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A matter for debate.....
There is no way that India can conduct nuclear tests now,the Indian Government has given up hopes of testing nuclear devices in the future.
Since the beginning of this nuclear issue, the discussion has been revolving around India\'s commitment of voluntary moratorium on testing. Many countries were not satisfied with it. Even the Indian government started talking about that how Indian scientists have already obtained relevant data from the Pokhran tests. It was said that the government has been advised that India does not require to conduct nuclear tests. Public comments were made that now, computer simulation is sufficient to test devices. This shows that the government is reconciled about giving up nuclear tests. Rest of the fight was to avoid the backlash on the issue.
Somewhere, the government must have given the assurance that India doesn\'t require testing. The government has already said that India has the legal right to conduct nuclear tests and the United States has the legal right to react. The US has appreciated this statement. After a good amount of investment is done in the nuclear power sector, it will be difficult to return equipments, fuel, spares and resources. Because they have the right to react, your right to conduct tests is unlikely to be exercised at the cost of heavy economic fall-out.
The International Atomic Energy Agency has stipulated that once an imported power plant comes under the purview of safeguards, it will remain so till it is abandoned or it is unusable.
So, even if the fuel supplies are stopped, the power plants will be of no use to India.
The waiver obtained by India at Vienna will help Indian reactors get fuel. In that sense, it will be a great relief. It will help in the short term to mid-term prospects of the nuclear energy industry. But in the long run, it will be detrimental to India\'s research programme for thorium based technology.
The nuclear power plant suppliers are bound to influence India\'s policies, once they enter the market.
The world is not well tuned to thorium based energy programmes, so the enriched uranium based plants manufacturers will push India in a certain direction.
-Dr A N Prasad, former director of Bhabha Atomic Research Centre .
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In reply to:
India Inc hails NSG waiver, sees $40 bn potential
Posted by :
hembhat
Manmohan showed courage. NSG waiver would boost exports and production internally as power shortage issue can be addressed. We should start a new thread 'Will Nifty hit 6300 and Sensex 21000?' 
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Manmohan showed courage. NSG waiver would boost exports and production internally as power shortage issue can be addressed. We should start a new thread 'Will Nifty hit 6300 and Sensex 21000?'...
In reply to:
India Inc hails NSG waiver, sees $40 bn potential
Posted by : zoombusiness
As many as 400 Indian and foreign firms are seen as the beneficiaries of the far-reaching verdict in Vienna on Saturday where the 45-member Nuclear Suppliers Group (NSG) decided to resume civilian nuclear commerce with India.
India\'s apex industry bodies, which have hailed the decision, also feel that the country can now attract over $40 billion in foreign investment over the next 10-15 years as the result of private sector entry into India\'s nuclear power generation.
-toi-ians
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Manmohan showed courage. NSG waiver would boost exports and production internally as power shortage issue can be addressed. We should start a new thread \\\\...
In reply to:
India Inc hails NSG waiver, sees $40 bn potential
Posted by : zoombusiness
As many as 400 Indian and foreign firms are seen as the beneficiaries of the far-reaching verdict in Vienna on Saturday where the 45-member Nuclear Suppliers Group (NSG) decided to resume civilian nuclear commerce with India.
India\'s apex industry bodies, which have hailed the decision, also feel that the country can now attract over $40 billion in foreign investment over the next 10-15 years as the result of private sector entry into India\'s nuclear power generation.
-toi-ians
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The Hong Kong Tourism Board will be organising its largest trade mission in four Indian cities – Bengaluru, Chennai, Mumbai and New Delhi – between 8-12 September, 2008...
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Yatra.com, India's leading online travel company announced the expansion plans for its premium retail chain – Yatra.com Holiday Lounge in Maharashtra....
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As many as 400 Indian and foreign firms are seen as the beneficiaries of the far-reaching verdict in Vienna on Saturday where the 45-member Nuclear Suppliers Group (NSG) decided to resume civilian nuclear commerce with India.
India\'s apex industry bodies, which have hailed the decision, also feel that the country can now attract over $40 billion in foreign investment over the next 10-15 years as the result of private sector entry into India\'s nuclear power generation.
-toi-ians...
