Source: ET Subject: International Organisation, Economy Context: India and the Asian Development Bank (ADB) have signed loan agreements worth over $2.2 billion to finance five major development projects. About India–ADB $2.2 billion loan agreements: What it is? A multi-sector financing package from ADB to India aimed at accelerating human capital development, clean energy transition, urban …
Source: DTE Context: The Asian Development Bank (ADB) has withdrawn a $434.25 million loan for Assam’s 1000 MW Solar Power Park following protests over tribal land acquisition in Karbi Anglong. The Union Finance Ministry, at the request of the Assam government, asked ADB to cancel the loan to avert further conflict and displacement of indigenous …
UPSC CURRENT AFFAIRS – 2 December 2024 covers important current affairs of the day, their backward linkages, their relevance for Prelims exam and MCQs on main articles InstaLinks : Insta Links help you think beyond the current affairs issue and help you think multidimensionally to develop depth in your understanding of these issues. …
Source: ET Context: India and ADB have signed a $98 million loan to boost horticulture productivity by providing disease-free planting materials under the Atmanirbhar Clean Plant Programme. About Atmanirbhar Clean Plant Programme: Origin: Announced in Budget 2023-24 with an allocation of ₹2,200 crore for seven years until 2030. Ministry: Ministry of Agriculture and Farmers Welfare. …
GS Paper 2 Syllabus: Important International institutions, agencies and fora, their structure, and mandate. Source: ADB, ET Context: The Asian Development Bank (ADB) has announced its India strategy for the period 2023-2027, with a key focus on employment creation and promoting green growth What is Country Partnership Strategy for India (CPS): 2023-2027 The …
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Source: ADB Context: The Asian Development Bank (ADB) has announced the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP) program to accelerate climate change financing in the region.
GS Paper 2: Topics Covered: India and neighbourhood relations. Context: A meeting was recently held between three countries – Bangladesh, India and Nepal, to discuss the next steps in operationalising the Motor Vehicles Agreement (MVA) of the sub-regional Bangladesh-Bhutan-India-Nepal (BBIN) grouping for the free flow of good and people between them. Bhutan has already …
