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Why in the news? India and the US reaffirmed their commitment to the 123 Civil Nuclear Agreement and SMR collaboration. Key challenges include amending India’s nuclear laws and securing an exemption from the US ‘810’ regulation, which restricts nuclear technology transfers. US-India Nuclear Energy Partnership: Current Developments India and the US reaffirmed their commitment to …
Read MoreDiscuss India’s commitment to nuclear energy as a solution for energy security. What are the key challenges in achieving its nuclear energy targets, and how can these challenges be addressed? Answer: India’s commitment to nuclear energy is driven by its need for energy security, economic growth, and environmental sustainability. As the country aims to transition …
Read MoreFor years, nuclear energy was sidelined due to safety concerns, but it is now regaining prominence as a viable solution for India’s energy security and sustainability. The recent visit of Prime Minister Narendra Modi and French President Emmanuel Macron to ITER in Marseille underscores the growing political commitment to nuclear power. Japan’s shift in stance, …
Read MoreEconomic Implications: The Pros and Cons India-US Energy Trade: Benefits and Challenges Pros: 1. Energy Security & Diversification – Reducing dependency on a single region ensures uninterrupted supply and mitigates risks from geopolitical tensions. 2. Reduced Price Volatility – US oil imports help buffer India from OPEC+ production cuts that often cause sharp price fluctuations. …
Read MoreIndia has taken a significant step toward securing its energy transition and industrial future by adopting a holistic policy for critical minerals. The Union Cabinet recently approved the ₹12,400 crore National Critical Minerals Mission (NCMM), initially announced in the July 2024 budget. This initiative aims to ensure a sustainable supply of essential minerals needed for …
Read MoreSyllabus: GS 2: India and neighbourhood relations . Development of India’s relation with the west. Why in the News? The U.S.-India civil nuclear deal, signed in 2008, remains underutilized despite its transformative potential. Recent U.S. announcements on removing nuclear entities from the Entity List have rekindled hopes for progress. The U.S.-India civil nuclear deal: The …
Read MoreWhy in the news? The US imposed sweeping sanctions on Russia’s oil trade, affecting tankers, companies, and insurance, potentially disrupting India’s crude oil imports. Russia remains India’s largest oil supplier, necessitating alternative arrangements amidst global market instability. About New Sanctions and Targets: The outgoing US administration imposed significant sanctions on Russia’s oil trade, targeting 183 …
Read MoreWhy in the news? Ukraine halted Russian gas transit to Europe on January 1, 2025, ending decades of supply dominance. This move, driven by Europe’s reduced reliance on Russian energy, impacts Ukraine’s revenue and Russia’s market share significantly. Ukraine Halts Russian Gas Transit to Europe: On January 1, 2025, Ukraine ceased the transit of Russian …
Read MoreWhy in the news? Crude oil prices steadied after a rise in U.S. gasoline stockpiles and the postponement of an OPEC+ meeting, highlighting the alliance’s critical role in stabilizing global energy markets and influencing international economic trends. Overview of OPEC and OPEC+ : OPEC+ is a coalition of 22 oil-exporting countries formed in 2016 to …
Read MoreWhy in the news? India and the US signed an agreement to strengthen critical mineral supply chains amid concerns over China’s control and recent export restrictions affecting cleantech industries. Agreement Details: Context: Amid rising concerns over China’s control of critical minerals, particularly in clean tech, India and the US signed an agreement to enhance the …
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