CURRENT AFFAIRS

Detailed explanation-1: -Bush, under which India agreed to separate its civil and military nuclear facilities and to place all its civil nuclear facilities under International Atomic Energy Agency (IAEA) safeguards and, in exchange, the United States agreed to work toward full civil nuclear cooperation with India.

Detailed explanation-2: -Deals with Other Countries: Post waiver, India signed nuclear cooperation agreements for peaceful means with the US, France, Russia, Canada, Argentina, Australia, Sri Lanka, United Kingdom, Japan, Vietnam, Bangladesh, Kazakhstan and Korea.

Detailed explanation-3: -Why is it called 123 Agreement? The bilateral “Agreement for Co-operation between the Government of India and the Government of the United States of America concerning Peaceful Uses of Nuclear Energy” has been done in view of the requirement for the US side under Section 123 of its Atomic Energy Act 1954.

Detailed explanation-4: -Under the agreement, Japanese firms may supply nuclear materials, equipment and technologies to India for “peaceful and non-explosive purposes.” The companies may also provide support services for designing, building and operating reactors.