaume gpiron

Adults shouting at children can be as harmful to a child’s development as sexual or physical abuse, study finds

October 4, 2023
Vaccines. Image credits - Mufid Majnun / Unsplash

mRNA vaccines: 5 things to know

October 4, 2023
A coffee tree in Hacienda Alsacia. Image credits - Joshua Trujillo/Starbucks

Coffee is in danger. Starbucks is working on solutions

October 4, 2023
US House Speaker Kevin McCarthy quits after historic vote to oust him

US House Speaker Kevin McCarthy quits after historic vote to oust him

October 4, 2023
Apple

Why your new Apple iPhone 15 is overheating

October 3, 2023
Ranil Wickremesinghe’s explosive interview to DW

Ranil Wickremesinghe’s explosive interview to DW

October 4, 2023
Roots of Sikh gangsterism in Canada

Roots of Sikh gangsterism in Canada

October 4, 2023
Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

October 3, 2023
Mosquitoes

WHO recommends malaria vaccine that will be rolled out next year

October 3, 2023
Kumar Sangakkara

Kumar Sangakkara appointed as new chair of MCC’s World Cricket Committee

October 3, 2023
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Thursday, October 5, 2023
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Former Maldivian President Nasheed extends full support to Muizzu

    Former Maldivian President Nasheed extends full support to Muizzu

    Ranil Wickremesinghe’s explosive interview to DW

    Ranil Wickremesinghe’s explosive interview to DW

    Roots of Sikh gangsterism in Canada

    Roots of Sikh gangsterism in Canada

    Kumar Sangakkara

    Kumar Sangakkara appointed as new chair of MCC’s World Cricket Committee

    FILE PHOTO: A Tesla Model 3 electric vehicle is displayed at the Canadian International Auto Show in Toronto, Ontario, Canada February 18, 2020. REUTERS/Chris Helgren/File Photo

    Sri Lanka to implement new vehicle revenue licence issuing system

    Nepal wants development aid from China, not a security pact

    Nepal wants development aid from China, not a security pact

    Winner Muizzu meets Solih to smoothen post-poll transition  

    Winner Muizzu meets Solih to smoothen post-poll transition  

    New Maldivian President to balance India and China

    New Maldivian President to balance India and China

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    Children. Image credits - Piron Guillaume gpiron

    Adults shouting at children can be as harmful to a child’s development as sexual or physical abuse, study finds

    Vaccines. Image credits - Mufid Majnun / Unsplash

    mRNA vaccines: 5 things to know

    A coffee tree in Hacienda Alsacia. Image credits - Joshua Trujillo/Starbucks

    Coffee is in danger. Starbucks is working on solutions

    US House Speaker Kevin McCarthy quits after historic vote to oust him

    US House Speaker Kevin McCarthy quits after historic vote to oust him

    Apple

    Why your new Apple iPhone 15 is overheating

    Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

    Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

    Mosquitoes

    WHO recommends malaria vaccine that will be rolled out next year

    Is Canada becoming the “new Pakistan” for India

    Is Canada becoming the “new Pakistan” for India

    China

    What China’s economic problems mean for the world

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Jawan is releasing on 4000 screens internationally. It is the widest release for an SRK centric film (Credit: Red Chillies Entertainment)

    This actor is so huge his fans lined up at 4.30 a.m. to watch his new movie

    Instagram. Solen Feyissa @solenfeyissa / Unsplash

    New report reveals highest earners from Instagram posts

    Barbie

    Lebanon bans ‘Barbie’ movie

    How I came to love ‘Oppenheimer’ and still detest the bomb

    How I came to love ‘Oppenheimer’ and still detest the bomb

    Rajnikanth

    Back Offices in Chennai, Bengaluru declare holiday on August 10 for Rajnikanth’s ‘Jailer’ movie premiere

    Taylor Swift

    Taylor Swift Seattle concert generates seismic activity

    Actors Emily Blunt (L), Cillian Murphy (centre) and Florence Pugh (R) at the premiere of Oppenheimer. Image credits - Getty Images.

    Hollywood actors announce historic strike

    Hugh Jackman dons classic Wolverine suit in Deadpool

    Hugh Jackman dons classic Wolverine suit in Deadpool 3 first look

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Children. Image credits - Piron Guillaume gpiron

    Adults shouting at children can be as harmful to a child’s development as sexual or physical abuse, study finds

    Vaccines. Image credits - Mufid Majnun / Unsplash

    mRNA vaccines: 5 things to know

    A coffee tree in Hacienda Alsacia. Image credits - Joshua Trujillo/Starbucks

    Coffee is in danger. Starbucks is working on solutions

    Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

    Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

    Mosquitoes

    WHO recommends malaria vaccine that will be rolled out next year

    This dish on Mugaritz's tasting menu is called "Technique: beef contrasts."

