Finance

A series of defaults by India’s key infrastructure lender, Infrastructure Leasing and Financial Services Limited (IL&FS), has sparked fears about the health of other non-bank lenders and led to a squeeze in India’s corporate debt market that these lenders have relied upon.

Security

India continues to counter China’s regional influence by extending its coastal surveillance radar systems (CSRS) project to the Republic of Maldives, a country with key shipping lanes in the Indian Ocean. The extension of the initiative to the Maldives will build up regional maritime domain awareness, and strengthen the security and economic network of littoral countries.