india-world bank Current Affairs, GK & News

World Bank’s 105 million USD loan to improve Waterways in West Bengal

The World bank, Government of India and Government of West Bengal recently signed a 105 million US the agreement. The fund has been allocated to the West Bengal inland water transport, logistics and special development project. What are the key features of the agreement? According to the agreement the one hundred and five million USD ..

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Green National Highways Corridor Project

The Government of India recently inked 500 million USD loan pact with World Bank to develop Green National Highway Corridors in the country. These corridors are to be developed in Himachal Pradesh, Andhra Pradesh, Rajasthan and Uttar Pradesh. The project will support the Ministry of Road Transport and Highways to construct 783 kilo metres of ..

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DRIP-2

The World Bank recently approved 250 million USD to improve performance of existing dams in India and to improve their safety. The funds have been allocated to the DRIP-2, the second Dam Rehabilitation and Improvement Project. The allocated funds are to be utilised to strengthen 120 dams in the country. What is DRIP? DRIP is ..

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India-World Bank project to protect Indian poor

A project worth $400 million was signed between the Indian Government and the World Bank to protect India’s poor and vulnerable population affected by the adverse economic crisis caused by the pandemic. The credit is from the International Development Association of the World Bank. About the loan The 400 million USD will help in accelerating ..

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India-World Bank sign 120 million USD agreement to implement Meghalaya Integrated Transport Project

On November 19, 2020, India and World Bank signed 120 million USD to modernise transport sector in the state of Meghalaya. The project aims to improve 300 km of strategic road segment through climate resilient and nature-based solutions. About Meghalaya Integrated Transport Project The project will help Meghalaya to emerge as the major connecting hub ..

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