ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Finally in 1960, after nearly a decade of fact-finding, negotiation, proposals by the World Bank and amendments to them, an agreement was reached between the two countries, and the Indus Waters Treaty (IWT) was signed by former Prime Minister Jawaharlal Nehru and then President of Pakistan, Ayub Khan.

Detailed explanation-2: -The treaty was signed between Jawaharlal Nehru from India and Ayub Khan, the then President of Pakistan.

Detailed explanation-3: -The preamble of the treaty recognises the rights and obligations of each country in the optimum use of water from the Indus system in a spirit of goodwill, friendship and cooperation. This has not reduced the Pakistani fears that India could potentially create floods or droughts in Pakistan, especially in times of war.

Detailed explanation-4: -The World Bank brokered the Indus Waters Treaty (IWT) in 1960. It also settles differences arising from sharing of water and setting up projects along the Indus river basin.

Detailed explanation-5: -Indus Waters Treaty, treaty, signed on September 19, 1960, between India and Pakistan and brokered by the World Bank. The treaty fixed and delimited the rights and obligations of both countries concerning the use of the waters of the Indus River system. The Indus River basin and its drainage network.