The State Bank of India has subscribed for one more year to the USD 50 million Government Treasury Bill, issued by the Ministry of Finance of Maldives, upon maturity of the previous subscription, the High Commission of India said in a brief statement on Monday.
The Indian government took this decision despite the bilateral ties experiencing turbulence since Maldives President Mohamed Muizzu, a proChina leader, assumed office six months back.
These Government Treasury Bills are subscribed by SBI under government-to-government, a unique arrangement at zero cost (interest-free) to the Government of Maldives.
This story is from the Delhi 14 May 2024 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the Delhi 14 May 2024 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
India, the biggest promotor of T20 cricket, determined to end World Cup title drought
After winning inaugural T20]1 in SA in 2007, India has only reached one more final in 2014
IPL final: Sunrisers big-hitters up against Rajasthan's spin stars in 'battle of nerves'
IPL's best power hitters Travis Head and Abhishek Sharma will face a very different challenge in wily spin twins Yuzvendra Chahal and Ravichandran Ashwin when Sunrisers Hyderabad take on Rajasthan Royals in a high-octane second Qualifier here on Friday.
When chips were down, we started to play for our self-respect: Kohli
Fighting for self-respect when everything seemed lost propelled Royal Challengers Bengaluru to six consecutive victories and earned them a place in the IPL 2024 Eliminator, said Virat Kohli after the side's winning streak was ended by Rajasthan Royals.
Doesn't exactly fit into my lifestyle, says Ponting
TURNS DOWN INDIA HEAD COACH APPROACH
CII at forefront of Bengal’s industrial advancement across various sectors
In a significant stride to enable MSMEs leverage the benefit of digital tools, CII with its Project Digital Saksham in partnership with Mastercard center for Inclusive Growth is working in 13 States and across 55 clusters.
AI-based optimisations: Paytm expects annual saving of up to ₹500 cr
Paytm has been at the forefront of leveraging AI to streamline its business processes, optimise risk management
Al-based optimisations: Paytm expects annual saving of up to 500 cr
Paytm has been at the forefront of leveraging AI to streamline its business processes, optimise risk management
CII at forefront of Bengal’s industrial advancement across various sectors
In a significant stride to enable MSMEs leverage the benefit of digital tools, CII with its Project Digital Saksham in partnership with Mastercard center for Inclusive Growth is working in 13 States and across 55 clusters.
India to get rating support if it uses RBI dividend to cut fiscal deficit: S@P analyst
India can get 'rating support' over time if it utilises the highest-ever dividend of over Rs 2 lakh crore received from the Reserve Bank to reduce fiscal deficit, said an S&P Global Rating analyst on Thursday.
ITC posts Q4 profit of ₹5,191 crore, revenue climbs 2% to ₹19,446 crore
The company had logged a net profit of Rs 5,242.59 crore in the same period of the previous fiscal, ITC said in a regulatory filing
