Food for Thought
India's sour food safety record
India still struggles to make its food fit for consumption. From rat poison found in vegetables and Diwali-festival sweets laced with caustic soda, to batches of moonshine liquor that kill scores of people at a time -- adulteration is rife. Full Article
Reuters Showcase
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
ADB to provide two loans totalling $850 mln to India
A cashier checks Indian currency notes inside a bank in Agartala Tripura in this July 24, 2009 file photo.
Credit: Reuters/Jayanta Dey/Files
NEW DELHI |
NEW DELHI (Reuters) - India has signed two loan agreements totalling $850 million with the Asian Development Bank (ADB), the finance ministry said in a statement on Tuesday.
The ADB will provide a $700-million loan, in three tranches in as many years, to state-run India Infrastructure Finance Company Ltd. to fund the country's infrastructure programme.
The Manila-based bank will lend $150 million in four tranches over a period of three years, the statement added, for the restructuring and development of Khadi industry, which makes India's traditional handspun fabric.
(Reporting by Rajesh Kumar Singh; Editing by Malini Menon)
(For more news on Reuters Money visit www.reutersmoney.in)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters