India, ADB sign USD 400 million loan agreement to support urban reform

India, ADB sign USD 400 million loan agreement to support urban reform

Dear Aspirants, EducationBro is here with a Daily Current Affairs Dose. In this session, we will make the candidates aware of the daily current affairs topics, which will improve their general awareness, while also taking care that the candidates should not have any shortage of trending current affairs related to any country and abroad. Today’s Current Affairs topic is India, ADB sign USD 400 million loan agreement to support urban reform.

Our Daily Current Affairs Dose 2023 will help you to crack the General Awareness section of Banking Insurance SSC Railway UPSC and all government jobs exams.

India, ADB sign USD 400 million loan agreement to support urban reform

India, ADB sign USD 400 million loan agreement: The Government of India (GoI) signed a $400 million policy-based loan agreement with Asian Development Bank (ADB) to support its urban reform agenda for creating high quality urban infrastructure, improving service delivery, and promoting efficient governance systems.

India, ADB sign USD 400 million loan: Key Highlights 

The signatories to the loan agreement for the Sub-programme 2 of the Sustainable Urban Development and Service Delivery Programme were Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, Ministry of Finance, signing for the Government of India, and Takeo Konishi, Country Director of ADB’s India Resident Mission, signing for the ADB.

Read Also: India, ADB sign $130 million loan MoU to promote horticulture in Himachal Pradesh

India-ADB Sub-programme 1 

While Sub-programme 1 approved in 2021 with a financing of $350 million established national-level policies and guidelines to improve urban services, Sub-programme 2 is supporting investment planning and reform actions at the state and urban local body (ULB) levels.

India-ADB Sub-programme 2

India and ADB Sub-programme 2 supports the reforms initiated by the states and the ULBs in operationalising the national flagship programme of Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0 targeted for universal access of water supply and sanitation”. 

Read Also: India, ADB sign $295 million loan agreement to upgrade highways in Bihar

The sub-programme also supports other mission objectives for ensuring urban water security through reducing water losses, recycling treated sewage for non-domestic use, rejuvenation of water bodies, and maintaining sustainable ground water level. 

Static Current Affairs related to India for upcoming exams

• President of India: Droupadi Murmu 
• Vice President of India: Jagdeep Dhankhar
• Prime Minister of India: Narendra Modi 
• Chief Justice of India: Justice DY Chandrachud
• Lok Sabha Speaker of India: Om Birla 
• Capital of India: New Delhi 
• Largest city of India: Mumbai 
• Official languages of India: Hindi / English 
• Currency of India: Indian rupee (₹) (INR) 
• Total Population of India 2023 estimate: 1,428,627,663 (1st)