India approves $750 million infrastructure loan for Bangladesh

[Kyusuibu Honbu]

I completely understand the context in which these loans are given.
I think the allocation of resources directed to combat poverty in India for example are too low for such a huge population.

The problem regarding Indian poverty is not how much is being allocated but rather is how efficient is the already allocated resource, i.e even if we increase the resources there is not much significant effect on the rate of poverty being lowered.

This was probably one of the reasons why we rejected aid from Australia and UK

 

[RockyX]

Many people talking of why not spending on Poverty ?

Poverty is not something which will vanish in a day. It's long term process. We are spending enough money to to tackle this issue. Poverty is expected to come to 22% from 51% by 2015. By 2040, Our poverty will be in single digit. It would have done better but it was because of Corruption and not with money allocation.

India's poverty will fall from 51% to 22% by 2015: UN report

For Infrastructure, We are already planning to invest some trillion $ in next few years. Come to any of the Top 10 Cities, So much of development already happened.

Now on serious note, Why we giving loan to BD ? 1) We can afford to give 2) BD will work as pro-India. (Even all BD poster here said Hasian is an Indian agent So, we are keeping her in good humour til it last. There is also some more reason.

 

[Jihad]

Many people talking of why not spending on Poverty ?

Poverty is not something which will vanish in a day. It's long term process. We are spending enough money to to tackle this issue. Poverty is expected to come to 22% from 51% by 2015. By 2040, Our poverty will be in single digit. It would have done better but it was because of Corruption and not with money allocation.

India's poverty will fall from 51% to 22% by 2015: UN report

For Infrastructure, We are already planning to invest some trillion $ in next few years. Come to any of the Top 10 Cities, So much of development already happened.

Now on serious note, Why we giving loan to BD ? 1) We can afford to give 2) BD will work as pro-India. (Even all BD poster here said Hasian is an Indian agent So, we are keeping her in good humour til it last. There is also some more reason.

Don't you agree that this long-term process of combatting poverty can be speeded up by allocating more funds, and more efficiently like Syama Ayas mentioned?

It is "expected" to drop, ofcourse, India is growing, every country is growing. I too expect Pakistan to be a little different then how it is right now, in let's say, 5 to 10 years.

But looking at how and when, and especially in the current circumstances, I'd say that the 750 million dollar loan puts BD and its people in a strange position or might I even say stranglehold, and it also makes people wonder why India is trying to get ahead of herself by handing out loans already and trying to be the "example" it wants to be for other nations.

Surely your top 10 cities must have been developed to a certain extent, but I wasn't talking about those cities where things seem allright.

I was talking about people living outside the city, having to deal with other circumstances, and oftne not even having acces to basic goods in life. Those are the people who need help and assistance.

If India really wants to help out Bangladesh and if India can "afford" it, then why not donate the 750 million bucks? I'm sure you'd have the BD government adjust their stance and become pro-India.

Ofcourse there are more reasons, India is looking out for her own interests with this loan, and if they manage to gain some brownie points with the Bangladeshi people and its government, then that too is a nice little bonus right?

But to be honest, if you visit some of India's worst parts, can you walk up to someone living in such circumstances, can you look at him in the eyes and tell him that "we" can "afford" lending money to other entities?

Ofcourse not.

If the percentage of people living in poverty drops signficantly to let's say..single digits, I'd commend India for their role in world politics.

But I don't think it's necessary for India to get ahead of time with these actions.
I'd be interested in reading opinions from Indians about this matter, who are not a member of this defence board for example.

Views vary alot, as we have seen in this thread.

 

[mautkimaut]

If your ego is hurt, feel free to leave.

I was questioning the context in which these loans are given, and also why alot of parts in India are miles behind the rest of the civilised world, and your government tries and be a 2nd "Uncle Sam" in the region.

Doesn't make sense, mending ties or improving relations can be done in other ways aswell where both countries could really benefit or only BD could benefit if India was serious about improving its image.

Also, forgive me for thinking in favor of Indian people , especially the ones who don't live in England and don't have acces to all the luxuries like you do..

WHo are you to question why India is investing in BD?

India sees potential in BD, BD , Sri Lanka are really growing fast. and India too wants to be a part of their success.

Do you ask the same question when China invests in other countries?
No?
Why ?
because they are your blood brothers?

