2 Updates
India, Russia very close to clinching Kudankulam n-deal
Photo Credit: , Getty Images

India, Russia very close to clinching Kudankulam n-deal

Oct 20 2013, 8:47am CDT | by IANS

Moscow, Oct 20 (IANS) India and Russia are "very close" to clinching a commercial deal on the third and fourth reactors for the Kudankulam nuclear power plant in Tamil Nadu with only the legal vetting of the deal left to be done, said informed sources Sunday.

Moscow, Oct 20 — India and Russia are "very close" to clinching a commercial deal on the third and fourth reactors for the Kudankulam nuclear power plant in Tamil Nadu with only the legal vetting of...

Filed under: news

YouTube Videos

 
 
 

39 weeks ago

India, Russia very close to clinching Kudankulam n-deal

Oct 20 2013, 8:47am CDT | by IANS

Moscow, Oct 20 (IANS) India and Russia are "very close" to clinching a commercial deal on the third and fourth reactors for the Kudankulam nuclear power plant in Tamil Nadu with only the legal vetting of the deal left to be done, said informed sources Sunday.

Moscow, Oct 20 — India and Russia are "very close" to clinching a commercial deal on the third and fourth reactors for the Kudankulam nuclear power plant in Tamil Nadu with only the legal vetting of the deal left to be done, said informed sources Sunday.

As Prime Minister Manmohan Singh arrived in Moscow on the first leg of his visit to Russia and China, informed sources, however, said the commercial agreement on the third and fourth nuclear reactors would not be inked during the current visit.

"We are very close to an agreement, we have settled most of the issues ... it is with the lawyers of both sides at present ... In any case, it won't be signed in Moscow during the prime minister's visit," the source said.

Russia has set up two 1,000 MW nuclear reactors in Tirunelveli district of Tamil Nadu of which the first is set to produce electricity in a few months and the second one is slated to attain criticality in six months' time.

With regard to the third and fourth reactors, Moscow had voiced concern about India's civil nuclear liability laws, according to which the onus falls on the supplier in case of an accident.

"It is only for the lawyers to say yes, it is in the last stage," the source added.

To a question on the liability clause, the source said it was because of that aspect that the agreement is being vetted by lawyers from both sides.

"Everything has been settled, all that is done."

Energy cooperation is set to form a major component of the talks between Prime Minister Manmohan Singh and President Vladmir Putin Monday when the two meet for the annual India-Russia Summit.

With Russia known to have one of the world's largest hydrocarbon reserves, India would be seeking to go in for exploration in oil and gas, especially in the Arctic region and the Far East of Russia. But no agreements are expected to be signed on the issue during the visit, a source said.

Manmohan Singh and Putin would also discuss international issues, especially Syria and Afghanistan.

Both sides have a similar approach On Syria -- that the issues in the violence-wracked country have to be settled through a political process, the source added. Around 100,000 people have been killed in the ongoing civil war in Syria where rebels are seeking to overthrow the government of President Bashar al Assad and hundreds of thousands have fled the country.

India has consistently opposed any proposal for military intervention by the West in Syria.

On Afghanistan, both sides are very concerned about any return to radicalism and extremism and both sides have cooperated to prevent this earlier too, the source said.

Both share a "lot of fundamental commonality" on issues concerning Afghanistan. India has done a fair amount in terms of economic support to Afghanistan. On the security situation, especially with the international forces set to drawdown in 2014, both have the principle of "no boots on the ground" though India does train Afghanistan police and military.

Boosting trade, especially in pharmaceuticals, would also be an issue in the talks. Commerce Minister Anand Sharma had been to Russia thrice this year. Trade between India and Russia stands at just $11 billion, a far cry from what it is with the US and China.

Prime Minister Manmohan Singh and President Vladmiri Putin are set to go over the main pillars of the bilateral strategic partnership, including defence, energy, space, science and technology, economy.

(Ranjana Narayan can be contacted at ranjana.n@ians.in)

IANS

Source: IANS

 
Update
2

8 weeks ago

Modi Takes Delhi

May 27 2014 9:56am CDT | Source: Politics - The Huffington Post

Congress President Sonia Gandhi gestures
The sweeping victory of Narendra Modi's Hindu nationalist Bharatiya Janata Party (BJP) has set journalists and commentators searching for themes and motifs. How else to fix readers' attention on a political phenomenon as multi-layered as that unfolding in the vastness of India without saturating them with masses of largely indigestible information and strange ideas. Unfortunately, the truths are blurred in the process and the election's implications simplified. The o ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

MH17 black boxes arrive in Britain for analysis (Lead, changing dateline)
London, July 23 (IANS) The black box recorders from the crashed Malaysia Airlines flight MH17 have arrived in Britain for data downloading and analysis, the British Air Accidents Investigation Branch (AAIB) said Wednesday.
 
