proposed | Common News Update

Mar292021 by adminNo Comments

New Mexico sues US over proposed nuclear waste storage plans

Technology

New Mexico is suing the U.S. Nuclear Regulatory Commission over concerns that the federal agency hasn’t done enough to vet plans for a multibillion-dollar facility to store spent nuclear fuel in the stateBy SUSAN MONTOYA BRYAN Associated PressMarch 29, 2021, 9:30 PM• 4 min readShare to FacebookShare to TwitterEmail this articleALBUQUERQUE, N.M. -- New Mexico sued the U.S. Nuclear Regulatory Commission on Monday over concerns that the federal agency hasn’t done enough to vet plans for a multibillion-dollar facility to store spent nuclear fuel in the state, arguing that the project would endanger residents, the environment and the economy.New Jersey-based Holtec International wants to build a complex in southeastern New Mexico where tons of spent fuel from commercial nuclear power plants aro...

Sep202020 by adminNo Comments

Trump gives ‘blessing’ to proposed deal to save TikTok in the US

Technology

Donald Trump says he has given his "blessing" to a proposed deal that could prevent TikTok from being banned in the US.He told reporters at the White House he is backing a deal with Oracle and Walmart that would create a new company to oversee TikTok's US operations. Mr Trump said the new company would be "totally controlled by Oracle and Walmart".People in the US were set to be banned from downloading the video-sharing app - as well as another Chinese app, WeChat - on Sunday, following White House concerns about the security of user data. Image: Donald Trump said he has approved the deal 'in concept' An earlier statement from the US commerce department said: "The Chinese Communist Party (CCP) has demonstrated the means and motives to...

Jul302020 by adminNo Comments

Deadline for proposed Lakshmi Vilas Bank-Clix Capital merger due diligence extended till Sept 15

Finance

KOLKATA: Lakshmi Vilas Bank and non-bank lender Clix Capital, who have been exploring merger, have mutually decided to extend the deadline for completing the mutual due diligence till September 15. The previous deadline is expiring on Friday. Auditors of the bank, meanwhile, have cast doubts on whether the bank can continue as a going concern if its merger talks with non-bank lender Clix Capital fails. "There may be slight delay in the mutual due diligence and preparation of documents for regulatory requirements due to Covid situation and travel restrictions. Hence, both the parties mutually agreed to extend the exclusivity period till 15th September 2020," the bank said on Thursday evening. "Despite logistical challenges arising due to Covid-19 situation, we have made significant progress...

Jul242020 by adminNo Comments

Groups push to remove proposed funding for nuclear testing

Technology

A defense spending bill pending in Congress includes an apology to New Mexico, Nevada, Utah and other states affected by nuclear testing over the decadesBy SUSAN MONTOYA BRYAN Associated PressJuly 24, 2020, 10:12 PM4 min readALBUQUERQUE, N.M. -- Deep within a multibillion-dollar defense spending measure pending in Congress is an apology to New Mexico, Nevada, Utah and other states affected by radiation from nuclear testing over the decades. But communities downwind from the first atomic test in the New Mexico desert on July 16, 1945, are still holding out for compensation for health effects that they say have been ongoing for generations due to fallout from the historic blast. So far, their pleas for Congress to extend and expand a federal radiation compensation program have gone unanswe...

Jul122020 by adminNo Comments

IL&FS may add another road asset to proposed InvIT list

Finance

Facing delays in finalising bidder due to COVID-19, cash-strapped IL&FS Group is looking at including one more road project - Pune Sholapur Road Development to its proposed infrastructure investment trust (InvIT), according to a source. It had earlier shortlisted nine road projects with a total debt of around Rs 10,800 crore on the proposed InvIT platform and sent it to market regulator Securities and Exchange Board of India. The approval for the same is awaited. PSRDCL is one of the 10 road projects of the group for which binding bids were received in August 2019. There were four bidders in the fray for this road asset. The names of the bidders could not be ascertained. However, as the finalisation of bidder for Pune Sholapur Road Development Company Limited (PSRDCL) was taking time ...