The reduction is based on usage, India says.
Water villas at the resort can cost as much as US$1,500 a night.
Overdue infrastructure development would take decades without foreign loans, Yameen contended.
India's reduction of the quota allocations of staple foodstuff to the Maldives sparked fears of price hikes.
Indian media reported that visas were being rejected by the Maldives because of worsening ties.
The government has been pushing airport development.
The Maldives has been borrowing heavily from China, but details of the loan are not clear.
The Anti-Corruption Commission says the state incurred heavy losses due to a 2013 settlement agreement with Villa that waived rent for properties leased for resort development.
Foreign investments will no longer be authorised in event management, renting of audiovisual equipment, and sale or renting of musical instruments.
A billion rufiyaa was collected last month by the Maldives tax authority.
The package will improve the efficiency of public services and finances, says the World Bank.
Former president Mohamed Nasheed said he will renegotiate the Maldives’ debt to China, accusing Beijing of dragging Maldives into a debt trap. Nasheed, who won the...
The loan is to be "repaid at the government's convenience" with no deadline, the tourism minister told the press at a ceremony held to sign a...
The Indian firm says it is not liable for any taxes due to an arbitration payout over the cancellation of its airport development deal.
A Maldives' NGO has warned that not enough is being done to minimise the damage caused by airport construction.
The opposition has long criticised the cost of the current administration's flagship projects as wildly inflated, alleging graft and misuse of public funds.
Visitor numbers reached 119,713, down from 119,774 in the same period last year.