For the third time (as far as i can remember)the Indo-US nuke deal topped the headlines in the Yahoo insider...and it has been on the front page of the papers for atleast a dozen times.All i knew about it were the basics..just what a common man needs to know.But this episode is turning out to be rather dramatic than expected.The end product of this issue could either result in the fall of the UPA at the centre or straining of the Indo-US ties(which will be a nose-cut for Mr.You-know-who) or life could go on as if nothing had happened(bleh!What the fuck is dramatic in this?).
This is what Wikipedia gave me regarding 123 deal..:
The United States-India Peaceful Atomic Energy Cooperation Act of 2006 is the legal framework for a bilateral pact between the United States and India under which the U.S. will provide access to civilian nuclear technology and access to nuclear fuel in exchange for International Atomic Energy Agency-safeguards on civilian Indian reactors. This act provides the legal basis for a 123 Agreement with India. The 123 agreement requires separate U.S. congressional approval and Indian cabinet approval and will define the exact terms and conditions for bilateral civilian nuclear cooperation.
Rationale behind the agreement
The growing energy demands of the Indian and Chinese economies have raised questions on the impact of global energy availability. The Bush Administration has concluded that an Indian shift toward nuclear energy is in the best interest for America to secure its energy needs of coal, crude oil, and natural gas. Moreover, the Bush administration insists that India's strong non-proliferation record and stable democracy further helped justify a nuclear pact with India while not providing Pakistan or others the same. Finally,The U.S. also expects that such a deal could spur India's economic growth and bring in $150 billion in the next decade for nuclear power plants, of which the US wants a share. It is India's stated objective to increase the production of nuclear power generation from its present capacity of 4,000 MWe to 20,000 MWe in the next decade.
Now..why is there opposition from the Left? Their primary objection is the imperialist policies of the USA.
Sounds dumb?
No,its not!
Do you think that the US or Mr.President for that matter,will step in to such a big deal just for the good of India and the World?Bleh!Suck dick!
The deal states that a share of India's profit through Nuke power plants has to be given to the US...apart from giving US indirect access to our power plants.The deal also contains several clauses that are against the interest of India.
Pardon me if i am wrong...but this is how the whole saga appears to most of the 'common-men' in India.It is best if our PM gives up his wish for the 'goodness of the nation'.It is time India shows some sort of a dominance.Denial to this deal might prompt the US to edit the agreement.
Because,India is one treasure America would not want to lose..