Pahalgam attack: India demands Asian Development Bank cut funding for Pakistan
(Photo credit: X)
NEW DELHI; India on Monday demanded the Asian Development Bank to reduce funding for Pakistan, as New Delhi continued disciplinary measures against Islamabad in response to the recent terror attack in Pahalgam.
During the 58th Annual Meeting of the Asian Development Bank (ADB) in Milan, finance minister
Nirmala Sitharaman
urged ADB President Masato Kanda to reduce financial assistance to Pakistan, which was amongst several other topics addressed, news agency ANI reported quoting sources.
India has significantly reduced diplomatic ties with Pakistan following the April 22 terror attack in Pahalgam, Jammu and Kashmir, which killed 26 people and injured several others, mostly tourists.
India intends to petition FATF (
Financial Action Task Force
) to place Pakistan on the grey list, sources told ANI. India has also suspended the 1960
Indus Waters Treaty
, an action that will gradually diminish Pakistan's water resources.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Rich Man Keeps Annoying Royal Guard, But He Didnt Expect This To Happen
Learn It Wise
Undo
Earlier today, sharing a post on X, the Finance Ministry said during the meet, "Sitharaman reiterated that India focuses on private sector-led economic growth and has been consistently creating a conducive policy and regulatory ecosystem through bold initiatives such as the Insolvency and Bankruptcy Code, Corporate Tax Rate Reduction and GST implementation, Production-Linked Incentives, National Infrastructure Pipeline, GatiShakti National Master Plan, and StartupIndia, among others, for greater Ease of Doing Business."
"The finance minister emphasised that India offers opportunities for ADB to pilot new, innovative financing products and models," the post added.
The ADB President expressed "full support to India's development priorities, guided by Prime Minister Narendra Modi's vision of a Viksit Bharat by 2047."
Sitharaman is heading the Indian delegation of officials from the Department of Economic Affairs, Ministry of Finance, at the 58th Annual Meeting of ADB's Board of Governors, occurring from May 4 to 7 in Milan.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Gazette
an hour ago
- India Gazette
"Nice thought": BJP's Shahnawaz Hussain on PM Modi's call for "immediate de-escalation"
New Delhi [India], June 22 (ANI): Following Prime Minister Narendra Modi tele-conversation with President of Iran, Masoud Pezeshkian in which he called for 'immediate de-escalation', BJP national spokesperson Syed Shahnawaz Hussain said that it is a 'nice thought' and wished for peace across the globe. Speaking with ANI, Syed Shahnawaz Hussain said, 'This is a nice thought (PM Modi's message to Iran President). Let's wish for peace across the globe, including in Iran. There is no way out of war. We are the country of Buddha, and we always give this message.' PM Modi spoke with the President of Iran, Masoud Pezeshkian, expressing deep concern at the recent escalations and called for 'immediate de-escalation, dialogue and diplomacy' after the US bombed Iran's nuclear facilities. In a post on X, PM Modi said, 'Spoke with President of Iran @drpezeshkian. We discussed in detail the current situation. Expressed deep concern at the recent escalations,' PM Modi stated. He emphasised the need for a peaceful resolution and added, 'Reiterated our call for immediate de-escalation, dialogue and diplomacy as the way forward and for early restoration of regional peace, security and stability.' US, on early Sunday, carried out 'massive precision' strikes on Iran's three nuclear sites -Natanz, Isfahan and Fordow- and warned of further retaliation if peace is not achieved. Rafael Grossi, the Director-General of the International Atomic Energy Agency (IAEA), said that an emergency meeting would take place on Monday in light of the developments taking place in West Asia. The IAEA confirmed that there has been no reported increase in off-site radiation levels following the recent strikes on three key nuclear sites in Iran, including the underground enrichment facility at Fordow. 'Following attacks on three nuclear sites in Iran -- including Fordow -- the IAEA can confirm that no increase in off-site radiation levels has been reported as of this time. IAEA will provide further assessments on the situation in Iran as more information becomes available,' the agency said in a statement. Iran condemned the attacks, calling them a violation of international law and vowed to continue its nuclear program. A statement issued by Atomic Energy Organization of Iran (AEOI) confirmed that early on Sunday morning, Iran's nuclear sites were 'subjected to savage aggression--an act in violation of international laws, particularly the NPT.' 'This action, which violates international regulations, unfortunately took place under the indifference--and even complicity--of the International Atomic Energy Agency (IAEA),' it said. Israeli Prime Minister Benjamin Netanyahu praised the US military action under the leadership of Trump, stating that Trump's bold decision to target Iranian nuclear facilities will change history. Meanwhile, India continues its evacuation efforts for Indian nationals in Iran, with multiple flights planned to bring back Indians from the conflict-hit region. (ANI)
India Gazette
an hour ago
- India Gazette
Uttarakhand CM Pushkar Dhami participates in Bharatiya Mazdoor Sangh's 70th foundation day
