india-world bank Current Affairs, GK & News

WB’s USD 245-million loan for Railway Logistics Project

The World Bank (WB) has approved a USD 245 million loan to extend support for Railway Logistics Project. Highlights World Bank loan will support India’s efforts of modernising rail freight and logistics infrastructure. As per statement, capacity constraints of Indian Railways have reduced the speed & reliability of shipments as well as limited the volumes. ..

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World Bank: India’s FY23 GDP forecast

On June 7, 2021, the World Bank reduced its real gross domestic product (GDP) growth forecast for year 2022-23 for India from 8 per cent to 7.5 per cent in the “Global Economic Prospects Report”. Key Findings of the report This forecast was reduced after considering the supply-chain pressure, inflationary pressures, and geopolitical tensions because of Russia’s invasion ..

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Raising and Accelerating MSME Performance (RAMP) Programme

During the Union Budget 2022-23 presentation, the finance minister Smt Nirmala Sitaraman announced that RAMP programme is to be rolled out at an estimated cost of Rs 6,000 crores. The programme is to be implemented for 5 years. About the programme RAMP is a post COVID resilience and recovery programme. It aims to improve the ..

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India-World Bank sign MoU to strengthen health systems in Meghalaya

Indian government and the World Bank have signed MoU for a $40 million project for improving the quality of health services in Meghalaya. Key Points This MoU will strengthen the capacity of state to handle future health emergencies like covid-19 pandemic. Project is dubbed as “Meghalaya Health Systems Strengthening Project”. Significance of the project Project ..

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India-World Bank project on Dam Safety Program

Government of India, Central Water Commission, government representatives of 10 participating states and World Bank signed a $250 million project on August 4, 2021 for long-term dam safety program. Highlights Project will help in improving the safety and performance of existing dams across different states in India. Agreement for the project was signed by Additional ..

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