STOCK MARKET BSE NSE

India, Russia to sign 5 agreements; Kudankulam pact unlikely

Published: 20th October 2013 08:40 PM  |   Last Updated: 20th October 2013 08:44 PM   |  A+A-

India's plans to wrap up a quick nuclear deal with Russia on the setting up of two new units at Kudankulam have received a jolt with a commercial agreement on it unlikely to be signed here tomorrow during Prime Minister Manmohan Singh's talks with President Vladimir Putin as legal hitches appear to have cropped up over the liability law.

The prime minister arrived here today to a red carpet welcome on a bright and cold afternoon for his fifth annual summit and was received by Russian Vice Foreign Minister Mikhail Bogdanov and later given a ceremonial guard of honour.

Significantly, neither in his departure statement in Delhi nor in his arrival remarks here, the prime minister referred to the much-talked about nuclear deal with Russia for the Kudankulam Nuclear Power Project (KNPP).

Top government sources said lawyers of both the sides have to clear the text of the agreement on the Units 3 and 4 reactors in the Russian-aided project in Tirunelveli district of Tamil Nadu before it can be approved.

Singh told the media on his arrival here that India and Russia share a privileged, special partnership and this is why the 14th Summit is taking place.

"We are going to review our partnership and its progress in diverse fields such as atomic energy, defence cooperation, space cooperation, science and technology, trade and investment and also review the international and regional development and how they impact on our two countries and how we can work together to keep the world safe for peace and prosperity," the Prime Minister said.

At the summit, India and Russia are to sign five agreements tomorrow including one on Transfer of Sentenced Persons that will facilitate the process of social rehabilitation of sentenced persons of the other country by providing the opportunity to serve their sentences in their country under certain conditions.

On the nuclear deal, government sources said: "we are close (to an agreement). Most of the issues have been settled except one which is now with the lawyers of both the sides.

They have to clear the finalised text." 

"In any case", the sources said, "it (agreement) won't be signed during the visit because it is a commercial agreement between NPCIL and Rosatom. They would like to do it separately," the sources said.


Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp