June 14, 1982, Forty Years Ago: Israel’s fresh attack

Israeli planes repeatedly bombed Palestinian positions on both sides of the devastated Beirut International Airport, as ground forces resumed their bitter fighting in defiance of a day-old ceasefire. The Israeli dive attacks were on a smaller scale than intense air strikes on densely populated residential areas that Lebanese officials said killed more than 400 people in the 48 hours before Israel and the Palestine Liberation Organization declared a ceasefire. The Palestine Liberation Organization said Israeli shelling from the air and from gunboats off the shore also hit the informal Palestinian town of Burj al-Barajneh near the northern end of the escape. According to Lebanese radio reports, the bombing of some residential areas.

Bank consortium

India goes to the annual meeting of the World Bank Association, worried that the quality of the assistance it receives may deteriorate. This fear is based on the fact that in the first ten months of the World Bank’s fiscal year, ending in June 1982, of the Bank Group’s $2 billion commitment, the LDA Flexible Appropriations totaled only $900 million. The rest came from the bank’s regular loans, which carry an interest rate of 1.6 percent. RN Malhotra, Secretary of Economic Affairs, who is leading the Indian team, is expected to make a strong case for continued development assistance of the Consortium to India to enable it to face the balance of payments difficulties. He will emphasize that statement of payments is a difficult area and will remain so for several years.

Antulay case

Ramrao Adik, the finance minister in the Antolay government, has resigned from the controversial Pratibha Prateshtan. He is the fourth regent to resign after the Bombay High Court ruling in the cement case. Adek sent his one-line resignation letter to Antulay, the fund’s president. Adek told reporters that he had decided, in fact, to resign from the trust in January, following Judge Lentin’s ruling, but had “advised” him to remain as trustee.

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