WikiLeaks: Indira had offered to share N-tech with Pakistan in 1974

April 10, 2013

IndiraNew Delhi, Apr 10: They are hostile neighbours widely seen by many as competing to have a bigger nuclear arsenal. However, after its first nuclear test in 1974, India offered to share nuclear technology with Pakistan. In her statement to Indian Parliament after the tests on July 22, Prime Minister Indira Gandhi said she had told her Pakistani counterpart, Zulfiqar Ali Bhutto, that New Delhi would be ready to share the relevant technology with Islamabad.

Quoting her statement the US embassy reported, as revealed by Wikileaks, "I have explained in my letter to Prime Minister Bhutto the peaceful nature and the economic purposes of this experiment and have also stated that India is willing to share her nuclear technology with Pakistan in the same way she is willing to share it with other countries, provided proper conditions for understanding and trust are created. I once again repeat this assurance."

The offer was extraordinary in its audacity, but equally in its foresight. The Indian offer came as Bhutto termed as insufficient Gandhi's assurance that tests were not meant to harm Pakistan. In his response to Gandhi, Bhutto said, many past assurances from India "regrettably remain unhonored". Testing of nuclear device is no different from detonation of a nuclear weapon, he wrote.

Pakistan tested a nuclear weapon for the first time in May, 1998 — a fortnight after India conducted its second nuclear test.

But Gandhi's offer to share nuclear technology with Pakistan was not the move of a potential nuclear proliferator. Instead, it showed the confidence of a leader who probably believed that India, after the test, could seamlessly become part of the international nuclear system, where New Delhi could become a legitimate nuclear supplier. Gandhi's confidence, as it turned out, was misplaced. India was immediately placed under a tough technology denial regime. In fact, the Nuclear Suppliers Group (NSG) was created as a result of the 1974 test precisely to keep countries like India beyond the pale. It took a hard-fought nuclear deal with the US to open that door for India in 2008.

But on July 22, 1974, Gandhi was looking ahead, and wanted to ensure that the craters formed by nuclear explosions could be used for strategic storage of oil and gas or even shale oil extraction. In her statement to Parliament, she seemed bemused by the international reaction to the first Pokharan test. "It was emphasized that activities in the field of peaceful nuclear explosion are essentially research and development programmes. Against this background, the government of India fails to understand why

India is being criticized on the ground that the technology necessary for the peaceful nuclear explosion is no different from that necessary for weapons programme. No technology is evil in itself: it is the use that nations make of technology which determines its character. India does not accept the principle of apartheid in any matter and technology is no exception."

Referring to Bhutto's letter, she scoffed at his suggestion that there was radioactivity leakage as a result of the test. "This was impossible as there was no venting of radioactivity to the atmosphere and no formation of a radioactive cloud. Moreover, the wind was blowing in the opposite direction as it normally does at this time of the year and even in theory, any hypothetical radioactivity could never have gone to Pakistan. The wind pattern on May 18, 1974 was from, repeat from, the south-west."

However, Gandhi remained ambiguous about weaponization of India's nuclear capability. In an interview to CBC, Canada, she had ducked the question. "If our scientists have the basic know-how, without which they couldn't have done this, then any government could have directed them to make a bomb if they had so desired," she had explained.

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News Network
June 2,2020

New Delhi, Jun 2: Congress leader Rahul Gandhi on Monday took a jibe at Prime Minister Narendra Modi over Moody's Investors Service downgrading India's sovereign rating to the lowest investment rate and said that the global rating agency has rated his handling of the country's economy "a step above junk".

"Moody's has rated Modi's handling of India's economy a step above JUNK. Lack of support to the poor and the MSME sector means the worst is yet to come," the Congress leader tweeted citing a media report on Moody's downgrading the nation.

On Monday, Moody's downgraded the country's rating to "Baa3" from "Baa2". This comes at a time when the government is facing criticism from the Opposition over its handling of the COVID-19 situation and measures to boost the economy.

The government has already announced a stimulus package of Rs 20 lakh crore to deal with the situation.

