Nuclear Suppliers Group (NSG) Waiver deal is signed and sealed.
Nuclear Suppliers Group (NSG) on September 06, 2008 agreed to grant India a “clean waiver” from its existing rules, which forbid nuclear trade with a country which has not signed the Nuclear Non-Proliferation Treaty (NPT).
Full credit should go to Mr Kakodkar and the current Pm Mr Manmohan Singh for not buckling under pressure , the men behind pushing this deal. And not just him to others before him like Mr Vajpaye, who announced the testing moretorium and showed the World that India was a responsible nuclear state, without which this deal would not have been possible.
It is definitively a positive step in the right direction as, for the first time in decades, it at least theoretically giving India access to much needed and previously denied technological know how and materials including the very scarce but heavy metal called Uranium. But as in all international treaty s there are still lots of unanswered questions and things one needs to ponder about.
Is this the best deal India could get at this juncture ? or are we willy nilly being straight jacketed unwillingly into the NPT regime thaks to the one sided 123 agreement are some poignant questions still left unanswered as many points have been interpreted differently in both the Us and India . The NSG deal does not give India the status of a full Nuclear state accorded to the big 5 states in the Nuclear club .
The Chinese who outwardly depicted playing a very positive to neutral role have played a very intelligent silent negative game in the background.
This deal was pushed through mainly because of American diplomatic intervention at the highes levels and it is a matter to be seen if members of the Nuclear suppliers group moreso members such as Austrialia which has deep trading relations with China will oblige by directly supplying India with Uranium without Americas explicit backing or pressure independent of the 123 agreement.
Lastly whatever the rhetoric of Dr Spynx and Baba – who want to portray that this is a Alladin ka chirag during the next general elections, this deal does not sort out the energy woes of this country in a hurry. Remember Modi won thanks to his reforms including the state power reforms, more than his Hindutwa brand.
Nuclear energy is expensive energy and Uranium prices have never been stable or cheap in recent times.
Though we could start running current bunch of reactors at almost full capacity thanks to the additional supply, the fruits of this deal will only accrue, at best in a decades time.
In the mean time India faces a stifling energy crisis and India better attempt to focus on getting its house in order, by implementing some Power Sector Reforms and dealing with the poor state of the almost bankrupt State SEBs thanks to a warped subsidy policy, heavy politicization and free electricity promises, heavy corruption and rampant pilferage or theft including unpaid bills by some lawmakers thanks to the Babu Neta Raj and the almost fullstop on Power sector reforms.
As it is, the govt has hardly augmented capacity and currently the cost of producing electricity and distributing it far outweighs the actual revenues, giving little incentives to the private players to start new pvt power plants based on conventional sources.