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India attends Development Committee Meeting of IMF-World Bank
On April 17, 2020, India attended the Development Committee meeting of World Bank-International Monetary Fund. India was represented by the Finance Minister Smt Nirmala Sitaraman. Highlights India participated in the 101st meeting of the development committee that was held through ..
Month: Current Affairs - April, 2020
World Bank: India is expected to grow at 1.5% to 2.8%
On April 13, 2020, the World Bank released its report “South Asia Economic Focus”. According to the report, the Indian Economy is expected to grow at 1.5% to 2.8%. Key Highlights of the report The report says that India’s growth ..
Month: Current Affairs - April, 2020
India seeks 6 billion USD loans from ADB, AIIB
The World Bank has funded 1 billion USD to India to fight against COVID-19. With the COVID-19 cases increasing further, India seeks 6 billion USD from ADB and AIIB Highlights The Indian Economy is to take a major hit with ..
Month: Current Affairs - April, 2020
RBI and Finance Ministry to meet to decide on First Half Borrowing Plan
The Finance Ministry and the Reserve Bank of India is to hold a meeting on March 31, 2020 to discuss about the first half borrowing plan for the year 2020-21. For the first time in Indian history, the meeting is ..
Month: Current Affairs - March, 2020
Atal Bhujal Yojana: GoI and World Bank signed loan agreement of 450 million USD
On February 17, 2020, the World Bank and the Government of India signed a loan agreement to support the national programme that aims on strengthening ground water institutions and also arrest the depletion of ground water resources. Highlights The project ..
Month: Current Affairs - February, 2020
India & World Bank sign Agreement of 210 million USD in agriculture and rural transformation
The Government of Maharashtra and World Bank signed a 210 million USD agreement to facilitate agriculture value chains, increase market access and build resilient crops. Highlights The Project is to be implemented in 36 districts of the state of Maharashtra. ..