“We are seeing interest from global nuclear suppliers to buy the policy to cover their liabilities,” said Alice Vaidyan, chairman and manag...

GIC Re, India’s national reinsurer has succeeded in roping in a foreign player- Nuclear Risk Insurers to launch its Rs 1500 cr Nuclear Insu...

Indian laws limit a nuclear plant operators liability at Rs 1500 crore. This cover is usually provided by insurance companies.

There is no breakthrough on liability for nuclear power plants, only some ideas on how to move forward. Finally, it’s not enough to convinc...

The declaration will be given by Rohatgi to address US concerns over Clause 46 of the Civil Liability Nuclear Damage Act that allows for un...

However, another major concern of US nuclear majors like Westinghouse over waiving full liability in case of an accident remains unresolved.

The use of imported nuclear fuel has enabled these reactors to operate at full power over long time periods, the minister added.

Some international as well as domestic suppliers have expressed concern regarding non-availability of cover for their risks, said MoS for A...

Govt is working towards forming a nuclear insurance pool to cover the nuclear facilities, involving General Insurance Company and New India...

Under the Liability Law, compensation of upto Rs 1500 crore will have to be paid in case of a mishap involving a nuclear plant.

India and Russia are involved in talks to sort out the nuclear liability issues before they sign an agreement for setting up Units III and ...

Suppliers should have a clear sense of what to expect so that they can be prepared with adequate liability insurance.

Domestic insurers have said they can insure only a fourth of the $320 million liability cover mandated by the government for nuclear plant ...

The Civil Liability Bill is a much-needed requirement & its opponents should focus on strengthening mechanism for compensation.

The N- bill if passed, would enable India to tap intl funds for compensation in case of nuke accidents.

Lack of clarity on insurance cover for nuke plants has stalled efforts to set up new units by private companies.

The limited liability clause could bring cheer to multinationals who are looking at billions of dollars worth of business in India.