Though India is no longer eligible for concessional development funds, the World Bank is working on a special dispensation to the country to maintain financial support to India. India receives the bulk of funds from the World Bank through International Development Association (IDA), the development bank's fund for the poorest, and International Bank for Reconstruction and Development (IBRD).
Tag: India
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India, Japan to up cooperation in shipping
India and Japan proposes to strengthen their cooperation in the shipping sector. In this connection a delegation under the leadership of Union Minister of Shipping Shri GK Vasan is visiting Japan from November 9-12th on an invitation from Akihiro Ohta, the Minister of Land, Infrastructure, Transport and Tourism of Government of Japan.
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India, Japan to up cooperation in shipping
India and Japan proposes to strengthen their cooperation in the shipping sector. In this connection a delegation under the leadership of Union Minister of Shipping Shri GK Vasan is visiting Japan from November 9-12th on an invitation from Akihiro Ohta, the Minister of Land, Infrastructure, Transport and Tourism of Government of Japan.
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Himalayan road to cut costs for countries
Media reports say that India and China should consider stepping up bilateral trade through Nathu La, the mountainous pass in the Himalayas and the road connecting India's northeast with Myanmar to reduce transportation cost. Through the mountain road, the entire region can prosper.
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India, Japan to up cooperation in maritime sector
India and Japn have agreed to enhance their interaction through the existing forums and through port-to-port exchanges. These issues came up for a discussion between Union Minister of Shipping GK Vasan, who is on an official visit to Japan and his Japanese counterpart Akihiro Ohta, Minister of land, Industries and Transport and Tourism, Government of Japan.
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Iran offers discounts to India on oil
If India agrees to buy more of its oil Iran has offered discounts on crude oil price and free shipping as well. India has indicated that it may not meet the 11 million tonne oil import target from Iran this year and Tehran is attempting to induce New Delhi to lift more oil.
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Tariff dodging dents toll income on highways
Media reports say that private companies' investments into highways in India have taken a beating with the toll dodging practice by some sections of vehicles including those of politicians in the country. Ambulances, fire trucks and the cars of senior government officials are among those exempted from paying tolls, but other drivers often claim a free ride, say an official with GVK Power and Infrastructure.
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LNG boom to benefit ports in India
To reduce its dependence on traditional and costly fossil fuels, India is looking to set up liquefied natural gas (LNG) receiving terminals in every port. India is taking efforts to cash in on the countryÂ’s efforts to reduce its dependence on traditional and costly fossil fuels and switch to the more efficient, cleaner and ecofriendly option.
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India calls for more FDI from US for aviation
Visiting Indian Civil Aviation Minister Ajit Singh has on October 30 called for more foreign direct investment (FDI) from America
He said that India has taken significant measures for affordable air travel. The Minister was addressing the 4th India-US Aviation Summit in Washington.
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Recovery or Illusion?
Industry observers have promptly branded the growth in some of the core sectors in the second quarter as ´encouraging´ and ´first signs of recovery´ for the infrastructure sectors.