archiveMaldives

India on Saturday noted with satisfaction that the USD 400 million currency swap between Male and New Delhi helped boost Maldives' foreign exchange (FX) reserves. The comments by the Indian High Commission in Maldives came after global credit rating agency Fitch on Thursday affirmed the archaepelagic country's sovereign rating at 'CC', among other reasons due to increased Forex reserve. The Indian High Commission in Maldives, in a post on X, said it noted with satisfaction that the FX reserves increase in the island nation was driven by the USD 400...

Captain Gopinath’s journey didn’t begin in a plush office or global boardroom. It began in the rugged terrain of the Indian Army, where discipline and tenacity were the currencies of survival. In 2003, India witnessed an aviation upheaval that few could have imagined. With a single symbolic one-rupee ticket, Air Deccan transformed from a risky startup into a household name. Behind this improbable flight path was Captain Gorur Ramaswamy Gopinath, a former Army officer who dared to question the inaccessibility of air travel in a country of over a billion...