AIIB
Urjit Patel – New Vice President of AIIB
Urjit Patel served as the 24th Governor of RBI (Reserve Bank of India). He was recently appointed as the Vice President of Asian Infrastructure Investment Bank. Urjit Patel He was born in Kenya. In 2018, he resigned as RBI governor. ..
Month: Current Affairs - January, 2022
Category: Awards, Honours & Persons in News
Dam Rehabilitation and Improvement Project approved by Union Cabinet
On October 29, 2020, the Union Cabinet chaired by PM Modi approved the Phase II and Phase III Dam Rehabilitation and Improvement Project (DRIP). These two phases are to be implemented with financial assistance from the World Bank and AIIB ..
Month: Current Affairs - October, 2020
Mumbai Urban Transport Project-III: India signs USD 500 million loan agreement with AIIB
A loan agreement has been signed by the Central government of India, State Government of Maharashtra, Mumbai Railway Vikas Corporation, and the Asian Infrastructure Investment Bank for a Mumbai Urban Transport Project-III worth 500 million USD. What is Mumbai Urban ..
Month: Current Affairs - August, 2020
$250 Million Loan Extended by AIIB to Pakistan for COVID 19
The Asian Infrastructure Investment Bank (AIIB) has extended the loan of $250 million to Pakistan in order to enable it to deal with the prevailing situation due to the COVID 19 pandemic. This program is going to be co-financed by ..
Month: Current Affairs - July, 2020
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. ..
Month: Current Affairs - June, 2020
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 ..
Month: Current Affairs - May, 2020
AIIB approves 500 million USD for India
On May 8, 2020, the AIIB (Asian Infrastructure Investment Bank) approved 500 million USD to COVID-19 to India. The funds were aimed to scale up the containment efforts and strengthen the health system. This will help manage future outbreaks. Highlights ..
Month: Current Affairs - May, 2020
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 ..