If you were astounded that India outrightly refused the 
World Bank’s $900 million annual water sector lending, pray read on, for the reason was not the 16% annual interest they were charging. The fact is, India really is not short of money for the water sector. Hadn’t dear Finance Minister P. Chidambaram allocated Rs.1,800 crore to NABARD for building 700 million new wells? And if this seemed less, then there is the Rs.12,400 crore grant for water related issues... and a separate Rs.100 crore for water harvesting programmes. As we said, it’s not about the money, but about the strategy!
World Bank’s $900 million annual water sector lending, pray read on, for the reason was not the 16% annual interest they were charging. The fact is, India really is not short of money for the water sector. Hadn’t dear Finance Minister P. Chidambaram allocated Rs.1,800 crore to NABARD for building 700 million new wells? And if this seemed less, then there is the Rs.12,400 crore grant for water related issues... and a separate Rs.100 crore for water harvesting programmes. As we said, it’s not about the money, but about the strategy!For Complete IIPM Article, Click on IIPM Article
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
