nuclear-news

Little chance that USA will get India to really change its Nuclear Liability Act

Insuring nuclear power  The Financial Express | January 12, 2015 Given the relatively low level of political capital it has in the Rajya Sabha, and the backdrop of the Bhopal gas tragedy and recent tragedies such as the Fukushima disaster in 2011, it seems unlikely the government is going to go out of its way to try and amend the Civil Liability of Nuclear Damage Act in a hurry—the Act has once again come to the forefront with US President Barack Obama coming to the Republic Day function.

Since no US firm is going to build nuclear plants in India until Section 17(b) of the Act allows the Nuclear Power Corporation of India Limited (NPCIL) to take action against them in case of a nuclear accident, revoking this has been on the US agenda for a long time. Apart from the political sensitivity around such an action, as finance minister Arun Jaitley acknowledged at a seminar on the Act earlier this week, both the BJP and the Congress had passed the Act—so changing an integral part of the Act doesn’t look as if it is on the cards…….http://www.financialexpress.com/article/economy/editorial-insuring-nuclear-power/28748/

January 12, 2015 - Posted by Christina Macpherson | India, politics international