Asian Development Bank (ADB) Current Affairs - 2020

ADB approved $300 million loan to develop Rajasthan’s secondary towns

The Asian Development Bank (ADB) has approved a 300 million dollar (about Rs 2,200 crore) loan to develop the inclusive water supply, sanitation infrastructure and services in secondary towns of Rajasthan. Key Facts The project will improved water supply services for about 5.7 lakh people. It will enhance sanitation services for about 7.2 lakh people Read More…

ADB’s prediction of Asian economy shrinking for the first time since 1960s: Important facts

The prediction of the Manila-based Asian Development Bank says due to pandemic hit the Asian economy is going to shrink for the first time since the early 1960s. It also stated that the period will continue until next year with a downfall in the level of growth as projected before the pandemic. What is the Read More…

EESL to procure 250 Electric Vehicles from Tata Motors and Hyundai Motor

On September 3, 2020, the energy Efficiency Services Limited announced that it will procure 250 electric Vehicles from Tata Motors and Hyundai Motor India. Highlights The Tata Motors is to supply 150 Nexon electric compact SUVs and the Hyundai Motor India Limited will supply 100 Kona Electric SUVs for government use. EESL is to procure Read More…

Assam to set up Skill University at Mangaldoi

On August 27, 2020, the Assam Cabinet passed a resolution to set up a Skill University at MAngaldoi in Assam with an investment of Rs 900 crores. The other decisions taken at the cabinet are as follows People of Assam can apply for Group III and Group IV exams up to 40 years. This will Read More…

ILO-ADB Report: 41 lakh Indian Youths to lose job due to COVID-19

The International Labour Organization and the Asian Development Bank prepared a joint report on “Tackling COVID-19 Youth employment crisis in Asia and Pacific”. The report says that around 41 lkahs of Indian youth are to lose their job due to COVID-19 crisis. Highlights The report prepared jointly by the international organizations say that the major Read More…