
India to build nuclear power plants in this state bordering Pakistan, government approves...
What comes as good news for Rajasthan, a state bordering Pakistan, is that a major nuclear project is going to start in the state. The mega project also got the green light from India's nuclear regulator to build four 700 MW capacity units of nuclear power reactors in Mahi Banswara. AERB Approved The Project
After three levels of review, the Atomic Energy Regulatory Board (AERB) has approved the project site. These indigenously developed reactors will play a crucial role in meeting the country's energy needs.
After approving the project, the AERB stated that the consent will be reviewed again if the conditions are not followed. The Mahi Banswara project is being implemented by Anushakti Vidyut Nigam. It is a joint venture of NPCIL and National Thermal Power Corporation (NTPC). These Companies To Build Nuclear Power Plants
India's Nuclear Power Corporation of India Limited (NPCIL) and Bharatiya Nabhikiya Vidyut Nigam Limited (Bhavini) currently hold the authority to construct and manage nuclear power plants. A 2015 amendment to the Atomic Energy Act of 1962 enabled joint ventures between NPCIL and other public sector entities for this purpose. Meanwhile, ongoing genomic surveillance is monitoring for new COVID-19 variants. Current cases are reported as mild, and the public is advised to remain vigilant but not alarmed.
It is worth noting that India is the world's fastest-growing economy and it requires a significant amount of electricity. To meet the electricity needs of high economic growth and the requirement of 1.3 billion people, the country needs to make and take action on big plans, on which work is also being done rapidly. Coal Is The Major Source Of Energy
India primarily generates electricity from coal but is actively expanding its renewable energy sector, encompassing solar, wind, hydro, and biomass power. Nuclear power generation is also being developed.
India's nuclear power generation capacity has significantly expanded over the past decade, nearly doubling from 4,780 MW in 2014 to 8,180 MW in 2024. Further growth is projected, with a threefold increase to 22,480 MW anticipated by 2031-32. Thorium Reserve
Notably, India has an abundant reserve of thorium, which amounts to 21 percent of the global thorium. To make better use of the resource, indigenous projects such as Bhavani are being developed so that the dependency on importing uranium and other materials can be reduced.
Currently, as many as nine atomic power projects are under construction, while several others are in the pipeline will start in the coming years.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
an hour ago
- Mint
Tencent's Revenue Beats Estimates in Boost for AI Ambitions
(Bloomberg) -- Tencent Holdings Ltd.'s revenue beat estimates, bolstering investor expectations that its expanding gaming and social media portfolio will provide dry powder for an intensifying global AI race. Revenue for the three months ended June rose to 184.5 billion yuan ($25.7 billion), versus an average estimate of 179 billion yuan. Net income for the period came to 55.6 billion yuan, compared with projections for 50.8 billion yuan. China's most valuable company is accelerating spending on AI research and product rollouts after a string of rivals launched open-sourced models to compete with the likes of OpenAI and Anthropic. The Shenzhen firm counts on marquee gaming franchises and super-app WeChat to fund such initiatives. Yet a potential global downturn this year — coupled with the Trump administration's tariffs campaign – threatens to hurt Tencent's sprawling online businesses from payments to advertising and cloud computing. The world's biggest games publisher kicks off a closely watched earnings season for Chinese big tech firms, which are riding investor euphoria around the breakout success of DeepSeek. After years of regulatory scrutiny and Covid-era disruption, the country's biggest tech firms are once again ramping up deals and competing fiercely for users to propel growth. Like Big Tech in the US, much of the industry's attention is also focused on how to invest in AI — and monetize it. Tencent alone has gained more than $170 billion this year, though some analysts think it remains undervalued relative to peers such as Meta Platforms Inc. The company's AI efforts include integrating DeepSeek's R1 and own Hunyuan model into a suite of products and games, while renting out computing to clients keen to train or run AI systems. Yet its 30% gain in 2025 that trails Alibaba Group Holding Ltd.'s, whose Qwen family of models consistently ranks among the industry's top performers. What Bloomberg Intelligence Says Tencent's earnings growth is likely to decelerate to about 9% in 2Q, down from 25% during 1Q, following the seasonal peak in its domestic video game business. The internet giant should remain relatively unaffected by US tariffs, though its fintech and ad divisions remain exposed to potential second-order effects, should China's economic growth slow in 2H. Tencent's growth is set to normalize this year after an exceptional 2024, with earnings growth due to decelerate to the mid-teen percentage range. Geopolitical pressure and rising economic headwinds present risks to 2H, though Tencent is better positioned to navigate these than its e-commerce peers. Click here for the research. Tencent is trying to sustain growth at its games division, still the largest source of the company's revenue. It scored some of 2024's biggest hits from DnF Mobile to Delta Force. Beyond earnings, the market is looking forward to next Tuesday's launch of Valorant Mobile, a highly-anticipated smartphone version of Riot Games Inc.'s seminal title. The title should help drive Tencent's revenue from later this year through the first half of 2026, according to Goldman Sachs Inc. Other upcoming titles include an open-world game set in the Honor of Kings universe. The company is set to unveil new ones next week at Gamescom in Germany. It's also more focused on protecting margins than some of its rivals. Tencent has stayed out of an increasingly cutthroat battle in e-commerce, where Alibaba, Meituan and Inc. have sought to outspend each other with subsidies. The trio is slated to report earnings in coming weeks, starting with on Thursday. With a billion-plus users, WeChat remains Tencent's most dependable asset as it shoulders more burdens on monetization in areas from mini-games to advertising. The ubiquitous Chinese app is carrying more advertising within features like search and short-video feeds, chipping away at TikTok-owner ByteDance Ltd.'s key revenue stream. Yet WeChat Pay faces a renewed battle with Alibaba-affiliate Ant Group Co., which has garnered 100 million users for a tap-to-pay feature at stores and restaurants. Tencent hopes WeChat will remain the killer app of the generative AI era. Its unique ecosystem of mini-programs, executives argue, could evolve to become an operating system for agentic AI tools that autonomously perform tasks on behalf of users. The company has rolled out a series of AI tools for game designers to generate in-game avatars and assets. --With assistance from Luz Ding, Henry Ren, Vlad Savov, Ville Heiskanen and Amy Thomson.


