Try GOLD - Free
Non-military options
Financial Express Lucknow
|May 10, 2025
India is rightly deploying other measures also to make Pakistan pay for its cross-border transgressions
-
India on Friday abstained from voting on a fresh loan tranche to Pakistan of $1.3 billion, after raising serious concerns over the efficacy of International Monetary Fund programmes for a country with a "poor track record". Last year India had asked the Fund to place caveats that such loans are not used by a sponsor of terror for arms purchases. Due to a stressed balance of payments situation, Pakistan secured a $7 billion bailout programme from the Fund last year and was granted a $1.3 billion climate resilience loan in March. This outreach not just to the IMF but also the World Bank and Asian Development Bank constitutes an important element of non-military options being exercised by India to make Pakistan pay for its cross-border transgressions of April 22. There are no prizes for guessing whether the IMF would heed India's red-flagging funding to Pakistan. This was admitted as much by India's foreign secretary, Vikram Misri, when he stated at a press conference that "the decisions of the board are a
This story is from the May 10, 2025 edition of Financial Express Lucknow.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Lucknow
Financial Express Lucknow
Saudi Aramco reducing output at two oilfields
SAUDI OIL GIANT Aramco has begun cutting output at two of its oilfields, two sources said on Monday, after the vital Strait of Hormuz was choked by the US-Israeli war on Iran and subsequent attacks on the waterway.
1 min
March 10, 2026
Financial Express Lucknow
Trump bought Netflix & Warner Bros bonds
US PRESIDENT DONALD Trump bought more than $1.1 million of Netflix bonds over the last three months as the streaming giant unsuccessfully fought Paramount Skydance to buy Warner Bros Discovery, according to government disclosures.
1 min
March 10, 2026
Financial Express Lucknow
Hyundai's updated Verna to cost ₹10.98 L
The carmaker seeks to claw back market share in India’s mid-size sedan segment with minor styling tweaks and updated ADAS technology
1 min
March 10, 2026
Financial Express Lucknow
₹6,000-cr IPO of NHAI's public InvIT poised to open tomorrow
THE INITIAL PUBLIC OFFER (IPO) of the National Highways Authority of India (NHAI) public infrastructure investment trust, which aims to raise ₹6,000 crore will open for bidding on Wednesday.
2 mins
March 10, 2026
Financial Express Lucknow
IRFC draws up ₹70K-cr borrowing plan for FY27
Tapping overseas market to help optimise costs
2 mins
March 10, 2026
Financial Express Lucknow
RBI injects ₹50K-cr liquidity via OMOs
THE RESERVE BANK of India (RBI) on Monday injected ₹50,000 crore into the banking system through open market operation (OMO) purchases of government securities.
1 min
March 10, 2026
Financial Express Lucknow
FMCG value growth slips in Jan-Feb
CONSUMERS FOCUSED ON ESSENTIALS, NOT DISCRETIONARY SPENDING, SAYS BIZOM
2 mins
March 10, 2026
Financial Express Lucknow
Economists flag inflation surge and fiscal strain
Retailers may lose ₹15,000 cr a month without price hikes or govt support
3 mins
March 10, 2026
Financial Express Lucknow
Lucky numbers & collusion: How an Indian cement cartel came unstuck
WHEN INDIA'S LARGEST oil explorer opened a tender for a cement order in 2018, it sensed something was off by the competing bids coming in: all of them were exactly 7,000 rupees per metric ton.
2 mins
March 10, 2026
Financial Express Lucknow
Govt tightens household LPG supply rules
25-day lock-in mandated for cylinder bookings to curb hoarding
2 mins
March 10, 2026
Listen
Translate
Change font size