ADB approves 2nd tranche of USD 150 mn for West Bengal

The Asian Development Bank has approved the 2nd tranche of USD 150 million (about Rs 1,065 crore) for West Bengal to boost capital investment and infrastructure in the state. The board of ADB approved a loan of $ 300 million (about Rs 2,130 crore) to continue a comprehensive series of fiscal reforms in West Bengal to revive financial health of public sector enterprises, the introduction of medium-term expenditure frameworks in two departments, and implementation of an integrated tax monitoring system, among others.

Static/Current Takeaways Important For RRB NTPC/SSC CGL:

  • Asian Development Bank Headquarters: Manila, Philippines; President: Takehiko Nakao.

Source: The Business Standard

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