George W Bush signs India nuclear law soon Monday, December 18, 2006 11:51 [IST]
 Washington: President George Bush stamps his approval of the
India-US civil nuclear deal by signing a landmark law allowing sale of nuclear
fuel and technology to India after 30 years at a momentous White House ceremony
today (Dec 18, 2006)
With Bush appending his signature at 10:45 a.m. 9:15 p.m.
(IST) to the compromise legislation emerging from a Senate-House conference to
address India's
concerns over it, the stage would be set for writing the next chapter of the
deal.
The new law authorises Bush to waive sanctions against India under
section 123 of the US Atomic Energy Act 1954 for exploding nuclear devices in
1974 and 1998 and negotiate specific terms of such cooperation.
New Delhi also has to
negotiate an India
specific Additional Protocol with the International Atomic Energy Agency (IAEA)
and get the 45-member Nuclear Suppliers Group (NSG) on board before the deal
again goes for a final approval to the US Congress.
Although in India's view the new law still has some
'extraneous and prescriptive' provisions, the Congress did go to some length to
address New Delhi's concerns by changing several provisions into non-binding
suggestions or turning them into just presidential reporting requirements.
The White House ceremony is expected to be attended, among
others, by secretary of state Condoleeza Rice, Congressmen, diplomats and
others instrumental in getting the deal approved by the US Congress.
Leading lights of the Indian American community and US
business who had lobbied hard to get Congressional approval of a deal that
could provide them with $100 billion worth of new opportunities in India in the
energy sector alone also figure among the invitees. |