Progress made in negotiations with US on nuke issue: India

January 22, 2015

New Delhi, Jan 22: India and the US negotiators have been making "progress" in trying to resolve the differences in operationalising the landmark civil nuclear deal ahead of President Barack Obama's arrival here on January 25 on a three -day visit, which is packed with high-voltage engagements.modi obama

Describing the three-day visit as "one of our most important diplomatic engagements in recent times", Spokesperson in the External Affairs Ministry Syed Akbaruddin said cooperation in key areas of defence, security, counter- terrorism and the situation in India's extended neighbourhood would be among the issues to be discussed between Obama and Prime Minister Narendra Modi.

Asked about the differences between the two sides on the nuclear deal, he said, "Our negotiators are working together in a collaborative manner in London. This is the third time the Contact Group, which was set up by the Prime Minister and the US President, is meeting in last nearly 45 days. One can see the element of effort going in the discussion on the nuclear issue, which is an extremely important issue..."

He said under the nuclear "rubric", the Group was discussing administrative arrangements, how to actualise India's quest for membership of Nuclear Supplier's Group and also issues related to clarification and understanding of our nuclear liability regime.

"What is being discussed is how within the four walls of our legal framework, our legislation, we can provide assurance to our partners in the US and any concerns that they may have either through their vendors or lawyers that is the discussion that is taking place right now in London," the Spokesperson said. Significantly, the talks, which started yesterday, have been extended by a day today.

Noting that "progress has been made" during the previous negotiations, the Spokesperson said, India was looking forward to "effectively" work with the US in the "extremely important" nuclear field.

The Indian liability law holds the suppliers directly liable in case of a nuclear accident while countries like France and the US have asked India to follow global norms under which the primary liability is with the operator.

Since all the nuclear power plants in the country are run by the government-owned Nuclear Power Corporation of India Ltd, following international norms will mean the government would have to pay for the damages in case of an accident.

Another contentious clause in the liability law was unlimited liability for which international companies will find it difficult to get insurers.

The two sides are working hard to have "excellent" outcomes during the visit of Obama, who will have a tight schedule including talks with Modi, attending Republic Day parade as the Chief Guest, meeting with business leaders, joint radio talk with Modi and a quick visit to Agra to see the iconic Taj Mahal.

Asked about the criticism that Obama's visit was seen as "just to see parade and visit the Taj", the Spokesperson said, "From our perspective, the US is a key partner for capital, technology, knowledge and skills in our development effort as also potentially important source of clean energy technology and hydrocarbons. It is an important partner in areas like defence technology and counter-terrorism."

"US is also an important factor in our space security and cyber security and a key interlocutor in adjustments to the global security and economic architecture including reforms of the UN Security Council," he said and also described it as a partner in the quest for a rule based, open international trading and economic order.

It is an important partner in India's efforts to seek peace and stability in our extended neighbourhood and globally, the Spokesperson added.

Giving details of Obama's schedule, he said apart from talks with Modi, and attending Republic Day function, the US President, along with Modi, will address business leaders and also hold joint radio talk with the Prime Minister.

Obama, who will accompanied by his wife Michelle, will also visit Taj Mahal in Agra before their return from here.

The Spokesperson also noted that there have been nine India-US bilateral dialogues since September and, in addition, there have been eight meetings relating to defence and security in such areas as cyber, border management, counter- improvised explosive devices, defence technology, trade initiatives and global entry programme.

"Also on the economic and commercial fronts, there have been three meetings on matters such as smart cities, financial regulations, etc. In the science and technology sphere, there have been three meetings on diverse subjects, including vaccination programme, scientific research collaboration on monsoon. There have been 10 MOUs signed in areas such as space, renewable energy, skill development and urban development to name a few," he said.

"Looking ahead, the potential for growth in our relationship is strong," Akbaruddin asserted.

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News Network
May 30,2020

Coronavirus lockdown in India has been extended till June 30 with more relaxations.

While the lockdown has been extended in containment zones, relaxations outside containment zones include reopening of religious places for public  from June 8. 

Hotels, restaurants and shopping malls also to open from June 8. Decision on opening educational institutions to be taken in July.
 

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News Network
June 20,2020

New Delhi, Jun 20: Diesel price on Saturday hit a record high after rates were hiked by 61 paise per litre while petrol price was up 51 paise, taking the cumulative increase in rates in two weeks to Rs 8.28 and Rs 7.62 respectively.

Petrol price in Delhi was hiked to Rs 78.88 per litre from Rs 78.37, while diesel rates were increased to Rs 77.67 a litre from Rs 77.06, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

The 14th daily increase in rates since oil companies on June 7 restarted revising prices in line with costs after ending an 82-day hiatus in rate revision, has taken diesel prices to new high. Petrol price too is at a two-year high.

Prior to the current rally, diesel rate had touched a peak of Rs 75.69 per litre in Delhi on October 16, 2018.

The highest-ever petrol price was on October 4, 2018, when rates soared to Rs 84 a litre in Delhi.

When rates had peaked in October 2018, the government had cut excise duty on petrol and diesel by Rs 1.50 per litre each. State-owned oil companies were asked to absorb another Re 1 a litre to help cut retail rates by Rs 2.50 a litre.

Oil companies had quickly recouped the Re 1 and the government in July 2019 raised excise duty by Rs 2 a litre.

The 82-day freeze in rates this year was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances.

The government on March 14 hiked excise duty on petrol and diesel by Rs 3 per litre each and then again on May 5 by a record Rs 10 per litre in case of petrol and Rs 13 on diesel. The two hikes gave the government Rs 2 lakh crore in additional tax revenues.

Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), instead of passing on the excise duty hikes to customers, adjusted them against the fall in retail rates that was warranted because of a decline in international oil prices to two-decade lows.

International oil prices have since rebounded and oil firms are now adjusting retail rates in line with them.

In 14 hikes, petrol price has gone up by Rs 7.62 per litre and diesel by Rs 8.28 a litre.

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News Network
June 10,2020

Chennai, Jun 10: DMK MLA J Anbazhagan who had tested positive for coronavirus and was on ventilator support from June 3 passed away at a hospital in Chennai on Wednesday.

Coincidently, today is the 62nd birthday of the MLA.

"Anbazhagan J, who has been fighting for his life with severe COVID 19 pneumonia rapidly deteriorated early this morning. In spite of full medical support including mechanical ventilation at our COVID facility, he succumbed to his illness. He was declared dead at 08:05 hours on the 10th of June 2020," the hospital said in a statement.

In 2001, Anbazhagan was elected from T Nagar Assembly constituency. He served for five years.

Later in 2011, he was elected to Tamil Nadu Assembly from Chepauk-Thiruvallikeni seat. The DMK leader was re-elected from the same constituency in 2016.

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