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N-Deal: India Inc sees $40 bn foreign investment
----------------------NEW DELHI: As many as 400 Indian and foreign firms are seen as the beneficiaries of the far-reaching verdict in Vienna on Saturday where the 45-member Nuclear Suppliers Group (NSG) decided to resume civilian nuclear commerce with India.
India's apex industry bodies, which have hailed the decision, also feel that the country can now attract over $40 billion in foreign investment over the next 10-15 years as the result of private sector entry into India's nuclear power generation.
"The go-ahead to the nuclear deal will signal the building of scores of nuclear plants in India on assured fuel supply," said Amit Mitra, the secretary general of the Federation of Indian Chambers of Commerce and Industry (Ficci).
"This will trigger the participation of 200 firms with capabilities to operate, and maintain nuclear plants, but put on the Entities List by the US in 2005 for perceived possession of technologies for nuclear plants or dual-use technology."
That list has since been pruned to about four, giving the 200-odd companies full play in nuclear power production.
"We expect another 200 medium and small firms to get into the act as ancillary producers to the big companies, thereby giving a new direction to efficient and cheaper power production in the country," Mitra added.
The NSG's decision to grant India a clean waiver from its existing rules, which forbid nuclear commerce with any country, which has not signed the Nuclear Non-Proliferation Treaty (NPT), came at its meeting in Vienna on Saturday afternoon.
The historic moment, which will end more than three decades of nuclear isolation for India, came after three days of intense diplomacy by the US and India in the nuclear cartel that controls the global flow of nuclear fuel and technologies.
"Today's development is a major confidence-building move for the international community to engage with India especially in high technology trade," said Chandrajit Banerjee, director general of the Confederation of Indian Industry (CII).
"It will provide opportunity for Indian manufacturers to supply spares and components to the global manufacturers of nuclear power plants besides providing business opportunities for Indian power plant construction companies."
The Associated Chambers of Commerce and Industry (Assocham) that had conducted a survey among 300 chief executives recently also says that 400 firms, domestic and international, may get a chance to build nuclear power plants.
An overwhelming 85 percent of the 300 chief executives polled held the view that modifications to India's Atomic Energy Act of 1962 could help the country to generate some 20,000 MWe (unit of nuclear power) by 2020.
The modification, which the chamber suggested should be immediate by way of a presidential notification, is necessary to facilitate the entry of the private sector in nuclear power generation. The act and the decades of India's nuclear isolation had resulted in capping the country's nuclear power generation capacities to an extent of just 3,900 MWe in over 60 years of independence.
As a result, out of a total installed generation capacity of about 145,000 MW of electricity, 70 is accounted for through thermal fuel and 20 percent by hydro, with nuclear energy contributing to just two percent. The remaining capacities come by tapping the various sources of non-conventional energy such as solar, wind, biomass and tidal waves.
Following the NSG waiver, the India-US nuclear deal will head for the US Congress, which meets Sep 8 to discuss and approve the 123 India-US bilateral pact to seal the negotiations that were started more than three years ago.
The two countries are expected to formally sign the bilateral agreement when Prime Minister Manmohan Singh goes to Washington towards the end of September, eventually restoring nuclear trade with the US after a gap of 34 years. The US and the rest of the world imposed economic sanctions when India first conducted its nuclear test in 1974.
ET...
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In a historic decision the 45-nation Nuclear Suppliers Group today awarded a clean waiver to India to deal in nuclear commerce. The decision, which ends India's three-decade nuclear isolation, came on the third day of marathon deliberations by the NSG countries following hard bargaining with the four major opponents China, Austria, New Zealand and Ireland.
Some media reports said U.S. President George Bush had spoken to Chinese President Hu Jintao to mobilise support for the consensus. Also, a statement by Minister for External Affairs Pranab Mukherjee saying India was committed to the strengthening the non-proliferation regime and will work with the international community to advance the "common objective" of non-proliferation, is said have borne fruits.
Media reports said than among the four opponents, the first country to be convinced by India's argument was Austria after which others followed suit. Soon after the consensus was worked out, President Bush called up Prime Minister Manmohan Singh to congratulate him. The International Atomic Energy Agency had earlier given a clearance to the deal. The 123-bilateral agreement between India and the U.S. is now expected to
be taken up by the U.S. Congress on Sep 8 for a final ratification of the nuclear deal.
