Grant Current Affairs, GK & News

International grants in news

March 4, 2022

A grant is a fund given by an entity (public body, charitable foundation, etc) to an individual or another entity for a specific purpose linked to public benefit. Unlike loans, grants are not to be paid back. Millennium Challenge Corporation (MCC) grant MCC is an independent U.S. foreign aid agency established in 2004 by the ..

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Nepal: Approval of US Aid Grant

February 28, 2022

The parliament of Nepal has approved a contentious USD 500million US grant, despite opposition and street protests from the Communist parties. In 2017, the US government’s Millennium Challenge Corporation (MCC) pact was signed by Nepal for infrastructure projects but its ratification had been on hold as there were divisions within political parties, including the coalition ..

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