The Prime Minister, Narendra Modi, received a congratulatory telephone call yesterday from the President of the World Bank, Jim Yong Kim. Kim congratulated the Prime Minister Narendra Modi for India’s historic rise in the Ease of Doing Business rankings. He said that it is remarkable that a nation of over 1.25 billion people has achieved […]
The World Bank has approved Atal Bhujal Yojana (ABHY), a Rs.6000 crore Central Sector Scheme of the Ministry of Water Resources, River Development and Ganga Rejuvenation. The scheme is to be implemented over a period of five years from 2018-19 to 2022-23, with World Bank assistance. The scheme proposal has already been recommended by the […]
A Loan Agreement for IBRD credit of US$ 125 (equivalent) for the “Innovate in India for Inclusiveness Project” was signed with the World Bank on 24th April, 2018 in New Delhi. The Loan Agreement was signed by Sameer Kumar Khare, Joint Secretary, Department of Economic Affairs on behalf of Government of India and Hisham Abdo, […]
A Loan Agreement for IBRD loan of USD 48 million for the “Meghalaya Community – Led Landscapes Management Project (MCLLMP)” was signed in New Delhi on April 16th with the World Bank. The Loan Agreement was signed by Sameer Kumar Khare, Joint Secretary (MI), Department of Economic Affairs on behalf of the Government of India and […]
The Inland Waterways Authority of India (IWAI) has engaged KPMG, a reputed consultant, to study and devise a framework for operationalization and maintenance of the assets being built on NW-1 under the World Bank funded Jal Marg Vikas Project (JMVP) . This framework will include various institutional and operational models ranging from outsourcing to Special […]
Inland Waterways Authority of India (IWAI) signed a project agreement with the World Bank on 2nd February 2018, even as the latter entered into a US $ 375 million loan agreement with the Department of Economic Affairs, Ministry of Finance for Jal Marg Vikas Project (JMVP). The signing of the Agreement follows the approval of […]
The Government of India and the World Bank today signed a $100 million Loan Agreement that is expected to promote rural enterprises, facilitate their access to finance, and create employment opportunities for youth, particularly women, in selected blocks of Tamil Nadu across 26 districts, directly benefitting over 400,000 people. The Tamil Nadu Rural Transformation Project […]
The Government of India, the Government of Uttarakhand and the World Bank Board signed here today in New Delhi, a $120 million Loan Agreement which will help increase access to improved water supply services in peri-urban areas in the State of Uttarakhand. The Agreement for the project was signed by Sameer Kumar Khare, Joint Secretary, […]
The Government of India, the Government of Tamil Nadu and the World Bank today signed a $318 million loan agreement for the Tamil Nadu Irrigated Agriculture Modernization Project to promote climate resilient agriculture technologies, improve water management practices, and increase market opportunities for small and marginal farmers. About 500,000 farmers, of which a majority are […]
The Union Minister for Finance, Defence and Corporate Affairs, Arun Jaitley will leave on a five day official visit to USA tomorrow to participate in the Spring Meetings of the World Bank and International Monetary Fund (IMF). The Finance Minister will leave tomorrow evening i.e., 19th April, 2017 and will arrive at Washington, USA on […]
