Hyderabad, Sep 28 (UNI) Communist Party of India (CPI) Central Secretariat Member D Raja today said the Left was opposing the nuclear deal with the US as it would lead to several disastrous implications for the country's economy and security.
Talking to newspersons here, he said there was no change in the party's stand on the issue.
Taking a strong objection to the statement of the Union Finance Minister P Chidambaram that it would be a monumental waste if India failed to grab the nuclear deal, he said it would really be a monumental waste if India clinched the deal with the US.
Instead of investing more on foreign reactors, India should invest on indigenous reactors, he said and alleged that the US was trying to market their nuclear reactors in private sector.
He said India should not clinch the deal hurriedly and insisted that the operationalising of the deal be put on hold to enable a detailed discussions on the matter.
He said the Joint Panel on the issue had met twice to look into the 123 Agreement, implications of the Hyde Act and how the deal would make an impact on the country's foreign policy and security.
He said the third meeting of the panel would be held on October 5.
If the government clinches the deal with the US, the party's National Executive would take a decision on October 30, he added.
Referring to the rumours of early elections, he said the Left Partes were extending issue based support to the UPA and it was for the UPA to talk about the elections.