PM Modi’s visit to America: How will India play with nuclear law amendment?

Agency: News18IndIALAST Updated: February 04, 2025, 08:55 ISTIndia-RLION: PM Modi is going to make the 2008 streak of former PM Manmohan Singh and long. Finance Minister Nirmala Sitharaman announced amendment to the Atomic Liability Act.

This invests in the nuclear energy sector … Read more on the US on February 12. Heliteswest Minister announced amendment in the Atomic Liability Act. Families will increase foreign investment and will promote nuclear deal. PM Modi and Trump meet. Nuclear energy will be discussed in. The indications of this were found in the budget speech of Finance Minister Nirmala Sitharaman. When Nirmala Sitharaman announced to amend the Liability Claus of the Nuclear Deal. Now you will wonder what is this liability clause of the nuclear deal. Now let me explain that when a major accident occurs, there is a provision for heavy fines on foreign companies in India under the Nuclear Liability Act. This is so much that in 14 years no company has been able to invest in India. Because of this, the path of nuclear power in India has been deserted. Now it will be made logic according to the market. Its path will be paved on PM Modi’s visit to America. Actually, Union Finance Minister Nirmala Sitharaman presented the country’s budget on Saturday. During this, he announced to remove the biggest policy barrier in the development of nuclear energy sector. He made it clear in the budget speech itself that the Nuclear Energy Act and the Civil License Act 2010 (Civil Liability for Nuclear Damage Act 2010) would be amended. The purpose of amending the Atomic Liability Act is to promote nuclear energy in the country. To make India’s nuclear energy sector rational and friendly to foreign investment. Why is Modi’s amendment in the US Differential Liability Act has come at a time when PM Modi is going to America. Also, the US has recently removed the ban on three nuclear institutions. PM Modi will go directly from Paris to America on 12 February. Here he will meet Donald Trump. There will be a discussion between Donald Trump and PM Modi to promote nuclear energy, trade and investment. Also, there will be a focus on further strengthening the Indo-US defense relations. During this time, PM Modi will sit with Donald Trump and set the agenda according to India’s nuclear energy needs. The amendment of the Nuclear Liability Act will open new avenues of cooperation in the Civil-Nuclear Field between Indo-US. In fact, India aims to achieve nuclear energy capacity of at least 100 GW by the year 2047 by amending the nuclear obligation law. To achieve this goal, there is a need to increase nuclear power production in India. Also, there is a need to strengthen the infrastructure related to nuclear power. Finance Minister Nirmala Sitharaman’s announcement is in this direction. As soon as India amends its nuclear obligation law, foreign companies will start coming. So far, foreign companies are afraid of investment for fear of heavy fine. What is the atomic obligation law. This is an important law, which determines the obligations and compensation issues related to the operation of nuclear power plants. The real purpose of this Act is to offer necessary compensation to the affected community in the event of a nuclear accident. This means that if an accident happens, then that company will be fined heavy. In this, the responsibility is fixed on the operator as well as the nuclear supplier. Some people believe that this penalty is so high that due to its fear, foreign companies are very low in the nuclear sector of India. Companies are afraid. This is the real flourish? It is due to this provision that the participation of the Private Sector is not being done in the field of nuclear power of India. This 2010 law is not considered logical at the international level. Also, this is the obstacle in achieving the nuclear power goal of India. This is the reason that now after years, the Modi government has spoken about amendment. If India is to achieve the goal of nuclear power, then it will have to open its doors. Only then the participation of private sector will also increase. There are many US companies, which can invest in India. Many US companies like Westinghouse Nuclear, DTE Energy Electric, General Electric may be interested in investing nuclear power in India. What will be the benefit of India, now the question is why India is paying more attention to nuclear power? So the biggest reason for this is zero carbon. That is, the biggest advantage of the atomic plant is that it is carbon -free. It does not use any kind of fuel that causes carbon or its substances. In this context, it is a clean and good energy source for the environment. Apart from this, a lot of energy can be produced from a little uranium. The second reason is that India wants to reduce its carbon emissions. The target of zero is by the year 2070. It is not possible to get success in this path without nuclear power. In this way, when Donald Trump and PM Modi meet in Washington, there is a possibility of a big deal on it. The signs of this have been found from both sides. How the US and India have shown the biggest heart before the first steps. After that India also opened its heart doors. The US had removed the ban on Bhabha Atomic Research Center (BARC), Indira Gandhi Atomic Research Center (IGCAR) and Indian Rare Earths (IRE). Nirmala Sitharaman then announced the plan to set up a ‘nuclear power mission’ with an investment of Rs 20,000 crore and amend the Nuclear Liability Act. PM Modi termed the decision to promote the private sector in the nuclear power sector as historic. PM Modi said that this will ensure a big contribution of civil nuclear power in India’s development in the coming time. Civil nuclear power will ensure significant contribution in the development of the country in the future. What happened in 2008, the Indo-US Civil Nuclear Agreement i.e. the civil nuclear agreement proved to be an important milestone for energy security and diplomatic relations in Indian history. After a meeting of the then Prime Minister Manmohan Singh in July 2005 with the then US President George W. Bush, the two countries unveiled the ambitious plan to cooperate in civil nuclear power. The historic Civil Nuclear Agreement was finally approved after several rounds of talks ie 2008 after several rounds of talks. It was expected that it would benefit, but did not happen. This is the reason that now PM Modi is going to draw a new line. The Civil Nuclear Damage Liability Act became a hurdle? With this agreement, America’s cooperation opened the way for India to meet its nuclear power needs which had been banned for decades. However, due to some reasons, it could not get that much success. It was expected that this would pave the way for the US to share civil nuclear technology with India. But cooperation related to various reasons including strict obligation laws (Civil Nuclear Damage Liability Act) in India could not proceed. At that time, American nuclear reactor manufacturers like ‘General Electric’ and ‘Westinghouse’ had shown deep interest in setting up nuclear reactors in India. Location: delhi, delhi, delhifire published: February 04, 2025, 08:47 ishomeknowledge Zero carbon-no dalon! Know how India will become ‘Power House’ of Nuclear Energy (Tagstotranslate) India-Ruration (T) US-India Relation (T) PM Modi Us Visit (T) Nuclear Liability Law (T) Nuclear Liability Act (T) Nuclear Hospitality Energy ( T) Nuclear power

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