CURRENT AFFAIRS

Detailed explanation-1: -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-2: -Oct 10, 2008: The 123 Agreement between India and US is finally operationalized between the two countries after the deal is signed by External Affairs Minister Mukherjee and his counterpart, Secretary of State Rice, in Washington.

Detailed explanation-3: -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-4: -On August 1, 2008 the IAEA Board of Governors approved India’s safeguards agreement, paving the way for India’s consideration at the Nuclear Suppliers Group. Currently, the United States is seeking a Nuclear Suppliers Group exemption in order to permit trade with India’s expanding peaceful nuclear sector.