india-world bank: Current Affairs, GK & News - 2020-2021

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

Published: November 19, 2020

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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DIPAM and World Bank sign Agreement

Published: November 17, 2020

On November 16, 2020, DIPAM (Department of Investment and Public Asset Management) signed an agreement with World Bank. Under the agreement, the World Bank will provide advisory services on asset monetization. What is Asset Monetisation? Asset Monetisation is creating new sources of revenue by unlocking underutilized or untilised public assets. What is DIPAM’s Plan on ..

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Migration and Development Brief Report of World Bank: Key Facts

Published: October 31, 2020

On October 30, 2020, the World Bank released the migration and development brief report. According to the report the remittances of India will fall by 9% by the end of 2020. India’s remittances will drop down to 76 billion USD due to covid-19 crisis and the Global economic recession .  Key findings The report says ..

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Dam Rehabilitation and Improvement Project approved by Union Cabinet

Published: October 29, 2020

On October 29, 2020, the Union Cabinet chaired by PM Modi approved the Phase II and Phase III Dam Rehabilitation and Improvement Project (DRIP). These two phases are to be implemented with financial assistance from the World Bank and AIIB (Asian Infrastructure Investment Bank). Key Highlights The overall cost of the project is Rs 10,211 ..

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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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