The Indo-Australian civil nuclear cooperation agreement, which came into force, received the stamp of approval of the Union Cabinet.
The civil nuclear cooperation agreement with Australia was brought into force on November 13, along with the administrative arrangement for implementing the accord.
Signed last year, the deal follows similar agreements with the U.S. and France. It is a step toward India achieving international acceptability for its nuclear programme despite not ratifying the nuclear non-proliferation treaty.
India, which has nuclear energy contributing just 3 per cent of its electricity generation, will be the first country to buy Australian uranium without being a signatory to the nuclear non-proliferation treaty.
India and Australia began talks on the civil nuclear cooperation agreement in 2012 after Australia lifted a long-standing ban on selling uranium to energy-starved India.
India has less than two dozen small reactors at six sites with a capacity of 4,780 MW, or 2 per cent of its total power capacity. It is plans to increase its nuclear capacity to 63,000 MW by 2032 by adding nearly 30 reactors at an estimated cost of USD 85 billion.
It currently has nuclear energy agreements with 11 countries and imports uranium from France, Russia and Kazakhstan.
Current Affairs: 30th December, 2015 Important Days in November and December Current Affairs bullet points Round up 15th to 21st December, 2015 Current Affairs Round up November, 2015.
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