...
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yo yo ! india tussi gr8 HO !
see da markets go boom BOOOM njoy :D
LT,,BHEL,AREVA,APIL,REL POWERTATA POWER, SIEMENS,ABB,NTPC,ROLTA....NUKE DEAL BENEFICIERIES.....
In reply to:
NSG meet approves nuclear waiver for India
Posted by : MMB Messenger
The 45-nation Nuclear Suppliers Group (NSG) has approved a US plan to engage in nuclear trade with India. Following the green signal by the NSG that will cement the Indo-US Civil Nuclear Deal, India has finally come out of the 34-year old nuclear apartheid.
The approval came after almost three days of meeting in Vienna on Saturday.
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...
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The 45-nation Nuclear Suppliers Group (NSG) has approved a US plan to engage in nuclear trade with India. Following the green signal by the NSG that will cement the Indo-US Civil Nuclear Deal, India has finally come out of the 34-year old nuclear apartheid.
The approval came after almost three days of meeting in Vienna on Saturday.
...
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HI,
The left talks about Rights
What is the reaction of Them?
Will Karat will make a statement or will say internal matter of china?
Read this
"China bans mass prayers during Ramadan in restive province
Fri, Sep 5 02:48 PM
Authorities in China's Muslim-populated far northwest province of Xinjiang are seeking to prevent mass prayers and the distribution of religious material as part of a security crackdown for Ramadan, government notices said.
A series of attacks on police in the province around last month's Beijing Olympic Games left more than 20 officers and security guards dead, and at least as many attackers killed or arrested, in the biggest unrest there in years.
As the Muslim fasting month of Ramadan began, local governments this week issued orders to clamp down on security in the region and stop its ethnic Muslim Uighur population from using the holy month to foment further unrest.
"Faced with recent violent and disruptive activities by religious extremists, separatists and terrorists, we must... step up ideological education of religious leaders and followers," a notice posted on Xinjiang's Zhaosu county website said.
The county government prohibited government officials, Communist Party members, teachers and students from observing Ramadan, while warning that "any person caught forcing another to observe Ramadan" would be punished.
"We must timely warn and stop religious believers from organising and planning large scale prayer groups and prevent any large crowd incidents that could harm social stability," said a notice on the Xinhe county website.
...
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well, I really hope that as per the scenario they address the supply situation more now,as by addressing only the demand situation you are demotivating suppliers to supply more.
If you remember cement companies in 2006-07, what happened to them?
Today many of them are thinking about whether to expand their operations or not? Large players are about to complete their expansion operations.
I am happy that RNRL has plans to enter cement sector in a big way which will ensure proper supply in coming years as they always come up with large scale and large volume plans.
Govt. should plan in such a way that supply gets encouraged and RBI doesnt have to address moderating demand situation in the country.
...
In reply to:
NEW GOVERNOR
Posted by : zoombusiness
Duvvuri Subbarao takes charge as 22nd governor of RBI today. He succeeds
Y.V. Reddy, who served as the head of RBI for five years from Sep 6, 2003.
In a ceremony at RBI\'s central office, in Mumbai, Subbarao will sign the scroll
having the oath of secrecy. Financial markets are anxiously awaiting his
comments on his immediate agenda amid concern he could continue the hawkish
stance on interest rates and liquidity to contain inflationary pressures.
Meanwhile, Reddy, who has strong academic inclinations, indicated that he will
go back to teaching in Hyderabad.
Subbarao to assume charge by signing scroll. 3PM.
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praise laloo gets the aid.preys trades on misery of the flooded.jai bo lo laloo ki.run down nitish,practising the pavlovian effect....
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The deal is quite on the way to happen & i dont think there is any early election sort of things. Mwhaha people are stretching their imagination to the wildest. ;))...
In reply to:
What will the NSG outcome be? Experts speak
Posted by : MMB Messenger
Gautam Adhikari, Editorial Advisor at The Times of India sees strong chances of early elections if the government can pull the nuclear deal off. Rajiv Sikri, Former Secretary of The Ministry of External Affairs feels the NSG or Nuclear Suppliers Group may go on with what the US wants and does not rule out some delay in the NSG decision.
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