India offers Rs 4,850 cr credit line to Maldives
Modi made the remarks after holding wide-ranging talks with Maldivian President Mohamed Muizzu, focusing on consolidating cooperation in areas of trade, defence and infrastructure. The prime minister's visit marked a major turnaround in India-Maldives ties after a spell of unease. Modi also announced that the two countries will work towards finalising a bilateral investment treaty and that negotiations for a free trade pact have already started.
The Maldives holds an important place in India's "Neighbourhood First" policy and MAHASAGAR (Mutual and Holistic Advancement for Security and Growth Across Regions) vision, the prime minister said. Modi said India has decided to provide a line of credit of USD 565 million (Rs 4,850 crore) to the Maldives. Mutual cooperation in the field of defence and security is a testament to mutual trust, he said. India will always support the Maldives to strengthen its defence capabilities, he added.
Modi landed in Male this morning to a warm welcome with Muizzu and a number of top ministers of his government receiving the prime minister at the Velena international airport, reflecting the importance Male attached to the trip. Hours later, Modi was accorded a colourful ceremonial welcome and a guard of honour at the iconic Republic Square. "Deeply touched by the gesture of President Muizzu to come to the airport to welcome me. I am confident that India-Maldives friendship will scale new heights of progress in the times to come," Modi said in a social media post. The two leaders held a one-on-one meeting before settling down for delegation-level talks.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
27 minutes ago
- Hindustan Times
Modi's Namibia visit powers India's Africa strategy
In the wake of a closely watched BRICS summit in Brazil, Prime Minister (PM) Narendra Modi's maiden visit to Namibia on July 9 has captivated global attention, marking the culmination of a landmark five-nation state visit that included Ghana, Trinidad & Tobago, Argentina, and Brazil. The state visit, beginning in Ghana and ending in Namibia, underscores India's renewed commitment to Africa and the broader Global South framework. On the other hand, high-level cross-continental itinerary, spanning Latin America to Africa, highlights India's strategic intent to rekindle historic ties and build solidarity among Global South nations — especially at a time when the G77, the largest bloc of developing nations, is seen as increasingly irrelevant. PM Modi's State visit to sub-Saharan region is came at a time when several other western leaders were scheduled or expected to visit the sub-Saharan region. Around the same time, Washington is engaging the West African leaders and contemplating new ways to strengthen ties with Africa, unnerved by Chinese influence in the continent. Although India has historic ties with Namibia – there's a serious gap in State level visit and this heads of government level visit occurs after 27 years. Sam Nujoma, the leader of SWAPO (the party behind independence struggle) and founding president of Namibia, who visited India several times acknowledged India's help during the liberation process. While in Windhoek, Namibia, PM Narendra Modi and Namibian President Netumbo Nandi-Ndaitwah tabled areas of cooperation such as agriculture, critical minerals, education, digital technology, defence and security, and health care. Earlier this year, Chinese foreign minister Wang Yi began his State visit from Namibia — a nation with bilateral trade with China totalling approximately $1.4 billion. The BRI signatory nation is laying Trans-Kalahari Railway and several other infra and connectivity projects, mandating the One China Policy. China accounts about 30% of the nation's foreign trade. Although there's a sharp rise in India's bilateral trade with Namibia the is about $ 600 million. The two countries have pushed for the conclusion of Preferential Trade Agreement between India and South African Customs Union (SACU). Followed by this visit, the two nations are expected to work on boosting trade of items like oil and gas, hydrocarbons, petrol chemicals, crude digital health and critical minerals. The maiden visit of PM Modi to this uranium-rich Namibia was at a time when New Delhi is actively seeking to expand its uranium imports to support its growing nuclear energy drive. Namibia is largest producer of uranium in the world, and it has lithium, zinc, and some other rare earth metals to offer. India has announced plans to import at least 9,000 metric tonne units of uranium between 2025 and 2033 to supply new reactors under the National Nuclear Energy Mission. India has a plan to expand nuclear power capacity to 100 GW by 2047 and the low quality of its domestic reserves is part of a broader effort to strengthen energy security and reduce dependence on fossil fuels. The nation has recently discovered oil and gas reserves, particularly in its offshore Orange Basin. India has a deep interest to explore collaboration in the sphere. The two nations have more to explore areas such as diamond trading. There's a serious issue in direct diamond trading between India and Namibia – Indian side is working to make a way for direct diamond trading. Currently, India sources diamonds from the region via intermediaries such as Dubai, London, or third countries. India and Namibia the two are aspiring nations in the reserving culture and promoting heritage. The Himba tribe in Namibia's Kunene has earned fame for preserving their traditional lifestyle, clothing, and beliefs, remaining unaffected by modern influences. During the visit of PM Modi, India and Namibia signed two MoUs on the setting up of the Entrepreneurship Development Centre in Namibia and Cooperation in the field of Health and Medicine. Namibia also announced starting of a digital payment system by end of the year and entering to India-led Coalition for Disaster Resilient Infrastructure and Global Bio Fuel Alliance. During his visit, PM Modi was conferred with the Order of the Most Ancient Welwitschia Mirabilis, Namibia's highest civilian award. There is also an interesting personal connection between Prime Minister Modi and Namibia: On September 17, 2022, his 72nd birthday, India welcomed its first batch of eight cheetahs from Namibia, marking the historic return of the species to Kuno National Park after decades of local extinction. The release of these cheetahs was overseen by Modi. The nation deserves a very significant place – when India is forming Big Cat Alliance to save tigers. Uranium, critical minerals, digital payment and diamonds are poised to infuse new vitality into the bilateral relationship between New Delhi and Windhoek, illuminating the path for deeper cooperation. Namibia is the second least densely populated country in the world but as the same time it is world's one of most arid countries, with just one per cent territory being arable. In the north of the nation, there's a culture of farming cowpea and millet. India and Namibia may find ways to bring result on irrigation, scarce water management and hybrid-agriculture. India is in a position to help Namibia for innovative agricultural practices to address food insecurity in sub-Saharan region. Under the leadership of first female President Nandi-Ndaitwah, who comes with her foreign ministerial experience the nation is vocal about a chair for Africa at the United Nations Security Council. As both nations look toward meaningful reforms in global governance, this visit has rekindled the bonhomie between New Delhi and Windhoek, laying the foundation for a partnership defined by shared ambition, and a commitment to the progress of the Global South. This article is authored by Ayanangsha Maitra, journalist and programme coordinator, Center of Geoeconomics for the Global South, UAE.
