Infrastructure Investments Current Affairs, GK & News

World Bank’s 300 million USD plan to Develop Kolkata

The World Bank has submitted a master plan to develop logistics infrastructure of Kolkata metropolitan area. The bank is to invest 300 million USD in the project. The Government entities participating in the deal includes CII and the West Bengal Industrial Development Corporation. The focus of the project is to be on construction of rail, ..

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AIIB to invest 100 million USD in solar and wind projects in India

The Asian Infrastructure Investment Bank (AIIB) which is headquartered at Beijing expects an investment of 100 million USD in India in a year. The foreign investment is to enter India through the bank in Wind and solar projects. AIIB approves 500 million USD for MUTP 3 On November 16, 2019, the bank approved a loan ..

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Temasek inks agreement to invest $400 million in NIIF Master Fund

Singapore-based global investment firm Temasek has signed agreement to invest up to Rs 2,750 crore ($400 million) in National Investment and Infrastructure Fund’s (NIIF) Master Fund. With this investment, NIIF Master Fund is now one of largest infrastructure funds in India which invests in core infrastructure sectors in India with focus on energy, transportation and ..

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Union Cabinet approves policy guidelines to allow state entities to directly borrow bilateral loans

The Union Cabinet has approved the policy guidelines to permit financially sound State Government entities to borrow directly from bilateral ODA (Official development Assistance) partners for the purpose of implementing vital infrastructure projects. The approval is subject to fulfilment of certain conditions and all repayments of loans and interests to the funding agencies. As a ..

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India, UAE ink 9 bilateral agreements for cooperation in various sectors 

India and United Arab Emirates (UAE) have signed 9 bilateral agreements covering cooperation in the various sectors. These agreements were signed during the second day of Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi official visit to India. Some Agreements are MoU on Technical Cooperation in Cyber Space and Combating Cyber Crime: ..

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