Tag: India

NEW DELHI - The World Bank on Friday announced $1.72 billion in loans to India, including $1.5 billion to build 24,000 kilometres (14,880 miles) of roads across seven states of the country. The global lending agency also provided $255 million to the first phase of an Indian project to mitigate effects of cyclones, World Bank President Robert Zoellick said after the signing of the two separate agreements.
The bank said in a statement that the roads aid was likely to benefit more

KARACHI - India, while opposing the trade concession to Pakistan granted by European Union (EU) in the World Trade Organisation (WTO) is in a weaker position to oppose the draft bill. According to experts, India which has shown serious reservations over the draft bill forwarded by EU for unilateral market access to Pakistan citing the contravention of World Trade Organization's (WTO) rules, could not muster adequate points to back up its position in the first session of WTO. Given

TOKYO - Japanese lenders like Mitsubishi UFJ Financial Group are aggressively pursuing project financing deals around the world, intensifying competition with traditional French rivals as well as local players in hot new markets like India.
The push by Japanese banks, which are scrambling to put trillions of yen in deposits to work outside their sluggish home market, comes as loan demand rebounds from the global financial crisis and as infrastructure projects in developing

ISLAMABAD - Prime Minister Yousaf Raza Gilani has allowed the export of onions to India.In accordance with the approval to the summary sent by the Ministry of Commerce, Gilani permitted the export of onions to India under a letter of credit.
During a meeting held on January 10, the prime minister's approval was sought for exporting onion to India under the agreements signed with Indian importers in line with the letter of credit.
Following Gilani's approval, trucks loaded

LAHORE - Pakistani model and actoress Veena Malik is likely to host a few TV shows on Indian channels about the ICC World Cup 2011. According to Times of India, Veena received offers from three different channels to anchor shows related to the ICC World Cup beginning in February, especially for matches in which Pakistan is playing, given her knowledge of the game, its controversies and her association with some players who came under the scanner for match-fixing allegations.

DOHA - An impressive Australia crushed India 4-0 to get their Asian Cup campaign off to a decisive start Monday with red-hot Everton star Tim Cahill collecting two goals. Played at an Al-Sadd Stadium packed with noisy expatriate Indians, a convincing win was needed by the Socceroos to demonstrate their tournament credentials against a team ranked 142 in the world.
They comfortably delivered with the dangerous Cahill, playing up front as the lone striker, a constant threat. He

DURBAN - Rohit Sharma blazed a half-century as India cantered to a 21-run win over South Africa in a one-off Twenty20 international at the Moses Mabhida Stadium in Durban on Sunday.
After India won the toss and elected to bat, Sharma weighed in with 53 off 34 balls to help India total 168 for six. South Africa, despite a destructive innings of 67 off 39 deliveries from Morne van Wyk, managed only 147 for nine in their 20 overs, with India's off-spinner Yusuf Pathan and left-arm

ISLAMABAD - Pakistan wants to resolve all issues with India through talks but dialogue should be meaningful and result-oriented, Foreign Minister Shah Mahmood Qureshi said on Saturday.
while addressing a joint press conference with German Foreign Minister Guido Westerwelle, Qureshi said, "Pakistan has been consistent in its policy that it wants good neighbourly relations with India and resolve all disputes through talks. But we want sustained, meaningful and result-oriented

NEW DELHI - India on Friday urged Pakistan to allow onion exports after its regional rival and estranged neighbour cut off trade in the vegetable by land because of spiraling prices at home. The cost of the humble onion, which provides the pungent foundation for a thousand different curries and other dishes in the subcontinent, has shot up in both countries, leaving their governments grappling for solutions.
Onion prices have more than doubled in Pakistan as the country has

COLOMBO - India and Sri Lanka on Friday signed an agreement to restart sea ferry services shut down for nearly 30 years, the latest sign of resurgent economic ties since the end of Sri Lanka's quarter-century civil war.
The two nations gave no immediate timeframe, but said the service should start shortly.
"Sea passenger transportation between India and Sri Lanka is being established...to speedily restore the traditional links between the two countries," a joint statement

ISLAMABAD - Parliamentarians from India and Pakistan on Thursday unanimously agreed that the trust deficit between the two countries should be removed and dialogue should be resumed with a view to promote a people's movement for peace and prosperity of the region.
The parliamentarians from both countries said this while participating in a discussion, The Parliamentarians Dialogue, organised by PILDAT. The discussion was an attempt to reduce the trust deficit between the two

CAPE TOWN - India validated their ranking as the number one team in Test cricket when they drew the third and final Test and earned a share of the series against second-ranked South Africa at Newlands here on Thursday.
Opening batsman Gautam Gambhir guided India to safety with a cautious innings of 64. Set to make an improbable 340 to win, India were 166 for three when play was called off with eight overs remaining.
It was the first time in five tours of South Africa that

NEW DELHI - The Indian cricket board has ruled out using the Umpire Decision Review System (UDRS) and also rejected an offer to travel to Australia and watch its Ashes application.
The clamour to use the technology aimed at reducing umpiring errors has been growing but India have opposed UDRS as they are adamant the ball-tracking tool is not accurate enough.
"We don't accept this technology. We are not going to use it in any bilateral series," Srinivasan told Reuters over

CAPE TOWN - Sachin Tendulkar and Dale Steyn fought out a titanic battle before India took a two-run first innings lead on the third day of the third and final Test against South Africa at Newlands on Tuesday.
Tendulkar, Test cricket's all-time leading run-scorer, made 146 in an Indian total of 364, while Steyn, the world's number one fast bowler, took five for 75.
By the close, South Africa had reached 52 for two in their second innings to take a lead of 50 into the last two

CAPE TOWN - Gautam Gambhir and Sachin Tendulkar ground out the first century partnership of the match as India overcame the loss of two early wickets on the second day of the third and final Test against South Africa at Newlands on Sunday.
Gambhir (65 not out) and Tendulkar (49 not out) put on an unbeaten 114 for the third wicket to enable India to reach 142 for two at the close in reply to South Africa's Jacques Kallis-inspired 362 all out.
The stand enabled India to stay

ISLAMABAD - Foreign Office spokesman Abdul Basit has said that the Kashmir issue must be resolved in accordance with the aspirations of the people of the state and the UN resolutions, according to a private TV channel on Sunday.
Speaking with the channel, he said that it was too much difficult to maintain peace and stability without resolving the (Kashmir) issue. "Pakistan is ready for meaningful and comprehensive dialogue with India on core issues such as Kashmir, Siachin and

CAPE TOWN/JOHANNESBURG - Indian captain Mahendra Singh Dhoni said on Saturday that his team were ready to make history when they face South Africa in the series-deciding third and final Test starting at Newlands on Sunday. "The good thing with this side is that we know why we can win a series in South Africa," said Dhoni.
India were in the same situation four years ago when they came to Newlands with the series level at one-all - but Dhoni said the mood in the side was much more