India - Japan civil nuclear cooperation deadlock
1)
2 issues holding up the deal :
i.
data
sharing
ii.
weapons
testing
2)
1st issue : Japan
wants India to give nation-specific data over nuclear material like uranium,
plutonium and nuclear parts, which would account annually for every part of the
nuclear chain, according to its manufacturing country.
3)
2nd issue : A red line for India,
is that if India were to break its self-imposed moratorium on weapons testing,
Japan wants an immediate cancellation of the civilian nuclear deal.
4)
Japan would further seek a return of all Japanese-origin equipment
and parts, which would damage India’s energy security considerably.
5)
Japan’s key demand is that India sign a test ban treaty (the NPT
or the CTBT).
6)
India is hopeful of concluding the deal with Japan but is of the
opinion that it is “not critical” to the U.S. civil nuclear negotiations.
Why India's
opinion may be wrong?
1)
The U.S. companies that have been earmarked for nuclear plants in
India — GE and Westinghouse — produce nuclear reactors with Japanese companies
Mitsubishi and Toshiba respectively.
2)
The 400 MT metal casing containers made only by Japanese company Nisshin
Seiko Steel (with the only exceptions being Made in China).
3)
Lack of movement in the Indo-Japanese civilian nuclear deal may
also stall the India-U.S. deal.
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Quality-30 index
1)
The National Stock Exchange has launched ‘Quality
30’ index to capture the performance of stocks selected on quality parameters.
2)
The index aims to reflect performance of stocks of top 30 quality companies
chosen from a pool of 100 large and liquid companies listed on the NSE.
3)
Quality companies are identified on the basis of quality score,
which is based on high return on equity, low debt-to-equity ratio and
year-on-year growth in profit after tax over the last three years.
4)
The index would serve as a benchmark for investors looking to invest
in firms with durable business model, resulting in sustained profits and high
return on equity.
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