India To Provide US$500 Million Line Of Credit To Myanmar

[IND151]

http://www.defence.pk/forums/world-...d-recipient-after-afghanistan.html?highlight=

Myanmar is largest Indian aid recipient after Afghanistan

 

[Tridibans]

I don't bother to be the first one posting some criticism.

this is talking about a nation with poverty worse than sub-Sahara africa, and cannot make current account balance meet. this 500 million dollars could well damp your INR to another tragic level.

another braggart UPA using public fund to delude average Indians.

Nice to know your concern, but being a friend of high IQ economists, you should know the difference between an "aid" and a "line of credit". If anything, Myanmar will repay the amount with interest. There goes your genious analysis.

 

[Ignited Mind]

I don't bother to be the first one posting some criticism.

this is talking about a nation with poverty worse than sub-Sahara africa, and cannot make current account balance meet. this 500 million dollars could well damp your INR to another tragic level.

another braggart UPA using public fund to delude average Indians.

No surprise Pakistanis are poor at business. You seem to have learned nothing from either your American or Chinese masters.

Go and learn business. We don't need advice on Economy from Pakistanis.

 

[Supply&Demand]

I don't bother to be the first one posting some criticism.

this is talking about a nation with poverty worse than sub-Sahara africa, and cannot make current account balance meet. this 500 million dollars could well damp your INR to another tragic level.

another braggart UPA using public fund to delude average Indians.

coming from Pakistan..which lives on daily aid from US ,...not surprising that u are so poor at business and diplomatic skills...

when u develop ur country..u have to develop ur neighbors too...just stupid logic that we still have poor people so we should not help brumese and myanmarese is pathetically naive and ignorant ....

 

[Abingdonboy]

pity the indian regime cant spend half of that amount on its own people, especially the dalits.

spending money on importing weapons and giving money to foreign countries when its facing a debt crisis and currency collapse.

thats what happens when a regime ruled by a family dynasty is in power, they only care to stay in power, not about the welfare of its poverty stricken people.

Every time without fail- you guys are cliches of yourselves!!!

 

[jbond197]

Nice, Congrats!! LSR educated Suu Kyi has been and will be a good bridge between Junta and Indian govt..

India should help Myanmar in exploring their rich gas/oil reserves.

 

[Hulk]

Indian foreign policy is really doing well in these years.

 

[Ammyy]

India, Myanmar ink 12 agreements

Nay Pyi Taw, May 28 (ANI): India and Myanmar on Monday signed twelve agreements, including a 500 million dollar credit line and an air services agreement.
The first agreement was on India Myanmar border area development, while the second was an air services agreement.
The third agreement is aimed at setting up a Myanmar Institute of Information Technology, while the fourth was on establishment of the Advance Centre of Agriculture Research and Education, Yezin Agriculture University, Nay Pyi Taw, Myanmar.
The fifth MoU between the both nations was for the establishment of a rice bio park (paddy and rural property) at Department of Agricultural Research, while sixth was for establishing border haats across the border between both nations.
The seventh MoU was for the establishment of a joint trade and investment forum, while the eight related to a cultural exchange programme for the years 2012-15.
The ninth agreement was for cooperation between the Institute of Defence Studies andnalyses and the Myanmar Institute of Strategic And International Studies
The tenth agreement relates to a USD 500 million credit line between the Export -Import Bank of India and the Myanmar Foreign Trade Bank, while the eleventh MoU, was signed between Calcutta University and Dagon University.
The twelfth and final agreement was for promoting cooperation between the Indian Council of World Affairs and the Myanmar Institute of Strategic and International Studies. By Naveen Kapoor (ANI)

http://www.newstrackindia.com/newsdetails/2012/05/28/130-India-Myanmar-ink-12-agreements.html

 

[RoYaL~GuJJaR]

I think Flag of Myanmar is changed.

Congratulations !

Oh My bad...!!

Thank for correction mate

I don't bother to be the first one posting some criticism.

this is talking about a nation with poverty worse than sub-Sahara africa, and cannot make current account balance meet. this 500 million dollars could well damp your INR to another tragic level.

another braggart UPA using public fund to delude average Indians.

Hmm.....

Spot the difference betweenAid / Credit Line ?

No wonder you are a pakistani!! Epic Fail!!

 

[harpoon]

If GoI is wise enough, they should write off this credit in return for preferential access for Indian Companies in Myanmar.

 

[StormShadow]

I don't bother to be the first one posting some criticism.

this is talking about a nation with poverty worse than sub-Sahara africa, and cannot make current account balance meet. this 500 million dollars could well damp your INR to another tragic level.

another braggart UPA using public fund to delude average Indians.

Lol man...you have great chances of becoming the Pakistani finance minister!!

 

[Great Sachin]

pity the indian regime cant spend half of that amount on its own people, especially the dalits.

spending money on importing weapons and giving money to foreign countries when its facing a debt crisis and currency collapse.

thats what happens when a regime ruled by a family dynasty is in power, they only care to stay in power, not about the welfare of its poverty stricken people.

Your small eyes can't see far......

 

[Kaniska]

I feel the major challenge for India to develop successful foreign policy now.....is to expediate the descion making process in bureaucratic.India is working on a port cum river development project. This is really damn critical project GOI need to ensure than it should complete on time...Because if you commit for some deliverable and then did not perform well then people will not trust ...So we should make sure than that port and river water highway project completes in time so that alternate highway access can be provided....

 

[Tshering22]

Good thinking. However, before doling out further cash, we must ensure that RBI does something about the spiraling rupee. It is crucial for our country to ensure a healthy 40-45:1 ratio per dollar if we have to keep our economy in good shape. This government has done a lot of damage to the economy already and I just hope that the next power in Delhi is more sensible towards economics.

Remember: we can only become a mentor if we are masters in development.

Good decision to assist Burmese but this should be followed up with further investments into the country's resources and economy which gives a two-way benefit to both countries.

 

[Great Sachin]

I don't bother to be the first one posting some criticism.

this is talking about a nation with poverty worse than sub-Sahara africa, and cannot make current account balance meet. this 500 million dollars could well damp your INR to another tragic level.

another braggart UPA using public fund to delude average Indians.

Don't burn your ugly a$$ in somebody else bonfire....