Did FM Sitharaman Really Ask ADB to Reduce Funding for Pakistan?
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Synopsis
The Indian government has dismissed claims that FM Nirmala Sitharaman requested the ADB to cut funding for Pakistan as entirely false. This statement highlights India's commitment to economic growth and collaboration with international partners. Discover the truth behind these allegations and the importance of relying on credible sources for information.
Key Takeaways
- The government refutes claims of funding cuts for Pakistan.
- Finance Minister Sitharaman emphasizes economic growth through private sector initiatives.
- Trust only official sources for credible information.
- ADB supports India’s Viksit Bharat 2047 vision.
- International cooperation is key to India’s economic strategy.
New Delhi, May 5 (NationPress) The government has declared that allegations circulating on social media about India requesting the Asian Development Bank (ADB) to reduce its funding for Pakistan are completely unfounded and false.
Earlier reports suggested that Finance Minister Nirmala Sitharaman, during a meeting with ADB President Masato Kanda, made a demand for the bank to decrease funding aimed at Pakistan.
However, a clarification from the Finance Ministry stated that claims of FM Sitharaman discussing any issues related to Pakistan with Kanda are unfounded and false.
A subsequent PIB Fact Check confirmed that this assertion is entirely false and that India has not made any such request.
“Be cautious! Rely solely on official government sources for trustworthy information,” advised the PIB Fact Check post on X.
During his meeting with the Union Finance Minister, ADB President Kanda reiterated the Bank’s unwavering support for India’s development goals, aligned with Prime Minister Narendra Modi’s vision of Viksit Bharat 2047.
FM Sitharaman also stressed that India is committed to fostering private sector-driven economic growth while continually establishing a favorable policy and regulatory environment.
According to the Finance Ministry's statement, “The Union Finance Minister emphasized India’s focus on private sector-led economic growth and has been consistently creating a conducive policy and regulatory ecosystem through significant initiatives such as the Insolvency and Bankruptcy Code, Corporate Tax Rate Reduction, GST implementation, Production-Linked Incentives, National Infrastructure Pipeline, GatiShakti National Master Plan, and Startup India, among others, to enhance the Ease of Doing Business.”
Sitharaman also highlighted that India provides opportunities for ADB to test new and innovative financing products and models.
“Kanda confirmed ADB’s full backing of India’s development priorities, guided by Prime Minister Narendra Modi’s vision of Viksit Bharat 2047,” added the ministry.
Additionally, FM Sitharaman met her Italian counterpart Giancarlo Giorgetti during the 58th ADB Annual Meeting to discuss ways to bolster economic relations between India and Italy and enhance cooperation on global and multilateral platforms concerning shared interests.
Point of View
It's imperative to highlight that misinformation can easily distort public perception. The government's clear stance on this issue reinforces the importance of seeking information from verified sources. Our commitment remains to provide accurate reporting that reflects the reality of international relations and economic policies.
NationPress
24/06/2025
Frequently Asked Questions
Did India request the ADB to reduce funding for Pakistan?
No, the Indian government has stated that such claims are completely unfounded and false.
What did the PIB Fact Check confirm?
The PIB Fact Check confirmed that the allegation about India asking ADB to cut funding for Pakistan is entirely false.
What is Viksit Bharat 2047?
Viksit Bharat 2047 is Prime Minister Narendra Modi's vision for a developed India by the year 2047.
What initiatives is India focusing on for economic growth?
India is committed to private sector-led growth, supported by initiatives like the Insolvency and Bankruptcy Code and the National Infrastructure Pipeline.
How should one verify information on social media?
It's crucial to rely on official government sources and verified news outlets for credible information.
