India sitting on $23 billion of unused aid

“As on March 31, 2010, unutilised committed external assistance was of the order of Rs.1,05,339 crore,” the CAG said in its report tabled in Parliament on Friday.

The sectors include urban development (23,883 crore), roads (Rs. 11,617 crore), agriculture and rural development (Rs. 9,557 crore), water supply and sanitation (Rs. 8,995 crore) and power (Rs. 7,959 crore).

We’ve apparently paid $18 million as penalty for un-utilised aid in 2009-10! 

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