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Maldives President Muizzu Thanks India for Financial Support, Holds Bilateral Talks With PM Modi

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Maldives President Muizzu Thanks India for Financial Support, Holds Bilateral Talks With PM Modi

Maldives President Mohamed Muizzu on Monday (October 7) thanked India for its decision to provide USD 360 million to the US in addition to USD 400 million bilateral currency swap agreement. Muizzu, who is on a five-day state visit to India, held bilateral talks with PM Narendra Modi. The bilateral talks were held at Hyderabad House.

“I am thankful for the Indian Government’s decision to provide support in the form of 30 billion Indian Rupees in addition to 400 million US Dollars bilateral currency swap agreement which will be instrumental in addressing the foreign exchange issues we are facing right now,” Muizzu said.

Maldives is currently facing a financial crisis and there are serious concerns about Maldives’ capability of fulfilling its debt obligations. Leading global firms like Fitch Ratings have even predicted a default.

After the bilateral talks, India granted a USD 100 million treasury bills rollover to Maldives. Both nations signed a USD 400 million and Rs 3000 crore currency swap agreement.

“Development partnership is an important pillar of our (India-Maldives) relations. We have always given preference to the priorities of the people of Maldives. This year, SBI did a rollover of 100 million dollars of the Treasury Bench of Maldives. As per the needs of the Maldives, a 400 million dollars and Rs 3000 crore currency swap agreement was also signed…” said PM Modi during the bilateral talk.

On Monday, India introduced RuPay card payments in Maldives. PM Modi and President Muizzu inaugurated a runway of Hanimaadhoo International Airport in Maldives from Delhi.

Muizzu’s softened stance

Muizzu is perceived as a ‘pro-China’ leader. Last year, he contested elections on ‘India out’ poll plank and pressed for exit of Indian military personnel.

It has been customary for Maldivian presidents over years to fly to India as their first foreign visit. But Muizzu travelled to Turkey and China after assuming office.

His stance towards India has considerably softened especially when Maldives is facing financial woes.

Crime

Assam road rage accused arrested, not linked to BJP: Himanta Sarma

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Guwahati, July 7: Assam Chief Minister Himanta Biswa Sarma on Tuesday said that the accused in the recent road rage incident in Guwahati has been arrested and clarified that the individual has no association with the BJP.

The Chief Minister’s statement came amid social media posts claiming that the accused was a BJP youth leader after a video of the alleged assault surfaced online and triggered widespread outrage.

“The accused has been arrested and is not associated with the BJP,” Sarma said in a post on social media platform X.

Reiterating the state government’s zero-tolerance policy towards such incidents, the Chief Minister asserted that strict legal action would be taken against anyone involved in acts of violence on public roads.

“Road rage has no place in Assam. Anyone who indulges in such acts will face the full force of the law,” Sarma added.

The clarification came after several social media users, including public commentators, shared a dashcam video purportedly showing a confrontation between two motorists in Guwahati.

The video allegedly captured a car owner being assaulted following an altercation on the road, prompting calls for immediate action against the accused.

The incident sparked a political debate after claims circulated online that the accused was linked to the ruling BJP.

However, the Chief Minister dismissed those allegations, stating that the accused was not affiliated with the party. Police have already arrested the accused in connection with the incident. However, officials are yet to release detailed information regarding the charges invoked or the circumstances that led to the confrontation.

The viral video has generated widespread public concern over incidents of aggressive driving and road rage in urban areas. Netizens and civil society members have urged authorities to ensure swift prosecution of those responsible and to strengthen enforcement against violent behaviour on the roads.

The Assam government has repeatedly maintained that law and order violations will be dealt with firmly irrespective of the background or affiliation of those involved.

Further investigation into the incident is underway, and police are expected to record statements of witnesses and examine the video footage as part of the probe.

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Business

Kutch Copper Ltd’s ‘Adani Copper’ becomes London Metal Exchange-registered brand

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Ahmedabad, July 7: Kutch Copper Limited (KCL), a subsidiary of Adani Enterprises Ltd, has earned London Metal Exchange (LME) certification for ‘Adani Copper,’ according to a statement issued by the company on Tuesday.

