Nuclear Deal - Is It Worth?

So, finally the INDIAN GOVERNMENT won the VOTE OF TRUST on July 22nd, 2008. The Prime Minister of INDIA, Dr. Manmohan Singh, and the CONGRESS Party managed to win the TRUST VOTE, with the help from SAMAJVADI PARTY. Instead of the bundles of currency notes (of 1000 INR) shown by the BJP MPs, the GOVERNMENT managed to secure 275 votes in favour and 256 were against it.

And on July 23rd, 2008, the INDIAN STOCK MARKET (SENSEX) managed to show sharp positive upmove gaining nearly 6%, that too closing in green on straight 5th session.

But was all this worthy for the nuclear deal? Facing so much INFLATION (12% nearly), wasn't INDIA required to focus on INFLATION?

Let's take a look at the nuclear deal now. This is the first time a nation is seeking permission to trade with the member countries of NUCLEAR SUPPLIER'S GROUP (NSG), without signing the NUCLEAR AGREEMENT and without showing all the operations of NUCLEAR UNDERTAKINGS to the INTERNATIONAL ATOMIC ENERGY AGENCY (IAEA). If this nuclear deal is completed finally, then INDIA will be an undeclared NUCLEAR POWERED NATION.

Actually, this deal is not for the nuclear energy. The PM of INDIA says this nuclear deal is necessary for fulfilling the electricity needs of INDIA. But if we believe the PLANNING COMISSION OF INDIA, even after this deal is finalized, INDIA will only be able to produce only 40,000 MegaWatt of power by 2020, which will be only 9% of the total production of INDIA.

All the countries in the world, those started producing electricity from nuclear power have either shut down their power generation units, or are not setting up new units. USA itself has not set up a single unit in the last 30 years. France, which generates 75% of the power from these sources, will be setting up only 1 unit in the coming years. Japan is also focusing on Renewable Sources of Energy, instead of nuclear power, and spending a lot on R&D. Even Australia, the largest supplier of Uranium (required in producing nuclear power), does not have a single unit to generate power from nuclear energy.

INDIA has produce just 3,000 MegaWatt of power from nuclear energy in the past 10 years. USA has so many hidden profits in the nuclear deal. The USA Parliament has been informed that within approximately 15 years, there could be a war between CHINA and USA. And USA wishes that INDIA should support USA in that war. Thats why from the last 7 years INDIA and USA are engaged in the joint military trials.

Apart from this, INDIA will be a potential customer for the on-the-verge-of-extinct nuclear market. Also many of the USA companies have either entered or are ready to tap the potential of INDIA market for consumer durables, cold-drinks, packaged drinking water, agriculture, service sector, insurance sector, entertainment sector, retail sector, etc. After the nuclear deal, if these companies harm the rights of INDIAN consumers, it will be hard for INDIA to take action against these companies. In the past, INDIA was unable to take action against COKE and PEPSI, even after there were so many allegations (and even proofs) of using underground water, findings germs in the drinks, etc.

It seems USA has started influencing INDIAN POLITICS and Dr. Manmohan Singh feels himself more unswerable to Goerge Bush than the INDIAN population. That's why ignoring all the internal problems of INDIA, the PM of INDIA focused only the nuclear deal. Don't the PM of INDIA know what was the result of focusing on INDIA SHINING, which was launched ignoring the basic problems of mass population? The general elections, due next year, will decide who have won the trust of INDIAN public.