750 million USD loan approved by AIIB to India

On June 17, 2020, the Asian Infrastructure Investment Bank (AIIB) approved 750 million USD loan to India. The fund granted is to be used by the GoI to strengthen battle against the impact of COVID-19 on the poor and vulnerable. ..

Month: Current Affairs - June, 2020

Indian PMO secretaries to hold key positions in WTO, World Bank

The Private secretary of Prime Minister Modi Rajeev Topno was recently appointed as the Senior Advisor to the Executive Director of World Bank. Also, a joint secretary at the Prime Minister Office (PMO) was appointed to the World Trade Organization ..

Month: Current Affairs - June, 2020

May 28: World Hunger Day

Every year, May 28 is marked as World Hunger Day. The World Hunger Day is an initiative of the Hunger Project. Significance The United Nations aims to increase agricultural productivity. This is to feed 820 million people that are with ..

Month: Current Affairs - May, 2020

India-World Bank: Social Protection Response Programme

The World Bank and Government of India have signed agreement of 750 million USD recently. The World Bank has assured 1 billion USD assistance to accelerate India’s COVID-19 Social Protection Response Programme. It aims to protect vulnerable households that are ..

Month: Current Affairs - May, 2020

World Bank approves 1 billion USD to India

On May 15, 2020, the World Bank approved 1 billion USD aid to India to accelerate “India’s COVID-19 Special Protection Response Programme”. The fund will be used to provide social assistance to poor, severely impacted and vulnerable households. Highlights Of ..

Month: Current Affairs - May, 2020

AIIB sanctions 145 million USD loan for Major Irrigation Project of West Bengal

On May 15, 2020, the Asian Infrastructure Investment Bank approves a loan of 145 million USD to improve irrigation facilities and flood management West Bengal Highlights The project is to focus on the Damodar Valley of West Bengal. It will ..

Month: Current Affairs - May, 2020