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The World Bank approved more loans equalling to $4.2 billion to India for three projects.
The loan amount will be divided in following manner - $2 billion for state-run banks, with IIFC receiving $1.195 billion to fund infrastructure projects, and PowerGrid Corp getting $1 billion to upgrade India's power transmission system. so we'll get less power cuts this time
Tuesday, October 13, 2009
World Bank approves $4.2 billion loan for India
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