The Indonesian foreign debt structure remained fit as it was managed under the principle of prudence, Widjanarko noted, adding that the ratio of the Indonesian foreign debt to the gross domestic product (GDP) by the end of second quarter 2020 was recorded at 37.3 percent, an increase compared to 34.5 in the previous quarter. … [Read more...] about Indonesia’s foreign debts in Q2 recorded at 408.6 bln dollars
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While the EV industry acknowledged that this move is in the right direction, the policy has not been well-thought-out and has created confusion regarding its implementation. Confusing MoveMahesh Babu, MD and CEO of Mahindra Electric, took a dig at the government’s decision and said in a statement, “This move has not been thought through and the industry has not been consulted.”“No country in the world allows registration of EV’s without battery. We will explain to the government that this notification has created confusion. A vehicle is tested, manufactured and sold as an integrated unit where the OEM is responsible for the warranty”, Babu lashed.He further added, “Either charging or swapping is post-sale charge replenishing methods. Both can exist in the current framework.” This move has not been thought through and the industry has not been consulted.Mahesh Babu, MD & CEO, Mahindra ElectricThe Society of Manufacturers for Electric … [Read more...] about Can de-linking battery from EVs boost sales in India?
Covid-19: the current count in IndiaAs of Tuesday evening, India's total tally of Covid-19 cases was 911,629, out of which 573,953 people have recovered and 23,788 have died due to the virus. Globally, the virus has so far infected 13,267,250 and reportedly killed 576,316.Covid-19 vaccine & costMaintaining momentum, Bharat Biotech has started the first phase of human clinical trials for India’s first Covid-19 vaccine candidate Covaxin. The trials will have a sample size of 1,500 persons from locations including New Delhi, Patna, Chennai, Kanpur, Goa, Gorakhpur, Bhubaneswar, Rohtak, Visakhapatnam and Hyderabad.At present, volunteers at 14 locations across the country are undergoing “safety and screening” study to check all parameters, including infections, liver functions, possible exposure to Covid-19 or similar infectious diseases before being administered the vaccine. “After an all-clear, the subjects would be given what we call a ‘naïve’ … [Read more...] about The Speed Read: India begins local Covid-19 vaccine clinical trial; Russian vaccine to debut next month
This, the RBI said, was “grossly insufficient to fully pay all its depositors considering the position that approx 78% of the advances (where 56.33% of its deposits were deployed) are non-performing and therefore cash flows are severely constrained”. … [Read more...] about Delhi HC asks RBI to decide on those seeking withdrawal of money from PMC Bank
The move would affect about $30 billion in pension fund assets and exchange-traded funds that track the index. Other stocks will be forced out of the 50-member gauge. Swire Pacific Ltd. is one name seen at risk. Other possibilities include Sino Land Co. and CK Infrastructure Holdings Ltd. due to their relatively low free-float-adjusted market cap and small trading volumes, CGS-CIMB analysts said in a note last month. … [Read more...] about Hong Kong’s benchmark index poised to include tech giant Alibaba