This is why foreign companies love to do business in india .... our govt takes care of the liability of your faulty products with our own tax payers money ...... The Department of Atomic Energy (DAE) is pursuing the matter with the Ministry of Finance for creation of the pool after no single insurance company, including the General Insurance Company, expressed its ability to provide financial cover to the nuclear plants considering the huge monetary requirement. Under the Liability Law, compensation of up to Rs 1500 crore will have to be paid in case of a mishap involving a nuclear plant. At present, India has 20 nuclear plants and their number is expected to grow as the industry expands.
Posted on: Tue, 22 Apr 2014 05:14:54 +0000
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