India and Asian Development Bank Sign $300 Million Loan

The Asian Development Bank and the Government of India signed a $300 million loan to continue a series of fiscal reforms in the State of West Bengal to improve the quality of public service delivery.

The Second West Bengal Development Finance Program targets a further increase in public investment through reduction of unproductive expenditure. The Program aims to further deepen the reforms with focus on expenditure rationalization, improvement in revenue administration, and facilitation of more private investment in the state. 
Important Takeaways from Above News for RRB PO Mains Exam-
  • Mr. Sameer Kumar Khare is the Joint Secretary of Department of Economic Affairs.
  • ADB Headquarters in Manila, Philippines.
  • Takehiko Nakao is the President of ADB.
Source- AIR World Service