India-ADB Current Affairs - 2020

ADB approved $177 million loan for Maharashtra Road Improvements.

The Asian Development Bank (ADB) and the Indian government have signed an agreement for a loan of $177 million on October 19, 2020. The loan has been approved to upgrade 450 kilometers of state highways and major district roads in Maharashtra. Features and Significance of Project This project will improve connectivity between rural areas and Read More…

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…

750 million USD loan approved by AIIB to India

On June 17, 2020, the Asian Infrastructure Investment Bank (AIIB) approved 750 million USD loan to India. The fund granted is to be used by the GoI to strengthen battle against the impact of COVID-19 on the poor and vulnerable. Highlights The aid was cofinanced by the Asian Development Bank (ADB). The funds are to Read More…

India and ADB sign 177 million USD to upgrade Maharashtra State Highways

On May 28, 2020, the Government of India and the Asian Development Bank signed an agreement to construct state highways in Maharashtra. Highlights The funds received from the bank are to be used by the State Government of Maharashtra to improve road projects. The projects will be used to increase connectivity between urban and rural Read More…

World Bank approves 1 billion USD to India

On May 15, 2020, the World Bank approved 1 billion USD aid to India to accelerate “India’s COVID-19 Special Protection Response Programme”. The fund will be used to provide social assistance to poor, severely impacted and vulnerable households. Highlights Of the 1 billion USD aid, around 550 million USD is to be credited by the Read More…