Focusing on Indian economy, Indian companies, investment in Indian Capital, Bond and Commodity markets, Product innovations and launches by different companies throughout globe and their implications to economy, markets and future of the Company’s stakeholders, regulatory policy changes and changing political scenario of India and the World. Complies the India Story as it unfolds, to summarize a complete financial blog focusing on Growth of Indian Economy
Monday, November 12, 2007
Russia needs green signal from IAEA and NSG
India was hoping to get Russia to work out an inter-governmental deal under the 1989 agreement but have to wait until it gets nod from IAEA and NSG (Nuclear Suppliers Group). In the meantime China has been galloping. Last week China signed an agreement with Russia, where Russia will supply uranium, enrichment capacity and two new power reactors to China. India will have to be satisfied with memorandum of intent (MOI) signed with Vladimir Putin in January 2007. The truth that Russia, post the breaking of USSR cannot help India in its nuclear ambitions has been realized pretty late. Russia has been India friend from the country’s inception even if wants to come forward and supply nuclear technology and uranium to India will require nod from IAEA and NSG.
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