Business Standard
Wednesday, Feb 15, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

China objects to ADB funds for Arunachal's irrigation project: Krishna
Press Trust of India / New Delhi Jul 09, 2009, 12:42 IST

China had recently objected to Asian Development Bank's (ADB) funding an irrigation project in Arunachal Pradesh which is a "clear violation" of the charter of the multilateral lending agency, the government informed the Rajya Sabha today.     

Replying to questions, External Affairs Minister S M Krishna said India had made it clear to all member nations of ADB that political considerations cannot be cited for prohibiting the Bank for evaluating any project.     

All member countries on the board of Executive Directors of ADB except China supported the India funding plans.     

"China did not endorse the Country Partnership Strategy (CPS) 2009-12 for India in the Board of the ADB on the ground that the proposed India CPS involved technical assistance funding for the Flood and River Erosion Management Project in Arunachal Pradesh which China claims is its territory," he added.     

India had told the ADB and all member countries including the US, Japan, Australia, Canada, Indonesia, Korea, Malaysia, Philippines, Germany and Italy that the CPS is not a political document and it does not make any judgement as to the legal or other status of any territory.     

The member countries were also told that "China's objection on political grounds is a clear violation of the ADB's charter which prohibits the Bank from evaluating any proposal on grounds other than economic," the minister said.

"India's CPS was discussed in the meeting of the Board of Executive Directors of the ADB on June 15 and all member countries except China supported the document," Krishna clarified.     

He said New Delhi had conveyed to the ADB member nations including China that Arunachal Pradesh is "an integral part of India and its status is not negotiable."     

ADB assistance has to be strictly decided on economic parameters and not on political considerations, he added. "Ultimately ADB had gone with India's point of view."     

"We have put across (to China) in the strongest diplomatic language possible that Arunachal Pradesh is an integral part of India,"

New Delhi, the minister shared, wanted to resolve the boundary issue with China amicably.     

"We have friendly relations with our neighbour China. We are engaged in a multilateral activity with them. Our trade is growing and we would like to continue in that direction," Krishna said.     

India and China will meet in New Delhi next month to discuss the boundary issue, he added. "We certainly would like that China-India relationship is normal (and) extend the relationship to some kind of partnership."     

"We will have to engage China and come to an understanding," he said.     

Krishna also shared his plans to visit Arunachal Pradesh shortly. Previously, the President and the Prime Minister had visited the state, which was protested by China, he added.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Indices continue to surge, Nifty tops 5,500
- US-based Summit Partners sets up office in India
- Rupee gains on capital inflows, firmer shares
- Kingfisher board meet adjourned, results delayed
- Great Offshore surges 13% on robust Q3 net
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- We live for our family. have you secured them?
- Office 365 for professionals and small businesses.
- Financial Learning now made easier and more convenient.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- BSE Q3 net dips 23% on market making spends
- Shyam Saran: Changing climates of governance
- Pvt carriers free to fly into Air India territory
- Subir Roy: Creating affordable urban capacity
- M J Antony: Reluctant respondents
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
Ambassador car |  Uttarakhand |  TCS |  Sarfaesi Act |  Vodafone |  DZire |  Aakash tablet |  Sodexo |  NHAI |  Companies Bill 2011 |  Playbook |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  FDI in retail |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  TCS |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us