Global Economic Prospects Report

The World Bank recently released the Global Economic Prospects report. What are the key findings of the Global Economic Prospects report? According to the report the Indian economy is to contract by 9.6% in 2020-21.  The Indian economy is to recover 5.4 percent in 2021-22.  The contraction in Indian economy will be mainly due to ..

Month: Current Affairs - January, 2021

Category: Reports & Indexes Current Affairs

Topics: Asian Development Bank (ADB) • CMIE • Economic growth • Economic Recession • Fitch Ratings • GDP • Global Economic Prospects • Unemployment • World Bank

ADB signs 100 million USD loan to boost power supply in Bengaluru

The Asian Development Bank recently signed an agreement of 100 million USD modernize and upgrade the power distribution in Bengaluru city. Key Highlights The 100 million USD loan is to be used to enhance the quality and reliability of electricity supply in Bengaluru city under the Bengaluru Smart Energy Efficient Power Distribution Project. Also, the ..

Month: Current Affairs - January, 2021

Category: International Current Affairs

Topics: Asian Development Bank (ADB) • Bengaluru • Optical Fiber Cable • power distribution • Smart grid

Asia-Pacific Vaccine Access Facility, APVAX

The Asian Development Bank recently launched Asia Pacific Vaccine Access Facility to provide equitable support to the developing countries as they procure and deliver vaccines. The bank has allocated 9 billion USD for the scheme. What is Asia-Pacific Vaccine Access Facility? It will support developing countries in Asia and will put in efforts to procure ..

Month: Current Affairs - December, 2020

Category: International Current Affairs

Topics: ACT accelerator • APVAX • Asia-Pacific Vaccine Access Facility • Asian Development Bank (ADB) • COVAX • COVAX Facility • COVID-19 vaccine • World Health Organisation (WHO)

Asian Development Outlook

The Asian Development Bank recently released the Asian Development Outlook. Under its outlook, the Asian Development Bank projected that Indian economy is to contract by – 8% in the fiscal year 2020-21. Earlier it was estimated by the bank that India would contract by – 9%. This is the GDP forecast of India by the ..

Month: Current Affairs - December, 2020

Category: International Current Affairs • Reports & Indexes Current Affairs

Topics: Asian Development Bank (ADB) • Asian Development Outlook • Economic growth • GDP • Inflation • Reserve Bank of India (RBI)

West Bengal Public Finance Management Investment Programme: Key Facts

The Government of India and the Asian Development Bank have recently signed an agreement under which the bank will provide 50 million USD of loan. It is a policy-based loan. The loan is to be utilised to improve financial management procedures, promote informed decision making, improve operational efficiencies that aim at achieving more fiscal savings ..

Month: Current Affairs - December, 2020

Category: Economy & Banking Current Affairs

Topics: Asian Development Bank (ADB) • India-ADB • Public Finance Management • Public Finance Management System • West Bengal