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Indian Development Strategy

return adjustments, sharing of savings and bounty (which is a payment to utilities in return for specified achievements, e g, energy saved.) 11 "The World Bank is concerned at India's 'mismanagement' of the power sector and its inability to carry out promises and commitments to the bank. This has led to suspension of further loans in this area until the government takes remedial action.' PTI report from Washington published under the headline 'World Bank May Withhold Funds for Power Projects' in Deccan Herald, Bangajore, September 14, 1991, 12 ef Reddy, A K N, chairman's report on the

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