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Today'sPaper

Nuclearlogjam:India,U.S.toworkonnewproposals
SuhasiniHaidar
Revisedinsuranceschemetoreducesuppliersrisk

IndianandU.S.officialsareexpectedtomeetinDelhinextweektodiscusstwoproposalsmadebyIndiatoclearthe
nuclearlogjam,withanaddedpushcomingfromU.S.PresidentObamasimpendingvisitonJanuary24.
TheHinduhaslearntthattheproposalswereputforwardduringthefirstcontactgroupmeetingoncivilnuclearissues
heldonDecember1617thathadbeentaskedbyPresidentObamaandPrimeMinisterModiwithfindingawayaround
U.S.objectionstoIndiassupplierliabilitylaw.
Accordingtooneofficialpresentatthemeeting,IndiaputuparevisedproposalofaninsurancepoolusingGeneral
InsuranceCompany(GIC)toalleviatetherisktoU.S.suppliers.AnearlierproposalhadbeenmadeduringtheUPA
governmentstenureinMarch2014,buthadbeenrejected.OfficialssaythenewofferwouldincludeapoolofGIC,New
IndiaAssurance,OrientalInsurance,NationalInsuranceandUnitedIndia,thatwouldgenerateariskcoverofabout
$242million.
Asecondproposal,thatUSofficialshavetakenbacktodiscusswithlawyersandrepresentativesofAmerican
companiesGEHitachiandWestinghouse,wouldentailaclarificationofSection46ofthelawthathasbeen
describedasvague.Atpresent,Section46saysthatnothinginthelawwillexempttheoperatorfromany
proceedingwhichmight,apartfromtheact,beinstitutedagainsttheoperator.ThishasbeenreadtomeanthatU.S.
supplierscouldfacetortclaims,thatis,besuedbyvictimsofanaccidentwherethenuclearpartsaredeemedfaulty.
U.S.officialswillbringbothproposalsbacktoDelhinextweek.
AnearlierproposalmadeduringUPAstenurehadbeenrejected