Cabinet under the Leadership of PM Modi has greenlit the SHANTI Bill (Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India).

PM Modi and the Cabinet claims that it will end the long lasted monompoly of NPCIL in Nuclear Sector and will promote innovations in nuclear sector and help India in achieving its target of 100GW energy through nuclear sector by 2047. India currently produces 8,880 megawatts energy from currently operational 25 nuclear reactors, 17 more are currently under construction which will help India achieve 22,000 megawatts of energy by 2032.

This bill is said to consolidate fragmented laws, Plug regulatory laws etc. It is shown as a framework to boost India's true nuclear potential. It is slated for tabling in upcoming Monday or tuesday of next week.

This bill mainly modernises the current Atomic Energy Act 1962. According to the new proposals it grants entry of private players in activities regarding this sector such as atomic mineral exploration, fuel fabrication, equipment manufacturing, and select plant operations after verified licensing and approval.

To uphold the new rules and regulations, a new independent Nuclear safety authority will be made which will overview the operations and safety in this sector and is said to ensure International Standards.

To further lure private investments the Civil Liability for Nuclear Damage Act has been revised and many goverenment gaurantees will be offered.

The goverenment body of NPCIL for this sector targets 50% of this 100GW target, so the other 50GW is free for Private sectors to dominate.

So far, this idea seems good. I, from the start have showed this bills positives and negatives in my previous posts as well.

As long as rules and regulations are upholded (Which is not always the case) this is a good intiative. We know how sloppy goverenment bodies are, and the private sector should not be restricted from this sector if India wants to grow, but also, this should be ensured that no single private company monopolises this sector, small comapnies should also be promoted in this sector by additional benefits and the nuclear authority, rather than only upholding rules, should also ensure fair competition so that small companies are not eaten up by the new ones.

We should also propose a Standard Technology Criteria for this sector which should be set up by goverenment and should clearly state atleast the minimum level of technology required for energy production in this sector and should be revised in every 20-30 years on average with changing times and new technologies should be added. Not just that, in such sitauations when the transformation from one gen tech to another gen tech is being conducted, the Goverenment should monetarily support Small Private players in this sector for smooth transformation and so that they don't lag behind others. These were my opinions.

What do you think about this update and my opinions. Do you support this? Do let me know in comments.

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