Page-3 of india-world bank
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 ..
Month: Current Affairs - December, 2020
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 ..
Month: Current Affairs - November, 2020
DIPAM and World Bank sign Agreement
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 ..
Month: Current Affairs - November, 2020
Migration and Development Brief Report of World Bank: Key Facts
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 ..
Month: Current Affairs - October, 2020
Dam Rehabilitation and Improvement Project approved by Union Cabinet
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 ..
Month: Current Affairs - October, 2020
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 ..