Thursday, August 19, 2010

The nuclear sell-out is complete

With the nuclear liability bill emerging from the Parliamentary standing committee with minor, facile modifications, India is well on its path to energy bankruptcy. For some inexplicable reason, India continues down the path of nuclear armageddon - presenting itself as the most attractive destination for dumping poor, outdated technology, with no cost to the manufacturer. Chellany's article has expressed it very well. I have heard commentators attribute motives to him - but no sensible rebuttal yet.

On the Indo US nuclear deal too, the sell out is complete. A couple of years back when the deal was the centre of the vote of confidence in the Lok Sabha, a senior bureaucrat had assured me that the negotiators too were patriots and they would protect Indian interests. The Prime Minister had repeatedly assured the house that the "Hyde Act" was an internal regulation of the US and did not apply to the deal. As was expected, the Prime Minsiter was economical with the truth, and hopes of a deal favourable to India have been belied. The Indian government has reduced India to a level of a rentier state - much like Pakistan. No wonder a fund manager recently commented - "everything is for sale in India" - including ofcourse the National interest.

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