nuclear-news

India signing the CSC (Convention on Supplementary Compensation) was pushed for by the US-India Business Council when India-American Richard Verma was their lobbyist. It finally was ratified a little over a year after Verma became US Ambassador to India.

Link http://youtu.be/dEElEnb8qlo
More details about Verma here: https://miningawareness.wordpress.com/2015/01/28/westinghouse-is-japanese-toshiba-not-american-for-16-years/

“India ratified the Convention on Supplementary Compensation for Nuclear Damage (CSC) in February 2016, and the U.S. government and the GOI have agreed that India’s 2010 domestic Civil Liability for Nuclear Damage Act (CLND) is compatible with the CSC. Some U.S. suppliers, however, still have concerns about the interpretation of the CLND and its channeling of liability exclusively to the operator. To alleviate supplier concerns, India has created an insurance pool for nuclear operators in India and for foreign suppliers with a liability cap of 15 billion Indian Rupees ($226 million).”
http://trade.gov/topmarkets/pdf/Civil_Nuclear_India.pdf.
The nuclear operator insurance pool cap ($226 million) created…