India Canada inks Civil Nuclear agreement

28 June 2010 - Nksagar - India and Canada have signed a Civilian Nuclear Cooperation Agreement that will enable the supply of nuclear material and technology to India by Canada. The agreement was signed in Toronto by the Prime Minister Dr Manmohan Singh with his Canadian counterpart Stephen Harper.

Addressing a joint press conference after the signing of the agreement with the Canadian Prime Minister Stephen Harper, Dr Manmohan Singh said the nuclear material that Canada will supply under the agreement, will be fully safeguarded under the terms of the agreement with the International Atomic Energy Agency.

The Canadian Prime Minister said India is very forthcoming with safeguards and he
has absolute confidence on those matters.India and Canada also signed three MoUs in the areas of Earth Science and Mining, Culture and Higher Education.

G20 Summit that concluded in Toronto committed to taking concerted actions to sustain the global economic recovery process, creates jobs and to achieve stronger, more sustainable and more balanced growth. The Summit declaration issued at the end of the Summit said that the actions will be differentiated and tailored to national circumstances. The Summit has also eventually agreed to take different paths for cutting budget deficits and making there banking systems safer under the existing circumstances of an uneven and fragile economic recovery in many countries.

Prime Minister Manmohan Singh told the G-20 Summit in Toronto that the global recovery "is still very fragile" and therefore there was need to give primacy to consolidating the recovery while taking measured steps to deal with the sovereign debt problems.The economist-Prime Minister also called for firmly resisting threats of new protectionist measures in industrialised countries and existing barriers to trade, especially those affecting developing countries.

There is no unanimity on when and how to withdraw the stimulus for global recovery that was agreed in London last year at the Summit, the fourth of its kind in two years starting from Washington at the height of the financial crisis in 2008, with the theme "Recovery: New Beginnings".
Countries like Britain, France and Germany want a quick end to the stimulus so that government deficit does not shoot through the roof but nations like India and the US are favouring a calibrated exit.
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