    This country has more of the world’s 50 best restaurants than any other

    Biden’s campaign team to prevent him from falling

    Biden’s campaign team to prevent him from falling

    This dish on Mugaritz's tasting menu is called "Technique: beef contrasts."

    The world’s 50 best restaurants for 2023 revealed

    The Upper House (Hong Kong): This beloved Hong Kong classic sits above Admiralty's Pacific Place and features 117 luxuriously-designed rooms. Courtesy Upper House Hong Kong

    World’s 50 best hotels for 2023 revealed

    Indian government’s decision to delay the census raises suspicions, says Lancet

    Indian government’s decision to delay the census raises suspicions, says Lancet

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Apple

    Why your new Apple iPhone 15 is overheating

    Whatsapp. Image credits - AARN GIRI / Unsplash

    New features introduced in Whatsapp’s latest update

    iPhone 15 and iPhone 15 Plus feature a gorgeous new and durable design, the Dynamic Island, a powerful 48MP Main camera, and A16 Bionic.

    iOS 17 release: See what’s new in iPhone features

    How to erase everything that Google and Facebook know about you

    How to erase everything that Google and Facebook know about you

    Apple

    France orders Apple to halt iPhone 12 sales

    iPhone 15 and iPhone 15 Plus feature a gorgeous new and durable design, the Dynamic Island, a powerful 48MP Main camera, and A16 Bionic.

    Apple debuts iPhone 15 and iPhone 15 Plus

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Former Maldivian President Nasheed extends full support to Muizzu

    Former Maldivian President Nasheed extends full support to Muizzu

    Ranil Wickremesinghe’s explosive interview to DW

    Ranil Wickremesinghe’s explosive interview to DW

    Roots of Sikh gangsterism in Canada

    Roots of Sikh gangsterism in Canada

    Kumar Sangakkara

    Kumar Sangakkara appointed as new chair of MCC’s World Cricket Committee

    FILE PHOTO: A Tesla Model 3 electric vehicle is displayed at the Canadian International Auto Show in Toronto, Ontario, Canada February 18, 2020. REUTERS/Chris Helgren/File Photo

    Sri Lanka to implement new vehicle revenue licence issuing system

    Nepal wants development aid from China, not a security pact

    Nepal wants development aid from China, not a security pact

    Winner Muizzu meets Solih to smoothen post-poll transition  

    Winner Muizzu meets Solih to smoothen post-poll transition  

    New Maldivian President to balance India and China

    New Maldivian President to balance India and China

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    Children. Image credits - Piron Guillaume gpiron

    Adults shouting at children can be as harmful to a child’s development as sexual or physical abuse, study finds

    Vaccines. Image credits - Mufid Majnun / Unsplash

    mRNA vaccines: 5 things to know

    A coffee tree in Hacienda Alsacia. Image credits - Joshua Trujillo/Starbucks

    Coffee is in danger. Starbucks is working on solutions

    US House Speaker Kevin McCarthy quits after historic vote to oust him

    US House Speaker Kevin McCarthy quits after historic vote to oust him

    Apple

    Why your new Apple iPhone 15 is overheating

    Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

    Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

    Mosquitoes

    WHO recommends malaria vaccine that will be rolled out next year

    Is Canada becoming the “new Pakistan” for India

    Is Canada becoming the “new Pakistan” for India

    China

    What China’s economic problems mean for the world

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Jawan is releasing on 4000 screens internationally. It is the widest release for an SRK centric film (Credit: Red Chillies Entertainment)

    This actor is so huge his fans lined up at 4.30 a.m. to watch his new movie

    Instagram. Solen Feyissa @solenfeyissa / Unsplash

    New report reveals highest earners from Instagram posts

    Barbie

    Lebanon bans ‘Barbie’ movie

    How I came to love ‘Oppenheimer’ and still detest the bomb

    How I came to love ‘Oppenheimer’ and still detest the bomb

    Rajnikanth

    Back Offices in Chennai, Bengaluru declare holiday on August 10 for Rajnikanth’s ‘Jailer’ movie premiere

    Taylor Swift

    Taylor Swift Seattle concert generates seismic activity

    Actors Emily Blunt (L), Cillian Murphy (centre) and Florence Pugh (R) at the premiere of Oppenheimer. Image credits - Getty Images.

    Hollywood actors announce historic strike

    Hugh Jackman dons classic Wolverine suit in Deadpool

    Hugh Jackman dons classic Wolverine suit in Deadpool 3 first look

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Children. Image credits - Piron Guillaume gpiron

    Adults shouting at children can be as harmful to a child’s development as sexual or physical abuse, study finds

    Vaccines. Image credits - Mufid Majnun / Unsplash

    mRNA vaccines: 5 things to know

    A coffee tree in Hacienda Alsacia. Image credits - Joshua Trujillo/Starbucks

    Coffee is in danger. Starbucks is working on solutions

    Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

    Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

    Mosquitoes

    WHO recommends malaria vaccine that will be rolled out next year

    This dish on Mugaritz's tasting menu is called "Technique: beef contrasts."

