Petrol protests may delay diesel reform
The UPA government came under intense pressure on Thursday from within the ruling coalition and protesters to roll back the steepest petrol price hike in the country's history, less than 24 hours after it took the unpopular decision cheered by investors. Full Article
Reuters Showcase
Aiming To Crack China
India's Mahindra taps Korean arm to push brand in world's largest auto market Full Article
Factories Take a Hit
China May factory activity turns down, according to HSBC Flash PMI. Full Article
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