11 Nov, 2016
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India, Japan ink Civil Nuclear Energy Deal
TOP 10 Points
“We are also united in our resolve to combat the menace of terrorism, especially cross-border terrorism” PM Modi
- The Prime Minister landed in Tokyo last night and this morning met Japanese Emperor Akihito. He also addressed top Japanese CEOs and invited investments, saying India has a huge and substantial need for finances and his government is pursuing reform policies to make the country the world’s “most open” economy.
- PM Modi and his Japanese counterpart Shinzo Abe led delegation level talks to strengthen ties between the two nations. The big focus during PM Modi’s visit is the nuclear deal, which is subject to ratification by the Japanese parliament. The two countries will also sign 12 other agreements after the two PMs told wide-ranging talks aimed at boosting bilateral strategic relations.
- The nuclear deal will allow Japan to supply nuclear reactors, fuel and technology. The two nations had reached a broad agreement last December, said foreign ministry spokesman Vikas Swarup.
- India is in advanced negotiations with US-based Westinghouse Electric, owned by Japan’s Toshiba, to build six nuclear reactors in the south – a part of New Delhi’s plan to ramp up nuclear capacity ten-fold by 2032.
- The nuclear deal comes after long negotiations to find a way around Tokyo’s reservations about such an agreement with a nation that hasn’t signed the Non-Proliferation Treaty. Japan, the only country to have suffered a nuclear attack, has sought assurances from New Delhi that it would not conduct nuclear tests any more.
- The main accord is likely to be accompanied by a separate document stipulating that Tokyo will suspend nuclear cooperation if India conducts a nuclear test, Japan’s Yomiuri newspaper reported. Initially, Japan wanted it to be part of the agreement, but India resisted, it said.
- India has declared a moratorium on nuclear testing since its last explosions in 1998. The nation — which has concerns about nuclear-armed China as well as its long-time rival Pakistan — has not signed the Non-Proliferation Treaty, contending that it is discriminatory.
- India and Japan have also been trying to close a deal on the supply of amphibious rescue aircraft US-2 to the Indian navy, which would be one of Japan’s first sales of military equipment since Prime Minister Abe lifted a 50-year ban on arms exports.
- From Tokyo, PM Modi, accompanied by Shinzo Abe, will travel to Kobe by the famed Shinkansen bullet train, the technology that will be deployed for the Mumbai-Ahmedabad High Speed Railway. He will visit the Kawasaki Heavy Industries facility in Kobe, where high speed railway is manufactured.
- Japan wants to edge out China in new bullet train deals with India. The competition between Asia’s biggest economies for high-speed rail contracts has been intense. China beat out Japan for a line in Indonesia last year, and the two are set to face off again over a proposed Singapore-Kuala Lumpur link.
The Swedish newspaper was recently asked it to delete the reference made by President Pranab Mukherjee to the Bofors scam in an interview to it, as a claim protested by the Indian Government on 27 May 2015. India has expressed disappointment over the disrespect shown to the President, the newspaper has defended its right to publish what was said during the interview.
Know, who is Vijay Kelkar and what is PPP !
Vijay Kelkar is a renowned economist and a former Finance Secretary. He was appointed head of newly constituted committee to give recommendations to recast the model of Public-Private-Partnership (PPP) model in India. India is one of the largest PPP market with over 900 projects. The Kelkar committee will review the PPP policy, suggest a better risk-sharing mechanism between private developers and the government after analysing such projects.
Know, who is Yaduveer Krishnadatta Chamaraja Wadiyar !
Yaduveer Krishnadatta Chamaraja Wadiyar was crowned as the new Maharaja of of Mysuru (Mysore) royal family. He is the 23-year old grandson of Princess Gayathri Devi, who was the eldest daughter of the last Maharaja of Mysore, Sri Jayachamarajendra Wadiyar. The coronation was held at Mysuru’s famous Amba Vilas Palace, which was decked up for the occasion.
Know about Sepp Blatter!
Swpp Blatter, was re-elected as FIFA president for a fifth term at the 65th Annual Congress of FIFA held at Zurich for four year term.
Prince Ali bin al-Hussein of Jordan stood against Blatter in this election. It is worth mentioning that FIFA is going through a major controversy regarding corruption in the organisation with two FIFA vice presidents and a recently elected FIFA executive committee member still in custody.