[New Delhi]India Takes $ 4oo Million Loan From World Bank For Jaylalittha Ruled Southern State Tamil Nadu
India Signed Legal Agreement with the World Bank for IBRD Loan of US$ 4oo Million for Tamilnadu Sustainable Urban Development Project
The Loan and Project Agreements for World Bank (IBRD) assistance of US$ 400 million for Tamil Nadu Sustainable Urban Development Project were signed between the Government of India/ Government of Tamil Nadu and World Bank yesterday.
The Loan Agreement was signed by Shri Raj Kumar, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of Government of lndia and Mr. Onno Ruhl, Country Director, World Bank (lndia) on behalf of the World Bank. The Project Agreements were signed by Shri Praveen P. Nair, Deputy Secretary, Municipal Administration and Water Supply Department, Govt. of Tamil Nadu on behalf of the State Government and Smt. Anita Praveen, Principal Secretary/ Chairperson and Managing Director, Tamil Nadu Urban Infrastructure Financing Services Ltd. (TNUIFSL) on behalf of TNUIFSL and Tamil Nadu Urban Development Fund. Mr.Onno Ruhl signed both Project Agreements on behalf of the World Bank.
The total project size is US$ 600 million, out of which World Bank support is US$ 400 million.
At Last Government has recommended The proposal of Rs 2057.66 crores F D I In M/s Jet Airways India . This investment is above Rs. 1200.00 crore .So ,now ,this will go to CCEA for their consideration
Government Of India Approves Seventeen (17) Proposals of Foreign Direct Investment Amounting to about Rs. 992.61 Crores Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on July 29, 2013, the Government has approved 17 Proposals of Foreign Direct Investment (FDI) amounting to Rs. 992.61crore approximately.
In addition, one proposal viz., M/s Jet Airways India Ltd., amounting to Rs. 2057.66 crore, has also been recommended for consideration of Cabinet Committee on Economic Affairs (CCEA).