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Wednesday, May 11, 2022

Govt lets coal mines hike output without feedback

The environment ministry has allowed coal mines with clearances to increase output by 40% to step up production by up to 50% without seeking feedback from locals, it said in a memo reviewed by Reuters. The decision was taken after a request from the coal ministry which pointed to "huge pressure on domestic coal supply in the country," the ministry said in a memo dated May 7, adding that the "special dispensation" will be valid for six months.

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Russia freezes Deutsche Bank, Commerzbank, UniCredit assets

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