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04Feb 2025

India-Maldives Begin 13th Joint Military Exercise Ekuverin

Why in the news? The 13th edition of the India-Maldives joint military exercise, Ekuverin, commenced in the Maldives to strengthen defense cooperation, enhance disaster response capabilities, and foster peace and security in the Indian Ocean region. Overview of the Exercise: The 13th edition of the joint military exercise ‘Ekuverin’ between the Indian Army and the …

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22Nov 2024

India-Maldives Pact to Boost Local Currency Transactions

Why in the news? RBI and Maldives Monetary Authority signed an MoU to promote using Indian Rupee and Maldivian Rufiyaa for cross-border transactions, enhancing trade and deepening economic ties. MoU Between RBI and Maldives Monetary Authority: The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) signed a Memorandum of Understanding (MoU). The …

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