China denies blocking India's bid to join NSG
The Dollar Business Bureau China has denied claims that it was blocking India's bid to be a member of the Nuclear Suppliers Group (NSG). Moreover, it has assured to work towards finding a solution for India entering into the group, along with the other 48 members of the NSG. China's Vice-Minister for Foreign Affairs Liu Zhenmin said that there should be a discussion with relevant parties on this issue. However, this is not a new issue, as India has been seeking the membership of NSG for many years and China needs to discuss with other members of the Non- Proliferation Treaty (NPT). But China’s interference in India's entry to the elite club is not true, Liu confirmed. Along with other members of NSG, ...
Australia okays uranium exports to India
The Dollar Business Bureau India intends to boost its nuclear capacity to 63,000 MW by 2032 by installing a total of 30 reactors at an approximate cost of $85 billion Ending over a year-long negotiation on uranium exports to India, Australia has finalised an agreement allowing the energy-starved country to begin import of the fuel to meet its energy production requirement. “The Australia-India Nuclear Cooperation Agreement permits Australian companies to commence commercial uranium exports to India. This Agreement provides the framework for substantial new trade in energy between Australia and India,” Australia’s Minister of Foreign Affairs said in a statement. Uranium imports from Australia will help India generate enough electricity to meet its ever-rising domestic demand for energy. “The administrative arrangements have ...