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Moneycontrol.com >> Message Board >> View Messages >> Politics
   You are here :     Moneycontrol     MMB    General      Politics                         Most active discussions of 2006 , 2007 & 2008
will left withdraw from UPA in day? (25)   08-Jul-08 00:02Tracked by (1)  
Posted by:   tally on ( 08-Jul-08 00:02 )
Dear radhika nandlal, nuclear deal is in our national interest and in no way jeopardises our security concerns. We have vast energy needs to maintain and sustain growth rates of 9-10%. These needs can only be met by adopting multi pronged energy strategy of developing all comercially developed sources of energy. In geopolitics there are no rougue or virtuous states. We ALL ARE GOVERNED BY NATIONAL INTEREST or Idology. For that reason left partes do not consider middle east countries as rougue states. In case India does not go for viable energy sources in a big and massive manner than crude will touch a high which many of us may find beyond comprehension. Nuclear deal does not prevent us from utilising existing nuclear plants consistent with our security needs or for that reason prevents us from nuclear testing. We do not become signatory to the NPT and allowed to import fuel for our nuclea plants from any NPT state icluding Russia. This is the main reason behind Russian support for the deal. China which has already similar deal with USA may be the only country which opposes the deal. Seeds of this deal were swon by main opp party and if it had remained in the power it would have proclaimed it as major acheivement. Opposition to the deal by left are due to its perception that the deal would push India to sphere of influence of USA which should be outright dismissed. I consider the treaty in absolute interest of India which has been drawn after lot of considerations and India gains far more than USA. If the deal isnot signed at this stage when it will bring our political system to disrepute and future pol parties will encounter tremendus difficulty in negociating any complex deals. I very sure crude is for massive correction to the tune of 40-50% but if country like India miss opportunities like this it may touch or exceed $200 a barrel & our growth rates nose dives to famous Hinhu rate of growth.
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