Page-5 of Asian Development Bank (ADB)
ADB approves 1.5 billion USD for India to fight COVID-19
On April 28, 2020, the Asian Development Bank approved 1.5 billion USD loan to support the Indian Government in its actions against the spread of COVID-19 crisis. The fund is to be used in disease containments, social protection and disease ..
Month: Current Affairs - April, 2020
New Development Bank’s financial assistance of 1 billion USD to India
On April 20, 2020, Finance Minister Smt Nirmala Sitaraman attended the fifth annual meeting of the Board of Governors of the National Development Bank through a video conference. Outcomes The New Development Bank of the BRICS grouping is to provide ..
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
ADB assures 2.2 billion USD loan to India
India had earlier approached Asian Development Bank and Asian Infrastructure Investment Bank for loans to fight against COVID-19. With India’s request, the ADB has assured a loan of 2.2 billion USD. Highlights The funds are to be used to help ..
Month: Current Affairs - April, 2020
Empowered Group constituted to coordinate COVID-19 related Response Activities
On April 5, 2020, the Government of India constituted an empowered group under the chairmanship of NITI Aayog CEO Amitabh Kant. The group will coordinate with NGOs, private sector and international organizations for COVID-19 related response activities. Highlights The Group ..
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
Asian Development Bank to invest 100 million USD in NIIF
On March 30, 2020, the Asian Development Bank announced that it is to invest 100 million USD in National Investment and Infrastructure Fund (NIIF). The investment during an economic slow down is a great boost for the Indian Economy. NIIF ..
Month: Current Affairs - March, 2020
Motor Vehicles Act: 10% reduction of road accidents in 5 months
On March 16, 2020, the Minister of Transport Nithin Gadkari informed Rajya Sabha that there has been 10% decrease in road accidents since the passage of Motors Vehicles Act. Highlights During the Question Hour, the minister replied that India has ..