Wednesday, July 23, 2008

Indian governmentt, markets celebrate vote win

India's government Wednesday celebrated winning a parliamentary vote that clears the way for a controversial nuclear deal with the United States it says will help lift millions from poverty.

After two days of often chaotic debate , the Congress-led coalition of Prime Minister Manmohan Singh late Tuesday survived a confidence vote in parliament, beating a challenge from the mainly left-wing and Hindu nationalist opposition. . . .

The agreement, unveiled in 2005, will allow the United States to sell nuclear plants and related technology to India once it has separated its civil and military programmes and accepted a certain level of UN inspections.

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