India, Dec. 18 -- Parliament passed the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill on Thursday.

The Bill, which was cleared by Lok Sabha on Wednesday, was introduced in Parliament on Monday by Union minister for state for atomic energy Jitendra Singh.

The legislation proposes the grant of licences to private companies to operate nuclear power plants, the removal of an existing contentious liability clause for suppliers of fuel and technology, as well as the rationalisation of the levels of payouts by operators in case of accidents.

It further aims to boost investments in the nuclear power sector in order to help India achieve its ambitious target of 100 GW of nuclear power capacity by ...