Clean Core Thorium Energy was granted an export licence last week to commercialise the fuel based in thorium, of which India has vast reserves. Firm is now looking for regulatory approvals.
India's target is to generate 100 GW of nuclear energy capacity by 2047, and US-based Clean Core Thorium Energy seems to have found a way to reach the goal.
Iran has been enriching uranium to up to 60% purity since April 2021. Three months ago, it started enriching to 60% at a second site, Fordow, which is dug into a mountain.
Uranium’s gains have been spurred by mine shutdowns that have wiped out a third of annual global output when demand from power plants has remained stable.
A meeting between France, Germany and the UK concluded that Iran’s uranium cap breach was not significant enough to initiate the non-compliance clause.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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