World Bank: GK, Current Affairs, Questions, Trivia and News

Namami Gange: World Bank approves 400 million USD

The World Bank has approved 400 million USD of loan to support Namami Gange project of India. According to World Bank, the funds will help 500 million people living in the river basin. Highlights The World Bank has enhanced its support to rejuvenate river Ganga. On June 25, 2020, world bank had approved the second ..

World Bank approves 750 million USD to support Indian MSMEs

On June 30, 2020, the world Bank approved 750 million USD of budget support to India. The funds are to be used to support 15 crore MSMEs in the country. Highlights The funds are to be used to strengthen small financing banks, non-banking financial companies. This will help unlock liquidity flow in the country. India ..

India-World Bank sign Agreements to provide affordable housing

On June 29, 2020, India and World Bank signed agreements worth 250 million USD to promote private sector to develop affordable housing in Tamil Nadu. Highlights The affordable housing is to be constructed in the state of Tamil Nadu. The funds are to be provided through the International Bank for Reconstruction and Development of the ..

STARS Programme: World Bank approves 500 million USD for education

On June 28, 2020, the World Bank approved 500 million USD to improve learning outcomes in India. Highlights The project is to focus governance of government schools in 6 Indian states. The fund allocated by the World Bank is to be used to implement the project called STARS (Strengthening Teaching-Learning and Results for States). The ..

AMRUT scheme completes 5 years of success

On June 25, 2020, the AMRUT scheme completed its 5 years of successful implementation. In order to commemorate the success of the scheme, the Ministry of Urban Affairs launched an online event. The event highlighted the success of AMRUT. Highlights The event highlighted the success of AMRUT in achieving 54 milestones in 4 years of ..

GoI revamps PCPIR Policy

On June 25, 2020, the chemicals and Fertilizers Advisory Forum meeting was held. The meeting was chaired by the Union Minster of Chemicals and Fertilizers Shri Sadananda Gowda. Highlights This was the second meeting attended by the members of the forum. The forum members during the meet discussed possible ways to realize Atma Nirbhar Bharat ..

NITI Aayog: India will transform in to a middle-income country in 2030

The NITI Aayog recently announced that India will recover from the COVID-19 crisis by April 2021. Also, NITI Aayog has said that India will transform into a lower middle-income country to a middle-income country by 2030. Highlights According to NITI Aayog, it is unfair to compare India’s dealing of COVID-19 crisis with western countries. Gross ..

France to provide 200 million euros to assist India’s COVID-19 response

India and France have signed an agreement in which Paris committed 200 million euros to aid India’s COVID-19 response. This loan would enable France to work with India to increase the state and central governments’ capacities to support the country’s most vulnerable population during the on-going coronavirus crisis. This programme was designed and developed by ..