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WB to provide $5 bn loan for urban development
Evincing interest to participate in India’s urban development process, multilateral lending agency World Bank has initiated a dialogue with the urban development ministry to provide a loan assistance of $5 billion to develop Indian cities, a top official said. http://smallpersonalloans.org.uk

Newsmaker: Ramesh Chandra Agarwal
Vanita Kohli-Khandekar / Mumbai December 18, 2009, 2:33 IST

News of the day

SFIO to visit Satyam office
A Serious Fraud Investigation Office (SFIO) team will visit Hyderabad soon to enquire into the siphoning of funds by promoters of the IT company Satyam.
Corporate

Paswan ties up with Lalu

Is it just a means to retain his sprawling bungalow on Janpath, or is it part of a larger game plan? Whatever, for now Lok Janshakti Party chief Ram Vilas Paswan, who keeps getting a notice to vacate his bungalow since he is no longer an MP, is going to stand for a Rajya Sabha seat with the support of Rashtriya Janata Dal chief Lalu Prasad. Prasad hopes to exploit Paswan’s Dalit appeal — interestingly, the Congress party also plans to support Paswan for the same reason.


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