Hurray...NSG Waiver

Hi All,

I am sure most of u would have read/heard/seen the news about India getting a clean unconditional waiver from the NSG. (I heard the news upon reaching my friend's house whom i was visiting to get pen drive and DVD load of softwares, movies and songs and thereby leading myself to a lot of misery...i will tell u about it later..)The leaders of the nation, except those belonging to the Left and Opposition parties, have hailed the waiver and have said that its a historic day for India.

What this waiver effectively means is that India can perform trade with respect to nuclear fuel,rectors and technology(know-how). This translates into more nuclear fuel available for starving reactors, ready made reactors that can be imported and technology transfer which will ensure that we can build reactors on our own in the future.

More nuclear reactors-> more power generated->more growth(i guess i don't have to explain this part in more detail than what i already have done..its a no-brainer!)

In case India engages in nuclear technology proliferation(it hasn't in the past and probably wont in the future as well) then the NSG will convene a meeting and decide on future course of action which probably will mean that NSG will ask its members to stop nuclear trade with India.

This waiver has to been seen in different light than the one of the 123 agreement. 123 agreement is an agreement exclusively between US and India and it deals with nuclear trade between India and the US alone.(However for the deal to go through, a waiver from the NSG was warranted and that's exactly why India approached the NSG).

So as of now, we can perform nuclear trade,even tomorrow, with countries like Russia and France while we have one last hurdle to cross as far as the US is concerned. A congressional approval is required for the deal. But that shouldn't be a problem because there seems to be wide bi-partisan support for the deal...:)