Showing posts with label Nuclear Suppliers Group. Show all posts
Showing posts with label Nuclear Suppliers Group. Show all posts

Tuesday, September 09, 2008

DEAL DONE, NOW FOR THE DEALS

From steam turbines to high-technology reactors, India’s power sector companies are set to reap a bonanza after the government, last weekend, won backing of the 45-nation Nuclear Suppliers Group to trade in atomic fuel and technology in the global market.

Companies like BHEL, NTPC, Tata Power and Larsen and Toubro are eyeing a raft of high-value contracts and joint ventures, the promise of which fuelled a stock rally on Monday. The Bombay Stock Exchange’s 30-share Sensex rose 461 points, or 3.2 per cent, on the back of a surge in stocks of power and equipment manufacturing companies.

Hindustan Times

Sunday, September 07, 2008

NSG WAIVER TO OPEN NUCLEAR COMMERCE WITH SEVERAL COUNTRIES

Welcoming the NSG waiver, former National Security Advisor Brajesh Mishra today said it would open nuclear commerce with several countries and also strengthen Indo-US ties.

One, it opens up nuclear commerce with so many countries which has been prohibited since the last few decades ... Second, it brings India and US close to each other ...


The Economic Times
NUCLEAR SUPPLIERS CLEAR LANDMARK US-INDIA DEAL

The United States finally persuaded supplier nations Saturday to lift a 34-year-old embargo on nuclear trade with India, following weeks of tough negotiations. The US described the breakthrough on the third consecutive day of talks as an "historic" and "landmark" deal that would boost nuclear non-proliferation, while enabling India to meet its huge needs with low-polluting energy.

India called the agreement an "important step" in normalising its relations with the rest of the world that would help meet the challenge of climate change and sustainable development. The Nuclear Suppliers Group (NSG), which controls the export and sale of nuclear technology, reached consensus on a one-off waiver of its rules for India, which refuses to sign the Non-Proliferation Treaty.

AFP

Saturday, August 02, 2008

IAEA CLEARS INDIA INSPECTION PLAN, BOOSTS US-INDIA DEAL

Governors of the UN nuclear watchdog approved an inspections plan for India by consensus on Friday, a key step towards finalising a US-Indian nuclear cooperation deal. The accord would open up to India the world market in atomic materials and technology for civilian use, but is controversial since New Delhi has conducted nuclear test explosions and never joined the global Non-Proliferation Treaty (NPT).

The Economic Times