Haridwar (Uttarakhand) [India], June 22 (ANI): Uttarakhand Chief Minister Pushkar Singh Dhami attended the closing ceremony of the Bharatiya Mazdoor Sangh's 70th foundation day on Sunday. The closing ceremony of 'Swarnim 70 Years' was organised by Bharatiya Mazdoor Sangh at the Rishikul Ayurvedic College Auditorium. On attending the Youth Workers Conference, CM Pushkar Singh Dhami said, 'Bharatiya Mazdoor Sangh has not limited itself to just protecting the interests of labourers, but has also transformed the labour force into a pillar of nation-building. By integrating cultural consciousness, moral values, and social responsibility, Bharatiya Mazdoor Sangh has paved the way for turning 'Shram Yogis' into 'Rashtra Yogis.' CM Dhami announced the establishment of the Madan Mohan Malviya State Research Institute at the historic Rishikul premises in Haridwar. The institute aims to promote tourism, spirituality, education, Ayurveda, astrology, and meditation. The proposed multidisciplinary centre will offer studies in yoga, meditation, and spiritual sciences, with an eye on boosting spiritual tourism in the region. Speaking at a programme, CM Dhami said that the institute would serve as a significant hub within Rishikul, an institution of great significance, and help connect people to India's ancient knowledge systems. Marking the Bharatiya Mazdoor Sangh's 70th foundation day on July 23, the Chief Minister lauded the organisation's contribution to nation-building through its steadfast commitment to the Swadeshi ideology and worker welfare. He recalled the BMS's difficult early years, saying it had emerged as a powerful force by standing firmly for Indian culture and workers' rights. He noted that after Independence, despite the country's limited resources, Indian workers played a pivotal role in building the nation. 'Today, under the leadership of Prime Minister Narendra Modi, our government is working on the mantra of Sabka Saath, Sabka Vikas, and has launched several schemes focused on the welfare of workers,' he said. Highlighting welfare initiatives, CM Dhami said crores of workers have been registered on the government's labour portal, and facilities like ESI, EPFO, and insurance are now being provided. He also mentioned that 75 meritorious children of workers are receiving free technical education, lodging, and meals at the Rudrapur Technical Institute. 'Workers are not just the engines of labour but also architects of the nation,' the Chief Minister said, underlining the critical role of youth in India's vision of becoming a developed nation by 2047. He pointed out that with 65 per cent of the population below 35 years of age, India stands as the world's youngest country, and programmes like Skill India align youth with employment and self-reliance. Emphasising the Centre's commitment to cultural heritage and worker welfare, Dhami said major reforms have been undertaken, including simplifying 29 complex labour laws into four comprehensive labour codes. Through the e-Shram portal, crores of unorganised sector workers have been formally brought into the system. 'Under the Shramyogi Maandhan Yojana, unorganised sector workers are being provided a pension of Rs 1,000. Our government is ensuring that no worker is neglected or left out of the mainstream of development,' Dhami said. He added that the state government is committed to executing schemes such as housing, health insurance, social security cards, and various initiatives under the Uttarakhand Building and Other Construction Workers Welfare Board. (ANI)
India Gazette
an hour ago
- India Gazette
NIA arrests one more accused in Maoists Northern Region Bureau terror revival conspiracy case
ANI 22 Jun 2025, 19:47 GMT+10 New Delhi [India], June 22 (ANI): The National Investigation Agency (NIA) has arrested another key accused in a CPI (Maoist) Northern Region Bureau (NRB) terror revival conspiracy case from Delhi, the probe agency said on Sunday. NIA also seized devices including hard drives, pen drives and mobile phones, as well as other incriminating material during a search in the West Delhi house of the accused, identified as Vishal Singh, originally hailing from Mathura in Uttar Pradesh. According to NIA, investigations have revealed that the accused, a member of the CPI (Maoist), had delivered a drone to leaders of the banned terror outfit in Chhakarbanda/Panchrukhiya forest area of Bihar to further its violent anti-national activities. He had imparted technical training to other cadres of CPI (Maoist) and had also attended meetings with its central committee members in the deep forest areas of Bihar in 2019. NIA in August 2024, had arrested another accused, Ajay Singhal alias Aman, in-charge of the State Organising Committee (SOC) Haryana and Punjab of CPI (Maoist). The case relates to the terror organisation's conspiracy to re-energise its decrepit influence in the Northern Regional Bureau (NRB) area, comprising UP, Uttarakhand, Delhi, Punjab, Haryana and Himachal Pradesh. The conspiracy involves recruitment of cadres and strengthening of the organisation in the region through underground cadres working in urban areas, along with some Over Ground Workers (OGWs) operating in the guise of activists, the probe agency said. Several front organisations and student wings have been used to prepare the ground for promoting the conspiracy, aimed at waging war against the Government of India. They were receiving funds from the outfit's Eastern Regional Bureau (ERB), particularly from Jharkhand. Further investigation is underway. (ANI)
