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Searched Tag: economic development and trade

Industry optimistic as new govt promises policy continuity

New phase ahead: Industry gears up for Modi 3.0

June 13, 2024, 01:17 PM - 2 min read

The entire ecosystem of industry, trade and financial markets is re-energised with the beginning of the new government amid policy continuity, top trade and industry chambers have said.

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Maldives is in discussions with India and China to explore the possibility of making payments for imports in Maldivian Rufiyaa, announced Mohamed Saeed, the Minister for Economic Development and Trade to Maldives

Maldives initiates talks with India and China for local currency payments

April 12, 2024, 02:22 PM - 2 min read

The announcement comes on the heels of India's decision in July 2023 to permit the Maldives, along with 21 other nations, to open Special Rupee Vostro Accounts (SRVAs). This measure was aimed at promoting bilateral trade in local currencies and facilitating payments for goods imported from India in Maldivian Rufiyaa.

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