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| Think Tank |
This week we focus on a complete analysis of the
 Banking Industry
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US firms to pay the price for fewer WB, ADB loans to India
TV Parasuram
Washington, Sept 25: India stands to lose $3.5 billion of loan from the World Bank and Asian Development Bank (ADB) this financial year owing to economic sanctions imposed by the G-8 countries in the aftermath of the Pokharan nuclear tests.According to the US International Trade Commission, India will get $1.95 billion less from the World Bank and $1.6 billion from the ADB in fiscal 1999 due to the sanctions which bar development loans by multilateral Financial institutions. The independent commission, whose views were sought by the US House of Representatives' committee on ways and means, however, said the loss to American corporations will be much more. Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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