Defaulted Company Wins Bid to Sell $53 Million More in Debt

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(Bloomberg) -- A company building a novel factory in California that has defaulted on its debt payments won the state’s approval Tuesday to sell an additional $53 million in tax-exempt bonds.

Defaulted Company Wins Bid to Sell $53 Million More in Debt

40 Lakh People Kept Under Surveillance For COVID-19 Contact-Tracing: Centre In Rajya Sabha

40 Lakh People Kept Under Surveillance For COVID-19 Contact-Tracing: Centre In Rajya Sabha

The Minister of State for Health said there were 15,290 COVID-treatment facilities with 13,14,171 dedicated isolation beds till September 10. There are also 2,31,269 oxygen-supported isolation beds and 62,694 ICU beds (including 32,241 ventilator beds).

40 Lakh People Kept Under Surveillance For COVID-19 Contact-Tracing: Centre In Rajya Sabha

Around 40 lakh people kept under surveillance as a part of contact-tracing efforts amid covid

New Delhi:

Around 40 lakh people have been kept under surveillance as a part of the contact-tracing efforts in the country and 5.4 crore samples were tested for coronavirus till September 10, Union minister Ashwini Choubey told the Rajya Sabha on Tuesday.

The Minister of State for Health said there were 15,290 COVID-treatment facilities with 13,14,171 dedicated isolation beds till September 10. There are also 2,31,269 oxygen-supported isolation beds and 62,694 ICU beds (including 32,241 ventilator beds).

Guidelines on clinical management of COVID-19 have been issued and are being updated regularly. States are being supported in terms of supply of logistics, Mr Choubey said.

So far, 1.39-crore PPE kits, 3.42-crore N-95 masks, 10.84-crore hydroxychloroquine tablets, 29,779 ventilators and 1,02,400 oxygen cylinders have been supplied to state and central government hospitals till September 10, according to the minister.

More than 30 vaccine candidates have been supported and they are in different stages of development. Three candidates are in advanced stage of Phase I, II and III trials, and more than four are in advanced pre-clinical development stage, Mr Choubey said.

A national expert group on vaccine administration for COVID-19 has been constituted on August 7 under the NITI Aayog. Thirteen clinical trials of repurposed drugs have been undertaken to build a portfolio of therapeutic options for coronavirus patients, he said.

"The government of India has taken a series of actions to prevent, control and mitigate the impact of COVID-19. India followed a whole-of-government and whole-of-society approach," Mr Choubey said.

The Prime Minister, a high-level group of ministers (GoM), cabinet secretary, committee of secretaries and Health Ministry officials continue to monitor the public health response to COVID-19 in the country, he said.

"The public health actions were taken in a pre-emptive, pro-active, graded manner based on the evolving scenario," the minister said.

Mr Choubey pointed out that a number of travel advisories were issued to restrict the inflow of international travellers before commercial flights were suspended on March 23.

Till then, a total of 14,154 flights with 15,24,266 passengers have been screened at airports. Screening was also done at 12 major and 65 minor ports and land border crossings, according to Mr Choubey.

"In the initial part of the pandemic, India evacuated a large number of stranded passengers from then COVID-affected countries (China, Italy, Iran, Japan, Malaysia) and again in the un-lockdown phase, a total of 12,43,176 passengers have been brought back (as on September 9) and followed up," he said.

The Integrated Disease Surveillance Programme (IDSP) is conducting contact tracing through community surveillance. In the earlier part of the pandemic, this was done for travel-related cases and subsequently for cases being reported from community as a part of containment strategy.

"As on September 10, a total of about 40 lakh persons have been kept under surveillance. There are 1,697 laboratories conducting COVID-19 testing," he said. "India is testing is about 1 million samples a day. A total of 5.4 crore samples have been tested so far (as on 10th September)."

The number of people under treatment for COVID-19 includes 1,14,984 in Maharashtra, 54,064 in Karnataka, 32,972 in Tamil Nadu, 24,593 in Uttar Pradesh and 5,066 in Delhi (till Sep 11), 36,217 in Andhra Pradesh (till Sep 10), according to Choubey.

