India said it was watching the situation in Maldives closely but had no plans as yet to curtail any aid. “As for the standby credit promised by Prime Minister Manmohan Singh, there is no timeline for disbursing it,” official sources said.

The Indian government fears Maldives could be hit to the tune of hundreds of millions of dollars in compensation for cancelling the GMR-led consortium’s contract.

On Friday Minister for External Affairs Salman Khurshid asked Male to keep in check elements who may be trying to harm bilateral relations. Mr. Khurshid also drew a distinction between India’s interests in the region which are much more wide-ranging and the GMR contract cancellation saga.

“If they have to take a decision in interest of their society and country and if that decision is taken properly as per laws there, what objections can anyone have? We would want that whatever is the decision, it should not put any question marks on our friendly relations,” Mr. Khurshid told newspersons outside Parliament. “If any quarters there want our relations should be harmed, then they should be controlled. I think Maldives and its people know this thing properly and I am sure that they will do it,” added the Minister.

Asked about India’s plans to “intervene,” he said, “for commercial enterprises no one intervenes, but we have been assured about the security and safety of our citizens and interests there. To that extent, it is our right and we have also told them about this right. On the commercial discussions, we don’t have the right and there is no justification for it. Try to understand the issue in the right context and I think there is nothing to worry about.’’

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