 
UN warns of possible Israeli war crimes, Gaza toll 650 (Roundup)
Geneva/Jerusalem/Gaza, July 23 (IANS) UN High Commissioner for Human Rights Navi Pillay Wednesday warned that Israeli military attacks on Gaza could constitute a war crime, as the toll in Israel's ongoing offensive on the Palestinian enclave rose to over 650.
 
 
Ukraine rebels withdraw from Donetsk outskirts
Moscow/Kiev, July 23 (IANS) Pro-Russian separatists Wednesday exited three towns on the outskirts of the eastern city of Donetsk and areas surrounding the airport, rebel militia chief Igor Strelkov said even as the rebels shot down two Ukrainian military aircraft.
 
 
Indian student wins damages for illegal detention at Heathrow
London, July 23 (IANS) An Indian student has won 3,500 pounds ($5,967) in damages for her illegal detention at Heathrow Airport in London, media reported.
 
 
 

Latest from the Network

Ricky Gervais has no plans to get married
Ricky Gervais insists there's ''no point'' in getting married. The 53-year-old comedian has been with his girlfriend Jane Fallon for more than 30 years but they have no intention of tying the knot because they don't ''...
Read more on Celebrity Balla
 
MH17 black boxes arrive in Britain for analysis (Lead, changing dateline)
London, July 23 (IANS) The black box recorders from the crashed Malaysia Airlines flight MH17 have arrived in Britain for data downloading and analysis, the British Air Accidents Investigation Branch (AAIB) said...
Read more on Politics Balla
 
Here’s why many people want their BlackBerrys back after switching to iOS and Android
Following the release of the original iPhone in 2007 and the subsequent launch of Android, many people with work-issued phones spent years asking for their employers to switch away from BlackBerry smartphones to more...
Read more on Apple Balla
 
UN warns of possible Israeli war crimes, Gaza toll 650 (Roundup)
Geneva/Jerusalem/Gaza, July 23 (IANS) UN High Commissioner for Human Rights Navi Pillay Wednesday warned that Israeli military attacks on Gaza could constitute a war crime, as the toll in Israel's ongoing offensive on...
Read more on Politics Balla
 
Ukraine rebels withdraw from Donetsk outskirts
Moscow/Kiev, July 23 (IANS) Pro-Russian separatists Wednesday exited three towns on the outskirts of the eastern city of Donetsk and areas surrounding the airport, rebel militia chief Igor Strelkov said even as the...
Read more on Politics Balla
 
47 killed in Taiwan plane's botched landing
Taipei, July 23 (IANS) Forty-seven people on board a Taiwanese TransAsia Airways plane were killed in a failed emergency landing in the island county of Penghu Wednesday, Taiwan's transportation authority has confirmed...
Read more on Business Balla
 
APPL & AMZN Now at High Risk Levels?
The sharply higher opening Tuesday in reaction to earnings from Netflix, Inc. (NFLX) and Chipolte Mexican Grill (CMG) stabilized the market’s short-term outlook. The S&P futures broke out of their recent trading...
Read more on Apple Balla
 
Tim Cook Just Made The Case For A Low-Priced iPhone
During Apple’s earnings call yesterday, CEO Tim Cook was asked a seemingly harmless question about the impact of trade-in programs on iPhone sales. Cook’s wide-ranging response was that he felt trade-ins were good for...
Read more on Apple Balla
 
India at Commonwealth Games Thursday
Glasgow, July 23 (IANS) The following is the list of Indians participating on the first day of competition at the 2014 Commonwealth Games here Thursday. India's schedule: Badminton: India will take on Ghana and then...
Read more on Sport Balla
 
Director of 'Girl with a Pearl Earring' to make new film
Peter Webber is planning a sequel to 'Girl with a Pearl Earring'. The director - who launched actress Scarlett Johansson into the spotlight with his 2003 debut - has now begun work on a new project. The similarly art...
Read more on Movie Balla