The first five months of 2023 have witnessed at least six major events/trends that augur badly for global economic and socio-political prospects, points out Shankar Acharya, former chief economic adviser to the Government of India.
A powerful senatorial committee on Wednesday is set to consider a bipartisan resolution to recognise Arunachal Pradesh as an integral part of India, pushing back against China's military aggression to change the status quo along the Line of Actual Control.
He also complimented the United States for making it possible. The civil nuclear initiative was good for India and good for the world, he said in a statement.
Following is the reaction of parties on the India-specific safeguards agreement being approved by the Board of Governors of the International Atomic Energy Agency.
India has received a positive response from the Non-Aligned Movement countries, which are members of the International Atomic Energy Agency and the Nuclear Suppliers Group on the Indo-US nuclear deal after it briefed them on the safeguards agreement, which the global nuclear watchdog will consider on Friday.
The safeguards pact, which is the next step in the operationalisation of the Indo-US civil nuclear deal, was sent to the 35-nation Board on a day when the Left parties formally withdrew support from the United Progressive Alliance government, following a bitter feud over the deal which has remained stalled for several months.
Former foreign secretary Shyam Saran says he is "optimistic" of the nuclear deal being cleared at the Nuclear Suppliers Group meeting. Saran -- the prime minister's special envoy on climate change and the India-US nuclear civilian agreement -- also confirmed that Prime Minister Manmohan Singh will attend the G-8 summit in Tokyo later this week.
Iran is also defying UN demands to suspend uranium enrichment and is producing more powerful centrifuges, the International Atomic Energy Agency said in a strongly worded report, which is bound to renew demands from the US and its western allies for tougher sanctions against Tehran. The report is yet to be released officially, but is said to accuse Iran of not providing all information, especially relating to 'high explosives testing' relating to nuclear programme.
The Met department blamed the malfunctioning of sensors kept at the Automated Weather Station for the gaffe.
India had three exploratory meetings with IAEA on the main concepts that would be embedded in an India-Specific Safeguard Agreement
T P Sreenivasan, India's former Governor to the International Atomic Energy Agency and ex-Indian Ambassador to the United Nations in Vienna, has predicted that the Indo-US civilian nuclear deal will be honoured regardless of whatever dispensation comes to power following the general election in May. Sreenivasan noted that "two of the three coalitions vying for power in India are committed to amend it, though not to abandon it."
External Affairs Minister Pranab Mukherjee on Wednesday advised the United States to leave the issue of Iran's nuclear programme to the International Atomic Energy Agency and not take up the responsibility of deciding Iran's position."Iran should convince the IAEA that their nuclear programme is for peaceful purposes. We are advising Iran that being a signatory of the Non-Proliferation Treaty, you should satisfy the IAEA."
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
Hours after A Q Khan's release from house arrest, Britain on Friday asked Pakistan to grant International Atomic Energy Agency access to the disgraced atomic scientist to question him on his proliferation activities, particularly transferring nuclear know-how to countries like Iran and North Korea.
The government believes that the matter should remain within the jurisdiction of the International Atomic Energy Agency and not be referred to the United Nations Security Council.
External Affairs Minister Pranab Mukherjee rejected suggestions that the United Progressive Alliance government's capacity to operationalise the deal has weakened after the Congress' debacle in Gujarat and Himachal Pradesh assembly elections. "We would not like to proceed with the deal if the Left parties withdraw support from the government," he told Karan Thapar's India Tonight programme on CNBC.
IAEA director general Muhamad ElBaradei expressed the hope for a long-term comprehensive agreement, which would allow for the development of relations and cooperation with Iran.
Pakistan foreign office spokesman Mohammad Sadiq said that Pakistan is a 'responsible nuclear state' whose atomic weapons are 'as secure as that of any other nuclear weapon state'. Statements expressing concern about the safety and security of the nuclear arsenal are 'unwarranted and irresponsible'.
"There is no denying the fact that we voted against Iran at IAEA. The intention was to ensure that its nuclear issue does not go to the Security Council as it would entail sanctions and more problems," External Affairs Minister Pranab Mukherjee said while rejecting allegations that India's foreign policy was being affected by the Indo-US nuclear deal.
