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NEW DELHI: India on Monday set in motion steps to end decades of state control over nuclear power, by introducing a bill in parliament that would allow private firms to build and operate plants as the government seeks to make atomic energy central to its clean energy push. Foreign companies in a joint venture with Indian companies could apply for a licence if selected to do so by the government. India's nuclear sector has been tightly guarded since its first reactor went online in 1969, shaped ...Read More >
MUMBAI: ICICI Bank has rolled back its rule requiring new savings accounts opened after Aug 1 to maintain a monthly average balance (MAB) of Rs 50,000 and has revised the threshold to Rs 15,000. The move follows a social media backlash against the higher balance requirement, which was criticised for making banking exclusive.The bank said it has revised its schedule of charges and MAB requirements following customer feedback. The changes do not apply to salary accounts, senior citizens above 60 y ...Read More >
New Delhi: In a significant policy shift, the government is preparing to allow private companies to mine, import, and process uranium, marking the end of a decades-long state monopoly in the country's nuclear sector. This strategic move aims to boost nuclear power production and attract substantial private investment, with the potential to meet 5% of India's total electricity demand if expansion targets are realized. According to the reports, the Narendra Modi-led government has set ambitious ...Read More >
New Delhi: Uranium is one of the critical raw materials for nuclear weapons, and today, it stands at the center of global concern among the world's major powers. The recent Iran-Israel conflict is the latest example of this. Israel, during the 12-day-long war, launched brutal attacks on Iran's nuclear facilities, fearing that Iran was getting dangerously close to developing a nuclear bomb. The world today knows that whoever controls uranium holds the key to becoming a nuclear power. Australia h ...Read More >
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