360° Coverage : India, Russia very close to clinching Kudankulam n-deal

12 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 Tweets

 
 
 

45 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
12

Tweets

 
 
Update
11

1 week ago

UPA pressured me to drop names from CWG, coal reports: Vinod Rai

Aug 24 2014 8:04am CDT | Source: Business Standard

In fresh embarrassment to Congress, especially former Prime Minister Manmohan Singh, ex-CAG Vinod Rai has claimed he was pressurised by the UPA regime to drop certain names from audit reports in Coalgate and Commonw ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
10

1 week ago

UPA pressured me to drop names from CWG, coal reports: Rai

Aug 24 2014 1:55am CDT | Source: Business Standard

In fresh embarrassment to the erstwhile UPA regime, particularly to former Prime Minister Manmohan Singh, former CAG Vinod Rai has claimed that coalition functionaries had deputed politicians to get him leave out name ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
9

1 week ago

Manmohan wanted to contact Pakistani militants: Yasin Malik

Aug 23 2014 5:05am CDT | Source: Business Standard

JKLF leader Yasin Malik has said then Indian prime minister Manmohan Singh wanted him to contact milita ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
8

1 week ago

Father and friends

Aug 20 2014 10:55am CDT | Source: Business Standard

Thanks to the huge explosion of uninformed opinion, no other prime minister has had to bear so much hate and, worse, ridicule as Manmohan Singh. How did his family react to this tsunami of abuse, jokes and even insults?Daman Singh, his daughter ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
6

1 week ago

Manmohan Singh immune as PM, not as FM: US court

Aug 20 2014 12:00am CDT | Source: Business Standard

US District Judge ruled that Manmohan Singh was entitled to "residual immunity" even after he ceased to b ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
5

2 weeks ago

Same difference

Aug 18 2014 10:39am CDT | Source: Business Standard

Of the two prominent blue-turbaned invitees at the President's At Home one was former prime minister Manmohan Singh, who sat in a VIP enclosure out of bounds for the media, and the other was Montek Singh Ahluwalia ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
4

2 weeks ago

Manmohan Singh joined pre-medical course, backed out: Daughter

Aug 17 2014 1:55am CDT | Source: Business Standard

Manmohan Singh had joined a pre-medical course as his father wanted him to become a doctor but pulled out after a couple of months, losing interest in the subject, according to a book on the forme ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
3

3 weeks ago

Ex-CJI Balakrishnan pushed for elevation of corrupt judge: Katju

Aug 11 2014 1:27pm CDT | Source: HeadlinesToday.in

In his blog, PCI chairperson Justice Markandey Katju had charged three former Chief Justices of India including YK Sabharwal and KG Balakrishnan of succumbing to the pressure from the then government headed by Manmo ...
Source: HeadlinesToday.in   Full article at: HeadlinesToday.in
 

 
Update
2

4 weeks ago

No files from PMO went to Sonia, says Manmohan

Jul 31 2014 6:55am CDT | Source: Business Standard

Former prime minister Manmohan Singh Thursday denied that any files were sent from the Prime Minister's Office to Congress president Sonia Gandhi's office as claimed by former party leader Natwar Singh in hi ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
1

4 weeks ago

HDFC Bank Could Make You A Slumdog Millionaire

Jul 29 2014 7:45am CDT | Source: SeekingAlpha

By Mohit Hajarnis:When looking at India from the outside, it seems like a natural growth story: a potential market of 1.2 billion people, a growing middle class, and cheaper labor costs than China. However, India's GDP growth has shrunk to 5.0% in 2013 from 6.2% in 2012 and 9.3% in 2011. The slowing growth is reflective of the cumbersome regulatory environment that India has created: t ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Return as India's envoys, Modi to India-bound Japanese youth
Tokyo, Sep 2 (IANS) Prime Minister Narendra Modi Tuesday kicked-off a new initiative on training for Japanese youth started by Tata Consultancy Services (TCS) at its various facilities in India, asking them to return to Japan as India's ambassadors.
 
 
Scientists get ready for mock on-site nuclear inspection
Washington, Sep 2 (IANS) Some 40 scientists and technicians from around the world will descend on Jordan in November to take part in a simulated on-site inspection of a suspected nuclear test site on the banks of the Dead Sea.
 
 
Russian space 'sex geckos' found dead
Moscow, Sep 2 (IANS) Four female lizards and one male who were sent to space to understand the effects of weightlessness on sexual intercourse have died, the Russian Space Agency said in a statement.
 
 
Nigeria to get Japanese drug for Ebola treatment
Abuja, Sep 2 (IANS) Nigeria will soon get a Japanese drug to treat Ebola, the country's Health Minister Onyebuchi Chukwu said Monday.
 
 
 

Latest from the Network

Watching action movies makes your waistline grow
New York, Sep 2 (IANS) If your kids love to watch Hollywood action movies, better watch out for their junk food consumption. According to a study, viewers who watch action-packed programmes indulge in over-eating. "We...
Read more on Celebrity Balla
 
Pitch Perfect cast feel 'under pressure' with sequel
Ben Platt says the cast of 'Pitch Perfect' are feeling the pressure ahead of the sequel. The actor, who has starred in the popular Broadway production 'The Book of Mormon', acknowledges that the eagerly-awaited sequel...
Read more on Movie Balla
 
Imagine Entertainment in talks for 24 movie
Imagine Entertainment want to make a '24' movie. According to TVLine, the production company's chairman, Brian Grazer, has expressed an interest in taking the hit Fox series to the big screen following the end of the...
Read more on Movie Balla
 
Stan Lee reveals Black Panther movie is in the works
Stan Lee has suggested plans to make a Black Panther movie are still in development. Lee, the former president and chairman of Marvel Comics, says that Marvel Studios will look to make a film based on the first black...
Read more on Movie Balla
 
Lindsay Lohan uses hypnotherapy to quit smoking
Lindsay Lohan is using hypnotherapy to quit smoking. The 'Mean Girls' actress has reportedly turned to alternative medicine to kick her nicotine addiction before her West End debut on September 24 for David Mamet's play...
Read more on Celebrity Balla
 
Angelina Jolie and Brad Pitt's kids write wedding vows
Angelina Jolie and Brad Pitt's children helped to write their wedding vows. The Hollywood couple tied the knot in France on August 23 and they enlisted the help of their kids Maddox, 13, Pax, 10, Zahara, nine, Shiloh,...
Read more on Celebrity Balla
 
Carrie Underwood announces pregnancy
Los Angeles, Sep 2 (IANS) Country star Carrie Underwood and NHL player Mike Fisher have announced that they are expecting their first child. Underwood and Fisher posted the news on their social media accounts Monday,...
Read more on Celebrity Balla
 
Look at India, Modi tells Japan
Tokyo, Sep 2 (IANS) Prime Minister Narendra Modi Tuesday hoped Japan will follow "Look at India" policy. "Just as India is focusing on Look East policy, we expect Look at India policy from Japan," Modi said, adding...
Read more on Politics Balla
 
Return as India's envoys, Modi to India-bound Japanese youth
Tokyo, Sep 2 (IANS) Prime Minister Narendra Modi Tuesday kicked-off a new initiative on training for Japanese youth started by Tata Consultancy Services (TCS) at its various facilities in India, asking them to return...
Read more on Politics Balla