Current Affairs – February, 2018

Latest Current Affairs February, 2018 with Current Affairs, news summary on current events of National and International importance of February, 2018 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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Government inks loan agreement with ADB for Improvement and Expansion of Water Supply in Bihar

The Union Government has inked $84 million loan agreement with Asian Development Bank (ADB) for improvement and expansion of water supply in Bhagalpur and Gaya towns in Bihar. The loan has 25-year term, including grace period of 5 years with annual interest rate determined in accordance with ADB’s lending facility based on London interbank offered rate (LIBOR) and commitment charge of 0.15% per year.

Key Facts

This agreement is for tranche 2 loan, part of $200 million multi-tranche financing facility (MFF) for Bihar Urban Development Investment Program that was approved in 2012 by ADB. The program aims to provide sustainable urban infrastructure and services in four towns in Bihar –Gaya, Bhagalpur, Darbhanga and Muzaffarpur.

The project 2 will improve access to better quality and sustainable water supply, for people of Bhagalpur and Gaya towns. It will help two towns to achieve national urban service goals or match many of national averages for urban service delivery performance in India. The investment program will assist urban local body (ULBs) in designing affordable tariffs for operation and maintenance (O&M) cost recovery.

Significance of project

The project will promote better water management practices that will result in a citywide coverage with 24-hour uninterrupted supply of treated water of 135 litres per capita per day in both cities. The loan finances will support civil works subprojects and will benefit 1.1 million people in two project towns with increased coverage of treated water supply by 2021. It will also train 400 urban local body (ULB) staff in management and O&M of water supply systems and help ULBs improve technical and financial management of water supply operations.

Month: Categories: India Current Affairs 2018

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Kunwar Bai: 106-year-old icon for Swachh Bharat campaign passes away

Kunwar Bai, a 106-year-old woman from Chhattisgarh who was chosen as mascot for `Swachh Bharat Abhiyan’, passed away after a prolonged illness.  She had shot to fame in 2016 when story of her selling goats to build toilet at home had got nationwide publicity. She was felicitated by Prime Minister Narendra Modi at public meeting at Kurrubhat village in Rajnandgaon district and later made a mascot for Swachh Bharat Abhiyan.

Kunwar Bai

She was recognised by Prime Minister Narendra Modi for building toilet by selling off her 8-10 goats to build two toilets at her home. Apart from that, she started showing other villagers the toilets at her home while educating them about its importance. She had encouraged others from village to build toilets. Her efforts had help to make her village ‘open defecation free as very home in her village has toilets.

Month: Categories: Persons in News 2018

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