via the Arms Control Association
The earlier iteration, i.e. Draft 2 is here.
In his analysis, the ACA's Daryl Kimball attacks the waiver in hyperbolic terms, calling it a "non-proliferation disaster of historic proportions". But he also says (perhaps with an eye on the opposition BJP's idiotic rhetoric in India) that it falls short of the Government of India's benchmark of a 'clean and unconditional' waiver.
I don't agree with either of these propositions but am too sleepy to write my own analysis now as it's midnight in Vienna. I will weigh in by tomorrow or day after.
But I think Daryl and everyone on all sides of this debate in the U.S. and India should stop making apocalyptic predictions based on worst-case scenarios (like 'India will test', or 'India will become a client state') and reflect a little about the kind of cooperative relationship India and the NSG might have with each other in the years ahead. Understanding and managing the politics within the NSG even while remaining outside and in compliance with its guidelines will be an important challenge for Indian diplomacy in the years ahead. Until the NSG makes India a member a few years from now.