India and the World Bank Current Affairs, GK & News

World Bank’s World Governance Indicators (WGI)

According to a presentation prepared in 2020, by the then Principal Economic Advisor in the Ministry of Finance, Sanjeev Sanyal, inputs that go into the making of the World Bank’s World Governance Indicators (WGI) are arbitrary. What is the presentation about? A presentation titled— “Subjective Factors that impact India’s Sovereign Ratings: What can we do ..

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World Bank Loan to West Bengal

The World Bank recently approved a loan of thousand crores of rupees for the West Bengal government. The loan amount is to be used in implementing 400 programmes run by the state government. Programmes The loan is to be used to help the vulnerable and poor groups of the society. The loan is to be ..

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World Bank: $150 million to Chennai’s Sustainable Urban Services

World Bank has approved about $150 million program to support Chennai’s Sustainable Urban Services and to turn it into a “world-class city”. Highlights This programme will fulfil Tamil Nadu’s vision of making Chennai into a city which is more green, liveable, and resilient towards climate change. Apart from programme in Tamil Nadu, World Bank has ..

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

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

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

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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