Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Finance Ministry seeks aid from World Bank, ADB to rebuild Uttarakhand

Finance Ministry seeks aid from World Bank, ADB to rebuild Uttarakhand

Share this article Share this article
published Published on Jul 2, 2013   modified Modified on Jul 2, 2013
-PTI


The Finance Ministry has sought financial assistance from World Bank and Asian Development Bank (ADB) for rebuilding of damaged infrastructure in flood- ravaged Uttarakhand. "In view of the emergency situation, both ADB and the World Bank have been requested to fast track the processes of needs assessment, project preparation and approval," the Finance Ministry said in a statement. It said a joint mission of the World Bank and ADB, led by Additional Secretary in the Department of Economic Affairs (DEA) Shaktikanta Das, will shortly visit Uttarakhand and assess the needs of the state and interact with officials there.

At a preliminary meeting of the DEA with the World Bank and the ADB, both these multilateral bodies have assured their full cooperation, it said. Loans from the Multilateral Development Banks (MDBs) would be passed on by Government of India to Uttarakhand as 90 per cent grant and 10 per cent loan, since it is a special category state, the statement added. In view of the gravity of the situation, Prime Minister Manmohan Singh had last month announced financial support of Rs 1,000 crore to Uttarakhand for disaster relief, of which Rs 145 crore was released immediately.

Singh had also announced ex-gratia assistance of Rs 2 lakh each to families of those who had lost their lives and Rs 50,000 each to the injured, from the Prime Minister's National Relief Fund (PMNRF). The government had also decided to provide from the PMNRF, an ex-gratia assistance of Rs 1 lakh each to those whose houses have been completely destroyed and Rs 50,000 each to those whose houses have been damaged.

 


The Indian Express, 2 July, 2013, http://www.indianexpress.com/news/finance-ministry-seeks-aid-from-world-bank-adb-to-rebuild-uttarakhand/1136660/


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close