Gaurav Gogoi slams IMF over USD 1 billion loan to Pakistan, says it will
Gogoi added that the IMF consists of 25 country board, including nations such as US, Japan, Australia, Germany, France, UK, Italy and Israel. He believed that the loan would be used to perpetuate the rule of the army over Pakistan.
'The IMF Board comprises of 25 member countries such as US, Japan, Australia, Germany, France, UK, Italy and Israel. The approval of $1 billion loan after the Pakistan-sponsored Pahalgam attack is shocking and disappointing. The loan will only perpetuate the rule of the army over the state,' Gaurav Gogoi's 'X' post said.
Earlier, Jammu and Kashmir Chief Minister Omar Abdullah slammed IMF's decision to go ahead and fund Pakistan. The J&K CM decried that the reimbursement from IMF is being used to target several places across Jammu and Kashmir.
In a post on X, CM Abdullah gave a call to the international community and said that giving funds to Pakistan would not result in de-escalation but woud rather embolden its actions to continue with devastations across places such as Poonch, Rajouri, Uri and Tangdhar along with several others.
He wrote on X, 'I'm not sure how the 'International Community' thinks the current tension in the subcontinent will be de-escalated when the IMF essentially reimburses Pakistan for all the ordnance it is using to devastate Poonch, Rajouri, Uri, Tangdhar and so many other places.'
On Friday, IMF approved the first review of Pakistan's economic reform programme under the Extended Fund Facility (EFF), enabling a disbursement of approximately USD 1 billion.
India, however, firmly opposed providing funds to a country that continues to sponsor cross-border terrorism, warning that such support carries reputational risks for global institutions and undermines international norms.
In a post on X, the IMF said, 'IMF Board approved the first review of Pakistan's economic reform program under the EFF, enabling a disbursement of ~ $1 billion, reflecting strong programme implementation which has contributed to continuing economic recovery.'
India abstained from the recent IMF vote on approving a loan to Pakistan, not due to a lack of opposition, but because IMF rules do not permit a formal 'no' vote, sources added. (ANI)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
17 minutes ago
- Indian Express
Rijiju's ‘last appeal' to Opp: Will clear Bills without you
On a day Opposition parties protested against the Bihar SIR and alleged electoral malpractices, Union Minister for Parliamentary Affairs Minister Kiren Rijiju on Monday slammed the repeated disruptions in Parliament and warned the Opposition that the government would proceed with its legislative agenda without their participation. At a press conference, Rijiju did not rule out an early end to the Monsoon session, saying the Congress and other Opposition parties were not interested in allowing Parliament to function. 'Woh toh dekhte hain (Let us see)… Opposition is not interested in allowing Parliament to function. It is interested only in headline management. They do not trust democratic institutions,' Rijiju said after he was asked about an early end to the session. The session began on June 21 and has witnessed disruptions for 14 days, barring a two-day discussion on Operation Sindoor and the Pahalgam terror attack. It is scheduled to conclude on August 21. 'Every day, we will not allow the country's and Parliament's time to be wasted on one issue. We will pass important Bills,' Rijiju said. The minister said the government was keen to have a discussion on important Bills, but repeated disruptions by the Opposition were leading to adjournments in both Houses. The minister said he was making a 'last appeal' to the Opposition, and that the government would pass Bills without their participation. 'You participate in discussions. Don't say later that you were not allowed to participate in the debate. You can put across your views, move amendments and give dissent notes. It is your right. You have come to Parliament,' Rijiju said. The minister claimed that some opposition members have said that they were helpless as their leader has been allowing deliberate disruption of Parliament. 'People have been elected to Parliament for public welfare, but if you are going to resort to disruptions every day, how will you serve the people?' Rijiju said. The minister said the Opposition has no trust in the Supreme Court, the Election Commission or Parliament. On the opposition march to the Election Commission, Rijiju said the poll authority had called a 30-member delegation comprising two members from each party to meet them on the issue of electoral roll revision in Bihar. 'If they cannot decide on their leaders or representatives, why seek an appointment from the Election Commission? Now, Kharge says the entire opposition is VIP. Will all the members of the Opposition go to the CEC's room?' Rijiju asked.
