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Manmohan Singh off to Japan for a nuclear deal

Policy Watch: The PM’s nuclear dreams, May 27, 2013,  Agency: DNA, R N Bhaskar  Minister Manmohan Singh is off to Japan this week.  Among other things, he is expected to sign papers relating to a nuclear deal. If true, that would be most unfortunate. 

First, general elections are just round the corner. It is not appropriate for any government to sign high-priced deals just before elections are due. Unfortunately, politicians love making big-ticket expenses just before elections.  
Past experience has shown that even a small percentage as commissions can be hugely tempting.
Second, all the data currently available indicates that nuclear power is more expensive than coal based power
Third, except for France, which depends heavily on nuclear power, almost every country is reducing its dependence on nuclear energy.  In fact, as one of the two charts reproduced shows, the US itself has never depended on nuclear energy for more than 20% of its energy mix. Had this source of energy been cheap, it would have enjoyed a bigger share of the US energy basket…..

May 27, 2013 - Posted by | general

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