Comments on: World Bank Offers $600 Million Loan To India

By: Nikhil Nayak

Nikhil Nayak — Wed, 03 Oct 2007 18:58:44 +0000

oops hit the submit button too soon … just wanted to say that I think this is the figure. Debt maturity is the date on which a debt becomes due for payment. Numbers I could find are for 2005. They should be higher as of 2007 I would imagine.

By: Nikhil Nayak

Nikhil Nayak — Wed, 03 Oct 2007 18:55:30 +0000

Kannan,

Total debt Maturity for India as of 2005 is around $110 billion.

By: Kannan

Kannan — Wed, 03 Oct 2007 14:51:36 +0000

Respewcted sir,
I am an economic student.I want to know about the current total loans account credited by the world bank to india & i want to know the financial status in environment.so kindly refer this and reply soon.i will waiting for your reply.

thanking you
yours truely
kannan
(INDIAN)

By: Dinesh Pratap Singh

Dinesh Pratap Singh — Fri, 07 Sep 2007 08:50:31 +0000

Optimism of positive sprit must be there. There is a need of rectification of procedural defect of disbursement prevailing in India. A tact to discourage vested interest should be evolved.

By: Ace

Ace — Thu, 23 Aug 2007 11:01:23 +0000

[QUOTE]Its all the ploy of rich to keep poor in poverty for ever[END OF QUOTE]

I agree completely - these evil capitalists, I tell you! It’s all their fault. The fact that communist/socialist regimes all over the world have failed their people spectacularly is only because of capitalists and monopolists.

Ahh..longing for the glory days of Stalin, Mao and public executions.

By: Loknath

Loknath — Thu, 26 Jul 2007 18:15:43 +0000

World bank loans can be dubious by intent and content (the amount), atleast in cases where borrowers are third world countries like India or superpowers like US. World bank loans are even used to fund militants pay for arms bought from some other countries who in turn help these poor assoles (even withourt asking for it) fabricate fake projects and poverty to obtain finance. Quote “By way of Deception by Victor Ostrovsky”. Israel helped pay the “costs of training” to Lankan Army by helping the Sri Lankan PM fake a project to secure a world bank loan. Who knows may be the world bank is a party to it. Its all the ploy of rich to keep poor in poverty for ever. As simple as that. No hi-fi analysis required. Why on earth is US the largest debtor to World Bank. Simple again,, its the contributions of these same third world countries to world bank deposits, that help these countries prosper. To be rich and in debts makes this whole mechanism works.

By: Biswanath Mukherjee

Biswanath Mukherjee — Fri, 20 Jul 2007 15:53:25 +0000

Money and proper investment and financial education and management and the production movement , encouraging and helping attitude from education to help saving by production of fishery, production of domestic animal, cultivation of different type of vegitables in the peaseants own land and its proper scientific use and a cold storage for storeing the vegitables, meat, fish and other agricultural produce will help the poor peasant of our country. I have confidence that if i get the oportunity to do the fevour of world Bank than i will devote my whole time for the welfare of the peasant. I will leave my job for the purpose. I am a subdivisional engineer, of BSNl.

By: narendra Bahadur Bista

narendra Bahadur Bista — Sun, 15 Jul 2007 03:51:50 +0000

What is the real basis of aid? Nepal,Pakistan, Maldives,Silanka,Bhutan ,Afghanisthan ,Bangladesh also are full of poor farmers.World Bank should also consider the needs of assistant of other SAARC member states and facilitate with very large doses.If this loan is not effectively implemented it will just be burden.
Narendra Bista
Research fellow and economist

By: Bhuvaneswaran

Bhuvaneswaran — Sat, 14 Jul 2007 06:22:08 +0000

Thank u to world bank’s kind heart

By: C. Ray

C. Ray — Thu, 12 Jul 2007 22:44:00 +0000

This is very interesting discussion. I wonder why the GOI opted to get another $600M from WB for this purpose? Was it a voluntary offer from the WB? If so, why? I do not know the full mechanisms of credit/lending.
I have seen some nice articles about the WB in Prof. Alan H. Meltzer’s web site at the Tepper School of Business at Carnegie Mellon University. I consider Prof. Meltzer a brilliant economist. Some of you might visit his web site:

http://www.tepper.cmu.edu/afs/andrew/gsia/meltzer/

Easy credit is not always good for sustainability. If you have traveled from Delhi to Hardwar, you will see miles and miles of sugarcane? Sugarcane needs tremendous amount of water, fertilizer, and pesticides. It also takes a long time to harvest the cane. You can imagine these chemicals leaching down to these same poor farmer’s drinking water wells. Agriculture takes out most of the water from Western Ganga Canal which originates from Hardwar. Delhi is in dire need of water. I do not think Delhi gets much from this canal for its supply. The same applies Yamuna also. Municipalities have to treat sewage-filled river water to supply to their inhabitants. Mathura and Agra are not in any good shape. If crops with low water demand can be grown, a part of the could could become available to municipalities and the base flow in the rivers could be increased. In arid places like Israel, it is possible to grow income producing crops. Sugarcane may not be the right crop for northern India. On the other hand, there are places in south and central India where credit can help farmers. It is a complex problem!!

My suggestion — let India stay out of WB if it can afford.