India urges ADB to focus on West Asia, South Asia
New Delhi, May 6: India has urged the Asian Development Bank (ADB) to focus more on the West and South Asia regions after successful East Asia interventions by the multilateral lender and has said there is no case for increasing cost of its loan instruments as it has no capital deficiency, an official statement said on Sunday.
In his intervention on Saturday at the ADB's annual meeting in Manila, Economic Affairs Secretary S.C. Garg also made a strong case for ADB to adopt "country systems" for procurements and environmental safeguards and called for increasing lending for the private sector in developing countries, a Finance Ministry release said here.
Garg, who is an Alternate Governor on the ADB Board, the ADB "strategy should focus more on West Asia and South Asia as interventions in East Asia are already done fairly well," the statement said.
"He emphasized that the private sector operations of ADB as envisaged in the strategy should be enhanced and there should be more focus on equity participation.
"He also stated that there is absolutely no case for increase of cost of of various loan instruments as there is no capital deficiency in ADB," it said.
"Garg also argued that there is a strong case for ADB to adopt Country Systems for procurements and environmental safeguards and called for concerted efforts towards increasing lending for the private sector in developing member countries," it added.
According to the statement, he also highlighted the need for taking into account the likely impact technical advancements such as Artificial Intelligence (AI) and robotics, so that ADB can equip the member countries to reap maximum benefit.
The Indian delegation to the ADB also held bilateral meetings with the Japan Bank for International Cooperation.
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Two held for trying to 'bribe' Odisha Cong MLAs ahead of RS polls: Party sources
Bengaluru (PTI): Two people were arrested for allegedly attempting to bribe Odisha Congress MLAs, who are staying in a resort near here, party sources claimed on Sunday.
Eight MLAs, along with some other Odisha Congress unit office bearers are camping in a resort.
They have been flown to Bengaluru with apprehensions of horse trading during the Rajya Sabha elections in favour of ruling BJP's Rajya Sabha candidate.
According to the Congress sources, two persons were apprehended at a private resort for attempting to buy over Orissa Congress MLAs.
"Two people have been arrested. One of the accused has been named as Suresh. Hunt is on for the third accused, who is a defeated Lok Sabha candidate," a source told PTI.
Blank cheques were also found in their possession, they claimed. They shared the photograph and blank cheques as well.
"They tried to negotiate with the Congress MLAs by offering a blank cheque. Both have been caught and handed over to the Bidadi police," the source said.
Police sources said that they have been arrested.
According to Congress sources, the Rajya Sabha elections in Odisha will take place on Monday. The BJP has fielded one more candidate, which raised apprehensions of horse-trading.
Congress and the Biju Janata Dal have fielded a candidate.
