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...significance of the deal, known as the 123 Agreement, cannot be overestimated. In addition to reversing 34 years of U.S. policy opposing nuclear cooperation with India - a nuclear weapons state that continues to refuse to sign the 1968 Nuclear Non-Proliferation Treaty - the deal wins acceptance for India's de facto nuclear weapons state status at the Nuclear Suppliers Group, the international cartel that controls trade in nuclear weapons, fuel and technology. That recognition will finally allow India to take part in international nuclear commerce and its scientists to participate in international nuclear research activities. For India, the approval...

Author: /time Magazine | Title: US-India Nuclear Deal Goes Through | 10/2/2008 | See Source »

...made a "political" but not "legally-binding" commitment to assure fuel supply to India has upset many. Others, however, point out that assured fuel supply depends on India sticking to the commitments it has made to the International Atomic Energy Agency (with which it has signed a 'safeguards agreement' opening its civilian nuclear reactors to IAEA inspections), the NSG and to the U.S. with regard to non-proliferation and not testing another nuclear weapon. India, with its clean non-proliferation record and unilateral moratorium on testing, has nothing to fear, they stress." In fact, non-proliferationists...

Author: /time Magazine | Title: US-India Nuclear Deal Goes Through | 10/2/2008 | See Source »

...thing India does not doubt is that the 123 Agreement will transform the way the country is viewed in the eyes of world. According to strategic affairs analyst Manoj Joshi, without access to international nuclear trade, India "could boast of our bomb, our BPO prowess, economic growth, invites to the G-8 meetings and candidacy for the UN Security Council seat? But we were firmly at a different level from, say, China. They could import powerful computers, uranium, sensitive machine tools, software and components for satellites that were denied to us." Today, that changed, as did the international community...

Author: /time Magazine | Title: US-India Nuclear Deal Goes Through | 10/2/2008 | See Source »

...Senate went back to deliberating the financial bailout package. The Bush administration had achieved one of its most important foreign affairs successes, but there was more pressing business to be sorted out at home. Secretary of State Condoleezza Rice is expected in India later this week to ink the agreement with Indian External Affairs Minister Pranab Mukherjee. In India, news channels interspersed images from the deal being passed with footage of Oct. 2 bomb blasts in the northeastern state of Tripura. Neither of the governments that led these historic efforts will benefit from it today. But for both, the deal...

Author: /time Magazine | Title: US-India Nuclear Deal Goes Through | 10/2/2008 | See Source »

...star begins to sing, and no spot-boys to keep the sets functioning, film and TV shoots have ground to a halt because of the action brought by the Federation of Western India Cine Employees. "All shoots are off. The producers have not stuck to the terms of the agreement they signed with us 1 1/2 years back," says Dinesh Chaturvedi, general secretary of the federation. The timing will hurt films slated for release around the Hindu festival of Diwali; along with this week's Muslim festival of Eid al-Fitr, this period usually triggers some of Bollywood's biggest...

Author: /time Magazine | Title: The Bollywood Strike Hits Festival Season | 10/2/2008 | See Source »

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