Stating that the IAEA safeguards does not provide any price protection, he said, "Once the costly nuclear power plants find their way to India making the country compulsorily dependant on foreign fuel, the suppliers of Uranium 238 would definitely play the tricks to raise the supply price the same way petroleum crude suppliers are now doing."
The FOSET, he said, strongly felt that the deal had no contribution in solving the energy crisis, adding "as per revised plan of the government, even with the deal and addition of 40,000 MW plants, the percentage of nuclear power would rise to 8 per cent only, which is practically no substitution at all."
Describing the Indo-US nuclear pact as a "backdoor deal" having no sanction of the people, the FOSET slammed the UPA government for bypassing concerns of science and technology personnel.
"This further strengthens the suspicion that the deal is not in the interest of self-reliance in science and technology," he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
