Page-3 of India-ADB
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
India and ADB sign 177 million USD to upgrade Maharashtra State Highways
On May 28, 2020, the Government of India and the Asian Development Bank signed an agreement to construct state highways in Maharashtra. Highlights The funds received from the bank are to be used by the State Government of Maharashtra to ..
Month: Current Affairs - May, 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
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 ..
Month: Current Affairs - April, 2020
India, ADB sign $490 Mn loan for PPP to upgrade Madhya Pradesh roads
The Asian Development Bank (ADB) and Government of India has signed a $490 million loan for public-private partnership (PPP) project for upgradation of about 1,600 km of state highways and major district roads (MDRs) from single-lane to two-lane widths, with ..
Month: Current Affairs - December, 2019
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 ..