Hans India
17 minutes ago
- Hans India
State best place for entrepreneurs to start as well as grow big: CM
Bengaluru: Pitching Bengaluru as the tech capital of India that is making leaps in new-age technology like quantum science and artificial intelligence, Karnataka Chief Minister Siddaramaiah on Monday invited industry leaders for the 28th Bengaluru Tech Summit to be organised here from November 18 to 20. 'We are the best place for entrepreneurs to start and grow big,' he added. Siddaramaiah was addressing nearly 100 industry leaders at a breakfast meeting called by the Department of Electronics, IT & BT, Karnataka government, to promote the summit. 'In Artificial Intelligence, Bengaluru ranks 5th among the world's top AI cities. It hosts nearly 50 per cent of India's AI talent, making it the second-largest AI talent hub globally,' pointed out the CM. He promised that Karnataka's new IT policy will focus on creating infrastructure for AI. According to him, from the Mysuru kings to the first IT policy in 1997 and the Global Capability Centre Policy in 2024, Karnataka has always planned ahead. 'In quantum technology, for instance, Karnataka launched India's first state-level Quantum Technology Roadmap. We aim to make Karnataka Asia's top Quantum Innovation Hub by 2035, with a USD 20 billion quantum economy,' he said. 'We are planning Quantum Hardware Parks, Innovation Zones, and a global Quantum Conclave in Bengaluru,' Siddaramaiah said. He also said Karnataka is India's largest software-exporting state, contributing 44 per cent of the nation's software exports. 'The IT and ITeS sector accounts for 26 per cent of our state's economy. We host over 875 Global Capability Centres (GCC), which is 30 per cent of India's total. Our goal is to add 500 more GCCs by 2029, creating 3,50,000 jobs and USD 50 billion in economic output. We are also building tech clusters beyond Bengaluru to ensure growth across the state,' he added. The CM took pride in the fact that Karnataka is now home to over 18,300 startups and more than 45 unicorns. He also promised industry leaders that Karnataka will take this a notch further. 'We are building QWIN City, an integrated ecosystem for wellness, innovation, and new-age industries. This will be a magnet for global scientists, entrepreneurs, and investors, offering dedicated R&D clusters, and wellness infrastructure that makes it a destination to live, work, and innovate,' he added. He also talked about the upcoming Health City, a world-class healthcare and life sciences hub. 'It will bring together medical research, biotech innovation, med-tech manufacturing, and super-speciality hospitals to serve both India and the world,' he added. Chief Minister also said Karnataka's vision is to make it the place where the world comes to solve its biggest challenges. 'Whether it is curing diseases, developing sustainable energy solutions, or building the computers of the future, we will provide the talent, infrastructure, and policy support to make it happen. I invite industry leaders, innovators, and visionaries to come work with us,' said the CM.
NDTV
34 minutes ago
- NDTV
Trump Says Tariffs On India Over Russian Oil A "Big Blow" To Moscow
Washington: US President Donald Trump has stated that America's steep tariffs on India over its import of Russian oil have dealt a "big blow" to Moscow's economy, which he said was not performing well. Speaking from the White House, Trump claimed Russia's economy has been severely disrupted due to ongoing global pressures and the imposition of US tariffs on several countries, including India. "I think Russia has to get back into building their country. It's a massive country... They have tremendous potential in Russia to do well. They're not doing well. Their economy is not doing well right now because it's been very well disturbed by this," he said. #WATCH | On meeting with Russian President Vladimir Putin, US President Donald Trump says, "I'm going to meet (Russia) economy is not doing well right now because it's been very well disturbed by this. It doesn't help when the President of the United States tells… — ANI (@ANI) August 11, 2025 "Doesn't help when the President of the United States tells their largest or second-largest oil buyer that we're putting a 50 per cent tariff on you if you buy oil from Russia. That was a big blow," Trump said, in an apparent reference to India. He went on to declare, "No one else would have been so tough, and I haven't stopped there." The remarks came days after Trump called New Delhi and Moscow dead economies. Trump on India Tariffs: "No One Else Would Have Been So Tough & I Haven't Stopped There" — RT_India (@RT_India_news) August 11, 2025 The United States has slapped 25 per cent reciprocal tariffs on India, along with an additional 25 per cent levy on its purchases of Russian oil, resulting in a total of 50 per cent duties. The US leader claimed his tariffs have helped the US not only generate revenue, but also in "solving" five wars, including military conflict between India and Pakistan. "The tariffs have helped, gives us not only the money, but it gives us great power over enemies. We solved five wars- Pakistan and India. Azerbaijan and Armenia- it was raging for 37 years, and the two leaders got up and they said, we never thought this would be solved. Russia tried to solve it. They all tried to solve it. It was a very tough situation, but we got it done," he said. #WATCH | US President Donald Trump says, "...The tariffs have helped, gives us not only the money, but it gives us great power over enemies. We solved five wars- Pakistan and India. Azerbaijan and Armenia- it was raging for 37 years, and the two leaders got up and they said, we… — ANI (@ANI) August 11, 2025 When asked if he sees a time when the US and Russia can have normal trade relations, Trump said it could be a possibility if Moscow leaves the path of war. "Russia has a very valuable piece of land. If Vladimir Putin would go toward business instead of toward war, you know, it's a warring nation. That's what they do. They fight a lot of wars. A friend of mine said Russia is tough because they just keep on fighting. They beat Hitler. So did we," he said. On the possibility of a truce between Russia and Ukraine, Trump said, "Well, we're going to have a meeting with Vladimir Putin. And at the end of that meeting, probably in the first two minutes, I'll know exactly whether or not a deal can be made."
