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Although I think I disagree with this (it's a tough issue), people need to learn the difference between enriching uranium and peaceful use of uranium.
To build a nuclear bomb, you need highly enriched uranium. To learn how to do that is a really complicated process, but once you learn how to enrich uranium good enough, it is a piece of a cake to build a nuclear bomb (we learnt how to do that in physics class a couple of weeks ago...). Any decent engineer could make one, given enriched enough uran.
So in this deal, as far as I understand it, NPT countries will be able to sell already enriched uranium (which is only enriched enough to make use of it in a power plant, and would not help at all for making a nuclear bomb) to India. It would also place all of India's peaceful nuclear facilities under IAEA inspection.
Meanwhile, Iran is trying to learn how to enrich uranium (their centrifuges are designed in a way that is not necessarily for a peaceful purpose). So basically, once they got the enriching part right, they will have the bomb in no time. So while no one denies Iran the "right" to peaceful nuclear power, the issue is totally different there. Also Iran has been offered a similar deal to that of India (and ever more generous), but refused to accept for reasons that are obvious (they want the bomb).
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