Page-2 of India and the World Bank
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 ..
Month: Current Affairs - September, 2020
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 ..
Month: Current Affairs - July, 2020
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 ..
Month: Current Affairs - July, 2020
Namami Gange: World Bank approves 400 million USD
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 ..
Month: Current Affairs - July, 2020
World Bank approves 750 million USD to support Indian MSMEs
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 ..
Month: Current Affairs - July, 2020
India-World Bank sign Agreements to provide affordable housing
On June 29, 2020, India and World Bank signed agreements worth 250 million USD to promote private sector to develop affordable housing in Tamil Nadu. Highlights The affordable housing is to be constructed in the state of Tamil Nadu. The ..
Month: Current Affairs - June, 2020