A model forN-N interaction proposed earlier by two of us (VSB and VKG), has been extended to incorporate the tensor component of the nuclear force. Based on the quark compound bag model (QCB), the nucleon-nucleon potential has a short range repulsive core which is non-local and has a characteristic energy dependence and is expressed in terms of the parameters relating to the six-quark compound bag. To account for the low energy properties, this repulsive core interaction is supplemented by a phenomenological non-local potential containing both central (S-wave) and tensor components and operates only outside the QCB. Using this model, we analyse and compare the results with the experimental data for the electromagnetic form factors of the deuteron, theD-state observables, such as the quadrupole moment, theD-state probability, and theD/S ratio along with then-p scattering phase shifts up to about 400 MeV.