Sunday, July 27, 2008

Whats The Big DEAL!

Bravo Mr. PM! For finally going ahead with the deal!
The trust vote came as a big moral victory for Congress, which finally took some strong decision in its 4 year long rather mediocre tenure.

The trust vote came down hard on the BJP though.7 deflectors, despite all assurances of party unity by Mr. Advani. Mr. Advani's stand, though politically correct, was unfortunate for the nation."We are in favor of strategic ties with US for nuclear energy, but we still do not accept the deal in the current format", said Mr. Advani, despite knowing that the current format was the best possible one for India.

Left's illogical ideological stand was destined to doom them, and the same happened too. How does Mr. Karat intend to help the poor and satisfy the energy need of the agricultural sector without investing in the energy sector?

In my opinion, the deal provides the following distinct advantages to India:

1)Without signing the NPT, India can trade in nuclear material.This puts India in a uniquely advantageous position.

2)Nuclear energy contributes to just 3% of energy needs of India. After the technology transfer by US, this will soon grow to 7%. Once India has the requisite nuclear technology , India may grow this percentage to as high as it wants!

3)Most nuclear plants in India are under-utilized due to lack of nuke raw materials, or poor consumption of fuel,etc.This problem is bound to be solved by the deal.

4)Fourthly, even if India conducts a test sometime in the future and US withdraws the technology transfer, we shall be much much better off then, than what we are now(without the deal!).

The above were the direct implications. As far as the indirect implications are concerned,

1) Health Care sector will be a beneficiary, because now access to the sophisticated X-Ray /other radioactive machines will be granted to India.
2) High quality Steel, to which India was denied access, because it could be used in nuclear reactors will now be accessible to India
3)High end technology which comes in will be good for our Software,Electronics and Space research sector as well.

So under all circumstances, the deal is completely pro-India.

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