India

India Bails Out The Maldives News ad

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India Bails Out The Maldives News ad

India last month extended the fiscally precarious Maldives a $50 million interest-free loan, helping stave off a potential default on $500 million in Sukuk bonds. The loan will support coupon payments due this month. The bonds, issued in 2021, were subscribed by countries including Egypt, Pakistan, South Africa and the UK. Sukuk bonds comply with … Read more

India greenlights $1.3b incentive plan to boost electric vehicle adoption – Newsad

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India greenlights .3b incentive plan to boost electric vehicle adoption – Newsad

NEW DELHI: India’s cabinet has approved a scheme to spend 109 billion rupees ($1.3 billion) on incentives for the adoption of electric vehicles in its efforts to curb pollution and move towards cleaner fuels. The PM Electric Drive Revolution in Innovative Vehicle Enhancement, or PM E-DRIVE, scheme will give subsidies worth 36.79 billion rupees on … Read more