The country saw 33,406 cases of coronavirus and 1,109 fatalities in April, while it registered 1,995,178 cases and 28,777 deaths in August, the minister added.
 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Defaulted Company Wins Bid to Sell $53 Million More in Debt

[UPDATE] PM: Energy business not dying but changing

[UPDATE] PM: Energy business not dying but changing

A committee of corbeaux gather around a pump jack as if it was a dying animal on Wilson Road in Penal on Tuesday. The Central Bank in its economic bulletin on Tuesday noted decreases in oil production in the second quarter of 2020. - Lincoln Holder
A committee of corbeaux gather around a pump jack as if it was a dying animal on Wilson Road in Penal on Tuesday. The Central Bank in its economic bulletin on Tuesday noted decreases in oil production in the second quarter of 2020. - Lincoln Holder

JULIEN NEAVES AND NARISSA FRASER

THE Prime Minister is assuring that TT's energy sector is still very much alive and that Government "will not abandon it overnight."

"If the question really is whether we are in a business that is dying the answer is 'no.' The business might change a bit but given the continued need for global energy there will be in the foreseeable future some demand for hydrocarbon products, even though the expectation is that that demand will be dampened a bit."

He made the statement Tuesday morning while discussing the return of the Invictus Deep Water Rig and the BHP Broadside Well at a media conference.

He said the covid19 pandemic has caused energy sectors regionally and internationally to "fall upon difficult times," but the drilling of the new well shows TT is continuing to push boundaries.

"We must remain mindful of the shifts (in the sector) and targets of many of our energy companies moving towards carbon neutrality and do our best as the government to lead and support the efforts to become more sustainable." He said "cautious optimism" is necessary, describing the drilling of the new well as a milestone.

"The energy sector is still alive despite what some may say or choose to believe. While we are pushing our boundaries in other areas, we are not going to abandon our energy sector overnight. We must acknowledge our strengths and play to them whilst developing new strengths in other areas.

"I'm sure neither BHP nor the government of TT is going to let years of work and investment go down the drain."

He said TT is approaching the fourth quarter of 2020 and reporting activity now which would have been spawned from activity five to six years ago.

"And you would have heard us talking (today) about blocks being considered for 2026. Well I trust that we are not going to be in a situation to be covid-bound or covid-controlled in 2026."

He said Government is cognizant of the fact there is a changing market for hydrocarbon products and an intention to reduce some consumption or replace it with new energy sources.

"There will be changes moving forward. However notwithstanding all of this the projections are that in the medium term of the decade and decades ahead that there still will be a hydrocarbon market. And that is why the work we are doing now the product (from it) will find it's way into that market."

He explained the investigative and exploratory work are to replace what is being consumed now in a continuing consumption curve "even if the curve may not be as high this year and maybe next year.

"We anticipate that there will be a hydrocarbon market and we would like to be a supplier to that market however the market falls, even if it may not be the only product being used or the prices may not be the same. But once the market exists some kind of pricing will be there and to do that, to be there in a future market, you have to do all this work now."

Owing to the state of the global energy industry a number of plants at the Point Lisas Industrial Estate were closed.

In March Finance Minister Colm Imbert announced Government would revise its budget oil price estimates of US$60 per barrel to US$40 per barrel and natural gas from US$3 to US$1.80 per mmbtu. In June during the mid-year budget review Finance Minister Colm Imbert said due to Government’s prudent economic management, TT was in a good place despite the dual shocks of lower energy revenues and covid19.

This story was originally published with the title "Rowley: Govt will not abandon energy sector " and has been adjusted to include additional details. See original post below.

THE Prime Minister is assuring that TT's energy sector is still very much alive and that government "will not abandon it overnight."

He made the statement Tuesday morning, while discussing the return of the Invictus Deep Water Rig and the BHP Broadside Well at a press conference.

He said the covid19 pandemic has caused energy sectors regionally and internationally to "fall upon difficult times," but the drilling of the new well shows TT is continuing to push boundaries.

"We must remain mindful of the shifts (in the sector) and targets of many of our energy companies moving towards carbon neutrality and do our best as the government to lead and support the efforts to become more sustainable." He said "cautious optimism" is necessary, describing the drilling of the new well as a milestone.

"The energy sector still alive despite what some may say or choose to believe. While we are pushing our boundaries in other areas, we are not going to abandon our energy sector overnight. We must acknowledge our strengths and play to them whilst developing new strengths in other areas.

"I'm sure neither BHP nor the government of TT is going to let years of work and investment go down the drain."

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"[UPDATE] PM: Energy business not dying but changing"

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