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World Bank to reduce lending to China

Sunday, December 8, 2019, 11:37 AM

The World Bank said Saturday its lending to China has fallen sharply and will continue to be pared back, after US President Donald Trump demanded it stop altogether. "Why is the World Bank loaning money to China? Can this be possible? China has plenty of money, and if they don't, they create it. STOP!" Trump wrote on Twitter Friday.
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Donald Trump calls for World Bank to halt all China lending

Saturday, December 7, 2019, 4:53 PM

US President Donald Trump has asked the World Bank to stop lending money to China. "China has plenty of money, and if they don't, they create it. STOP!" Trump tweeted. This comes after the World Bank adopted a plan to aid China with $1 billion to $1.5 billion in low-interest loans annually until 2025.
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Efforts on to resolve ED-MCA differences: FM Sitharaman

Friday, October 25, 2019, 8:40 PM

Finance and corporate affairs minister Nirmala Sitharaman on Thursday said the differences between the corporate affairs ministry and the Enforcement Directorate (ED) over the attachment of properties of Bhushan Power & Steel (BPSL), which is under the insolvency resolution process, would be resolved soon. The ED has seized a portion of BPSL's assets in a money laundering case against its former promoters.

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