The SHANTI Bill, 2025, aimed at opening the nuclear power sector to private players, was passed by the Rajya Sabha on Thursday.
The Lok Sabha had already passed the Bill on Wednesday.
The Bill limits the liability of suppliers in case of a nuclear accident.
The Union MoS for Atomic Energy, Jitendra Singh, assured that safety protocols remain the same as in the Atomic Energy Act of 1962.
The Atomic Energy Regulatory Board will have statutory power under the new Bill.
Detailed Insights:
The SHANTI Bill aims to encourage private sector participation in the nuclear power sector, with the government retaining custody of source material, fissile material, and spent fuel.
Concerns were raised by some members of parliament regarding the potential reduction of government oversight and the prioritization of private interests over public safety.
The government stated that graded liability provisions in the Bill would enable smaller players to invest in small modular nuclear reactors.
The existing Atomic Energy Regulatory Board is given statutory power under the Bill.
The Bill maintains that source material, fissile material, and spent fuel will remain in government custody.
Key Concepts Involved:
Fissile Material: Material capable of sustaining a nuclear fission chain reaction.
Small Modular Reactors (SMRs): Nuclear fission reactors that are smaller than conventional reactors and can be factory-fabricated.
Atomic Energy Regulatory Board (AERB): The regulatory body in India responsible for nuclear and radiation safety.