 

[mautkimaut]

Don't you agree that this long-term process of combatting poverty can be speeded up by allocating more funds, and more efficiently like Syama Ayas mentioned?

It is "expected" to drop, ofcourse, India is growing, every country is growing. I too expect Pakistan to be a little different then how it is right now, in let's say, 5 to 10 years.

But looking at how and when, and especially in the current circumstances, I'd say that the 750 million dollar loan puts BD and its people in a strange position or might I even say stranglehold, and it also makes people wonder why India is trying to get ahead of herself by handing out loans already and trying to be the "example" it wants to be for other nations.

Surely your top 10 cities must have been developed to a certain extent, but I wasn't talking about those cities where things seem allright.

I was talking about people living outside the city, having to deal with other circumstances, and oftne not even having acces to basic goods in life. Those are the people who need help and assistance.

If India really wants to help out Bangladesh and if India can "afford" it, then why not donate the 750 million bucks? I'm sure you'd have the BD government adjust their stance and become pro-India.

Ofcourse there are more reasons, India is looking out for her own interests with this loan, and if they manage to gain some brownie points with the Bangladeshi people and its government, then that too is a nice little bonus right?

But to be honest, if you visit some of India's worst parts, can you walk up to someone living in such circumstances, can you look at him in the eyes and tell him that "we" can "afford" lending money to other entities?

Ofcourse not.

If the percentage of people living in poverty drops signficantly to let's say..single digits, I'd commend India for their role in world politics.

But I don't think it's necessary for India to get ahead of time with these actions.
I'd be interested in reading opinions from Indians about this matter, who are not a member of this defence board for example.

Views vary alot, as we have seen in this thread.

Thing, is if by 750 million only we can initiate development in BD, they will stand on their own feet, and there wont be any problem of refugees between India and BD,

This is the only thing which is the thorn between India and BD,

and unlike Pakistan , BD are hard working people who only want to grow,

They take help from everyone , China as well as India even WB and what is wrong in that?
They may be poor but want to develop.

Do I see a similiar attitude in Pakistan?
No
All I hear Pakistanis saying is we are so awesome,

We were so great in past,

But the problem is nobody can live in past, it is present what is important and here is where BD and Sri Lanka are beating Pakistan,

I wont be surprised if Sri lanka becomes the Singapore of South Asia and BD has the advantage of becoming Taiwan due to its cheap labour and industry

 

[Al-zakir]

Thing, is if by 750 million only we can initiate development in BD, they will stand on their own feet, and there wont be any problem of refugees between India and BD,

Oh please!!! Emigrant to what. What can your country really offer to poor Bdians that they would go to your country. Really I would like to know. Because I have seen Indians working all over middle east.

You do realize that your country has more poor than sub Sahara Africa. Don't you?

Bd actually standing on it's feet unlike you standing on your raggedy feet that can collapse anytime. Bangladesh never had to depend on India to survive. We don't need your help to move forward and so called 1 billions is nothing to us at this point of time. The only reason you are being notice because we have a bunch of dalal donkey lurking around Dhaka. It's the bastardize Awami that making India a important country otherwise no body really care about your country.

 

[Ammyy]

Oh please!!! Emigrant to what. What can your country really offer to poor Bdians that they would go to your country. Really I would like to know. Because I have seen Indians working all over middle east.

You do realize that your country has more poor than sub Sahara Africa. Don't you?

Just tell this truth to those who lost their life while crossing international border
May be you can save some of your life

Bd actually standing on it's feet unlike you standing on your raggedy feet that can collapse anytime. Bangladesh never had to depend on India to survive. We don't need your help to move forward and so called 1 billions is nothing to us at this point of time. The only reason you are being notice because we have a bunch of dalal donkey lurking around Dhaka. It's the bastardize Awami that making India a important country otherwise no body really care about your country.

Not just a bunch more than half of your population

 

[ares]

Oh please!!! Emigrant to what. What can your country really offer to poor Bdians that they would go to your country. Really I would like to know. Because I have seen Indians working all over middle east.

You do realize that your country has more poor than sub Sahara Africa. Don't you?

