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POTUS at the Parade: A Game Change


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Ramesh
Nuclear liability issue is similar to broken window theory
by Ramesh on Jan 23, 2015 06:16 AM  | Hide replies

On nuclear liability issue, BJP apparently employs India first policy, but this is no relevant here. It is necessary to distinguish between interests of the people and those of Indian institutions.

The nuclear liability law has been tilted to favor operators over the suppliers. Thereafter to please suppliers liability amount is subject to ceiling. The real losers are people and civic bodies needing compensation in case of mishaps. Such a ceiling encourage a trade off approach to risk in design. If there were no legal limits, the reliability criterion of design would be far more stringent.

Since operators in India are all government bodies, the liability law loads supplier with risk, and compromise thereafter hurts people in the vicinity. Unless a clear break in made to conform fully to international norms and accord priority to people over institutions, the motive of this government will remain clouded.

This deviation from international norms creates a dissonance which is better set right with clean conformance to international norms, thereby acquire a clean image that this government not only means business, it puts its own people above government and business institutions. A lawful government with fidelity to people, thereby earning trust of citizens, is a major determinant factor of problem solving ability to deliver faster growth.

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Ramesh
Re: Nuclear liability issue is similar to broken window theory
by Ramesh on Jan 23, 2015 06:33 AM
If the liability law is harmonized with international liability norms, which are designed to minimize accidents not protect any sectional interest, the criterion of international norm can be applied to other aspects of N-power generation.

Ideal scenario for India is to be treated as NPT signatory at par with P-5. All policies and procedures consistent with such signatory status would protect Indian interests far better, and would be steps in that direction. The current Indian stance is a one off one, it has caused severe confusion and impasse, and slows down Indian growth trajectory.

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Ramesh
Re: Re: Nuclear liability issue is similar to broken window theor
by Ramesh on Jan 23, 2015 06:46 AM
The receiving gift mentality which few senior Indian thinkers have exhibited takes India nowhere. US has no centralized decision making mechanism, unlike China and Japan to shoo in investments.

Yet the investment from US and its consequence to Indian development can be far higher than those two nations on a sustained basis. This calls for opportunity creation via reciprocal law making and other forms of legal linkages. One the legal infrastructure is in place, equitable and fair to concerned private parties, people of two nations will do the rest.

It is creating the right image by signaling intent for clean and sensible business ambience, new pathways for future growth can be found. May be we should pray for such sensibility to dawn on decision makers.

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vilas kulkarni
POTUS at the Parade: A Game Change
by vilas kulkarni on Jan 22, 2015 09:29 AM

the game is same but approach is different, what he wants to do Kerry is doing.Though osama was sheltered by Pakistan and killed in Pakistan Obama didn't uttered single word about Pakistan.But Pakistan condemned USA and asked to vacate its Airfield.USA is not in a position to control pakistan.To avoid lenience of Pakistan towards china it assists Pakistan.It supplies arms to Pakista.Pakistan supplies those arms to terrorists.This not new welknown to the world.obama warned not to attack India on 28th and 27th.That shows its limitation

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