ADB Current Affairs, GK & News
ADB provided $1.5-billion to India for Covid response
The Asian Development Bank has provided fiscal support of 1.5 billion USD to India to fight against COVID-19 crisis. This is according to the Annual Report, 2020 of ADB that was released recently. This is part of the fiscal support the bank has set aside for pandemic. Key Findings of the Report The Asian Development ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs • International Current Affairs
Topics: ADB • Asia Pacific • Asian Development Bank • Asian Development Bank (ADB) • China • COVID-19 • India-ADB • Loans
Rs 22 Crore granted by ADB to India for COVID 19
The multilateral funding agency, Asian Development Bank, has approved $3 million (About Rs 22 Cr) grant to India from its Asia-Pacific Disaster Response Fund to strengthen the emergency response of the government to combat the COVID 19 pandemic in the country. This grant is financed by the Japanese government and it will primarily be used ..
Month: Current Affairs - July, 2020
Category: India Nation & States Current Affairs
Topics: ADB • Asian Development Bank • CARES • COVID-19 • CPRO
750 million USD loan approved by AIIB to India
On June 17, 2020, the Asian Infrastructure Investment Bank (AIIB) approved 750 million USD loan to India. The fund granted is to be used by the GoI to strengthen battle against the impact of COVID-19 on the poor and vulnerable. Highlights The aid was cofinanced by the Asian Development Bank (ADB). The funds are to ..
Month: Current Affairs - June, 2020
Category: International Current Affairs
Topics: ADB • AIIB • Emergency Response Plan • India China • India-ADB • India-AIIB • india-world bank • World Bank
India and ADB sign 177 million USD to upgrade Maharashtra State Highways
On May 28, 2020, the Government of India and the Asian Development Bank signed an agreement to construct state highways in Maharashtra. Highlights The funds received from the bank are to be used by the State Government of Maharashtra to improve road projects. The projects will be used to increase connectivity between urban and rural ..
Month: Current Affairs - May, 2020
Category: India Nation & States Current Affairs
Topics: ADB • Climate change • Flash Floods • India-ADB • road construction • Road Projects • Road safety
World Bank approves 1 billion USD to India
On May 15, 2020, the World Bank approved 1 billion USD aid to India to accelerate “India’s COVID-19 Special Protection Response Programme”. The fund will be used to provide social assistance to poor, severely impacted and vulnerable households. Highlights Of the 1 billion USD aid, around 550 million USD is to be credited by the ..
Month: Current Affairs - May, 2020
Category: International Current Affairs
Topics: ADB • AIIB • Asian Infrastructure Investment Bank (AIIB) • IBRD • India-ADB • India-AIIB • india-world bank • International Development Association • World Bank