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India and Russia plan to build nuclear reactors jointly – how does it impact India-US nuclear pact?
Anil Rane
Nov. 11, 2007

A deal for building four more nuclear reactors at Kudankulam in Tamil Nadu is now cleared by the both sides and is ready for official signatures from Indian and Russian counterparts. It will be signed between India and Russia during Prime Minister Manmohan Singh's visit to the country, a senior Kremlin official has said.

Four more nuclear reactors at Kudankulam will enhance its capability to six thousand megawatt from the initially projected 2,000 MW.

How does all these impact the India-US nuclear deal?

Not much, some experts say. India sees the US-India 123 agreement as an official entry to the nuclear club and a precursor to UN Security Council permanent membership. US sees it as a way to sell $100 billion of nuclear reactors to India whether India needs it or not – a lump sum corporate handout to General Electric and Westinghouse. It is also an indirect means of capping Indian nuclear ambition.

India sees $100 billion payment as the fee for legitimizing its nuclear infrastructure. India will continue to develop its Thorium based indigenous reactors and also collaborate with the Russians for building the main Indian reactors for the next several decades.



BIZ/FINANCE ARTICLES

India and Russia plan to build nuclear reactors jointly – how does it impact India-US nuclear pact?
Anil Rane
India will continue to develop its Thorium based indigenous reactors and also collaborate with the Russians for building the main Indian reactors for the next several decades.
READ MORE>>

Indian stock market now pegged to world indices with higher volatility – Sensex may drop below 14,000 before end of the year
Parth Sharma
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READ MORE>>

Another downward 500-point reversal in Sensex makes the index most volatile – can sensex really cross 20,000?
Babu Ghanta
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Indian central bank has reiterated its earlier stance of a complete ban on P-notes – the bubble in Sensex from P-notes is transparent –SEBI acts slowly with caution
Babu Ghanta
Right now the western FIIs are using the Indian stock markets as gambling pits with the help of P-notes. That are doing what they are not allowed to do in their own countries.
READ MORE>>

Foreign Institutional Investors (FIIs) does it again – Sensex zooms 879 points with speculative buying as SEBI gives in completely to FII demands but Sensex goes down down 515 points from intraday high
Lirit Chauhan
The bubble is massive. It looks bigger than the American bubble in 1929 and Japanese bubble in late eighties. The market probably will collapse with a 5,000 point single day crash which will be the start of multi-decade bear market.
READ MORE>>

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