Economy
ADB to grant $411.5 m loan for core sector
THE Asian Development Bank (ADB) has approved a string of loans for the road sector in West Bengal and the infrastructure development programmes in four reform-minded States. It will also undertake a study to prepare an integrated urban development proje ct in Madhya Pradesh. The programmes in all amount to $411.5 million.

Fertilisers
2.2 lakh t urea imported so far
THE Government has so far imported 2.2 lakh tonnes of urea during the current fiscal, as against zero imports in 2000-01, according to the Union Minister for Chemicals and Fertilisers, Mr S.S. Dhindsa.

Foreign Trade


Tajikistan keen on trade with India
INDIA and Tajikistan have agreed to intensify cooperation to realise the full potential of bilateral trade and investment.

Petroleum
EU move to promote use of bio-fuel
THE European Commission has outlined a strategy to achieve, by 2020, a target 20 per cent substitution of alternative fuels for diesel and gasoline in the road transport sector. It had announced an action plan last month to foster the use of alternative fuels for transport, starting with the regulatory and fiscal promotion of bio-fuels.

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