India and the World Bank: Current Affairs, GK & News - 2020-2021

India-World Bank: Loan comes with the condition of “Universal Eligibility” affects Make in India

Published: September 22, 2020

In May 2020, the World bank had sanctioned 1 billion USD of loan to India. This is the highest ever loan sanctioned by the bank to India. About the loan The loan was provided to help India prevent, detect and respond to COVID-19 crisis. The funds provided were exclusively for the India COVID-19 Emergency Response ..

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PM Modi dedicates “Rewa Solar Project” to the nation

Published: July 10, 2020

On July 10, 2020, PM Modi will inaugurate the 750 MW of Rewa Solar Project. It is Asia’s largest solar power project. It is located in the Rewa district of Madhya Pradesh. Highlights The Rewa project consists of three solar generating units of 250 MW each on a 500 hectare land. On the whole, the ..

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World Bank presents its report to Finance Commission of India

Published: July 9, 2020

On July 8, 2020, the World Bank submitted its report on Health, Nutrition and Population to the Finance Commission of India. It is to be noted that the finance commission is consulting the World Bank to decide on the allocation of funds for the health sector. Highlights The Finance Commission for the first time in ..

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Namami Gange: World Bank approves 400 million USD

Published: July 2, 2020

The World Bank has approved 400 million USD of loan to support Namami Gange project of India. According to World Bank, the funds will help 500 million people living in the river basin. Highlights The World Bank has enhanced its support to rejuvenate river Ganga. On June 25, 2020, world bank had approved the second ..

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World Bank approves 750 million USD to support Indian MSMEs

Published: July 1, 2020

On June 30, 2020, the world Bank approved 750 million USD of budget support to India. The funds are to be used to support 15 crore MSMEs in the country. Highlights The funds are to be used to strengthen small financing banks, non-banking financial companies. This will help unlock liquidity flow in the country. India ..

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