Oz fund being used to make n-weapons in India, US: Report
- Sports court tears Narsingh Yadav defence, NADA’s credibility
- Ramya on sedition case: Will not apologise for my Pakistan remark, said nothing wrong
- I can't fight against the government or AFI, but I know the truth: OP Jaisha
- From Rajasthan to Bihar: Tracking floods in north India
- Kashmir unrest: Curfew lifted from parts of Srinagar
Australian government's 74 billion dollar Future Fund has come under scrutiny after a report said that the money was being used to make components for nuclear weapons for US, Britain, France and India.
According to 'The Age', records obtained under freedom of information laws said that funds of 135.4 million dollars invested in 15 companies involved in the design, production and maintenance of nuclear weapons for the United States, Britain, France and India.
It further added that about 3.8 million dollars of this is invested in Larsen & Toubro, a Mumbai-based company that is involved in building a fleet of nuclear-armed submarines for India and had also helped test a launch system for nation's nuclear missiles.
When asked to comment on the report L&T spokesman said, "We would not like to comment on it."
The report stressed that any investment involving the production of nuclear weapons for India was particularly controversial as it was not a signatory to NPT treaty.
The report quoted experts from the International Campaign to Abolish Nuclear Weapons who claimed the investments contravene the fund's policy because the manufacture of nuclear weapons is illegal in Australia.
- Cow protection, paradoxically, poses a threat to the BJP’s project of Hindu unity
- The government needs to distinguish between crooked NGOs and genuine ones
- India’s quest for Olympic medals is hampered by history and geography
- The Modi government is meeting its development targets before time
- Raja Mandala: The Great Wall of China
- Farm incomes may not revive despite good monsoon