Indian Express
27 minutes ago
- Indian Express
Amid complaints of lack of cooperation by officials, UP CM Yogi Adityanath holds dialogue with MPs, MLAs
Amid complaints of lack of cooperation by officials on the ground, Chief Minister Yogi Adityanath on Sunday called a meeting with the MPs, MLAs and officials concerned from Kanpur, Chitrakoot and Jhansi divisions before giving approvals to development projects and schemes in their areas. The idea behind such a meeting, referred to as 'mandalwar samvad' (divisional dialogue), is to hold discussion with the public representatives before giving shape to projects and schemes in their constituencies, sources said. Similar division-level meetings will be held in the future, an official said. The move is being seen as an attempt by the Chief Minister to resolve purported differences between officials and public representatives at the grassroots level in the run-up to the upcoming panchayat elections and the 2027 Assembly polls in the state. In the meeting, which was held at the CM's official residence in Lucknow, projects worth Rs 4,901 crore were finalised for Jhansi division, projects worth Rs 3,875 crore for Chitrakoot division and about projects worth Rs 10,914 crore were okayed for six districts of Kanpur division, it is learnt. Officials said public representatives were given the opportunity to propose schemes and projects for their areas, on which discussion was held over their viability and other issues. The projects proposed by the MLAs included that of road connectivity, irrigation, logistical hubs and approach roads to religious places. 'During the meeting, the Chief Minister asked the officials to take the opinion of the public representatives before finalising the projects for their constituencies and areas. While he asked the public representatives to monitor the implementation of government schemes in their areas and ensure their proper implementation,' said a senior official. 'He took feedback from the MLAs and MPs about the ground situation, administrative coordination and public expectations in their constituencies,' he added. The Chief Minister also directed the officials to ensure that the names of local representatives are engraved on the foundation or inauguration stones of development projects, he said. In the past, many public representatives, including ministers, have raised concern over lack of cooperation by officials in the implementation of projects or resolution of public grievances in their constituencies. 'Officials were given instructions by the Chief Minister keeping in view the issues raised by the public representatives. It is a healthy exercise as we as public representatives approach officials with the public issues so that things change on the ground,' said an MLA, who attended the meeting on Sunday.
India.com
27 minutes ago
- India.com
How much salary is paid by bankrupt Pakistan to Army Chief Asim Munir? The amount is SHOCKING! It is Rs…, is it more than Indian Army Chief's salary?
Asim Munir (File) Pakistan Army Chief Salary: Pakistan Army Chief Asim Munir, who elevated himself to the position of Field Marshal after falsely proclaiming 'victory' in the recent India-Pakistan conflict, is the de-facto ruler of the country, while the civilian government led by Prime Minister Shehbaz Sharif is little more than a puppet regime, designed to be subservient to the Army. But how much does Field Marshal Asim Munir officially earn in monthly salary? Let us find out. What is the salary of Pakistan Army Chief Asim Munir? Its an open secret that the Pakistan economy is in complete ruin, yet its Army, especially the top brass live a lavish lifestyle comparable to the world's richest, while the masses struggle to find two square meals a day. In terms of salary, Pakistan Army Chief Field Marshal Asim Munir receives a monthly salary of PKR 250,000, which is equivalent to about Rs. 75,000, a meagre amount compared to his Indian counterpart General Anil Chauhan, who earns a monthly salary of Rs 250,000, which equals to about 8.25 lakh in Pakistan Rupee (PKR). Thus, the Indian Army Chief earns three times more salary than the Pakistan Army Chief, showcasing the vast gulf in the economic strength of the two countries. Does Asim Munir get any additional facilities after Field Marshal elevation? While Asim Munir's salary remains the same, the post of Field Marshal is considered the highest in any army, and thus accompanied by a multitude of perks and facilities. The new title comes with top-of-the-line facilities including a posh government bungalow, additional security, cars, medical facilities, and lifelong pension. Notably, Army Chief is considered the most powerful figure in Pakistan, even ahead of the Prime Minister, and this was evident when US President Donald Trump recently hosted Asim Munir for a luncheon at the White House, a privilege usually reserved for Heads of State. Meanwhile, apart from the salary, the Pakistan Army chief enjoys certain other perks that accompany the top post, including free membership in elite clubs, a lavish private bungalow, additional security, government-funded transport, Additionally, the Pakistan Army owns several businesses as a corporation, including dairy and transport firms, which adds to the income of Army Chief General Asim Munir and other top brass of the Pakistan Army.
