Maldives-India News
New Delhi has increased its financial assistance to the Maldives by Rs 130 crore, raising the total aid to Rs 600 crore from Rs 470 crore in the 2024-25 budget.
Maldives President Muizzu seeks Indian financial assistance to bolster the country's foreign currency reserves as the island country stares at debt default.
Maldives is not only a tourist destination, but also a strategic location in the Indian Ocean. It is very close to India's Lakshadweep islands, and lies on an important shipping route.
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