News18
an hour ago
- News18
Will Govt Staff Get 18-Month Frozen DA Arrears? Here's What the Finance Ministry Says
Last Updated: Amid the COVID-19 pandemic, the central government put a hold on three instalments of dearness allowance to reduce financial strain during the economic disruption. During the COVID-19 pandemic, the central government froze three instalments of Dearness Allowance (DA) and Dearness Relief (DR) for its employees and pensioners. This decision came as a result of severe economic disruption and the need to reduce pressure on government finances. The move affected payments due from January 1, 2020, July 1, 2020, and January 1, 2021. The freeze prompted questions in Parliament regarding when the pending arrears would be cleared and the government's fiscal health during and after the pandemic. Member of Parliament Anand Bhadauria asked the government about the DA and DR arrears, seeking clarity on the reasons behind the freeze and the current status of payments. In response, the government explained that the freeze was necessary due to the pandemic's financial impact and the additional welfare measures undertaken to support citizens during that period. What is Dearness Allowance? Dearness Allowance (DA) is extra money given to government employees to help them keep up with rising prices. Dearness Relief (DR) is the same kind of support, but for pensioners, so inflation doesn't reduce their spending power. When asked whether the freeze was due to economic disruption and to ease pressure on finances, the government stated: 'The decision to freeze three instalments of Dearness Allowance (DA) / Dearness Relief (DR) to Central Government employees/pensioners due from January 1, 2020, July 1, 2020 & January 1, 2021 was taken in the context of COVID-19, which caused economic disruption, to ease pressure on government finances." On the question of the government's fiscal condition, the government clarified: 'The fiscal deficit of the government of India has narrowed from 9.2 per cent in the Financial Year (FY) 2020-21 to 4.4 per cent in the FY 2025-26 (Budget Estimates)." Regarding when the arrears of 18 months' DA/DR would be paid, the government explained that the economic impact of the pandemic, combined with additional welfare spending, left no room in the budget for these payments: 'The adverse financial impact of pandemic in 2020 and the financing of welfare measures taken by the Government had a fiscal spill over beyond FY 2020-21. Therefore, arrears of DA/DR were not considered feasible." This clarification comes amid growing talk about the 8th Pay Commission, which got approval from the Union Cabinet in January this year but hasn't been officially set up yet. Once the commission is formed, it will meet with stakeholders and prepare a detailed report, usually taking over a year. The report will suggest changes to salaries and allowances for central government employees. Typically, when a new pay commission is implemented, the DA is reset to zero. At present, under the 7th Pay Commission, DA is 55 per cent of basic pay. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


India.com
an hour ago
- India.com
7th Pay Commission: BIG update by Govt on payment of 18-months frozen DA arrears, says ‘decision was taken in…'
7th Pay Commission Big Update 7th Pay Commission: The issue, which has been repeatedly raised in both Houses of Parliament, came up again on 11 August 2025 when Samajwadi Party MP Anand Bhadauria questioned the government in the Lok Sabha. He asked whether the DA/DR freeze from January 2020 to June 2021 was imposed due to economic disruption and to ease pressure on government finances, and if so, whether the fiscal situation still remains under strain. He also asked why the government has not been able to maintain the robust fiscal condition it inherited in 2014, and by when it plans to release the arrears. 7th Pay Commission: What Govt Says On Frozen DA Arrears? Responding on behalf of the Finance Ministry, Minister of State Pankaj Chaudhary confirmed that the decision to withhold the three instalments of DA/DR due on 1 January 2020, 1 July 2020, and 1 January 2021 was taken to manage the severe financial stress caused by the pandemic. Chaudhary highlighted that the government's fiscal deficit has improved significantly, narrowing from 9.2% of GDP in FY 2020-21 to 4.4% in the FY 2025-26 Budget Estimates. However, he added that the economic impact of COVID-19 and the cost of welfare measures taken during the crisis had spillover effects beyond FY 2020-21, making it not feasible to pay the arrears. The adverse financial impact of pandemic in 2020 and the financing of welfare measures taken by the Government had a fiscal spill over beyond FY 2020-21. Therefore, arrears of DA/DR were not considered feasible, Chaudhary responded.