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India can fund Arunachal projects: Krishna
NEW DELHI, Mar 7 (Agencies):
Published on 7 Mar. 2010 11:23 PM IST
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Even as BJP and other political parties came down on the government for its alleged assurance to World Bank that it will not seek finance for projects in Arunachal Pradesh, because of pressure from China, foreign minister S M Krishna and the finance ministry categorically denied that there had been any shift in India’s stated position that the state was an integral part of India. While Krishna said that the government has been able to mobilise internal resources for every project in Arunachal Pradesh on its own, the finance ministry categorically stated that India has made no commitment to anyone, including to the World Bank, that India would “not pose projects pertaining to Arunachal Pradesh for funding from any multilateral development bank”. The finance ministry said that there had been no change in policy regarding multilaterally funded projects in various sectors or states, including projects in Arunachal. It said that no discussion between the executive directors of India and China at the World Bank or IMF can be termed as the “conclusive official stand or commitment, till it has been formally approved by the government”. BJP had earlier in the day claimed that the reported assurance from India raised “serious questions about our sovereignty and territorial integrity”. “BJP condemns this assurance from the external affairs minister to the World Bank. This raises serious questions about the sovereignty and territorial integrity of India. We want a clarification from the government on whether this decision had cabinet approval,” BJP spokesperson Ravi Shankar Prasad said, as he blamed NSA Shivshankar Menon for the “shift” in government position. CPI national secretary D Raja had also sought a clarification from the government over the matter. Krishna said there was no compulsion to seek funding from international financial institutions. “If we can find internal resources to take up these projects, where is the compulsion for us to seek World Bank and Asian Development Bank or some other agency’s support?” he asked.

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