World Bank approves $4.3-bn loan to India
Updated at: 0917 PST, Thursday, September 24, 2009
World Bank approves $4.3-bn loan to India WASHINGTON: The World Bank today approved four loans worth $4.3 billion to help India finance its infrastructure programmes and further strengthen the capital base of state-run banks.
The approved loan includes a budgetary support of $2 billion for capital infusion in select public sector banks to help them maintain credit growth.
The approval also includes a $1.2-billion lending for the government-run India Infrastructure Finance Company Ltd (IIFCL) that will provide long-term funds to public-private partnership (PPP) projects in road, port and power sector.
The Indian government has estimated that public sector banks will require at least $4.8 billion during 2009-11 to maintain credit growth over the medium term.
For the infrastructure sector, the Indian Planning Commission has estimated that an investment of $500 billion is required during the Eleventh five-year plan (2007-12).
The World Bank loan also includes $1 billion loan for Power Grid and $150 million for improving water supply and sanitation project in 2,600 villages of Andhra Pradesh.
its one thing beings poor, no need to mock poverty no respectable person doings it (hendis dont have any honour of course,beings a coward race of weaklings)
buts beings an ingrate dastardly backward slimy ugly monkey worshipper is a whole another ballgameds..
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I am old Christiankiller
Sorry for offensive to our good religion christian brothers
I am not hating christians
"indian growth rate has decreased to only 5.6% as compared to 10% in prev years and the govt is very low on funds these days"
From 10% it has come down to 7% NOT 5.6%, and that too because of global recession.
What is the growth rate of other countries during the recession? India alongwith China are the best performing economies in the recession period- even US has been whacked badly- so what exactly is ur point?
Pakistan Airforce: The largest distributor of Indian airforce parts in Asia
Pathankot Strike
8 F-86Fs of No 19 Squadron led by Squadron Leader Sajjad Haider struck Pathankot airfield. With carefully positioned dives and selecting each individual aircraft in their protected pens for their strafing attacks, the strike elements completed a textbook operation against Pathankot. Wing Commander M G Tawab, flying one of the two Sabres as tied escorts overhead, counted 14 wrecks burning on the airfield. Among the aircraft destroyed on the ground were nearly all of the IAFs Soviet-supplied Mig-21s till then received, none of which were seen again during the War.
And that's why their nation is going down the phucking tubes, nobody will lend them money because they expect to get interest for it. Sharia doesn't allow interst! Ignorant savages!
phuckistan is finaced by ragheads like saudi arabia, why do you think phukistan wears its badge of "islamic country" so loudly? Because its signed in their contract, phuckistan receives subsidised goods from saudi arabia, their madrassas are financed by saudi arabia. The day phuckistan adopts an independent policy is the day saudi stops its finace and phuckistan starts to starve.
I'm not gonna issue a warning for posting in non English when responding to a family insult even though strictly speaking you are absolutely correct in what you're saying.
cg.
Please, even if provoked, don't post in any other language than English. Next time a warning will probably be issued as Punit is correct, there is a strict policy on this in general.
Both of you please keep the violations under control.
two beggar rats like ass(amese) and gay-reeks whose name alone indicate where they likedings to take it up through, are mockings islamics economique?
dumb poverty infested rat holes
look at qatar uae etc all havings wealth no kuffar country can imagine!
(with gdp/citizen in excess of $600,000 for qatar and $300,000 for UAE)
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I am old Christiankiller
Sorry for offensive to our good religion christian brothers
I am not hating christians