Is nuclear deal b/w america & india holds good for india at the same time does is it beneficiant for america too.efforts were made by both countries & oppose was in both the countries why so?
Indian EB (Electricity Board) runs at subsidized prices. And we are going to buy from the US at WORLD MARKET prices, which are at least 2-3 times our subsidized price levels. So, our costs are going to be greater than our revenues.
The "Indo-US" nuclear deal does NOT state that the US is bound to supply nuclear tech for India for XYZ years but simply states that India can buy from "nuclear club" who MAY OR MAY NOT trade with India, as per their will.
And logistically speaking, the closest countries to these groups re Australia & Japan. BOTH have REFUSED FLATLY to sell India nuclear fuels, and not even an iota of pressure from US. We're getting the stuff from France at the moment also Russia. But the treaty binds us to surrender to the US our energy security....
If the Indo-US deal was worded like:
"US is bound to supply India nuclear fuel at 1000 Rupees per rod for 25 years and India is bound to abide by US fore ...more