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Indo-US N-deal gets nod on Gandhi Jayanti
Published on: October 02, 2008 at 11:05
Commodity Online
WASHINGTON: Finally Indo-US nuclear deal has reached its destination. After months of turmoil and discussions, the US Senate put its stamp of approval on the controversial Indo-US nuclear deal when the Senate overwhelmingly voted a Bill rejecting all the killer amendments.

The deal, entered into between Prime Minister Manmohan Singh and President Geroge Bush in 2005, was okayed by the Senate with 86 voting for and 13 against with bi-partisan support after rejecting the killer amendments moved by two Democratic Senators.

Democratic vice-presidential candidate Joe Biden, a strong supporter of India, also voted for the Bill. The Bill, which has already been cleared by the House of Representatives, will now head to the White House for Bush’s approval.

With the Senate vote, the deal is now ready for signing by US Secretary of State Condoleeza Rice when she arrives in New Delhi on her rescheduled trip on Saturday with external affairs minister Pranab Mukherjee.
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In India, gold is considered as one of the prestigious instruments of investment among the household consumers. Small household units are now becoming potential investors for gold from the key consumers. The demand for consumption purpose is no longer the main driver of demand for the yellow metal, but the systematic investments in retail gold investment options is the latest crush among the small investors in the country.
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