Smoke rises from a chimney as electricity pylons stand at a thermal power station in India. Photographer: Dhiraj Singh/Bloomberg

Quashing Of RBI’s Feb. 12 Circular To Help Thermal Power Plants, Says Official

The Supreme Court’s order to quash Reserve Bank of India’s Feb. 12 circular on defaulting companies will offer immediate relief to commissioned thermal power plants with up to 15,000 megawatt capac...