Tony Abott Current Affairs

India-Australia ink historic Nuke Deal

India and Australia opened gates to a long-term energy cooperation. The two PMs today inked the much awaited agreement which will take care of India’s growing energy needs and falling supply. Australia which accounts for a third of world’s Uranium reserves had halted the bilateral relations after the nuclear test by India. Australia lifted its ban in 2012 and had been pursuing the deal ever since which was difficult as India is not yet a signatory to NPT, so Australia had to tread very carefully.
The deal is seen as a significant step forward as Indian nuclear plants generate around 4680 MW of electricity, of which the 2840 MW was from indigenous uranium while 1840 MW is imported yellowcake. India will expectedly use of nuclear power from 3 per cent of electricity generation to 40 per cent by 2050, and Australia’s uranium lobby believes it could be selling 2,500 tonnes a year to the country by 2030

It is one of the four pacts which are signed Cooperation in Technical Vocational Education and Training (TVET) as also in Water Resources Management and sports. Mr. Abott has also given assurance to his Indian counterpart that Australia will provide complete participation in skill development programs of India.

PM Modi has termed the step as a historic step which will spell new heights in the bilateral relations. He has also appreciated Mr.Abott’s gesture to hand over the stolen idols to India. The Colombo Plan of Mr. Abott for enhancing participation of Australian students to India.
The two countries also declared fresh funds for Australia India Strategic Research Fund which will support various activities in the field of energy like clean energy, water, health, environment and food processing.

Month: Categories: India Current Affairs 2018

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Tony Abott: Upbeat on possibility of Civil Nuclear Deal with India

Australian Prime Miniter Tony Abott has expressed the willingness of his government to sign a Nuclear Deal with India in his ongoing trip. Australia has been making sincere efforts since 2012 after Labor party reversed its decision to ban the sale of uranium to India because of New Delhi not being a signatory to the Nuclear Non-Proliferation Treaty.
Mr.Abott while addressing the Australian Parliament had stated that Australia was ready for Uranium sales to India as the latter had proved to the world of its commitment to strong and flourishing democracy with a proper rule of law.
Australia will take suitable safeguards keeping in view its own international standing and commitments before breaking the deal. The Deal if brokered and materialized will give a big Philip to the energy sector of our economy and will help India meets its energy needs. Australia houses a third of the world’s recoverable uranium resources which make it an important country in terms of nuclear power.
“The purpose of this trip, as far as I am concerned, is to acknowledge the importance of India in the wider world, acknowledge the importance of India to Australia’s future, to let the government and the people of India know what Australia has to offer India and the wider world for our part, and to build on those stronger foundations,” he said addressing a 30-member business delegation accompanying him on the trip at Hotel Taj Palace in Mumbai on Thursday, his first port of call.
India will also gain in terms of its standing in the world as it get another endorsement for its commitment for use of nuclear fuel only for peaceful civilian purposes. This will further reiterate its position of a strong and responsible nuclear power in the world.

Month: Categories: India Current Affairs 2018

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