CURRENT AFFAIRS

Detailed explanation-1: -The 123 Agreement signed between the United States of America and the Republic of India is known as the U.S.–India Civil Nuclear Agreement or Indo-US nuclear deal. The framework for this agreement was a July 18, 2005, joint statement by then Indian Prime Minister Manmohan Singh and then U.S. President George W.

Detailed explanation-2: -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: -On July 18, 2005, the U.S. and India announced the launch of the Civil Nuclear Cooperation Initiative. Under the parameters of this initiative, India will commit all of its civilian nuclear facilities to IAEA safeguards.

Detailed explanation-4: -The deal is significant as it will help guarantee Japan’s continued support to India’s civil nuclear programme. Under the agreement, Japanese firms may supply nuclear materials, equipment and technologies to India for “peaceful and non-explosive purposes.”