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Proposed N-liability norms in India far less stringent than US
On the verge of opening up its nuclear power sector, India has proposed a legal liability limit of Rs 2,050 crore ($436 million) in case of a disaster, but in the US, operators have to shell out as much as $12.59 billion in case of an accident, a study said.
On the verge of opening up its nuclear power sector, India has proposed a legal liability limit of Rs 2,050 crore ($436 million) in case of a disaster, but in the US, operators have to shell out as much as $12.59 billion in case of an accident, a study said.
Furthermore, while the insurance coverage required by an operator in the US is as high as $12.5 billion, in India, it has been fixed at about $319.3 million (Rs 1,500 crore), a Confederation of Indian Industry (CII) study comparing comparison nuclear liability limits in various countries said.
However, the insurance required in India is higher than the $44.1 million cover required by operators in China and $216.5 million in Japan.
The Civil Liability for Nuclear Damage Bill, 2010, was adopted by the Lok Sabha through a voice vote on Wednesday.
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