The apex court has sought explanation from the Italian government for going back on its assurance to send back the marines to face trial in India. It has also directed the ambassador to file his response by 18th March
The Supreme Court today restrained Italian Ambassador from leaving the country after Italy refused to send back its two marines charged with killing Indian fishermen last February.
The apex court has issued a notice to the Italian Ambassador and the two marines.
It has sought explanation from the Italian government for going back on its assurance to send back the marines to face trial in India. It has also directed the ambassador to file his response by 18th March.
The prime minister yesterday warned that “there will be consequences” if Italy does not respect its commitment to the Supreme Court. Before it decides what those consequence might be, the government is likely to wait till 22nd March, the deadline set by the Supreme Court for the return of the marines.
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During the year ended June 2012, the World Bank Group extended loans of $3.2 billion for various projects, including the national mission clean Ganga project
The World Bank on Wednesday assured India of funds to the tune of $3-$5 billion every year for the next four years to assist development projects and poverty eradication programmes.
“The World Bank Group would work towards continuing its level of annual assistance of $3- $5 billion to India over the next four years,” World Bank president Jim Yong Kim told reporters.
During the year ended June 2012, the World Bank Group extended loans of $3.2 billion for various projects, including the national mission clean Ganga project.
Kim, who is on a three-day visit to India for the first time after taking over as president last year, said that the Bank will complement its enhanced financial lending with technical assistance and knowledge services to help India improve implementation of its development programmes.
Asked whether the World Bank plans to close the International Development Association (IDA) soft loans window for India as it has become a middle-income country, he said: “We are in the middle of discussions right now about our IDA strategy ... we are going to be as creative as possible to maintain our commitment to India at very high levels.”
“The bank is concerned about the poor, and about 400 million people live in India,” Kim said.
“We hope, especially working through IFC, $3-$5 billion can leverage many more billions for investment in India. We believe that India is a good investment and we will deepen our engagement as much as we can use every bit of flexibility and creativity to get there,” he added.
Kim said that India has the potential of achieving a higher growth than 6% projected for the next fiscal.