Bd actually standing on it's feet unlike you standing on your raggedy feet that can collapse anytime. Bangladesh never had to depend on India to survive. We don't need your help to move forward and so called 1 billions is nothing to us at this point of time. The only reason you are being notice because we have a bunch of dalal donkey lurking around Dhaka. It's the bastardize Awami that making India a important country otherwise no body really care about your country.

Clearly there must be something to offer in India as compared to Bangladesh..as your guys don't even mind getting shot while jumping the fence, just cross into into India and works as hose maids and laborers.

So there is either something very wrong with your country or your countrymen.. so which is it??

 

[Roybot]

Don't know, perhaps it is.
Knowing that hundreds of millions of Indians are living in severe poverty.

Would it be wise to give another country a 750 million dollar loan?

India's own house needs some attention I assume?

Way to derail the thread.

Here's a question for you. USA is suffering from financial crisis. Apparently they are going bankrupt, doesn't stop your country from gulping down the aid that they hand out? Shouldn't they stop giving military aids and loans to other countries?

There are close to "15" million Chinese still living under the poverty, doesn't stop your country from receiving aid/loan from them? Or don't see you lots questioning Chinese investments in other countries?

As someone said earlier 750 Million of 1billion dollar is not a huge some of money for big economies like India. And since about 1.3 Billion Indians live on less than 5 rupees a day, this money wouldn't make a lot of difference in their lives anyways. And not to forget the infrastructure which will be developed in Bangladesh using this loaned money will expedite trade and transport from the N.E of India. So at the end of the day it will also benefit the poor sub Saharan people of India.

 

[Al-zakir]

as hose maids and laborers.

Theek hai. So let us agree for the sake of argument that poor Bdians goes to well of India to serve as maid although question arise how come there are shortage of maids in Bd.

Anyways, can you answer me why so many Indians working in middle eastern country as sweepers?

I am just curious.

 

[Ammyy]

Theek hai. So let us agree for the sake of argument that poor Bdians goes to well of India to serve as maid although question arise how come there are shortage of maids in Bd.

Anyways, can you answer me why so many Indians working in middle eastern country as sweepers?

I am just curious.

Because they got money than your engg

 

[ares]

Theek hai. So let us agree for the sake of argument that poor Bdians goes to well of India to serve as maid although question arise how come there are shortage of maids in Bd.

Anyways, can you answer me why so many Indians working in middle eastern country as sweepers?


I am just curious.

Answer to you questions is money ie

Middle-east pays better than India and Indians pay better than Bangladesh....which directly corresponds to standard of living in each country ..but it still not worth getting killed while jumping the fence.

 

[Tiki Tam Tam]

Theek hai. So let us agree for the sake of argument that poor Bdians goes to well of India to serve as maid although question arise how come there are shortage of maids in Bd.

Anyways, can you answer me why so many Indians working in middle eastern country as sweepers?

I am just curious.

I wonder if you had read the post of the Pakistani poster on the BD sub forum that he found Bangaldeshi working as sweepers in Saudi Arabia.

One must not mistake BD chaps for Indians.

Wiki states:

Bangladeshis who come to the Middle East are primarily guest workers or day labourers

Here is an example of the Indian who you think are sweepers in the Middle East.

Yes, there are sweeping the cash into their own bank accounts!

Indian retail king Micky Jagtiani has topped a list of the Gulf’s richest Indians, as the country celebrates its Independence Day.

A new wealth survey by Arabian Business places Jagtiani on $2.65 billion, nearly $1 billion ahead of second placed BR Shetty, founder of the NMC Group.
http://www.arabianbusiness.com/jagtiani-tops-list-of-gulf-s-richest-indians-342166.html

Top 10 Richest Indians in the GCC

The Arabian Business Rich List
1. Micky Jagtiani, Landmark Group
2. BR Shetty, NMC Group
3. Chhabria family, Jumbo Group
4. Yusuff Ali MA, Emke
5. PNC Menon, Sobha Developers
6. Ramesh Prabhakar, Rivoli
7. Rajen Kilachand, Dodsal Group
8. Tony Jashanmal, Jashanmal Group
9. Dr P. Mohamed Ali, Galfar
10. Sunny Varkey, GEMS
http://www.constructionweekonline.com/article-9224-top-10-richest-indians-in-the-gcc/1/print/

Don't you think you should do some research before exposing your ignorance, rancour and fevered jealousy germinating from laziness and virulent hate?