    This country has more of the world’s 50 best restaurants than any other

    Biden’s campaign team to prevent him from falling

    Biden’s campaign team to prevent him from falling

    This dish on Mugaritz's tasting menu is called "Technique: beef contrasts."

    The world’s 50 best restaurants for 2023 revealed

    The Upper House (Hong Kong): This beloved Hong Kong classic sits above Admiralty's Pacific Place and features 117 luxuriously-designed rooms. Courtesy Upper House Hong Kong

    World’s 50 best hotels for 2023 revealed

    Indian government’s decision to delay the census raises suspicions, says Lancet

    Indian government’s decision to delay the census raises suspicions, says Lancet

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Apple

    Why your new Apple iPhone 15 is overheating

    Whatsapp. Image credits - AARN GIRI / Unsplash

    New features introduced in Whatsapp’s latest update

    iPhone 15 and iPhone 15 Plus feature a gorgeous new and durable design, the Dynamic Island, a powerful 48MP Main camera, and A16 Bionic.

    iOS 17 release: See what’s new in iPhone features

    How to erase everything that Google and Facebook know about you

    How to erase everything that Google and Facebook know about you

    Apple

    France orders Apple to halt iPhone 12 sales

    iPhone 15 and iPhone 15 Plus feature a gorgeous new and durable design, the Dynamic Island, a powerful 48MP Main camera, and A16 Bionic.

    Apple debuts iPhone 15 and iPhone 15 Plus

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
NewsIn.Asia
No Result
View All Result
Home Business

India gives Maldives US$ 1.4 billion as financial aid

Editor by Editor
December 17, 2018
in Business, India, Maldives, Top Story
Reading Time: 4 mins read
4 0
A A
Share on WhatsApp

New Delhi, December 17 (Mihaaru): Indian Prime Minister Narendra Modi announced financial assistance of USD 1.4 billion in the form of budgetary support, currency swap and concessional lines of credit to fulfill socio-economic development programmes in the Maldives.

Modi declared the decision following the meeting with Maldives’ President Ibrahim Mohamed Solih, currently on his first diplomatic mission since his inauguration.

He said that the USD 800 million allocated for government projects is a Line of Credit arrangement, to be loaned by the Export-Import Bank of India at an interest rate of 1.5 percent. He added that Maldives Monetary Authority can use the remaining USD 400 million of India’s financial assistance as a currency swap instrument.

ADVERTISEMENT

The new government of recently elected President Ibrahim Mohamed Solih has commenced great efforts to strengthen the ties with India which had soured during the previous administration. The South Asian neighbor had notably granted free aid of USD 25 million (MVR 385.5 million) to Maldives last week.

Minister Ameer assured that the government will utilize the loans and credit facility granted by India such that it does not increase the national debt. He expressed his belief that the USD 150 million granted as treasury bond, which is to be repaid over the next two years, will also become free aid.

Agreements Signed:

– Agreement on the Facilitation of Visa Arrangements

– Memorandum of Understanding on Cultural Cooperation

– Memorandum of Understanding for establishing Mutual Cooperation to Improve the Ecosystem for Agribusiness

– Joint Declaration of Intent on Cooperation in the field of Information, and Communications Technology and Electronics

This is President Solih’s first state visit to another country since his inauguration on November 17.

The Indian government facilitated private air transport for the couple and their entourage, comprising of Minister of Foreign Affairs Abdulla Shahid, Minister of Finance Ibrahim Ameer, Minister of National Planning and Infrastructure Mohamed Aslam, Minister of Transport and Civil Aviation Aishath Nahula, and Minister of Economic Development Fayyaz Ismail.

Solih on Importance of Maldives-India ties 

President Ibrahim Mohamed Solih, on Sunday, stated that it is important to maintain Maldives-Indian ties for regional security.

President Solih and First Lady Fazna Ahmed departed to India on Sunday for a three-day state visit. During a meeting held with Maldivians living in New Delhi, the President stated that while the number of locals visiting India for various reasons is increasing, it is fundamental to strengthen the bilateral ties of the two countries.

According to President Solih, the protection of a small state such as Maldives require the assistance of international bodies. Additionally, he noted that in terms of foreign policy, Maldives places its highest goals to protect the sovereignty and national security of the country, adding that the nation will reinforce diplomatic ties without jeopardizing foreign policy.

“Increasing Maldives’ economic prosperity is Maldivian foreign policy’s second mandate. We have always recognized and thanked the countries who provided economic assistance”, said the President.