The European Union is following with great interest India's discussions with the International Atomic Energy Agency on the civilian nuclear agreement and will take a decision on supporting India at the Nuclear Suppliers Group after studying all the developments.
Kakodakar, who returned to India after talks with the IAEA, said that the initial talks were purely technical and that the next round of talks would be held soon.
France on Thursday said it wanted to increase civil nuclear cooperation with India, but only after New Delhi implemented the legal framework. ''We want to move further, but first we need India to sign an agreement with the nuclear watchdog, International Atomic Energy Agency, and also to negotiate the exemption agreement with the Nuclear Suppliers' Group,'' visiting French Minister for Higher Education and Research Valerie Pecresse told a press conference in New Delhi.
Uncertainty over the Indo-US nuclear deal cast a shadow over the first Indo-French nuclear business meet in Mumbai, which was aimed at strengthening bilateral cooperation in the atomic field.
International Atomic Energy Agency chief Mohammed ElBaradei on Tuesday inaugurated Bhabhatron-II, an indigenously developed advanced computerised telecobalt machine for the treatment of cancer. ElBaradei, who is on a three-day trip to India, visited the Bhabha Atomic Research Centre in Mumbai where he inaugurated Bhabhatron-II at the Advanced Centre for Treatment, Research and Education in Cancer here.
US Congress fires first salvo on the eve of ElBaradei's visit to India and even before the 123 Agreement is presented to NSG, presents laundry list of concerns in legislation.
Former Ambassador M K Bhadrakumar on why India must not go ahead with the 123 Agreement with the US
Earlier in the day, International Atomic Energy Agency chief Mohamed ElBaradei had endorsed the India-specific safeguards agreement, asserting that it conformed to "all legal requirements" of his agency and that talks had begun on a system of extended inspections.
The United Progressive Alliance government on Thursday expressed hope that India will get the support of all member countries during its negotiations on the nuclear deal but noted that it would be difficult to fix an exact timeframe for making the agreement a reality.External Affairs Minister Pranab Mukherjee said the Board of Governors of the International Atomic Energy Agency is likely to meet on August 1 to discuss the India-specific safeguards agreement.
The benchmark National Stock Exchange Nifty has rallied 4 per cent, or 750 points, from this month's low to end at 19,732 on week ending November 17. Technical analysts say the market could consolidate around the current levels as it is nearing the resistance zone. "The near-term uptrend status of the market remains intact, but there is a possibility of some more consolidation or minor weakness for the Nifty in the next one to two sessions.
India has cancelled its briefing on the safeguards agreement for the members of the International Atomic Energy Agency, which was scheduled to be held in Vienna on July 18.The IAEA safeguards agreement is an essential step India has to take to integrate with international nuclear commerce before it secures a one-time waiver from the 45-nation Nuclear Suppliers Group.
The Left too, assuming it finds it possible to lay aside its fundamental objections (subservience to the US, infringement of India's sovereignty) to the main nuclear deal, would find little in the contents of the agreement to which it can take serious exception.
The Left parties on Thursday launched a scathing attack on the government for approaching the International Atomic Energy Agency for the safeguards agreement in the nuclear deal before a trust vote in Parliament, terming the move as a "shocking betrayal of a moral commitment" made to the country.
Stepping up the ante, Prime Minister Manmohan Singh has declared that India will approach the IAEA on the Indo-US nuclear deal very soon and the process will move very fast. Talking tough, he said he would discuss the nuke deal with US President George W Bush and other leaders and seek their support. He also said he was ready to face Parliament for a trial of strength.
External Affairs Minister Pranab Mukherjee met Communist Party of India - Marxist General Secretary Prakash Karat on Tuesday to discuss the India-United States civilian nuclear agreement. Mukherjee asked the Left Front to allow the United Progressive Alliance government to go ahead with the safeguards agreement with the International Atomic Energy Agency.
Clean energy cess to hike cost for power sector.
The decision has been taken in view of the threat of nuclear material being stolen by the terrorist outfits operating in various parts of the country.
It is paradoxical that even those members who are most crucial in the decision-making process, leave alone the public, are denied access to scrutinise the full text of the IAEA agreement while many in the international community, particularly those from the NSG countries, must be scanning it with a microscope!
