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INDIA RATIFIES CONVENTION TO ADDRESS CIVIL NUCLEAR LIABILITIES


India submitted the Instrument of Ratification of the Convention on Supplementary Compensation for Nuclear Damage, 
1997 to the International Atomic Energy Agency (IAEA), the depository of the said Convention, at Vienna on Thursday in what would facilitate its nuclear commerce with international partners.

Indian Ambassador to Austria and Permanent Representative of India to IAEA Rajiva Misra handed over the Instrument of Ratification to Acting Director General of IAEA, Juan Carlos Lentijo.The Convention will come into force for India 90 days from the date of deposit of the ratification instrument, which is May 4, 2016.

 "This marks a conclusive step in the addressing of issues related to civil nuclear liability in India, marked earlier by the release of FAQs on Civil Nuclear Liability in February 2015 and the launch of the India Nuclear Insurance Pool (INIP) in June 2015,"

 MEA noted in a statement. In 2010 India had signed the Convention on Supplementary Compensation (CSC), which sets parameters on a nuclear operator's financial liability, at the IAEA in Vienna.The international convention provides for compensation in case of trans-national implications of a nuclear accident.
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