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Indian Civil Nuclear Program: News & Discussions

Discussion in 'Indian Defence Industry' started by randomradio, Nov 11, 2016.

  1. seiko

    seiko VETERAN FULL MEMBER

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    INDIA SAYS JAPAN NUCLEAR DEAL DOES NOT RESTRICT TESTS. TOKYO DISAGREES

    New Delhi: Has India bent over backwards and given up its right to conduct a nuclear test in a legal document in order to allow a historic nuclear deal with Japan to go through? Top government officials in New Delhi have told NDTV that a separate note, signed by Indian and Japanese officials last week, along with the nuclear agreement, is not legally binding.
    The note talks about the circumstances in which the agreement can be scrapped but Indian officials insist it makes no "explicit reference to nuclear testing" and was done "for Japanese sensitivities". Government sources claim India has made "no additional commitments" to Japan.
    The deal was signed during PM Modi's visit to Tokyo on Friday. The agreement will allow Japan to supply nuclear reactors, fuel and technology to India for civilian use.
    Japan is the only country to have been bombed by atomic weapons in World War 2, which is why the country, historically, has been a strong supporter of the Nuclear Non-Proliferation Treaty or the NPT, to which India is not a signatory.
    That is also why negotiations for this deal took over six years. The agreement is crucial since American companies have Japanese technology and therefore, could not set up nuclear power plants in India.
    In the note, called 'Views and Understanding', the Japanese side has cited India's September 2008 declaration to the Nuclear Suppliers Group or NSG, which talked of a unilateral moratorium on nuclear tests. Japan says if this commitment is violated, the deal will be terminated.
    But while India says this additional note is not binding, and is just an expression of views, Japan does not see it that way.
    A top Japanese official has told NDTV the note "is legally binding and that Japan has the right to terminate its cooperation. It has also been clearly confirmed between the two governments that Japan could do this in case India conducts a nuclear test. The above point is critically important in implementation of the Treaty. Therefore, both countries agreed to establish the separate Note and signed the document together with the Nuclear Treaty itself".


    http://www.indiandefensenews.in/2016/11/india-says-japan-nuclear-deal-does-not.html
     
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  2. MOHITH REDDY

    MOHITH REDDY IDF NewBie

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    nice information....and also it will be good to have a japanese collaborations in nuclear deals.....
     
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  3. Agent_47

    Agent_47 Admin - Blog Staff Member MODERATOR

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    Toshiba decides on Westinghouse bankruptcy, sees $9 billion in charges: sources

    Japan's Toshiba Corp has informed its main lenders it is planning for U.S. nuclear unit Westinghouse Electric Co LLC to file for bankruptcy on March 31, people briefed on the matter said on Friday.

    Toshiba expects a Chapter 11 filing for Westinghouse would expand charges related to the U.S. unit in the current financial year to around 1 trillion yen ($9 billion) from its publicly flagged estimate of 712.5 billion yen, the people also said.

    A move to file, however, allows the TVs-to-construction conglomerate to limit risks from future losses at Westinghouse, which has been plagued by huge cost overruns at two U.S. nuclear projects. The decision comes only three months after Toshiba first warned of multibillion dollar charges for Westinghouse.

    The ensuing financial maelstrom has already caused Toshiba to put up its prized memory chip unit for sale, consider a sale of a majority stake in Westinghouse and miss deadlines to file earnings that have put it at risk of a delisting.

    Toshiba is now in discussions with the lenders over financing after Westinghouse's potential Chapter 11 filing, said the people, who declined to be identified as they were not authorized to speak to media on the matter.

    Toshiba said on Friday it was not appropriate to comment prematurely.

    "Whether or not Westinghouse files for Chapter 11 is ultimately a decision for its board, and must take into account the various interests of all of its stakeholders, including Toshiba and its creditors," it said in a statement.

    Toshiba's main creditor banks include Sumitomo Mitsui Banking Corp and Mizuho Bank Ltd. Representatives for the bank were not immediately available for comment outside regular business hours.

    Reuters reported earlier this week that Westinghouse was reviewing proposals for a debtor-in-possession loan exceeding $500 million to help finance a potential bankruptcy.

    Shares in Toshiba soared 7.6 percent on Friday after Singapore-based fund Effissimo, established by former colleagues of Japan's most famous activist investor, became its largest shareholder with an 8.14 percent stake.

    The fund said the holding was for pure investment purposes and it expected long-term price gains to be driven by an increase in Toshiba's corporate value.

    Separately the Japanese government said it would conduct rigorous screening of any potential buyer of Toshiba's chip unit based on foreign exchange and trade laws if need be.

    The Japanese government is prepared to block the sale to bidders it deems a risk to national security, sources have said previously.

    "Toshiba's chip business is highly competitive globally and it plays a key role for the nation's employment," Trade Minister Hiroshige Seko said at a media briefing on Friday.

    "The seller needs to consider these issues before the buyer is decided if the business is going to be sold to foreigners," he added.

    Toshiba also plans offer shares of the chip unit as collateral to its lenders, aiming to protect the unit from claims by Westinghouse creditors, sources have said.

    http://mobile.reuters.com/article/idUSKBN16V04G
     
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  4. Zer0reZ

    Zer0reZ 2nd Lieutant FULL MEMBER

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    India-Japan Nuclear Deal Clears Diet Hurdle, But Real Challenge Begins Now

    "It is good that the Japanese Diet has passed it, and we should not ignore the debate in parliament where a sizeable number of opposition lawmakers criticized their government's stance. But, let's not hope that the deal would be an overnight success or create a nuclear renaissance. It may take years to see fully functional projects on the ground. Within Japan, there is still stiff opposition to the nuclear deal with India, due to anti-nuclear activism as well as the Fukushima effect. Also, many Japanese companies own or have joint venture with western companies like Westinghouse, GE, Areva and facing crisis," K.V. Kesavan, Distinguished Fellow at the Observer Research Foundation, New Delhi, told Sputnik.
     
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