News: The World Bank has approved a five-year loan to the Namami Ganga or the National Mission for Clean Ganga(NMCG) under its second National Ganga River Basin project. Facts: National Ganga River Basin project: It is a World Bank assisted project approved in the year 2011. Aim: To help rejuvenate the Ganga River by helping… Continue reading World Bank approves fresh funds for Ganga cleaning mission
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World Bank’s STARS to improve school education in six States
News: The World Bank has approved an assistance of $500 million under ‘Strengthening Teaching-Learning and Results for States Program(STARS)’ for India. Facts: Aim: To improve quality and governance of school education in six Indian states. Coverage: Six states included in the project are Himachal Pradesh, Kerala, Madhya Pradesh, Maharashtra, Odisha and Rajasthan. Implementation: The project… Continue reading World Bank’s STARS to improve school education in six States
India retains position as third largest economy in PPP
News: The World Bank has released the new Purchasing Power Parities (PPPs) for reference year 2017 under its International Comparison Program (ICP). Facts: International Comparison Program(ICP): It is the largest worldwide data-collection initiative managed by the World Bank under the guidance of the UN Statistical Commission(UNSC). Objective: To produce purchasing power parities(PPPs) and comparable price… Continue reading India retains position as third largest economy in PPP
Economy to contract by 3.2% this fiscal, says World Bank
News: The World Bank has released the Global Economic Prospects (GEP) June 2020 report. Facts: Global Economic Prospects is a World Bank Group flagship report that is issued twice a year, in January and June. Aim: To examine global economic developments and prospects with a special focus on emerging markets and developing economies. Key Takeaways:… Continue reading Economy to contract by 3.2% this fiscal, says World Bank
India-World Bank: Social Protection Response Programme
News:The World Bank has announced a $1 billion assistance under the proposed Accelerating India’s COVID-19 Social Protection Response Programme. Facts: Aim: To support India’s efforts at providing social assistance to the poor and vulnerable households severely impacted by the COVID-19 pandemic. Implementation: It will be implemented by the Ministry of Finance, Government of India. Funding:… Continue reading India-World Bank: Social Protection Response Programme
Commodity Markets Outlook Report
News:World Bank has released its Commodity Markets Outlook report. Facts: The report is published every year in the month of April and October. Aim: To provide market analysis for major commodity groups such as energy, metals, agriculture, precious metals, oil, fertilizers among others. Additional Facts: World Bank: It is an International financial Institution that was… Continue reading Commodity Markets Outlook Report
Integrated Project for Source Sustainability and Climate Resilient Rain-Fed Agriculture
News:The Government of India, Himachal Pradesh and World Bank has signed a US$80 million loan agreement to implement Integrated Project for Source Sustainability and Climate Resilient Rain-Fed Agriculture in Himachal Pradesh. Facts: About the Project: Aim:To improve water management practices and increase agricultural productivity in selected Gram Panchayats in Himachal Pradesh. Additional information: Other World… Continue reading Integrated Project for Source Sustainability and Climate Resilient Rain-Fed Agriculture
World Bank:Global Economic Prospects report
News:The World Bank has released the 2020 Global Economic Prospects report. Facts: Key takeaways from the report: Report on Global and Regional Growth: The Global growth is set to rise by 2.5% this year from 2.4% in 2019 as trade and investment gradually recover. The growth among advanced economies as a group is anticipated to… Continue reading World Bank:Global Economic Prospects report
Atal Bhujal Yojana(ABY)
News:The World Bank-funded Atal Bhujal Yojana(ABHY) is still waiting for the Union Cabinet’s approval more than a year after the World Bank board approved it in June 2018. Facts: About Atal Bhujal Yojana: Atal Bhujal Yojana is a 6000 crore World Bank assisted Central Sector Scheme of the Ministry of Water Resources, River Development and… Continue reading Atal Bhujal Yojana(ABY)
Doing Business Report
News:The World Bank has released its doing business report 2020. Facts: About Doing Business Report: Doing Business report measures regulations across the 190 economies in 12 business regulatory areas to assess the business environment in each economy. The ten of these indicators were used to estimate an ease of doing business score this year. The… Continue reading Doing Business Report
