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NGT clears way for reopening Sterlite copper smelter; Tamil Nadu govt to move SC

Saturday, December 15, 2018, 9:03 PM

The National Green Tribunal ordered the reopening of Vedanta's Sterlite Industries Ltd's copper smelter plant in Tamil Nadu's Thoothukudi, months after the smelter was ordered shut by the Tamil Nadu government over alleged pollution that led to violent protests and culminated in police opening fire on demonstrators and killing 13. The Tamil Nadu government will move the Supreme Court against the NGT's order.
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India, France review pact to build nuclear reactors

Saturday, December 15, 2018, 9:01 PM

India and France on Saturday reviewed the progress of a preliminary pact to build six nuclear power plants producing 10 gigawatts of energy to power Asia's third-largest economy. The review was under taken by Indian foreign minister Sushma Swaraj and visiting French foreign minister Yves Le Drian in New Delhi. The court also rejected petitions for an investigation into the Rs 59,000 crore deal.
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RBI's solution for MSME loan woes: Public credit registry

Saturday, December 15, 2018, 9:00 PM

The RBI preferred fundamental changes to smoothen loan flow to micro-businesses through a public credit registry, rather than doling out forbearances, deputy governor Viral Acharya said. The statement comes almost a month after the central board "advised" the monetary authority to consider a restructuring scheme for loans up to Rs.25Cr for stressed standard assets of borrowers from the micro, small and medium enterprise sector.

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