10:24 PM
Clarity over nuclear liabilities law needed: Dr Kakodkar
NOW that Russia has agreed upon India's nuclear liability law. the issue of nuclear liabilities has occupied centrestage once again. Against this backdrop, eminent nuclear scientist Patlma Vibhushan Dr Anil Kakodkar felt that the Government needed to have better clarity on various clauses of nuclear liability law.
Talking to reporters on Sunday, the former Chairman of Atomic Energy Commission said that the pacts with nations like United States. France should go to finality now that Russia had given is nod. At the same time, the Central Government should take decisions to bring better clarity in nuclear liability law. Elaborating on these points. Dr Kakodkar said, "Concerns over civil nuclear liability regime affecting the domestic as well as foreign companies, exact nature of liabilities, measures for management of these liabilities, insurance burden etc should be addressed."
It may be mentioned here that the Civil Liability for Nuclear Damage Act. 2010. provides for placing huge legal liability on equipment suppliers and reactor operators in case of a nuclear incident. In 2011. new rules capped the liability to Rs 1.500 crorc. This is hurting not only global nuclear vendors but also the domestic companies, and changes have been sought in the law. Further, there are issues with nuclear insurance as there is no single Government insurance entity in India to take care of insurance of nuclear power plants running into thousands of crorcs of rupees. In a latest development, the Government is working on providing insurance cover to existing and new nuclear power plants.
Commenting on the issue of financial aspects of these issues. Dr Kakodkar said that the residual
Talking to reporters on Sunday, the former Chairman of Atomic Energy Commission said that the pacts with nations like United States. France should go to finality now that Russia had given is nod. At the same time, the Central Government should take decisions to bring better clarity in nuclear liability law. Elaborating on these points. Dr Kakodkar said, "Concerns over civil nuclear liability regime affecting the domestic as well as foreign companies, exact nature of liabilities, measures for management of these liabilities, insurance burden etc should be addressed."
It may be mentioned here that the Civil Liability for Nuclear Damage Act. 2010. provides for placing huge legal liability on equipment suppliers and reactor operators in case of a nuclear incident. In 2011. new rules capped the liability to Rs 1.500 crorc. This is hurting not only global nuclear vendors but also the domestic companies, and changes have been sought in the law. Further, there are issues with nuclear insurance as there is no single Government insurance entity in India to take care of insurance of nuclear power plants running into thousands of crorcs of rupees. In a latest development, the Government is working on providing insurance cover to existing and new nuclear power plants.
Commenting on the issue of financial aspects of these issues. Dr Kakodkar said that the residual
Posted in: News 2014
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