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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J&K polls: Amit Shah arrives in Jammu ahead of Saturday's hectic campaigning
Jammu (PTI) Union Home Minister Amit Shah arrived in Jammu on Friday night ahead of the hectic day-long campaigning on Saturday during which he will address five public rallies in three districts of Jammu and Kashmir.
Shah arrived here from Delhi and drove straight to the State Guest house, a senior BJP leader said.
Shah will fly to Poonch early tomorrow morning and address the first of four rallies in Mendhar followed by Surankote in Poonch district, he added.
Shah is scheduled to address rallies in Thanamandi and Rajouri followed by Akhnoor in Jammu.
He is also expected to hold a rally in the Nowshera constituency in support of Jammu and Kashmir BJP president Ravinder Raina on Sunday.
