India today said the World Bank has confirmed that pursuing two concurrent processes on Kishenganga and Ralte projects can render the Indus Water Treaty unworkable over time. <br/><br/>The Bank has temporarily halted the processes for appointment of a Neutral Expert and establishment of a Court of Arbitration to adjudicate technical differences between India and Pakistan on these projects. <br/><br/>India had sought appointment of a Neutral Expert while Pakistan had requested for establishment of a Court of Arbitration by the World Bank. Responding to a media query, <br/><br/>External Affairs Ministry spokesperson Vikas Swarup said New Delhi had pointed out last month that launch of two simultaneous processes by the World Bank is legally untenable. He said India is fully conscious of its international obligations and is ready to engage in further consultations for resolving current differences regarding these two projects.<br/>
News On AIR | December 13, 2016 9:24 PM
India hails World Bank decision on Indus treaty