India-World Bank Current Affairs - 2019

Category Wise PDF Compilations available at This Link

SBI Managing Director Anshula Kant appointed World Bank’s MD and CFO

Anshula Kant, Managing Director of State Bank of India (SBI) has been appointed as Managing Director and Chief Financial Officer (CFO) of World Bank. She will be the 1st woman CFO of World Bank. Her appointment was announced by David Malpass, World Bank’s President. Key Highlights Since September 2018 she has been a Managing Director Read More…

Month:  Categories: Persons in News

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World Bank partners with First Resilient Kerala Program

The Government of India, Government of Kerala and World Bank recently signed a Loan Agreement of $250 Million for First Resilient Kerala Program which seeks to enhance State’s resilience against impacts of natural disasters and climate change. Background The 2018 floods and landslides in Kerala wreaked havoc on property, infrastructure, and lives and livelihoods of Read More…

Month:  Categories: Government Schemes & Projects

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World Bank assisted project SMART launched in Maharashtra

Maharashtra Government has launched World Bank assisted State of Maharashtra’s Agribusiness and Rural Transformation (SMART) Project to transform rural Maharashtra. This project aims to revamp agricultural value chains, with special focus on marginal farmers across 1,000 villages. This initiative is in line with Union Government’s step towards doubling farmers’ income by 2022.  The launch of Read More…

Month:  Categories: Business, Economy & Banking

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PM inaugurates country’s first multi-modal terminal constructed on river Ganga in Varanasi

Prime Minister Narendra Modi inaugurated India’s first Inland Multi-Modal Terminal Port on river Ganga at Ramnagar in Varanasi and received first container cargo belonging to PepsiCo. It is the first of four Multi-Modal Terminals being constructed on National Waterways-I (NW1) on River Ganga as part of World Bank-aided Jal Marg Vikas project of Inland Waterways Read More…

Month:  Categories: Environment & Biodiversity

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Government inks US$ 74 Million loan agreement for Uttarakhand Workforce Development Project

Union Government has inked US$74 million loan agreement for International Bank for Reconstruction and Development (IBRD) Credit for Uttrakhand Workforce Development Project (UKWDP). Uttrakhand Workforce Development Project (UKWDP) The objective of this project is to improve quality and relevance of training at priority Industrial Training Institutes (ITIs) and increase number of labor-market-relevant workers through short term Read More…

Month:  Categories: Business, Economy & Banking

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Pradhan Mantri Gram Sadak Yojana: Government inks $500 million loan agreement with World Bank

Government (Union Finance Ministry) has signed US $500 million (Rs 3,371 crore) loan agreement with World Bank to provide additional financing for Pradhan Mantri Gram Sadak Yojana (PMGSY) rural road projects. The loan has maturity of 10 years along with 3 year grace period. It will provide additional financing for PMGSY Rural Roads Project to Read More…

Month:  Categories: Government Schemes & Projects

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National Biopharma Mission: Government inks Legal Agreements with World Bank

The Union Government has entered into agreement with World Bank for flexible financing arrangement to accelerate research towards early development for biopharmaceuticals under National Biopharma Mission. The agreement was signed between project implementing agency, Biotechnology Industry Research Assistance Council (BIRAC), a PSU of Department of Biotechnology, Department of Economic Affairs, Ministry of Finance and International Read More…

Month:  Categories: Government Schemes & Projects

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