NEW DELHI (Reuters) - A parliamentary panel on Wednesday recommended changes to a bill aimed at opening up Indias $150 billion nuclear power market, which included trebling the accident compensation burden and extending the liability cover to private suppliers. The panel, formed by the government after political opposition to the bill, presented its recommendations to parliament on Wednesday. It suggested the bill, which will facilitate the entry of firms as US-based General Electric and Westinghouse Electric, a subsidiary of Japans Toshiba Corp, fix the liability cap on the state-run operator at $320 million. The recommendations, if accepted, would mean higher costs for private firms by way of higher insurance premiums, but will bring in policy clarity which will help speed up projects. The original draft law had capped liability at about $110 million for the state-run reactor operator without placing any compensation burden on private suppliers and contractors. It has been the attempt of the committee to ensure that the bill is in line with Indias expectations in terms of adequacy and promptness of payment of compensation and also to enable Indian nuclear industry to grow by not subjecting to excessive burden, the panel said in its report. The bill is important for private companies whose liabilities are not underwritten by their governments as is done by the governments of Russia and France. Compensation claims from one nuclear accident could be enough to bankrupt a private company. The bill has the personal backing of PM Manmohan Singh whose 2008 deal with former US president George Bush ended Indias isolation in the global nuclear market. The government is keen on ratifying the nuclear bill and smoothing entry for global firms, including those from the US, before President Barack Obamas November visit to India.