India-US Nuclear Deal

Discussion on India's Investment in USA's Upstream Oil & Gas Sector
  • Indo-US civil nuclear deal initiated in 2005 was considered in consistent with Indian law and international legal obligations says PM.
  • The nuclear logjam was cleared by transferring the risk assessment to the commercial operators and suppliers GE-Hitachi and Westinghouse.
  • Civilian nuclear deal was stalled after the US objected to India's Compensation for Nuclear Liability and Damage law of 2010. As US felt the law indemnifies the companies suppling nuclear reactors and parts to India beyond what was required by international law or convention on Supplementary compensation.
  • Proposal involved insurance pool with a liability pool of $200 million which would drive the cost of building the reactors.

Exams Perspective:

  1. What is Nuclear Liability and Damage law,2010?
  2. What is Convention on supplementary compensation?