“Approval by the world centre for the trading of industrial metals validates KCL’s manufacturing excellence and responsible sourcing practices against strict global benchmarks, enabling Adani Copper cathodes to be delivered with warrants eligible for issuance against LME Copper futures contracts from July 10, 2026,” the statement said.

For the Adani Group, LME’s listing of Adani Copper as a Good Delivery brand for ‘Copper Grade A’ contracts places the brand alongside the world’s leading copper brands, conferring international recognition and market credibility on the Group’s entry into the metals sector and its emergence as a globally competitive producer of refined copper.

“Copper is the backbone of the global energy transition. Achieving LME brand status places Adani among the world’s leading copper producers and strengthens India’s role in building a resilient, responsible supply chain for this vital metal. Kutch Copper’s world-class infrastructure and ESG standards make this recognition both timely and well-deserved. It will enhance the global acceptance of Adani Copper. Apart from reinforcing India’s growing stature in the international metals industry, the registration is a landmark step towards self-reliance in refined copper,” Adani Enterprises’ CEO, Natural Resources, and Kutch Copper Ltd Managing Director Dr Vinay Prakash said.

An LME-brand certification is a rigorous process involving superior quality assurances — covering chemical composition, shape and weight — alongside strict responsible sourcing protocols. The LME listing enables Adani Copper cathodes to be placed on warrant in LME-approved warehouses, strengthening financing flexibility as LME-listed metal is recognised as a highly liquid asset that can be used as collateral. For the LME, the addition of Adani Copper broadens the exchange’s deliverable base with high-quality cathode from a major new production hub, deepening the liquidity and geographic diversity of the global copper market.

The $1.2 billion Kutch Copper facility with production capacity of 0.5 million tonnes — one of the world’s largest single-location custom copper smelting complexes, designed with state-of-the-art technology, advanced process automation, and sustainability-led design principles embedded across operations — strengthens domestic supply, reduces the nation’s dependence on imported copper, and advances India’s ‘Aatmanirbhar Bharat’ ambitions in a metal central to electrification, renewable energy and the energy transition, the Adani Group statement added.

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National News

Driver arrested after fatal hit-and-run that killed scooty rider in Northwest Delhi

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New Delhi, July 7: Delhi Police arrested the driver of a Mercedes car in connection with a fatal hit-and-run accident that claimed the life of a 29-year-old scooty rider near the Jahangirpuri Bus Stand on the Outer Ring Road in northwest Delhi, officials said on Tuesday.

The accident took place on July 5 near the Foot Over Bridge at the Jahangirpuri Bus Stand on the GTK Bypass stretch towards ISBT. Police said they received information about a road accident in which a scooty rider had sustained serious injuries. The victim was rushed to Babu Jagjivan Ram Memorial (BJRM) Hospital, where doctors declared him brought dead.

The deceased was identified as Deepak, a resident of Mangolpuri in Delhi.

According to Delhi Police, the investigation gained momentum after a PCR caller informed officers that a Mercedes car bearing registration number HR-51BT-6304 had hit the scooty before fleeing the spot.

“The vehicle was traced, and after serving notice under Section 133 of the Motor Vehicles Act to the registered owner, it was revealed that Ansh Pratap Singh was driving the vehicle at the time of the incident,” Delhi Police said.

Based on the findings of the investigation, police registered FIR No. 436/2026 at Jahangir Puri Police Station under Sections 281 and 106(1) of the Bharatiya Nyaya Sanhita (BNS), dealing with rash or negligent driving and causing death by negligence.

“The accused driver was identified and arrested. Further investigation is in progress,” Delhi Police said.

Police are also examining the circumstances leading to the accident and collecting additional evidence, including CCTV footage and witness statements, to establish the sequence of events.

The arrest comes after investigators tracked down the luxury vehicle using its registration details provided by the eyewitness who alerted the police through the PCR helpline. Officials said further legal proceedings will be carried out as the investigation continues.

Delhi Police have not yet disclosed whether the accused was under the influence of alcohol or whether any additional charges may be invoked, stating that the investigation is still underway.

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