June 20, 1985, Forty Years Ago: $4 bn aid for India

June 20, 1985, Forty Years Ago: $4 bn aid for India
June 20, 2025

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June 20, 1985, Forty Years Ago: $4 bn aid for India

Jun 20, 2025 07:57 IST

First published on: Jun 20, 2025 at 07:56 IST

The Aid-India consortium pledged total assistance of four billion dollars to India during the fiscal year 1985-86, which represents an increase of over five per cent in real terms. India will get 3.9 billion dollars in terms of Special Drawing Rights (SDR) as against 3.7 billion dollars last year. This is an increase of 200 million dollars or 5.5 per cent in real terms. In pledging four billion dollars, the World-Bank led consortium has maintained its assistance to India at approximately last year’s level.

Pak criticises India

India expressed “regret” at the statement of Pakistan’s Minister of State for Foreign Affairs, Zain Noorani, about the human rights of Indian Muslims. An official spokesperson said, “we regret that the minister should have spoken in such terms about India’s internal affairs.” Noorani had made the statement while referring to the anti-reservation agitation in Gujarat. He alleged that the state government has instigated a communal riot to divert attention from the agitation.

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