India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Saturday, September 06, 2008
BREAKING - Deal Done - NSG Waiver for India
India’s attempt to end its nuclear isolation on Saturday finally found triumph, as the NSG gave a clean waiver for the nuclear deal. An official statement confirming the end of India’s nuclear apartheid came after hard bargaining with the four major opponents China, Austria, New Zealand and Ireland.
The negotiations went down to the wire as the four countries looked set to scuttle India’s aspirations to join the high table with major nuclear powers.
It is believed that the decision finally to give India the go ahead was decided at the highest level. Reports coming in earlier suggested that US President Bush had to speak with Chinese President Hu Jintao to gather consensus. It is believed that the decision finally to give India the go ahead was decided at the highest level. Reports coming in earlier suggested that US President Bush had to speak with Chinese President Hu Jintao to gather consensus.
The first country to buy the Indian argument was Austria, which always spearheads all non-proliferation measures. Once Austria was convinced the others fell in line.
On D-Day today, several countries including China did not attend the meeting.
Immediately after the deal came through, President Bush called up Prime Minister Manmohan Singh to congratulate him.