As per the data official released by the Asian Development Bank (ADB), it provided a record USD 4.6 billion in sovereign lending to India in 2021. This included USD 1.8 billion towards coronavirus disease (COVID-19) pandemic response. The ADB’s regular funding programme to India is made to support transport, urban development, finance, agriculture, and skills building. The ADB’s project portfolio in 2021 reflected the Indian government’s focus on transforming cities into economically vibrant and sustainable communities.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The USD 4.6 billion was committed by ADB for 17 loans. The USD 1.8 billion COVID-19-related assistance included USD 1.5 billion for vaccine procurement and USD 300 million to strengthen primary health care in urban areas and the country’s future pandemic preparedness.
Important takeaways for all competitive exams:
India is preparing for a major shift in its trade and automobile policy. As negotiations…
The 77th Republic Day Parade in New Delhi became a unique blend of history, art,…
The Government of India Act, 1935 marked a major constitutional experiment under British rule. Enforced…
India marked its 77th Republic Day with a spectacular parade that blended military strength, cultural…
The Beating Retreat Ceremony is a grand military tradition that marks the formal conclusion of…
The 42nd Constitutional Amendment Act, 1976 is one of the most significant changes ever made…