WB to scale up loans for India
New Delhi: World Bank will double loan sanctions to India to about $3 billion dollar annually during 2005-08. The bank said the move followed the widened scope for funding, with the promises for poor in the Common Minimum Programme of government.

The Bank would provide $2.15 billion through IBRD loans at commercial rates and another $750 million through its concessional lending arm IDA. The Bank had provided 1.5 billion dollar during the last fiscal. World Bank country director Michael Carter said the Bank would like to focus on relatively poorer states like Bihar, Uttar Pradesh, Orissa and Jharkhand.
Back to News Review index page  

China accuses India of restrictive trade practices
Beijing: China has accused India, its biggest trade partner in South Asia, of carrying out restrictive trade practices, including technical barriers, opaque and complicated regulations and slapping anti-dumping duties on Chinese goods worth millions of dollars.

The Ministry of Commerce (MOFCOM) noted that despite submitting relevant information to the Indian side, the Chinese side is still waiting for India's decision on whether to grant "individual market economy status" to China.
Back to News Review index page