India to Develop New Uranium Safety Board

SMH reported India is creating a new Nuclear Safety Regulatory Authority to replace the Atomic Energy Regulatory Board.

As quoted in the market news:

The NSRA will be answerable to a clutch of government ministers who can direct the regulator, even sack its members, giving rise to allegations that the new body will be captive to government.

The controversial move comes as Australian officials prepare to begin negotiations with India about the sale of uranium to its civilian nuclear program.

Click here to read the full SMH report.