A total of 279 LOCs have been extended to 63 countries of Asia, Africa, Latin America, Caribbean, Oceania, and Commonwealth of Independent States worth nearly $28 billion informed the minister to the lower house of the parliament.
For engaging a serious organisation having the potential to play a significant role in the emerging Asian architecture, India’s proposed HEALTH vision was more of a slogan rather than a serious policy announcement.
The FATF threats have produced a temporary shutting down and freezing for terror infrastructure, but all that has been done is reversible. There is not a single irreversible action here.
The BRI was launched by President Xi when he came to power in 2013. It aims to link Southeast Asia, Central Asia, the Gulf region, Africa and Europe with a network of land and sea routes
The multilateral funding institution committed $3 billion in sovereign loans to India in 2018, the highest level of assistance since sovereign operations began in the country in 1986.
China said representatives from 150 countries and international organisations are taking part in it.
The Belt and Road Initiative is a multi-billion-dollar initiative launched by Chinese President Xi Jinping when he came to power in 2013. It aims to link Southeast Asia, Central Asia, the Gulf region, Africa and Europe with a network of land and sea route.
In an address at the annual summit of the Shanghai Cooperation Organisation (SCO) in this port city, the Prime Minister also coined an acronym SECURE which he explained: ‘S' for security for citizens, ‘E' for economic development, ‘C' for connectivity in the region, ‘U' for unity, ‘R' for respect of sovereignty and integrity and ‘E' for environment protection.
"The foreign ministers of Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan and Uzbekistan reiterated their support for the 'Belt and Road Initiative' proposed by China," said a joint statement issued by SCO Foreign Ministers at the end of their one-day meeting here today.
Bank credit to the industry stood at Rs 19.68 lakh crore in July 2012, up 17.2% from the same month a year ago, RBI data showed today. However, the pace of credit growth in July 2012 decelerated from the 21.2% rise logged in July 2011.