Furthermore, President Solih stated that India was the first country to develop ties with Maldives and that India is the closest and most well-wishing friend of the Maldives. President Solih guaranteed that his administration will strengthen the soured diplomatic relations the two countries faced during former President Abdulla Yameen Abdul Gayoom’s rule.

President Solih revealed the details surrounding the new VISA agreements between the two countries.

Benefits from the new VISA agreement:

– A 90-day visa will be issued for Maldivians traveling to India for medical, leisure or business related purposes. Such visas will be issued once per every 6-month period.

– If an individual visiting India on a tourist visa requires medical treatment, they can attain a medical visa without having to travel back to Maldives. In such cases, family members can apply for medical attendant visas.

– For long-term medical treatment in India, the Indian embassy located in Maldives, may issue visas valid up to a one-year period. In such cases, two caretakers will be issued medical attendant visas.

– Multiple entry student visas will be issued to students for the duration of their chosen courses.

– Parents can qualify for multiple entry visas to visit their underage children studying in India.

– Dependent visas and elderly dependent visas will be issued to underage children or elderly parents of Maldivian students in India.

– In addition to elderly dependent visas, students carrying out research or pursuing higher education in India will be allowed to bring spouses on family visas.

“We believe that this is not about a financial gain for India but rather a generous gift. On behalf of all Maldivians, I extend a very heartfelt appreciation for the current administration, especially Prime Minister Narendra Modi”, said President Solih.

Maldives’ Minister of Foreign Affairs Abdulla Shahid stated that the impending visa agreement will be among the most lenient visa policies India has ever opted for and that it will ease difficulties faced by Maldivians travelling to India.

The agreement will be signed by the two countries on Tuesday.

The President has pledged to establish free healthcare for those residing in neighbouring countries through the national healthcare scheme ‘Aasandha’. Additionally, the President plans to extend Aasandha coverage to more areas of the world.

The incumbent has pledged to introduce a low-interest loan scheme in his ‘100-day’ pledges. The President also plans to implement a mechanism to ease the repayment of student loans.

(Visiting Maldivian President Ibrahim Mohamed Solih being greeted in New Delhi by Indian Prime Minister Narendra Modi)   

 

 

 

 

 

Related Posts

Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners
Culture

Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

October 4, 2023
Former Maldivian President Nasheed extends full support to Muizzu
Maldives

Former Maldivian President Nasheed extends full support to Muizzu

October 4, 2023
Ranil Wickremesinghe’s explosive interview to DW
Around The World

Ranil Wickremesinghe’s explosive interview to DW

October 4, 2023
Roots of Sikh gangsterism in Canada
Canada

Roots of Sikh gangsterism in Canada

October 4, 2023
Winner Muizzu meets Solih to smoothen post-poll transition  
Governance

Winner Muizzu meets Solih to smoothen post-poll transition  

October 2, 2023
New Maldivian President to balance India and China
China

New Maldivian President to balance India and China

October 2, 2023
  • Electricity

    Power cut schedule for today in Sri Lanka: Uninterrupted power supply

    60414 shares
    Share 24188 Tweet 15094
  • Registration open for National Fuel Pass

    6647 shares
    Share 2696 Tweet 1646
  • Foreign Currency Official Exchange Rates from Central Bank of Sri Lanka

    2097 shares
    Share 845 Tweet 522
  • 12 hour water cut in areas of Colombo

    818 shares
    Share 349 Tweet 196
  • WATCH : Yohani’s first live performance in India

    791 shares
    Share 329 Tweet 193
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact

© 2022 All rights reserved.

No Result
View All Result
  • Home
  • Around South Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
  • Around The World
  • Breaking News
  • Business
    • Exchange
  • Climate Change
  • Governance
    • Crime
    • Diplomacy
    • Defense
    • Human Rights
    • Politics
    • Strategic Affairs
  • Lifestyle
    • Books
    • Entertainment
      • Arts
      • Cinema
      • Gaming
      • Music
      • Movie
      • Series
      • TV
    • Health
    • Fashion
    • Food
    • Travel
  • Culture
    • Ethnicity
    • Gender
  • Development news
  • Economy
  • Education
  • Environment
  • Coronavirus
  • History
  • National
  • Offbeat
    • Media
    • Music and arts across South Asia
  • Recommended
    • Headlines
    • Highlights
    • Top Picture
    • Top Story
  • Religion
  • Science
  • Sports
    • Football
    • Cricket
      • LPL
      • IPL
    • Tennis
    • Formula 1
    • NBA
  • Tech
    • Instagram
  • United Nations
  • Weather
  • World
    • Japan
    • Russia
    • United States
  • Videos

© 2022 All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

eskisehir escort -

https://www.vudols.com/

- mersin escort - Antalya korsan taksi -
ip booter
-
deneme bonusu
- deneme bonusu veren siteler - Kiralık bahis sitesi - vbet giriş