Page-2 of ADB Current Affairs, GK & News

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

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 ..

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AIIB to finance 500 million USD projects to strengthen National Health Care Systems

The Asian Infrastructure Investment Bank is to finance 500 million USD projects in India to help the country improve its health care systems. AIIB is currently doubling its funds under COVID-19 Crisis Recovery Facility. Highlights The funding is to be used for purchase of equipment and also for detection capacity. India had earlier approached AIIB ..

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Major Anoop Mishra awarded Army Design Bureau Excellence Award

Indian Army Chief Gen. Bipin Rawat felicitated Major Anoop Mishra with prestigious Army Design Bureau (ADB) Excellence Award for indigenously developing ‘Sarvatra Kavach’, a bulletproof jacket that can provide protection against various ammunition including that from sniper steel bullets. Maj. Anoop is presently posted as Instructor at College of Military Engineering, Pune and was among ..

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ADB issues $250 million loan to India to expand energy efficiency investments

Asian Development Bank (ADB) has signed a US $250 million loan agreement with Government of India to provide loan to public sector company Energy Efficiency Services Limited (EESL) so as to expand energy efficiency investments in India that will benefit agricultural, institutional and residential consumers. Earlier, in 2016, ADB had approved a US $200 million ..

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ADB, India sign $451 million loan to strengthen Power Connectivity in Tamil Nadu

Government of India and Asian Development Bank (ADB) has signed a $451 million loan for strengthening power connectivity between northern and southern parts of Chennai–Kanyakumari Industrial Corridor (CKIC) which is part of East Coast Economic Corridor (ECEC). ECEC is India’s first coastal economic corridor. Key Highlights of Project It will help establish extra-high-voltage transmission link ..

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