For Nuclear Damage India Has Approved Convention on Supplementary Compensation [ Current News (Concise) ]

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Convention on Supplementary Compensation which sets parameters on a nuclear operator’s financial liability. And regarding to this, India has submitted the Instrument of Ratification of the CSC to the International Atomic Energy Agency (IAEA). It will come into force after 90 days, approximately in May 2016.

Benefits:

  • With this it will increase India’s nuclear commerce with international partners.
  • And it will also contribute to support an international convention and global nuclear liability rule.

About Convention on Supplementary Compensation for Nuclear Damage (CSC)

  • It is try to establish a uniform global legal rule for compensation to victims in the improbable event of a nuclear accident.
  • On 12 September 1997, it was accepted and came in the force after approval by at least 5 countries which have minimum of 400, 000 units of installed nuclear capacity.
  • It has been enclosed in reliable principles of Vienna Convention on Civil Liability for Nuclear Damage (1963) and the Paris Convention on Third Party Liability in the Field of Nuclear Energy (1960).
  • It also offers a constant structure for channeling liability and providing speedy compensation after the nuclear accident.
  • To support a higher level of nuclear safety in agreement with the principles of international partnership and solidarity it inspire regional and global co-operation.
  • For their presence of nuclear installations on their territories or involvement in existing nuclear liability conventions all states are allowed to participate in.
  • In 2010, India had signed it with the aim to deliver its commitments for stemming the landmark 2005 nuclear agreement with the United States.

- Published/Last Modified on: February 8, 2016