Skip to content
Search

Latest Stories

Indian Court Takes Vedanta Closer To Restart Its Copper Smelter

In a relief to mining giant Vedanta, India’s environment court on Saturday (15) has set aside Tamil Nadu state government’s order to shut Vedanta’s copper smelter permanently.

The new move of the country’s environment court, National Green Tribunal (NGT) takes the firm closer to restart its plant in the Southern Indian coastal town, Thoothukudi.


The new ruling from NGT came months after it was closed by Tamil Nadu state government following environmental pollution allegations.

The government decided to close the plant permanently after violent protests in May this year which ultimately resulted in police firing on demonstrators killing 13 innocent lives.

NGT asked Tamil Nadu State Pollution Control Board (TNPCB) to pass anew order of renewal for Vedanta’s copper smelter within three weeks. It also asked the firm to utilize Rs 1 billion within a period of three years for the welfare of local residents in the area where the smelter is located.

A committee of experts formed by the tribunal in November said that the concerned authorities in Tamil Nadu failed to comply with the procedures before closing the smelter.

Tamil Nadu’s environment minister, KC Karuppannan, said the state would approach Supreme Court with an appeal against the latest verdict.

Clearing his stand on the latest court order the minister added that their stand is clear and they do not want to reopen the smelter.

More For You

IMF

Cash-strapped Pakistan is currently participating in its 24th IMF programme

Getty Images

IMF approves £900 million to Pakistan highlighting economic stability despite floods

Highlights

  • Pakistan to receive £750 m under Extended Fund Facility and £150 m under climate resilience programme.
  • IMF praises Pakistan's strong programme implementation and macroeconomic stability-.
  • Country's gross reserves increase to £10.8 bn from £7.05 bn a year earlier.

The International Monetary Fund (IMF) has approved a fresh disbursement of approximately £900 m ($1.2 bn) to Pakistan, acknowledging the country's efforts to maintain economic stability despite facing devastating floods.

The IMF Executive Board granted approval under a dual-track bailout arrangement during a meeting in Washington on Monday. Pakistan will receive £750 m ($1 bn) under the 37-month Extended Fund Facility (EFF) and £150 m ($200 m) under the climate-focused Resilience Sustainability Facility (RSF).

Keep ReadingShow less