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News Network
January 17,2020

New Delhi, Jan 17: Deputy Chief Minister Manish Sisodia does not have any car on his name, according to information shared in the poll affidavit filed by him for Delhi elections.

In the affidavit, it is also shown that while his self-acquired immovable property remained roughly the same as in 2015. His wife's self-acquired immovable property is worth roughly about Rs 65 lakh, as per his latest affidavit.

In the papers submitted during the nomination for 2015 Delhi polls, the senior AAP leader had declared that he owned a Maruti Swift car of make 2013.

However, in his 2020 affidavit, he has mentioned "nil" in the column for motor vehicles and other means of transport.

In the affidavit submitted on Thursday, his moveable assets were declared worth Rs 4,74,888 for 2018-19, as against Rs 4,92,624 for 2013-14.

In 2015, Sisodia had informed in his affidavit that he had bought a property in Vasundhara, Ghaziabad, worth Rs 5.07 lakh in April 2001. The approximate current market value of self-acquired property in 2015 was Rs 12 lakh.

In his current affidavit, the AAP leader has mentioned the same property. However, the approximate current market value of self-acquired property in 2020 has increased to Rs 21 lakh.

In his affidavit for the 2015 polls, Sisodia had also said that his wife had purchased a property in March 2008 costing Rs 8.70 lakh. At that time, the approximate value of her self-acquired property was Rs 20 lakh.

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News Network
February 29,2020

New Delhi, Feb 29: India’s economy expanded at its slowest pace in more than six years in the last three months of 2019, with analysts predicting further deceleration as the global Covid 19 coronavirus outbreak stifles growth in Asia’s third-largest economy.

The gross domestic product (GDP) data released yesterday showed government spending, private investment and exports slowing down, while there is a slight upturn in consumer spending and improvement in rural demand lent support.

The quarterly figure of 4.7% growth matched the consensus in a Reuters poll of analysts but was below a revised - and greatly increased - 5.1% rate for the previous quarter.

The central bank has warned that downside risks to global growth have increased as a result of the coronavirus epidemic, the full effects of which are still unfolding.

Prime minister Narendra Modi’s government has taken several steps to bolster economic growth, including a privatisation push and increased state spending, after cutting corporate tax rates last September.

In its annual budget presented this month, the government estimated that annual economic growth in the financial year to March 31 would be 5%, its lowest for last 11 years.

Modi’s government is targeting a slight recovery in growth to 6% for 2020/21, still far below the level needed to generate jobs for millions of young Indians entering the labour market each month.

The annual GDP figure for the September quarter was ramped up from an earlier estimate of 4.5%, while the April-June reading was similarly lifted to 5.6% from 5%, data released by the Ministry of Statistics showed on Friday.

Capital Investment Drop

In the December quarter, private investment grew 5.9%, up from 5.6% in the previous quarter, while government spending rose by 11.8%, against 13.2% in the previous three months.

However, corporate capital investment contracted by 5.2% after a 4.1% decline in the previous quarter, indicating that interest rate cuts by the central bank have failed to encourage new investment. Manufacturing, meanwhile, contracted by 0.2%.

“It appears growth slowdown is not just cyclical but more entrenched with consumption secularly joining the slowdown bandwagon even as the investment story continues to languish,” said Madhavi Arora of Edelweiss Securities in Mumbai.

Many economists said that the government stimulus could take four to six quarters of time before lifting the economy and the impact of those efforts could be outweighed by the global fallout from the coronavirus epidemic that began in China.

“The coronavirus remains the critical risk as India depends on China for both demand and supply of inputs,” said Abheek Barua, chief economist at HDFC Bank.

Indian shares sank on Friday for a sixth session running, capping their worst week in more than a decade. The NSE Nifty 50 index shed 7.3% over the week, while the Sensex dropped 6.8%, the worst weekly declines since the 2008-09 financial crisis.

Separately, India’s infrastructure output rose 2.2% year on year in January, data showed on Friday.

A spike in inflation to a more than 5-1/2 year high of 7.59% in January is expected to make the RBI hold off from further cuts to interest rates for now, while keeping its monetary stance accommodative.

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