West Bengal Current Affairs

India and Japan signs loan Agreement for Turga Hydel Project

India and Japan signed Loan Agreement worth Rs. 1817 crore for construction of Turga Pumped Storage (I)’ Hydel Project. On completion, this project will contribute to Industrial Development and Living Standard Improvement in the West Bengal.

Key Facts

This loan agreement was signed between Union Ministry of Finance, Government of India and Mr. Katsuo Matsumoto, Chief Representative Japan International Cooperation Agency (JICA). The objective of project is to strengthen capability to respond to fluctuation in supply and demand of power. It also seeks to improve stability of power supply by constructing pumped storage facilities, thereby contributing to industrial development and improvement of Living Standard of people in West Bengal.

Background

India and Japan have long and fruitful history of bilateral development cooperation since 1958. In the last few years, the economic cooperation between India and Japan has steadily progressed, which has further consolidated and strengthened Strategic and Global Partnership between them.

Month: Categories: India Current Affairs 2018

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Government inks $240 million loan agreement with ADB for WB Drinking Water Sector Improvement Project           

India and Asian Development Bank (ADB) signed $240 million loan agreement for West Bengal Drinking Water Sector Improvement Project to provide safe drinking water to people in three districts of West Bengal. The project aims at providing safe and sustainable drinking water to people in Bankura, North 24 Parganas and Purba Medinipur affected by arsenic, fluoride and salinity.

West Bengal Drinking Water Sector Improvement Project

The project will help mitigate health risks from using groundwater with elevated levels of arsenic and fluoride that can lead to health problems including cancer and bone diseases.  It will help to reduce burden of diseases from contaminated groundwater. It will also help to mitigate these risks through provision of continuous potable water through metered connections to about 390,000 individual households in three districts.

The project is also supported by grant of $3 million from Japan Fund for Poverty Reduction and $2 million grant from ADB’s Urban Climate Change Resilience Trust Fund. It will support state in strengthening its smart water management system, improve flood-related early warning and response and provide training on operation and maintenance as well as climate change and disaster resilience.

Month: Categories: India Current Affairs 2018

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