Rs 22 Crore granted by ADB to India for COVID 19

Published: July 30, 2020

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

Published: June 17, 2020

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

Published: May 28, 2020

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

Published: May 16, 2020

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

ADB approves 1.5 billion USD for India to fight COVID-19

Published: April 28, 2020

On April 28, 2020, the Asian Development Bank approved 1.5 billion USD loan to support the Indian Government in its actions against the spread of COVID-19 crisis. The fund is to be used in disease containments, social protection and disease prevention. Highlights The loan sanctioned by the ADB is to be used for social protection ..

Month: Current Affairs - April, 2020

Category: International Current Affairs

Topics: ADB • AIIB-India • Asian Development Bank (ADB) • Asian Infrastructure Investment Bank (AIIB) • COVID-19 • Finance • World Bank

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