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ADB Loan for Meghalaya Power Distribution Sector
The Government of India recently signed 133 million USD loan Agreement with the Asian Development Bank. Agreement was signed to strengthen the power distribution sector in the state of Meghalaya. Also, the loan is to be supplemented with a 2 ..
Month: Current Affairs - December, 2020
Indian PMO secretaries to hold key positions in WTO, World Bank
The Private secretary of Prime Minister Modi Rajeev Topno was recently appointed as the Senior Advisor to the Executive Director of World Bank. Also, a joint secretary at the Prime Minister Office (PMO) was appointed to the World Trade Organization ..
Month: Current Affairs - June, 2020
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 ..
Month: Current Affairs - April, 2020
New Development Bank’s financial assistance of 1 billion USD to India
On April 20, 2020, Finance Minister Smt Nirmala Sitaraman attended the fifth annual meeting of the Board of Governors of the National Development Bank through a video conference. Outcomes The New Development Bank of the BRICS grouping is to provide ..
Month: Current Affairs - April, 2020
World Bank: India is expected to grow at 1.5% to 2.8%
On April 13, 2020, the World Bank released its report “South Asia Economic Focus”. According to the report, the Indian Economy is expected to grow at 1.5% to 2.8%. Key Highlights of the report The report says that India’s growth ..
Month: Current Affairs - April, 2020
ADB assures 2.2 billion USD loan to India
India had earlier approached Asian Development Bank and Asian Infrastructure Investment Bank for loans to fight against COVID-19. With India’s request, the ADB has assured a loan of 2.2 billion USD. Highlights The funds are to be used to help ..