LAKSH Career Academy

LAKSH Career Academy
Author: Hiren Dave

Friday 17 April 2015

17 APRIL 2015: Modi inks $350m nuclear agreement in Ottawa

Ø  Six major areas of bilateral cooperation received a strong boost from the ongoing visit of Prime Minister Narendra Modi to Canada. Mr Modi has inked deals with his counterpart, Stephen Harper, on civil aviation, railways, education, space, social security and health, in addition to giving a major boost to negotiations on nuclear and broader economic cooperation.
Ø  A $350-million Indo-Canadian nuclear agreement has emerged the hallmark achievement of Prime Minister Narendra Modi’s summit with his counterpart here, not only for its potential to meet India’s energy demands but also for the new era of “trust” between the two nations. Mr. Modi expressed confidence on Wednesday that the deal with the Saskatoon-based Cameco Corporation would help to supply reactors to India, with up to seven million pounds of uranium concentrate over five years.
Ø  India’s ‘Parrot Lady’ is to return home, after Canadian Prime Minister Stephen Harper on Wednesday handed over to his counterpart, Narendra Modi, the 800-year-old Indian sandstone sculpture of a woman holding a parrot. The sculpture dates back to the 12th century. It was returned in accordance with the 1970 UNESCO Convention, tweeted External Affairs Ministry spokesperson Syed Akbaruddin. “Canada returns Indian heritage piece —— “Parrot Lady” PM @narendramodi receives sandstone sculpture from Khajuraho,” he tweeted. Mr. Modi came bearing a gift for Canadians and the cheers were loudest when Mr. Harper announced what it was — the inclusion of Canada in the list of nations receiving a visa-on-arrival from India.

Ø  Following policy discussions in Ottawa and rousing community reception in Toronto on Wednesday, Prime Minister Narendra Modi sat down with top officials from Canada’s major pension funds to convince them that India’s infrastructure investment story could be a lucrative opportunity for them.

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