India Travelers    
 

India News



Wolfowitz says India is going towards smaller levels

Filed under:

Wolfowitz says India is going towards smaller levels

India is going towards smaller levels of World Bank lending, and that too mainly for the technical assistance that comes with the loans, World Bank president Paul Wolfowitz told FE on the sidelines of the IMF-World Bank annual meeting here on Monday.

For the past 20 years, the Banks focus has been on reducing poverty. However, India and China—the two countries with the largest number of poor people—have been witnessing rapid growth and easy access to foreign capital through FDI and FII inflows.

In the last 10 years, China has borrowed just $10 billion from the Bank, and that too mainly for the technical assistance. Wolfowitz sees India going the same way. An Indian project faces the choice between borrowing from the Bank or borrowing from global financial markets. This choice is made based on the interest rate and the technical knowledge that comes attached with the Bank loans.

More : financialexpress.com

Related Travel Information

Oracle India to Add 1,400 Jobs

Oracle India to Add 1,400 Jobs Oracle wants to expand its presence to smaller towns and businesses in the fast-growing Indian economy. Oracle said Tuesday it will add 1,400 people to its workforce in India as the company reaches out to smaller business customers in the country’s towns and rural areas. Speaking at the Open World annual developer conference in Mumbai, Oracle President Charles Phillips said the company is ramping up the expansion of its operations in India and will increase its workforce to 10,000 in the next eight months. The new workers will be in the areas of sales and marketing, product

A love letter from India reaches 15,000 Pak kids

A love letter from India reaches 15,000 Pak kids “Dear Children of Pakistan, Let’s join hearts in friendship. Together we can make a better world — The Children of India.” These are the wordings of a love letter written by Indian children, which was handed over to 15,000 Pakistani children at the Qaddafi Stadium in Lahore on Tuesday. The 86,400-square-foot letter has been sent by thousands of Indian children with their signatures. The World’s largest love letter is made of tarpaulin and it measures 73 by 110 metres. Around the body of the letter are 196 smaller pieces which make-up

Ski areas boast about having big ticket; India’s imperfections integral to its beauty

Ski areas boast about having big ticket; India's imperfections integral to its beauty Businesses usually don't trumpet having the highest price around, but in the ski business, it's become something to brag about. The top lift ticket price at Vail and Beaver Creek ski areas is now $81 a day — $3 more than Aspen, a nearby competitor for the high-end skier. "Vail and Beaver Creek do have the highest lift ticket price in the United States," acknowledged Vail Resorts chief executive Adam Aron. "And yes, we're actually — as opposed to hiding from that fact — we're proud of that

Bt cotton: Lessons India can draw from China

Bt cotton: Lessons India can draw from China Ever since MRTP Commission injuncted Mahyco Monsanto Biotech (India) Ltd (MMB) collection of trait value @ Rs 900 per 450gm of Bt cotton seeds and directed them to reduce the trait value to the levels of China, there has been lot of interest in the Indian media, farmers and seed industry about Bt cotton seed pricing and royalty collected in China. In China there are two different Bt cotton technologies available. The Bt technology, developed by Chinese Academy of Agricultural Sciences (CAAS), which is the apex agricultural research body of China, was

India Challenges Soda Pesticide Findings

India Challenges Soda Pesticide Findings Indias Health Ministry on Tuesday challenged data from a private research body that found high levels of pesticide contamination in soft drinks sold by Coca-Cola India and PepsiCo India. A committee appointed by the ministry said the residue data reported by the Center for Science and Environment in New Delhi was flawed. The sampling method doesnt have a scientific and statistically valid basis, the committee said, adding it didnt find the conclusions of the research body to be correctly inferred. More : news.moneycentral.msn.com

Sponsered Sites

India Travel Updates
  • Telecom N.Z. May Follow India's Reliance in Move to GSM Network
  • European car rental co to drive into India
  • Shock of Air India took years to heal: families
  • India demand dropping of Hair
  • Panesar hopes Aussie mob to treat him India-style
  • South African captain fit for India
  • India needs 7 SBIs to compete globally
  • India cancels truce with Assam rebels
  • Package on Air India flight: probe expanded
  • Dell to ship chip-based products to India soon
  • IBM to establish new software development center in India
  • Arrested in India – Noa Haviv didnt check her bag
  • Air India package contained tools: Police
  • Agarkar has a lot to offer to India
  • Sarvodaya activist hails India,Pakistan peace initiative
  • GE to up sales in China, India
  • Hingis running hot in India
  • Wolfowitz says India is going towards smaller levels
  • At last, a win for India
  • India: An Outsider No More
  • India Resource Guide